Exports

BPO firms start feeling pinch of strong currency MANILA, Philippines—With the peso breaching the 42-to-a-dollar level, export growth may be halved over the next three years, forcing more companies in the sector to downsize and even close shop.

CEBU, Philippines – While the recovery of the export sector is still uncertain in the next few years, exporters from Cebu and the neighboring provinces are confident to post at least a double-digit growth in the next three years.

IN line with the new administration’s policy, the medium-term export plan will push the development of higher-value products and services, a Department of Trade and Industry (DTI) official said. Undersecretary Adrian Cristobal Jr. told a forum last week that the Philippine Export Development Plan (PEDP) 2011-2013 would focus on the value-added of the country’s export…

DAVAO CITY — The Philippines should start strengthening trade with other Asian countries other than its current markets, China and Japan, a central bank consultant said here early last week.

MANILA, Philippines – The government is proposing a revolving, self-sustaining fund for exporters to replace the P1-billion emergency export support fund that was released last year.

Local traders said the recent strong showing of local exports does not mean an overall recovery for the entire sector since the growth is not spread out.

MANILA, Philippines – While export prospects in many developed countries tend to sway from bleak to bleaker, those in emerging country markets are shining brighter than ever.

MANILA, Philippines – The country’s exporters are considering an upward revision of their export growth target for 2010 from 20 percent to at least 25 percent following the higher-than-expected growth in merchandise exports during the first half of the year.

MANILA, Philippines – Merchandise exports continued to post double-digit growth in June, although slower than the previous month’s rise.

MANILA, Philippines (UPDATE) – Merchandise exports continued to post double-digit growth in June, although slower than the previous month’s rise.

SALES abroad of Philippine-made goods soared in May due to strong shipments of electronic products—the country’s key export—but the industry warned of a softer market in the second half of the year. In a statement, the National Statistics Office on Tuesday reported that export earnings in May went up by 37.3 percent to $4.239 billion…

THE EXPORT Development Act must be amended to firm up funding for marketing programs and punish government agencies that impede the sector’s progress, Export Development Council (EDC) officials said.

DESPITE the robust growth in exports, the World Bank believes that the country’s export growth is still 5 percent below its level prior to the onslaught of the global economic crisis. World Bank Chief Economist Eric LeBorgne said Philippine exports have not yet fully recovered from the global financial crisis. He said it was natural…

EXPORT EARNINGS continued their double-digit rise in April at 27.4 percent year-on-year, reaching $3.573 billion, the National Statistics Office said Thursday.

Further adjustments likely following surprising Q1 GDP result EXPORT GROWTH TARGETS have been revised upwards on the back of strong orders and could be hiked further following the economy’s better-than-expected performance in the first quarter.

MANILA, Philippines – The Philippines may experience weaker demand for its products exported to Europe because of the weakening of the financial markets in the euro area but this is not expected to affect the economy in general, the Union Bank of Switzerland said in its latest report on Asia.

Exporters want the incoming administration to put in place an annual export fund and amend the mandate of the Philippine central bank to help the sector.

MANILA, Philippines – The government is set to release an additional P100 million for exporters after the government realigned the initial P1-billion export fund for calamity relief.

SALES abroad of Philippine-made goods grew at the fastest pace on record in March, with the quick recovery of electronics raising the possibility of an upgrade in the industry’s forecast. The National Statistics Office (NSO) on Wednesday said merchandise exports in March jumped 43.7 percent to $4.176 billion from $2.907 billion last year.

MANILA, Philippines – The country’s export earnings rose to a record high of 43.7 percent to $4.18 billion in March as the global recovery spurred demand for locally-made electronics goods.

Palace order expanding power subsidy outside ecozones being drafted EXPORTERS ARE SEEKING subsidized power costs for those operating outside economic zones, officials of a private-public sector group said.

MANILA, Philippines – Forest-based furniture exporters expect revenue losses due to dry spell brought about by El Niño and climate change towards the latter part of 2010.

AMID the scramble to get a piece of the Export Support Fund (ESF), the government on Thursday said the promised state aid for exporters no longer exists.

DESPITE improving official export figures, the small and medium enterprise (SME) sub-sector is bucking a plan to cancel the release of money meant to help them tide over the global financial crisis and realign this amount to the government’s El Niño Calamity Fund. The Philippine Exporters Confederation Inc. (Philexport) said its Cebu chapter submitted a…

EXPORT growth held near a 14-year high in February as the global economic recovery boosted demand for the Philippines’ electronics goods, the government said Tuesday.

MANILA, Philippines – The export sector is expected to sustain its recovery this year and in 2011 along with the continued recovery in the global economy, according to government estimates.

THE Export Development Council (EDC) will recommend the removal of the mandatory export requirement so that micro, small and medium enterprises (MSMEs) could also avail of perks granted to businesses that ship their products abroad.

EXPORTERS are bracing for a quicker recovery than earlier expected, with demand returning to pre-crisis levels in the first month of the year. Sergio Ortiz Luis, Philippine Exporters Confederation Inc. president, on Wednesday said they expect revenues to match pre-crisis levels by the end of this year.

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) urged exporters to hedge their dollar inflows against the fluctuations of foreign exchange rates in order to boost their competitiveness and survive in the global market.

MANILA, Philippines – Exporters expressed dismay yesterday over the plan of the government to issue bonds specifically for overseas Filipino workers (OFWs).