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
May –
Anti-Graft and Corruption Awareness Month
“Corruption drains the nation
and victimizes workers who build the nation.
Accountability now!”
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
May 1 – Labor Day
May 2 – World Freedom Day
May 12 – World Communication Day
May 15 – International Day of Families
May 16 – International Day of Living
Together in Peace
May 21 – World Day for Cultural Diversity
for Dialogue and Development
Monthly Observances:
The Month of the Ocean
Anti-Graft and Corruption Awareness Month
Volunteerism Month
Weekly Observances:
Week 2: Safe Motherhood Week
Daily Observances:
May 1: Labor Day
May 7: Health Worker’s Day
May 31: National Fisherfolks Day
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