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Philippines external trade drops 2.1 pct in January
MANILA, March 12 (Xinhua) -- The Philippines' total external trade in goods declined 2.1 percent year-on-year in January to 16.09 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Tuesday. Of the total external trade in January, 63.1 percent were imported goods, while the rest were exported goods, the agency said. The PSA said trade deficit in January amounted to 4.22 billion dollars.....»»
Philippines total external trade drops by 5.4 pct in November
MANILA, Jan. 10 (Xinhua) -- The Philippines' total external trade in goods declined by 5.4 percent in November 2023 to 16.95 billion U.S. dollars from 17.92 billion dollars in November 2022, the Philippine Statistics Authority (PSA) said Wednesday. Of the total external trade in November 2023, 63.8 percent were imported goods, while the remaining were exported goods, the PSA said. The PSA said the balance.....»»
Chinese economy to moderate in 2024: ADB
Manila [Philippines], April 12 (ANI): The Chinese economy is forecast to grow 4.8 per cent in 2024, amid a recovery of household consumption, ongoing property market adjustment, and weak external demand, according to the latest report published by the Asian Development Bank (ADB). The growth in the Asian economy is projected to moderate from a 5.2 per cent expansion last year. An uncertain external macroeconomic environme.....»»
Coast guard ship visit highlights shared problems for PH, India — external affairs minister
The arrival of the Indian pollution control vessel in Manila brought attention to the shared challenges in marine pollution encountered by both India and the Philippines, according to India’s external affairs minister......»»
India’s external affairs minister to visit Philippines
India’s Minister of External Affairs Subrahmanyam Jaishankar will undertake his second visit to the Philippines from March 25 to 27, the Department of Foreign Affairs said......»»
Further improvement in Philippines external position seen
The Bangko Sentral ng Pilipinas (BSP) sees a further improvement in the country’s external payments position this year due to a likely higher balance of payments (BOP) surplus and a narrower current account (CA) deficit......»»
Remittances plummet to 9-month low in February
Money sent home by overseas Filipino workers went down to its lowest level in nine months in February amid global economic headwinds, data from the Bangko Sentral ng Pilipinasshowed......»»
CNPF net income up by 12 percent in 2023
Century Pacific Food Inc., the Po family’s listed food and beverage firm, overcame headwinds from inflationary environment last year to finish with a double-digit profit growth, driven by a strong performance of its branded business......»»
6-day, 680-kilometer run to help Negros Occidental kids with cancer ends
The group completes the five-leg run six days later after braving hot days, then rain and strong headwinds.....»»
Government sticks to 6.5-7.5 percent growth target for 2024
Despite global and domestic headwinds, the government is still aiming to attain a 6.5 to 7.5 percent economic growth for this year, according to National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan......»»
East Asia and Pacific to see moderate growth
The East Asia and the Pacific region is expected to have moderate growth this year amid headwinds from tight financial conditions and geopolitical rifts, according to a new report from the World Economic Forum......»»
Economy to expand at faster pace in 2024
The Philippine economy is expected to grow at a faster pace this year than in 2023 despite headwinds, but the growth will be below the government’s target, according to First Metro Investment Corp.......»»
World Bank downgrades Philippine GDP projections for 2024 and 2025
The World Bank downgraded its GDP projections for the Philippines in 2024 and 2025 due to “various headwinds facing private investment”, like the effects of higher interest rates and “rising indebtedness.”.....»»
BSP to be more cautious on lowering rates – S& P
The Bangko Sentral ng Pilipinas, along with other emerging market central banks, would be more cautious about cutting borrowing costs this year amid external risks, according to S&P Global Ratings......»»
Newly-established airline to serve BARMM air routes
A new airline will start operating in the Bangsamoro region on April 24, which is poised to stimulate economic activity and attract external investors to explore viable business opportunities in the area......»»
India s responsibility to look at such situations in neighbourhood: Jaishankar on Red Sea tensions
Ahmedabad (Gujarat) [India], April 2 (ANI): External Affairs Minister S Jaishankar said that two things are currently happening in the Red Sea, which includes attacks on ships through drones and missiles as well as pirates of Somalia taking over the ship. Jaishankar stated that it is the responsibility of India to look at such situations in the neighbourhood and how to tackle them in cooperation with other nations. While.....»»
EAM Jaishankar visits Indian Coast Guard Ship Samudra Paheredar in Manila
Manila [Philippines], March 27 (ANI): External Affairs Minister S Jaishankar visited Indian Coast Guard Ship Samudra Paheredar on Tuesday during its port call to Manila and said that India's Act East policy and Indo-Pacific vision will continue to give it a more contemporary form. He presented his remarks at the Indian Coast Guard Ship Samudra Paheredar on Tuesday and said that his visit and the ship's presence signify th.....»»
'India, Russia have taken extra care to look after each other s interests': EAM Jaishankar
Singapore, March 25 (ANI): External Affairs Minister S. Jaishankar on Sunday stressed that Russia is a country with which India has always had a positive relationship. While addressing the members of the Indian Community in Singapore, Jaishankar said that both countries have taken extra care to look after each other's interests. "I will ask myself...Has Russia helped us or harmed us?...Are there gains to be made from Russ.....»»
Jaishankar calls on Singapore PM Lee Hsien Loong, values his perspective on current state of world
Singapore, March 25 (ANI): External Affairs Minister S Jaishankar called on Singapore Prime Minister Lee Hsien Loong on Monday and conveyed the greetings of Prime Minister Narendra Modi. Jaishankar valued Lee Hsien Loong's perspectives on the current state of the world. In a post on X, Jaishankar stated, "Honoured to call on Prime Minister @leehsienloongat The Istana. Conveyed the personal greetings of PM @narendramodi. V.....»»
EAM Jaishankar, Singapore PM exchange views on deepening engagement in fintech, digitalization, green economy
New Delhi [India], March 26 (ANI): External Affairs Minister S Jaishankar and Singapore Prime Minister Lee Hsien Loong exchanged views on deepening engagement in fintech, digitalization, the green economy, skills development and food security. EAM Jaishankar concluded his visit to Singapore on March 25. He was on an official visit to Singapore from March 23-25, the first leg of his visit to Singapore, Philippines and Mala.....»»