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MANILA —The Philippines experienced its smallest trade deficit in December 2023 in four months, as exports saw a slight decrease and imports turned negative. The country’s trade balance shifted to a $4.01 billion deficit, marking an 11…
The Philippines for the first time exported durian to China, fulfilling a deal signed by Manila and Beijing in January, Malacañang announced on Saturday. The Presidential Communications Office (PCO) said a total of 63.2 metric tons of…
BANTAYAN ISLAND, Philippines — The coronavirus crisis has adversely affected nearly all sectors in Cebu, both small and large-scale. But in the sleepy town of Madridejos, located approximately 140 kilometers northwest of Cebu City, fisherfolks are still…
JAPAN–Japan resolved on Friday to remove South Korea from a “whitelist” of 27 countries that receive preferential trade treatment. Japanese Prime Minister Shinzo Abe convened a Cabinet meeting the same day to decide whether to revise…
SHENZHEN, China — The chairman of Huawei said the Chinese tech giant has yet to see any benefit from President Donald Trump’s promise to allow U.S. companies to sell some components to the company and called on…
The furniture export industry has been facing a slow decline in the past decade, but the local market is getting stronger. This was the view of Jim Cassels, marketing manager of Furniture City, who has been in…
GERMAN Chancellor Angela Merkel said Sunday that Berlin would not export arms to Saudi Arabia for now in the wake of dissident journalist Jamal Khashoggi’s violent death. “I agree with all those who say when it comes…
Amid a continuing depreciation of the peso versus the dollar, the local exporting industry is supposedly seen to benefit. However, local business leaders have noted that despite the opportunity for exporting to flourish with the depreciation of…
The Philippines’ warmer relation with China has gotten export players in Cebu more bullish for what’s in store for the industry in 2018. Federico Escalona, executive director at the Philippine Exporters Confederation, Inc. (Philexport) in Cebu, said…
The demand for industrial space and facilities in Cebu was seen to be sustained by the continued dynamism of the local export sector, according to property management and research firm Colliers Philippines. Colliers, in a report…
PROPOSED TAX REFORM PROGRAM Can business leaders in the export and the information technology-business process management (IT-BPM) industries prevent the Train (Tax Reform for Acceleration and Inclusion) bill passed by the House of Representatives from removing their…
Entrepreneurs told to avail of DTI program to help them export their products More start-up businesses were encouraged to take steps to become full-fledged exporters as the export industry is expected to experience a rebound this year,…
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