Exports

MANILA, Philippines – A task force composed of major stakeholders and key players in the furniture export industry is needed to craft and implement a five-year sustainable strategic marketing plan meant not only to promote local products abroad but also market the country as a preferred investment site.

PHILIPPINE exports in December rose at its fastest pace in nearly four years, but the full-year figure was the worst contraction on record.

MANILA, Philippines – Export industry leaders are bullish the battered sector is going to stage a recovery this year. Speaking before the first national meeting of the 3,000 strong Philippine Exporters Confederation Inc. (Philexport), newly elected president of the umbrella organization of exporters Sergio R. Ortiz-Luis said “the year of the Tiger is the year…

MANILA, Philippines – The local government is hopeful that the US Congress will pass a vital garments bill known as “Save Our Industries Act of 2009” during the first quarter of this year.

BUFFETED by a global economy in recession, Philippine exports retreated to their lowest ebb of two-digit below zero growth in the first nine-straight months of 2009.

A YEAR’S holding of breath is expected by exporters before the sector reaches its precrisis levels, industrialist Sergio Luiz Ortiz Jr. said.

A STRONG peso risks undermining the recovery of the Philippine export sector, which has yet to bounce back from a global slump, according to pundits. Last week, the government announced that the country’s gross domestic product (GDP) hardly grew at 0.8 percent in the third quarter. Worse, second-quarter GDP growth was recast downward to 0.8…

Export receipts dived 18.3 percent from a year earlier to $3.63 billion in September to mark the 11 straight months of double-digit contraction as sales of electronics products remained weak, government data released yesterday showed.

PHILIPPINE EXPORTS ARE FINALLY rebounding on a year-on-year basis, with the fourth-quarter shipment seen growing by 1.8 percent amid signs of recovery in the global electronics market, according to DBS Bank.

EXPORTERS are shifting their focus to Asian markets as the US, Japan and Europe took a hit from the global financial crisis, an official of the Philippine Exporters Confederation (Philexport) said.“With recession hitting three of our top markets—US, Japan and Europe—we shifted marketing promotions to fast-growing Asia, particularly India and China,” Aniano Bagabaldo, Philexport executive…

SALES of electronics and other commodities picked up amid improving global demand in June, slowing a steady decline in exports.

MANILA, Philippines—The value of Philippine merchandise exports continued to decline in June by 24.7 percent year-on-year to $3.41 billion as shipments of electronics slumped.

MANILA, Philippines – Agriculture exports are expected to increase to $4.5 billion this year from $3.8 billion last year, Agriculture Assistant Secretary Salvador Salacup said yesterday.

MANILA, Philippines – Exports are expected to decrease by up to 30 percent this year as consumer demand from the Philippines’ major markets are projected to drop further, an economist said yesterday.

MANILA, Philippines – Exporters remain hopeful the market will post positive growth towards the end of 2009 as the industry is expected to recover from the impact of the global financial crisis, but average growth for the year will remain at the negative territory with an eight percent contraction. 

Philippine exports continued to decline for the sixth consecutive month, because of weak shipments of electronic products, the National Statistics Office reported Tuesday.

MANILA, Philippines—The Philippines and the rest of Asia may reel longer than expected from anemic exports as demand from the United States and other advanced economies may not immediately respond to pump-priming initiatives, the International Monetary Fund said.

THE Department of Trade and Industry (DTI) said exporters have been suffering from a trade-financing crunch amid the current global economic crisis.

NUSA DUA, Indonesia – Asian countries must boost domestic consumption and end their dependence on exports as external demand plunges amid the world economic slump, the Asian Development Bank chief said Sunday.   

MANILA, Philippines – President Arroyo ordered yesterday the release of P1 billion next month to help the country’s export industries survive the global economic crisis.

THE Philippines cranked up spending on infrastructure projects to stimulate economic growth, data from the Department of Budget and Management (DBM) showed.

The government is now looking at a bigger drop in exports and imports as well as a weaker foreign exchange rate amid the global recession.

MANILA, Philippines (Reuters) — Exports may recover in the second half of the year as global demand picks up, which could limit job losses to half the 200,000 expected earlier, a senior government official said on Thursday.

EXPORTS fell the most in 28 years in January, deepening the Philippines’ economic slowdown as demand for Asia’s electronics and other goods plunge amid a global recession.

MANILA, Philippines – The government is set to revise downward the economic growth forecast for the year given the global economic recession, Socioeconomic Planning Secretary Ralph Recto said yesterday.

MANILA, Philippines – The country’s economic growth is set to slow sharply this year as the economy faces “strong head winds” from falling global demand and a drop in remittances from Filipinos working abroad, the International Monetary Fund (IMF) said yesterday.

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.

Philippine exports could still be spared from contraction this year and manage a flat growth if companies tap other markets, Socioeconomic Planning Secretary Ralph Recto said yesterday.

The country’s export earnings tumbled 11.9 percent to $3.494 billion last November, the lowest level in 34 months, as the global economic crisis cut orders for Philippine shipments of electronics and other major products.