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Trade deficit widens in March

THE country’s trade deficit widened to $3.14 billion in March from $2.34 billion a year ago as imports increased while exports contracted, the Philippine Statistics Authority (PSA) reported on Wednesday….READ The post Trade deficit widens in March appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsMay 8th, 2019

Trade gap widens in March

The country’s trade deficit in goods widened in March as exports declined while imports registered faster growth, the government reported this morning. Preliminary data released by the Philippine Statistics Authority showed the March trade deficit at $3.138 billion, higher than the $2.744 billion deficit in February and the $2.340 billion in the same month last […].....»»

Category: financeSource:  bworldonlineRelated NewsMay 8th, 2019

11-month trade deficit widens to a record $22.4b

11-month trade deficit widens to a record $22.4b.....»»

Category: financeSource:  thestandardRelated NewsJan 10th, 2017

Trade gap widens 93% in August

MANILA, Philippines – The country’s trade deficit widened 93 percent to $2.023 billion in August from $1.048 billion in the same period last year as exports.....»»

Category: financeSource:  philstarRelated NewsOct 11th, 2016

June imports slow but deficit widens

Philippine imports in June 2016 slowed from previous June and the previous month, but trade deficit continued to widen, data from the Philippine Statistics Authority showed on Thursday. Inbound shipments in June grew 15.4 percent to $6.85 billion from $5......»»

Category: newsSource:  manilatimes_netRelated NewsAug 25th, 2016

U.S. slaps $5 billion fine, curbs on Facebook in privacy probe

WASHINGTON DC, USA – US regulators on Wednesday, July 24, slapped a record $5 billion fine on Facebook for privacy violations in a settlement requiring the world's biggest social network to "submit to new restrictions and a modified corporate structure." The Federal Trade Commission said the penalty was the largest ........»»

Category: newsSource:  rapplerRelated NewsJul 24th, 2019

Summer League winds down, and now, maybe, some NBA rest

By Tim Reynolds, Associated Press They'll hand out T-shirts to the Summer League winners following the championship game between Memphis and Minnesota in Las Vegas on Monday night (Tuesday, PHL time), and then things will finally slow down a bit in the NBA. Maybe. And probably not for long. It's been a hectic month since Toronto won the NBA championship and the so-called offseason commenced. Already this summer, 18 current and former All-Stars have changed franchises, and that number will rise to 19 if Vince Carter finds a new home for his final season. Recent NBA Finals MVPs Kawhi Leonard, Kevin Durant and Andre Iguodala all were among those on the move. And another three past finals MVPs — Dwyane Wade, Dirk Nowitzki and Tony Parker — all retired. So when next season begins, very little will look the same. "I think there's going to be a lot of parity," Brooklyn coach Kenny Atkinson said. "That's my gut." NBA Commissioner Adam Silver expected this summer to be loaded with player movement, and wasn't complaining about so many big names — Durant, Leonard, Chris Paul, Russell Westbrook, Anthony Davis, Paul George, Kyrie Irving, Al Horford, Jimmy Butler and many more — needing to file change-of-address cards. "At the end of the day, it's positive for the league," Silver said. "I will say, though, I'm mindful of this notion of balance of power, and I think it applies in many different ways. An appropriate balance of power between the teams and the players ... at the end of the day, you want to make sure you have a league where every team is in a position to compete." There were some clear winners in free agency: Brooklyn (who got Durant and Irving), the Los Angeles Clippers (who got George and Leonard) and the Los Angeles Lakers (who got Davis) were among them. It could be argued that the Oklahoma City Thunder won as well — no, they won't be as good this season as they were this past season after trading George and Westbrook, but general manager Sam Presti has enough draft picks now to enjoy flexibility for years. The losers are clear as well: Toronto lost Leonard and Danny Green and Golden State lost Durant, so last season's finalists certainly aren't favorites to be this season's finalists. It's also easy to say that New York lost after coming up empty on the big-name free agents, but the Knicks got plenty of good players on deals that ensure the team will have money again next summer. A lookahead at what's coming, and some notes on what's gone down: SO NOW WHAT? Any NBA withdrawal will really only last about three weeks, until roughly three dozen players return to Las Vegas for USA Basketball's training camp leading up to the FIBA World Cup in China that starts on Aug. 31. San Antonio's Gregg Popovich is coaching the Americans, assisted by Golden State's Steve Kerr, Atlanta's Lloyd Pearce and Villanova's Jay Wright. Zion Williamson, knee permitting, may take part in camp as one of the young players brought in to help the more-established pros get ready. If Williamson impresses, he may get a shot at joining the varsity club. Also, this season's NBA schedule is likely to come around the second week of August, if recent years are any indicator. WHO'S LEFT? Plenty of free agents remain unsigned, and that'll still be the case even in September as training camps get ready to open. It's still hard to see the Thunder keeping Paul, acquired in the Westbrook trade to Houston, so expect at least one more blockbuster trade before too long. Or can a player who is owed $121 million over the next three seasons be bought out? Stay tuned. Carter wants to come back for a 22nd NBA season, which would be a league record. If he gets into a game after Jan. 1, he'll also become the first NBA player to appear in four different decades. Jamal Crawford remains out there as well, and contenders should be calling him. LOADED WEST Philadelphia, Boston, Brooklyn, Indiana and Miami all likely got better in the East. Milwaukee kept most of its team that won an NBA-best 60 games. The East will be good. The West might be bloody. The Clippers, the Lakers, Houston, Golden State, Denver, Utah, Portland and San Antonio could end up as the eight playoff teams in the Western Conference. It's plausible; they're probably the most realistic eight picks right now. But at least four of those teams — most of them with superstar duos that are all the rage now — won't be in the second round of next season's playoffs. LONGEVITY AWARD For now, Golden State's Stephen Curry is the longest-tenured player under contract to one team. He's entering his 11th season with the Warriors. With Nowitzki (21 seasons with Dallas) retired, Mike Conley (12 seasons with Memphis) traded to Utah and Westbrook (11 seasons with Oklahoma City) traded to Houston, no current player has had a longer uninterrupted run with one team than Curry. But if Udonis Haslem re-signs with Miami, it'll be his 17th season with the Heat. THE NUMBERS Including the $196 million extension for Portland's Damian Lillard, a $170 million extension for Denver's Jamal Murray and another in-the-works $170 million extension for Philadelphia's Ben Simmons, NBA teams have committed to spend roughly $4 billion in new deals that were struck in the last three weeks alone. And that's with 100 more signings to come, at least. That $4 billion figure is twice what the total payroll was a decade ago for every team in the league, combined......»»

