MANILA, Philippines — Philippine firms are expected to generate $66 million worth of sales from the world’s biggest food fair to be held in Germany next month, the Center for International Trade Expositions and Missions (CITEM) said. In a statement, CITEM, the exports promotions arm of the Department of Trade and Industry, said 31 Philippine […]
Read MoreMANILA, Philippines — The Philippines is looking at upgrading and modernizing the fishing fleets of the tuna industry to be able to compete in the global market. Agriculture Secretary William Dar said re-fleeting is the way forward and the best option to ensure that the local commercial fishing sector can compete with the rest of […]
Read MoreMANILA, Philippines — Growth in consumer prices decelerated to 1.7 percent in August, the lowest in almost three years, mostly due to the continued slowdown in the price hike of the heavily weighted food and non-alcoholic beverages as well as housing and utilities, the Philippine Statistics Authority (PSA) reported yesterday. The headline inflation rate for […]
Read MoreMANILA, Philippines — The escalating trade war between the US and China may slash the Philippines’ gross domestic product (GDP) growth by 0.1 percentage point in 2020, according to the National Economic and Development Authority. Citing the agency’s estimates, NEDA Undersecretary Rosemarie Edillon said the Philippine economy may not be significantly affected by the ongoing […]
Read MoreMANILA, Philippines — The unemployment rate in the country steadied at 5.4 percent in July despite the addition of 100,000 more Filipinos to the ranks of those looking for jobs, the Philippine Statistics Authority (PSA) reported yesterday. There are now 2.43 million jobless Filipinos compared with 2.33 million last year. Deputy National Statistician Rosalinda Bautista […]
Read MoreMANILA, Philippines — Despite a modest improvement in manufacturing conditions in August, the Philippines led the recovery in business conditions in the ASEAN region during the month, according to the IHS Markit ASEAN Manufacturing Purchasing Managers’ Index (PMI). Operating conditions in ASEAN manufacturing firms deteriorated at the fastest pace since November 2015 in August as […]
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