[ad_1] The country’s trade gap narrowed by more than 50 percent year-on-year in October as both exports and imports fell, the Philippine Statistics Authority (PSA) reported on Thursday. Preliminary data from the state statistics agency showed that the balance of trade in goods in the 10th month reached a deficit …
Read More »The Philippines will be the worst country in Southeast Asia this year
[ad_1] The government expects consumer spending to recover before the Christmas holidays. – PHILIPPINE STAR / MICHAEL VARCAS THE PHILIPPINES is considered Post the worst economic performance in Southeast Asia this year, according to the Asian Development Bank (ADB), which cut its growth forecast again as household consumption and investment …
Read More »PH trade dropped in October
[ad_1] The country’s merchandise trade performance declined slightly in October 2020. Data from the Philippine Statistics Authority on Thursday, December 10, 2020, showed that the country’s trade performance reached $ 14.18 billion in October, down 12.8 percent from the same period in 2019. Exports reached 6.2 billion dollars in October, …
Read More »ADB cuts 2020 growth outlook to -8.5% – The Manila Times
[ad_1] The Asian Development Bank (ADB) on Thursday further lowered its growth projection for the Philippine economy this year as the country continues to fight to contain the 2019 coronavirus disease (Covid-19) pandemic, making it difficult to Recovery. In its 2020 Asian Development Outlook Update supplement, the Manila-based multilateral lender …
Read More »James Harden’s Potential Business Package Ranking
[ad_1] Los Angeles Lakers defend James Harden (Photo by Kevork Djansezian / Getty Images) NBA Trade Rumors: Ranking of Rumored Trade Packages for James Harden Less than two weeks before the official start of the 2020-21 NBA season and James Harden has yet to participate in a practice at the …
Read More »PH Targets China Vaccine – Manila Standard
[ad_1] The first COVID-19 vaccines to be used in the Philippines will come from China’s Sinovac Biotech, despite the company’s history of bribing Chinese regulators from 2002 to 2011, a Palace spokesman said Thursday. CURE COVID? This December 2, 2020, file photo shows a package of Coronavac (Sinovac) vaccine. The …
Read More »‘Marijuana is still dangerous’ – The Manila Times
[ad_1] CANNABIS, also known as marijuana, is still classified as a dangerous and illegal drug under Philippine law, government anti-drug agencies clarified Thursday. The Dangerous Drugs Board (DDB) and the Philippine Drug Enforcement Agency (PDEA) said the reclassification of cannabis or marijuana by the United Nations Commission on Narcotic Drugs …
Read More »Pandemic and Recession – Manila Standard Mobile
[ad_1] “Only when vaccination programs progress can we expect the expected rebound in Southeast Asia.” Southeast Asia, the most vibrant economic region in the world until COVID-19 hit, has completely reversed its growth pattern. After years of spectacular growth rates, the individual economies of Southeast Asian nations are contracting, and …
Read More »PAF acquires 6 Polish Blackhawks – The Manila Times
[ad_1] The Philippine Air Force is considering 16 more Sikorsky S70-i Blackhawk helicopters when it formally received the first six units acquired from Poland, Defense Secretary Delfin Lorenzana said Thursday. Defense Secretary Delfin Lorenzana inspects and boards one of the Blackhawk helicopters at Clark Air Base after the Philippine Air …
Read More »NEDA promotes reforms in the face of business ‘obstacles’, as exports contract 2.2% in October
[ad_1] It is necessary to IMPLEMENT reforms to “remove obstacles” to investments to boost the performance of the country’s foreign trade, according to the National Authority for Economy and Development (Neda). Data released by the Philippine Statistics Authority (PSA) on Thursday showed that exports contracted 2.2 percent in October 2020 …
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