Merchandise imports in the first quarter of 2013 contracted as lower inbound shipments in March extended the contraction since January this year, indicating slow factory and exports growth for the period amid a weak global economy.
Farmers’ groups have long complained about smuggling that has been very detrimental to their livelihood. Quick actions are imperative.
The peso inched up on Wednesday as reports of growing Chinese exports and imports lifted outlook on emerging economies.
All importers of “branded, high-end cars”—not only PGA Cars Inc.—are undergoing an audit of the declared value of their imported units, according to the Bureau of Customs (BOC).
The National Food Authority (NFA) is set to source 187,000 metric tons of rice from Vietnam.
The country’s merchandise imports fell 5.8 percent to $4.71 billion last February from $5 billion in the same month last year, the National Statistics Office reported yesterday. This was the second consecutive monthly drop after the 8-percent contraction in January. Total imports for the first two months of 2013 declined by 6.9 percent to [...]
A key solution to the smuggling problems today is to have a structure that has already proven successful in the past. This is the Task Force on Anti-smuggling created through EO 385 on Nov. 16, 2004.
The government is set to raise its 2013 projections for foreign direct investments (FDIs), portfolio inflows, and the country’s merchandise imports due to the recent upgrade of the country’s credit rating.
The Bureau of Customs must step up collaboration with counterparts from other countries to reconcile the disparities between records in the traffic of goods, according to Finance Secretary Cesar V. Purisima.
The country’s imports in October climbed 4.3 percent from a year earlier, the fastest rise in four months, but there was no sign of a major rebound in trade with overall external demand remaining weak.
Imports recovered in September, amid the seasonal surge in consumer goods production to serve demand for the year-end holidays.
The country’s annual imports in August eased for a second straight month as weaker shipments of industrial machinery and transport and telecommunications equipment point to a possible slowdown in the third quarter, supporting the Bangko Sentral ng Pilipinas’ decision to cut rates on Thursday.
