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Imports shrank 9.6% to $4.8B in May on lower oil shipments

Imports contracted by nearly a tenth in May as the entry of commodities, particularly food and fuel, declined, although officials were hopeful that optimism in the business sector would translate into a recovery next year.

Posted: July 26th, 2014 in Headlines | Read More »

Vehicle sales grew by 21% to 2,973 units in June—AVID

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FILE PHOTO

Local vehicle importers and distributors continued their “winning streak” in June as sales grew by 21 percent to 2,973 units, driven largely by the double digit growths posted by both the passenger car and light commercial vehicle segments.

Posted: July 17th, 2014 in Latest Business Stories | Read More »

Electronics accounted for 20% of import bill

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Semiconductor and electronic products were the country’s second-largest imports in April next to fuel and lubricants, accounting for $1.03 billion or 20 percent of the total import bill for the month, according to the Semiconductor and Electronics Industries in the Philippines Inc. (Seipi).

Posted: June 27th, 2014 in Headlines | Read More »

Imports growth slows to 3.1% in April

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import

Growth in goods imported by the country—a reliable forward-looking indicator for the economy’s performance—slowed in April, but officials remained confident of a recovery in the months ahead.

Posted: June 16th, 2014 in Headlines | Read More »

Imports jumped 9.6% to $5.4B in March

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import

The country’s imports rose by nearly a tenth in March, suggesting a recovery in exports and higher demand from consumers, which both point to a strong economic growth.

Posted: May 28th, 2014 in Editor's Pick,Headlines | Read More »

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