Category: sportsSource:  abscbnRelated NewsJul 15th, 2019

Expect narrower trade gap, stronger peso — PNB

The country’s trade deficit may narrow to $42.1 billion this year, or 3.2 percent lower than last year’s $43.5 billion, according to Philippine National Bank......»»

Category: financeSource:  philstarRelated NewsJul 13th, 2019

Trade deficit narrows in May

The country’s trade deficit narrowed to $3.28 billion in May as exports rose and imports of goods crucial to production declined, the Philippine Statistics Authority (PSA) said yesterday......»»

Category: financeSource:  philstarRelated NewsJul 10th, 2019

PH moves to narrow $5.5-billion trade deficit with Indonesia

PH moves to narrow $5.5-billion trade deficit with Indonesia.....»»

Category: financeSource:  thestandardRelated NewsJun 24th, 2019

Agriculture trade deficit widens in Q1

THE trade deficit in agriculture commodities widened in the first quarter, the Philippine Statistics Authority (PSA) said......»»

Category: newsSource:  bworldonlineRelated NewsJun 21st, 2019

CA deficit swells in Q1; BSP sees record $10 B gap

The Bangko Sentral ng Pilipinas (BSP) now expects a record current account (CA) deficit of $10.1 billion this year, or 27.8 percent wider than the $7.9 billion shortfall recorded last year, as the gap swelled in the first quarter......»»

Category: financeSource:  philstarRelated NewsJun 15th, 2019

Trade deficit down slightly in April

THE country’s trade went down to $3.50 billion in April from $3.70 billion a year ago as exports slightly went up while imports contracted, , the Philippine Statistics Authority (PSA)…READ The post Trade deficit down slightly in April appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 11th, 2019

