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
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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