MANILA, Philippines — The Philippines saw a higher trade deficit even as the value of the country’s agricultural trade fell by 8.6 percent in the first quarter amid lower exports and imports, according to preliminary data from the Philippine Statistics Authority (PSA). The country’s total agricultural trade reached $5.9 billion in the January to March […]
Read MoreCambodia’s trade with the Philippines is back on track after a brief setback in the aftermath of Covid-19 and rose nearly 28 percent last year, compared to the previous year, said the Philippines Ambassador to Cambodia, Maria Amelita C. Aquino, recently. Speaking to Khmer Times on the sidelines of the reception organised by the embassy in Phnom […]
Read MoreMANILA, Philippines — Vehicle sales in the country remained on the uptrend in the five months of the year, growing by 31.5 percent. Latest data from the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed that new motor vehicle sales reached 166,104 units from January to May, […]
Read MoreMANILA, Philippines — The inflow of foreign direct investments (FDI) dropped by 30.7 percent to $548 million in March from $792 million in the same month last year amid investor concerns over subdued global growth prospects, according to the Bangko Sentral ng Pilipinas (BSP). This brought the first quarter FDI inflow to $2.04 billion, 19.6 […]
Read MoreMANILA, Philippines — The research arm of the Moody’s Group has raised its 2023 growth forecast for the Philippines to 6.1 percent from the previous target of 5.7 percent, making the country the fastest growing economy in the region. Steven Cochrane, chief economist for Asia Pacific at Moody’s Analytics, said the Philippines, India, China and […]
Read MoreMANILA, Philippines — Dutch financial giant ING expects a diminishing strain on the Philippine peso as the country’s trade deficit is anticipated to contract from its previous record highs. According to Nicholas Mapa, senior economist at ING, the current trade deficit trends indicate that the Philippines is unlikely to reach the historically high level of […]
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