Exports

THE Aquino administration plans to create nearly 10 million jobs by 2016 under the country’s three-year export development agenda, according to the Department of Trade and Industry (DTI). The Philippine Export Development Plan for 2011 to 2013 forecasts a doubling of Philippine exports to reach $120 billion by 2016.

President Aquino has approved a three-year export strategy for the country called the Philippine Export Development Plan (PEDP) 2011 to 2013 that was presented by the Department of Trade and Industry (DTI) after a series of consultations with the private sector and other stakeholders through the DTI’s Export Development Council (EDC).

THE EXPORT Development Council (EDC) is keeping an annual growth target of 10% for the country’s merchandise shipments up to at least 2013, relying on added demand boost from neighbors like China, government and industry officials said separately yesterday.

MANILA, Philippines –  The Philippine services sector has been growing dramatically over the past years, narrowing the employment gap while pushing export growth.

MANILA, Philippines – Merchandise exports rose by an annual 19.1 percent in April, their fastest growth rate this year, as shipments to Japan remained strong despite the natural and nuclear disasters there, the government announced yesterday.

MANILA, Philippines – Exports for the second half of the year are expected to skyrocket and could even exceed the target growth rate of 10 percent, the Department of Trade and Industry (DTI) said yesterday.

The Philippines will likely post a slightly lower export growth this year after shipments of a number of the country’s agricultural exports to Japan slowed down due to the disasters that struck the north Asian nation in March this year.

SALES abroad of Philippine-made goods in February grew at their slowest pace in over a year mostly because of weak demand for electronic products, the government reported Tuesday.

MERCHANDISE exports growth eased to single digits in February, a slowdown both government and industry officials said reflected a normalization from last year’s rebound.

THE public-private Export Development Council (EDC) is assessing the potential effect of the disasters in Japan to Philippine exports in the long-term, although officials said that the impact would likely be minimal.

MANILA, Philippines – The country is expected to hit its export targets despite of the work disruption in Japan and the crisis in the Middle East, the Philippine Exporters Confederation Inc. (Philexport) said.

MORE than a fourth of Japanese firms operating in the Philippines have suffered delays in production resulting in the cancellation of orders because of the disaster in Japan, according to the Japan External Trade Organization (Jetro).

MANILA, Philippines –  The country’s merchandise exports rose 11.8 percent to $4 billion in January from $3.579 billion in the same period last year, the National Statistics Office (NSO) reported yesterday.

BUSINESSES’ shift to online processing of export documents, as required by the Bureau of Customs, has been slower than expected, requiring the postponement of the deadline for registration with this system.

MANILA, Philippines – The robust export performance in 2010 will result in more businesses and investments in the local export sector, the Department of Trade and Industry (DTI) said yesterday.

In creative industries MANILA, Philippines — The United Nations Conference on Trade and Development (UNCTAD) has called on the Philippines and other developing countries to vigorously pursue opportunities in creative export markets to enable them to reap benefits from the growing international trade in creative goods and services.

MANILA, Philippines – Exporters are assured that they will still receive tax breaks such as the income tax holiday (ITH) despite government moves to rationalize the fiscal incentives, the Board of Investments (BOI) said.

MANILA, Philippines –  Local exporters announced it is business as usual for them despite the expiration of the privileges enjoyed by the country under the US Generalized System of Preference (GSP).

MANILA, Philippines – Emerging from a tumultuous 2008 and 2009 when the Philippines was   battered by the global financial crisis, Filipinos expected 2010 to be a year of optimism and good prospects.  

PHILIPPINE economic managers expect exports next year to slow down because of a strong peso and weakening demand from the country’s major markets. “Exports is one of the things that we are trying to review and try to see on how to fix it, because as you know the prospects of the currency is that…

MANILA, Philippines – The Philippines expects its estimated $50-billion merchandise export figure this year to double by 2016, the Department of Trade and Industry (DTI) said yesterday.

MANILA, Philippines – Exporters have expressed optimism they would sustain in 2011 the export sector’s strong recovery posted this year, with revenues estimated at $50 billion by yearend.

EXPORTERS expect this year’s shipments to match pre-crisis levels with growth coming from nontraditional destinations. In a statement, Sergio Ortiz-Luis Jr., Philippine Exporters Confederation Inc. (Philexport) president, said exports by yearend would reach about $50 billion, up by 30 percent from $38.4 billion last year.

MANILA, Philippines –  The world’s leading food companies brag about their billion dollar brands. Nestle, the world’s leading food company, has 28 brands with sales of almost $1 billion a year. Nestle brands are either No.1 or No.2 in the market: Nescafe, Maggi, Kit Kat, Milo, Nido, Nesquik, Pure Life, Nespresso, and Purina.

THE country’s merchandise exports posted an all-time high with a growth of 46.1 percent in September 2010, according to the preliminary results of the Merchandise Export Performance released by the National Statistics Office (NSO) on Wednesday.

MANILA, Philippines – The country’s exports continued to surge, posting a double-digit growth of 46.1 percent to $5.314 billion in September – the highest in almost 30 years – as global recovery boosts demand for locally-made electronic products, the National Statistics Office (NSO) reported yesterday.

MANILA, Philippines – The electronics industry is expecting exports to hit $50 billion in six years and investments to reach $2 billion in 2011 from only $1 billion this year.

CEBU/DAVAO — Restless over prospects of more “hot money” weighing on the foreign exchange rate and forex-sensitive sectors of the economy, businessmen and exporters in the Visayas and Mindanao have resumed pressing policymakers to drop their wait-and-see stance and adopt active measures to shield the peso.

The Philippine export sector is poised to cut its three-year growth target, amid concern that last Wednesday’s decision by the Federal Reserve to flood the US market with more money would further spur the appreciation of Asian currencies like the peso. In a press conference, Sergio Ortiz-Luis Jr., Philippine Exporters Confederation Inc. (Philexport) president, said…

MANILA, Philippines – The export sector is expecting a slower growth in the next three years due to the continued strengthening of the peso against the dollar.