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)
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
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
