MANILA, Philippines (Xinhua) — The Philippine export revenue declined by 40.4 percent in December 2008, providing evidence of a worse-than-expected impact of the global economic crisis on the country’s trade sector, the government data showed today.
The drop in December was far worse than the 17.2 percent dip in November, as demands shrank around the globe in a worsening financial turmoil, the National Statistics Office said.
The government said receipts from merchandise exports in the whole year of 2008 also contracted 2.9 percent to 49.023 billion US dollars from 50.466 billion dollars registered in 2007.
Electronic products, the main export item that accounts for half of the trade earnings, fell 47.6 percent in December from a year earlier, statistics showed.
Apparel and clothing accessories, coconut oil, two other major Philippine exports, also witnessed the declines in revenue of 11.4 percent and 28.9 percent respectively in December last year.– Rica D. Delfinado, Philippine Star
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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