By Paolo G. Montecillo
Rampant smuggling in the economy may be hiding weaknesses in the country’s current account surplus, which economic managers have repeatedly cited as one of the domestic economy’s main shields from turbulent market conditions abroad.
By Ronnel W. Domingo
Imports surged 13.2 percent in December to $5.25 billion, revving up from the 2.3-percent growth the previous month and reversing the 6.4-percent contraction in December 2011, the National Statistics Office (NSO) reported Tuesday.
By Riza T. Olchondra
The National Statistics Office reported Friday that imports fell 3.3 percent to $5.371 billion in March from $5.553 billion during the same month last year.