CARGO exports declined as export volumes dropped by a double-digit percentage while imports grew 3 percent, according to the Philippine Ports Authority (PPA). Foreign cargo volumes slipped 3 percent to 160 million metric tons (MMT) from 165 MMT in 2021. The low exports highly contributed to this as total exports declined 11 percent, from 70 […]
Read MoreThe Philippines has shown great interest in the quality of Cambodian rice and the two sides are negotiating prices to achieve rice trade. The interest expressed to a delegation from the Ministry of Commerce and the Cambodia Rice Federation (CRF), during their visit to the Philippines from February 1-3. The delegation was led by Kim […]
Read MoreMONETARY authorities will likely raise key interest rates by 25 basis points (bps) next week and follow this up with an identical increase in March, an economist said on Monday. The adjustments will be needed given still-high inflation, ING Bank Manila senior economist Nicholas Mapa said, after which the Bangko Sentral ng Pilipinas’ (BSP) policymaking […]
Read MoreMANILA, Philippines — Inflation likely eased below eight percent in January after accelerating for four consecutive months to hit a 14-year high of 8.1 percent, according to bank economists. ING Bank senior economist Nicholas Mapa said Philippine inflation might have dipped to 7.8 percent in January, but is expected to remain at elevated levels as […]
Read MoreMANILA, Philippines — The Department of Finance welcomed the US Federal Reserve’s “softer” interest rate hike while forecasting that inflation in the Philippines has reached its long-awaited peak. This was what Finance Secretary Benjamin Diokno told the private sector in a Friday briefing organized by the Makati Business Club. “I think it has peaked. We look […]
Read MoreCambodia, which exports half of its rice production to Vietnam, is seeking to export directly its surplus harvest to the Philippines, according to the Department of Trade and Industry (DTI). Newly confirmed DTI Secretary Alfredo E. Pascual met today, Feb. 2, with high-level Cambodian delegation led by Secretary of State Kim Chan Sokty of the […]
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