Economy

02 July 2020

  • Banana volume exports climb 2 percent from January to April but total value dips 6.4% to $618.57 million
    The value of the country’s banana exports from January to April fell by 6.4 percent to $618.57 million from $660.52 million last year, preliminary trade data from the Philippine Statistics Authority (PSA) showed. The total worth of banana exports declined despite a 2-percent increase in volume of shipments during the four-month period, data also showed. […]
  • PHL-Thailand cigarette dispute still unresolved before WTO
    The lack of seating judges in the World Trade Organization’s (WTO) Appellate Body is hampering the Philippines’s bid to retaliate against Thailand for its noncompliance with the ruling on their cigarette dispute. At the Dispute Settlement Body (DSB) meeting on Monday, it was reported the Philippines and Thailand are nowhere near resolving their differences over […]
  • Government eyes P52-billion budget for subsidies, testing, employment, transport services
    The government is now eyeing a P52-billion budget to provide subsidies for patient testing, employment and transportation services “to open up the economy” during the novel coronavirus disease (Covid-19) pandemic. This was among the recommended provisions to be included in the pending stimulus package bill, Bayanihan II bill, in Congress of the economic managers to […]
  • Salceda seeks ‘targeted’ reopening of economy
    THE chairman of the House Committee on Ways and Means has appealed to the Inter-Agency Task Force on Emerging Infectious Diseases (IATF-EID) for a “targeted” reopening of the economy. Albay Rep. Joey Salceda issued the appeal as the Palace weighs on changes to the quarantine regime by June 30. “There are things that reopening the […]
  • Big cyber-security threat: Employees
    For obvious reasons I am following the issue of Wirecard and the “disappearance” of about $ 2.1 billion allegedly in the Philippines, after employees of two leading banks created fake documents, with great interest. Two questions are coming up immediately: 1. Why did the German company select the Philippines as fake recipient of the money, […]

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