MANILA, Philippines (Xinhua) – Import bill in June declined to a four-month low of 4.8 percent on year to $4.86 billion on back of a huge drop in electronics imports, the National Statistics Office (NSO) said today.
Payment for electronics, which account for over 20 percent of total import bill, fell 24.8 percent on year to $1.096 billion. Volume of shipment of this product also went down by 7.3 percent compared to June 2012. The Philippine semiconductor industry uses these inputs to produce and export products. The weak global demand for electronics likewise slowed the country’s import of electronics.
The import of transport equipment, cereals, telecommunication equipment and electrical machinery, iron and steel and plastic likewise declined.
Most of the country’s imports were sourced from China, Japan, US and Singapore.
Total imports for the first half of the year declined 3.8 percent on year to $29.62 billion.
The trade deficit in June narrowed to $370 million compared with last year’s $789 million deficit. –(philstar.com)
August 12 –
International Youth Day
“Empowering youth,
building generations!”
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!
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August –
Aug 1-7 World breastfeeding week
Aug 9 – International Day of the World’s Indigenous Peoples
Aug 12 – International youth day
Aug 19 – World humanitarian day
Aug 23 – International Day for the Remembrance of the Slave Trade and Its Abolition
Monthly Observances:
Farms Safety Month
Breastfeeding Awareness Month
Weekly Observances:
Aug 17-23: Made in the Philippines
Product Week
Aug 29-Sept 5: Rice and Corn Week
Daily Observances:
Aug 1: Family Planning Day
Aug 9: National Indigenous Peoples Day
Aug 12: International Humanitarian Law Day
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