The Philippines’ deficit in the trade of goods narrowed by 2.7 percent in February, with the import bill exceeding export earnings by $3.88 billion. | RonWDomingoINQ /PDI
Also in January, imports grew by 4 percent while exports shrank by 13 percent.
According to the latest edition of the Asian Development Bank’s Asian Development Outlook released earlier this month, China’s reopening could brighten the region’s growth prospects. The updated World Bank outlook shows that economies in the region must cope with three important challenges as policymakers act to sustain and accelerate economic growth in the aftermath of COVID-19.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PHL exports of digitally delivered services up 11% to $27.66B–WTO | Andrea E. San JuanTHE Philippines’ export of digitally delivered services rose 11 percent to $27.66 billion in 2022, from the $24.94 billion recorded in 2021, according to the World Trade Organization’s (WTO) estimates. The WTO report titled “Global Trade Outlook and Statistics” shows that the Philippines ranked 24th among the 30 “leading exporters…
Read more »
BI offloaded over 6k passengers from January-February 2023The Bureau of Immigration said it has offloaded more than 6,000 passengers from their flights in the first two months of 2023 amid the country’s fight against human trafficking.
Read more »
Jobless rate in PH remained at 4.8% in February 2023The unemployment rate in the Philippines remained at 4.8 percent in February as in January even as more Filipinos were taking part in the labor force, either as jobholders or seekers, according to preliminary data at the PSA. | RonWDomingoINQ /PDI
Read more »
Manufacturing output down in February —gov't dataPhilippine manufacturing output slowed in February 2023 due mainly to the decline recorded in food products, government data released on Tuesday revealed.
Read more »
PH employment rate hits 95.2% in FebruaryDAVAO CITY (MindaNews / 11 April)—The employment rate in the country was reported at 95.2% in February, data released Tuesday by the Philippine Statistics Authority (PSA) said. Sugarcane plantation…
Read more »
LPA enters PAR, may become Philippines’ first tropical cyclone for 2023WeatherAlert: Eastern Visayas and Caraga are seeing rain on Monday, April 10, from the trough or extension of the low pressure area.
Read more »