MANILA, Philippines — The value of the Philippines’ domestic trade continued to decline in the fourth quarter of 2021 to P105.9 billion, driven by double digit declines in the majority of traded commodity groups, preliminary data from the Philippine Statistics Authority (PSA) showed. The fourth quarter figure is 36.4 percent lower than the P166.5 billion […]
Read MoreKUALA LUMPUR: Disaster management bodies in the Philippines and Indonesia will be among those to be used as a ‘benchmark’ for the restructuring of the country’s National Disaster Management Agency (NADMA), said Deputy Minister in the Prime Minister’s Department (Special Functions) Datuk Mastura Mohd Yazid (pix). She said the reason being that measures to strengthen […]
Read MoreMANILA, Philippines — The value of the country’s agricultural trade further grew in the fourth quarter of 2021 by 24.9 percent to $5.98 billion on the back of double-digit increases in imports and exports, according to the Philippine Statistics Authority (PSA). The fourth quarter figure is higher than the 15.8 percent growth registered in the […]
Read MoreJAPAN’S Nomura Holdings Inc. has trimmed its Philippine growth forecast for this year to 6.3 percent from 6.8 percent, pointing to fallout from Russia’s ongoing invasion of Ukraine. “We cut our GDP (gross domestic product) growth forecast… further below the government’s range of 7 [to] 9 percent,” Nomura economists Euben Paracuelles and Rangga Cipta said […]
Read MoreMANILA, Philippines — The Philippines imported 46 percent more meat in the first two months of the year, mainly driven by pork imports, according to the Bureau of Animal Industry. The BAI reported that meat import arrivals from January to February reached 162.1 million kilos, higher than last year’s 111.3 million kilos. The country imported […]
Read MoreMANILA, Philippines — The downside risks of increasing commodity prices, caused by Russia’s invasion of Ukraine, on Asia-Pacific currencies are seen to be the strongest in the Philippines and India as they are net commodity importers, according to Oxford Economics. In a research briefing, Oxford Economics said Russia’s full-scale invasion of Ukraine was not priced […]
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