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Mars rover data confirms ancient lake sediments on red planet
LOS ANGELES — NASA’s rover Perseverance has gathered data confirming the existence of ancient lake sediments deposited by water that once filled a giant basin on Mars called Jerezo Crater, according to a study published on Friday. The findings from ground-penetrating radar observations conducted by the robotic rover substantiate previous orbital imagery and other data.....»»
Data centers: Phl’s new investment magnet
When we opened the new year, the country celebrated significant gains in foreign direct investment in 2023 and recognized the imperative to fortify its appeal to global investors. In a statement by Philippine Economic Zone Authority director general Tereso Panga, it was highlighted that the country was able to surpass our conservative 10 percent growth target this year, with investment approvals.....»»
Trade deficit narrows in January
The Philippines posted a smaller trade deficit of $4.22 billion in January as exports picked up, preliminary data from the Philippine Statistics Authority showed......»»
US set to overtake China as Germany s top trade partner - data
Berlin has been exporting less to the Asian country in recent years, statistics have shown The US is on track to surpass China as Germany's leading trade partner as soon as next year, Reuters reported this week, citing the German Chamber of Industry and Commerce (DIHK). China has held the top spot for the past seven y.....»»
Gov’t debt stock rose to P14.79 trillion as of Jan
MANILA, Philippines — The government’s outstanding debt rose in January due to a weak peso and after the Marcos administration borrowed more from local creditors than what it paid for its maturing liabilities, the Bureau of the Treasury (BTr) reported Friday. Data showed state obligations increased 1.9 percent month-on-month to P14.79 trillion as of January. ALSO READ:.....»»
Debt balloons to P14.8 trillion
The issuance of domestic securities and the weakening of the peso pushed the country’s outstanding debt to a fresh high of P14.79 trillion in January, latest data from the Bureau of the Treasury showed......»»
EDITORIAL - Foreign trade barriers
Instead of declaring war on pollster Pulse Asia over its latest survey showing 88 percent of Filipinos opposing Charter change, congressmen can read the report of the office of the US Trade Representative, which details foreign trade barriers in 59 markets including the Philippines......»»
‘Trade with China should continue’
The Philippines should continue to pursue stronger trade ties with China despite rising tensions in the West Philippine Sea, according to the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. and the Department of Trade and Industry......»»
NZ-EU FTA gains Royal Assent for 1 May entry to force
The European Union Free Trade Agreement Legislation Amendment Bill received Royal Assent today, completing the process for New Zealand's ratification of its free trade agreement with the European Union. "I am pleased to announce that today, in a small ceremony at the Beehive, New Zealand notified the European Union of our ratification of the New Zealand European Union Free Trade Agreement (NZ-EUFTA)......»»
Malaysia holds historic biz market footprint in city
CONSIDERING the business climate and unique geographic position of Davao City, the Malaysia External Trade Development Corporation (Matrade) under the trade promotion agency of the Ministry of Investment, Trade and Industry (MITI) has set a historic business market footprint in the city through the Market Immersion Mission, making Davao one of their smart cities in the country, alongside the Philippine’s capital region, Manila......»»
British chamber remains optimistic on UK-Philippines trade growth
With the total trade in goods and services reaching an all-time high of £3.0 billion, BCCP Executive Director/Trustee Chris Nelson expressed optimism on the positive growth trajectory of the UK and the Philippines’ bilateral trade......»»
BOC creates body to solve trade woes
The Bureau of Customs has established an advisory council that aims to address trade bottlenecks and enhance trade facilitation among importers and business groups amid a changing global environment......»»
French Farmers Protest Unfair Competition in EU Free-Trade Agreements
French Farmers Protest Against Unfair Trade Agreements Imposed by EU French farming unions have taken to the streets to protest against free-trade agreements imposed by.....»»
Trade deficit narrows to $4 billion in December
The country’s trade deficit narrowed in December as both exports and imports declined, bringing the full-year 2023 trade gap to $52.42 billion, down from the previous year’s shortfall of $57.65 billion, the Philippine Statistics Authority said......»»
Philippines eyes $3.82 million sales from German trade fair
The Philippines is targeting to generate $3.82 million in sales from its participation in an international consumer goods trade fair in Germany, according to the export promotions arm of the Department of Trade and Industry......»»
Packaging trade show to support MSME development efforts – DTI
The Regional Operations Group of the Department of Trade and Industry expressed support for the upcoming ProPak Philippines trade show, emphasizing its potential to offer opportunities for innovation and improvement in product processing and packaging to micro, small and medium enterprises......»»
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.....»»
Peso may outperform peer currencies this year
The peso is seen outperforming other currencies in the region this year, but is not likely to strengthen against the dollar due to expectations of delayed rate cuts and the Philippines’ trade deficit, according to British banking giant HSBC......»»
Stocks to take cue from data releases
Investors will seek direction on upcoming economic data in a bid to get the stock market out of its recent slump......»»
DICT: Customs data breach contained
The data breach of the Bureau of Customs systems has been contained and defense of the agency’s database is ongoing, according to the Department of Information and Communications Technology......»»