Gatecrasher Tottenham takes on storied Liverpool in CL final

By Rob Harris, Associated Press MADRID (AP) — Familiar territory for Liverpool. So very unfamiliar for Tottenham. The second all-English Champions League final in history pits one of Europe's most successful clubs against a side unexpectedly gatecrashing the continent's elite. After losing last year's final to Real Madrid, Juergen Klopp's Liverpool has another shot at lifting the European Cup for a sixth time on Saturday. Tottenham doesn't get its hands on trophies often. The north London club is contesting a Champions League final for the first time, the culmination of an improbable run that has shaken the soccer establishment. "It is something that we have changed at the club," Tottenham playmaker Christian Eriksen said. "How people look at the club. How people think about us players at Spurs." Much has been made of Liverpool's 29-year domestic title drought — that came within a couple of points of ending three weeks ago — but Tottenham's stretches back exactly twice as long to 1961. Despite that, the club has made an unexpected march to the biggest game in club soccer without anything near the kind of lavish spending that clubs like Manchester City and Paris Saint-Germain have thrown — unsuccessfully — toward the same pursuit. Manager Mauricio Pochettino hasn't even been able to sign a single player in the last two transfer windows — a first for a Premier League club — because of a frugal environment brought on by the club's recently completed $1 billion-plus new stadium. And yet he has just celebrated a fourth consecutive top-four finish in the Premier League by seeing off bigger spending rivals Arsenal and Manchester United. Qualifying for the Champions League is seen as an achievement alone for a club which has only reached four second-tier European finals, mostly recently winning the now-defunct UEFA Cup in 1984. Since Pochettino took charge in 2014, Tottenham's net spend on transfers is estimated to be less than 30 million pounds ($38 million). That is around a sixth of Liverpool's net spend over the last five years. "You can either take it that the manager has got full confidence in what he's worked with in the last two years, that he believes in you and doesn't want to bring in anyone to challenge for your position," Tottenham defender Danny Rose said before flying to Madrid. "Or you can take it that nobody wants to join Tottenham, the club hasn't been able to provide the funds to buy anyone." That's not the accusation leveled at Liverpool owner John Henry, who also runs the Boston Red Sox in MLB. Klopp's answer to losing last season's final was jettisoning blundering goalkeeper Loris Karius and — briefly — breaking the goalkeeping transfer record to sign Alisson Becker from Roma for $85 million. That final in Kiev was agony for Mohamed Salah, who was forced off in the opening half hour with a shoulder injury before Liverpool lost 3-1. The striker has struggled to live up to the 44 goals he scored last season, with a haul of 26 in all competitions in a front three alongside Sadio Mane and Roberto Firmino. Now the target is preventing Liverpool falling to a third Champions League final loss since the club's last victory in 2005. "Everything feels better this time around," Salah said, "and we have more experience than the last time." That experience pushed Manchester City to the final day in the Premier League title race and amassed 97 points that would usually be enough to secure the crown. "If there was a prize for the biggest development in the last 12 months then it's going to the Reds, that's how it is," Klopp said. "The boys did a really amazing job, but we get that it's about winning competitions." Pochettino faces the same jibes as Klopp about his inability to land a trophy. Although Klopp did win the Bundesliga twice at Borussia Dortmund before joining Liverpool in 2015 — but also lost a Champions League final with Dortmund and a Europa League final with Liverpool. Pochettino, a former Argentina defender, is now in his third managerial role after Espanyol and Southampton, and still awaiting a winner's medal. Winning the biggest prize in Europe wouldn't be bad place to start for a manager so often linked with moves to bigger clubs. "We can provide our fans and our people and our family, of course, the best happiness in football that you can provide," Pochettino said. "I think today to talk about individual thing is a little bit embarrassing and ashamed because you know I think I am not important." But Pochettino has taken much of the credit for steering Tottenham to the final after collecting only one point from the opening three group stage games. Progress to the round of 16 was only secured thanks to a late equalizer by Lucas Moura at Barcelona in the group finale. Even after Harry Kane limped out of the quarterfinals first leg against Manchester City, Tottenham found a way to cope without its leading striker. Fernando Llorente's goal — and a favorable stoppage-time VAR denial of Raheem Sterling's strike — clinched a frenzied aggregate win at City. In the semifinals, Moura scored with almost the final kick of the second leg to complete a hat trick and overturn a 3-0 aggregate deficit. If Kane recovers from his ankle injury, Moura is likely to return to the bench. "No one expected us to be here at start of competition," Rose said. "No one expected us to be here after the quarters or the semis." Liverpool also pulled off an improbable semifinal result to see off Barcelona by recovering from 3-0 down. And form is on Klopp's side heading into Saturday's game at the Atletico Madrid stadium. Although Tottenham only finished two places below Liverpool in fourth, there was a 26-point gap between the sides and the north London club lost both league encounters 2-1. "It's not that we were five levels above them," Klopp said. "But that's how a final actually should be.".....»»

Category: sportsSource:  abscbnRelated NewsMay 31st, 2019

Trade gap widens anew as exports shrink

The country’s trade deficit widened anew in March, after briefly narrowing in February as imports resumed their uptrend, while exports extended their decline, the Philippine Statistics Authority (PSA) reported yesterday......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2019

Goods trade up 10.5% amid large deficit with top partner China; electronics still top export

INTERNATIONAL trade in goods in 2018 totaled $182.15, up 10.5%, the Philippine Statistics Authority (PSA) said, with China, the top trading partner, accounting for 16.9% of total trade while enjoying a large surplus vis-a-vis the Philippines with exports of $22.01 billion and imports of $8.82 billion......»»

Category: financeSource:  bworldonlineRelated NewsMay 6th, 2019

Nov trade deficit widens nearly 184% on-yr

Nov trade deficit widens nearly 184% on-yr.....»»

Category: newsSource:  manilatimes_netRelated NewsJan 10th, 2017

Trade gap widens 163% in November

MANILA, Philippines – The country’s trade deficit widened by 163 percent in November due to the steep growth in imports and contraction in exports, the Phili.....»»

Category: financeSource:  philstarRelated NewsJan 10th, 2017

PH Nov trade deficit widens as exports fall

PH Nov trade deficit widens as exports fall.....»»

Category: newsSource:  manilatimes_netRelated NewsJan 10th, 2017

Investments in Region 11 hit almost P8B as of 2016 3Q

DAVAO CITY (MindaNews/03 January) – Investments in Davao Region reached P7.684 billion as of third quarter of 2016, records from the Department of Trade and Industry (DTI) 11 showed. The third quarter investments in 2016 already surpassed by 38.7 percent the entire 2015 record of P4.708 billion. DTI 11 reported that of these investments, Davao [&'].....»»

Category: newsSource:  mindanewsRelated NewsJan 3rd, 2017