Imports

MANILA, Philippines – The previous administration’s policy of heavily relying on imports to fill in demand has led to a serious fallout in local food manufacturing, a top executive of a leading food processor said.

IMPORTS continued to grow in May as manufacturers cranked up production to meet the surging global demand for electronic products, data showed Tuesday.

MANILA, Philippines – The Alliance of Vehicle Importers and Distributors (AVID) is asking President Aquino to recall one of last Executive Orders signed by former President Arroyo because the Comprehensive Motor Vehicle Development Plan (CMVDP) was allegedly done in haste.

A MAKATI court has stopped the Finance Department, Internal Revenue and Customs from collecting duties on imported vehicles based on their book value instead of the transaction value under the Tax Code.

MANILA, Philippines – The country’s merchandise imports climbed by 38.9 percent to $4.543 billion in March from $3.270 billion in the same period last year as payments for electronics surged by 35.4 percent during the review period, the National Statistics Office (NSO) reported yesterday.

MANILA, Philippines – The country’s imports climbed 27.6 percent in February from a year earlier, slowing from January’s seven-year high growth of 31 percent, mainly due to lower purchases of oil and oil products, the National Statistics Office (NSO) reported yesterday.

MANILA, Philippines – The country’s imports surged by 17.9 percent to $3.89 billion in December 2009 from the same period in 2008, the National Statistics Office (NSO) reported yesterday

PHILIPPINE imports continued to slip for the eight consecutive month in May, but at a slower pace, as purchases of electronic products abroad slightly recovered, the National Statistics Office (NSO) said.

THE government said imports reached a seven-month high in May, signaling more raw materials are being produced for export in the coming months.

MANILA, Philippines – Opposition to the government’s extension of the zero tariff for cement has drawn support from industry, civil society, and the academe.

MANILA, Philippines—(UPDATE) Imports in March fell from a year earlier at a record pace, hit by weak demand for electronics parts largely used in export products, deflating optimism that global demand may be picking up.