MANILA, Philippines – The deficit in the country’s balance of payments (BOP) further widened in February as the country incurred shortfalls for the past five straight months amid the negative investor sentiment arising from uncertainties brought about by the normalization of interest rates in the US, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Data […]
Read MoreHCM CITY — Trade promotion has become more and more important because it impacts enterprises’ product consumption so trade promotion should be improved, an official said. “Trade promotion should be done with long-term vision and focus to target customers,” Bùi Huy Sơn, head of the Ministry of Industry and Trade’s Trade Promotion Department was quoted […]
Read MoreThe rise of the US dollar value in currency exchange markets is leading to an increase in rice export volumes when compared to the previous financial year, said U Ye Min Aung, managing director of Myanmar Agribusiness Public Corporation (MAPCO) and the general secretary of the Myanmar Rice Federation (MRF). Farmers prepare paddy field for […]
Read MoreAsia Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) has called for more inclusive trade liberalization that will contribute to economic and social development among countries in the Asia Pacific region. ABAC Philippines Chair Tomas Alcantara said more than communicating the benefits of pursuing open trade, impacts of this global development must be broadly felt […]
Read MoreMalaysia has joined other developed countries in supporting the Philippine infrastructure development program, Socioeconomic Planning Secretary Ernesto Pernia said on Monday. “Strong expressions of funding support for the country’s massive infrastructure build-up from bilateral and multilateral partners Japan, China, South Korea and Malaysia, as well as WB, ADB, and AIIB,” Pernia said in a presentation […]
Read MoreBSP cites young population, sound macroeconomic fundamentals The central bank sees continued inflow of foreign direct investments (FDI) into the Philippines in 2017 as the country remains an attractive destination for investors given its young population, vibrant industry sectors and solid macroeconomic fundamentals. FDI inflow “is going to continue, given the [country’s] sustained economic growth, […]
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