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NZ - UAE trade agreement consultation begins
Following a meeting with UAE Trade Minister Dr. Thani bin Ahmed Al Zeyoudi at the WTO Ministerial Conference in Abu Dhabi, Trade Minister Todd McClay has launched public consultation for a trade agreement between New Zealand and the United Arab Emirates (UAE). "The UAE is a top-20 export market for New Zealand, and our largest market in the Middle East, with exports increasing 17% i.....»»
New Delhi raises target for defense exports
India is set to increase production of aircraft engines and gas turbines, aiming to become a major player in the arms tradeThe Indian government has increased its annual target for defense and aerospace production to $36 billion, while raising the export target to $6 billion. Indian Defense Minister Rajnath Singh said the country aims to increase its production of jet engines and gas turbines to.....»»
Weak exports still biggest hurdle to Philippines expansion
The Philippine export sector remains the biggest drag to economic expansion as it takes a hit from the slowdown in major trading partners, according to a unit of Fitch Solutions......»»
Analysts paint rosier economic picture for 2024
The country’s strong economic growth is likely to be sustained this year on the back of rising exports and robust private consumption, according to the Department of Trade and Industry as well as private banks......»»
Cebu offers prospects for US agricultural exporters
Cebu offers strong opportunities for direct shipments of US agricultural exports, driven by the feed and food manufacturing, food service and food retail sectors, according to the United States Department of Agriculture......»»
IMF hikes Philippines 2024 growth target
The International Monetary Fund upgraded its 2024 economic growth forecast for the Philippines amid the stronger rebound in investments and exports......»»
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......»»
BrahMos supersonic cruise missile system exports to begin in next 10 days: DRDO chief
By Ajit DubeyNew Delhi [India], January 25 (ANI): India will begin the export of ground systems for the BrahMos supersonic cruise missile in the next 10 days while the missiles of the system would be sent by March this year, DRDO chairman Dr Samir V Kamat said on Thursday. The Defence Research and Development Organisation chairman, in an interview with ANI, said the first set of BrahMos missile systems is expected to reac.....»»
BrahMos supersonic cruise missile system exports to begin in next 10 days: DRDO chief
By Ajit DubeyNew Delhi [India], January 25 (ANI): India will begin the export of ground systems for the BrahMos supersonic cruise missile in the next 10 days while the missiles of the system would be sent by March this year, DRDO chairman Dr Samir V Kamat said on Thursday. The Defence Research and Development Organisation chairman, in an interview with ANI, said the first set of BrahMos missile systems is expected to reac.....»»
Trade gap expected to widen further
The Philippines’ trade deficit is expected to widen further this year amid weaker exports and stronger imports, according to Dutch financial giant ING......»»
Trade gap widens to $4.69 billion in November
The country’s trade deficit in November widened to a seven-month high as imports left negative territory, while exports continued to decline......»»
Nomura cuts Philippines inflation forecasts
Nomura Global Markets Research slashed its inflation forecasts for the Philippines in the next two years due to the reduction of import tariffs on rice to 15 percent from 35 percent......»»
Philippines unemployment rate up to 4 pct in April
MANILA, June 6 (Xinhua) -- The unemployment rate in the Philippines increased to 4 percent in April from 3.9 percent in March, the Philippine Statistics Authority (PSA) said Thursday. PSA head Dennis Mapa said at a press conference that there were 2.04 million jobless Filipinos in April this year. "This was lower than the estimated number of unemployed persons of 2.26 million in April 2023 and 2.15 millio.....»»
ACG: Cases of photo, video voyeurism up by 25 percent
Cases of photo and video voyeurism increased by nearly 26 percent this year, the Anti-Cybercrime Group (ACG) said yesterday......»»
Philippines unemployment rate up to 4 pct in April
MANILA, June 6 (Xinhua) -- The unemployment rate in the Philippines increased to 4 percent in April from 3.9 percent in March, the Philippine Statistics Authority (PSA) said Thursday. PSA head Dennis Mapa said at a press conference that there were 2.04 million jobless Filipinos in April this year. "This was lower than the estimated number of unemployed persons of 2.26 million in April 2023 and 2.15 millio.....»»
May 2024 inflation further accelerates to 3.9 percent
May 2024 inflation further accelerates to 3.9 percent.....»»
World Bank maintains GDP growth forecast for Philippines to 5.8 pct in 2024
MANILA, June 4 (Xinhua) -- The Philippine economy will accelerate to 5.8 percent this year, and to 5.9 percent in 2025, according to a forecast report released by the World Bank on Tuesday. Growth is expected to be driven by strong household consumption, sustained strength in the services sector, and improved trade stemming from a rebound in global demand for goods and the continued recovery of services, the Wor.....»»
EDITORIAL — More rice importation
With rice prices refusing to go down and even likely to further increase in the coming months, President Marcos will soon issue an executive order reducing the tariff on rice imports from 35 percent to just 15 percent until the end of his term in 2028. This comes on the heels of the final approval by the House of Representatives of a bill that seeks to restore the power of the National Food Authority to import rice during emergency situations......»»
World Bank maintains GDP growth forecast for Philippines to 5.8 pct in 2024
MANILA, June 4 (Xinhua) -- The Philippine economy will accelerate to 5.8 percent this year, and to 5.9 percent in 2025, according to a forecast report released by the World Bank on Tuesday. Growth is expected to be driven by strong household consumption, sustained strength in the services sector, and improved trade stemming from a rebound in global demand for goods and the continued recovery of services, the Wor.....»»
Native garlic to raise local sufficiency to 20 percent
The Department of Agriculture (DA) is raising the country’s self-sufficiency in garlic to 20 percent next year by expanding domestic output in the Ilocos region and other areas nationwide......»»