Search Result for : Philippines

The Dollar Business Bureau The EU was the largest destination of exports for Philippines in March this year. The latest statistics by Philippine Statistics Authority (PSA) revealed that exports to European Union member countries, with 16.2% share to total merchandise exports amounted to $901.24 million.  It rose by 56.2% from $577.04 million recorded in March 2016. What was even more interesting was that the export numbers of Philippines to EU for that month overtook those of US which was $809.93 million and Japan $762.43 million. Several factors contributed to the increase in trade numbers. A strong EU economy and its rising demand saw an increase of 1.9%, a rise in the agri-food sector exports backed by the EU’s Generalised Scheme of Preferences (GSP) that allows ...

The Dollar Business Bureau Philippines is considering imposing a ban on unprocessed mineral exports in an effort to encourage value addition to the mining sector, a senior government official said. Philippines is the topmost nickel ore exporter in the world, supplying almost all of its production to China. The previous governments had supported the calls to promote domestic processing of minerals but their efforts were unsuccessful as the Congress was unable to enact appropriate laws. “It’s one of the things we’re considering for any mine that we think should remain operating. In the long term, that will help our economy because that will increase the value of the products,” Maria Paz Luna, Undersecretary, Environment and Natural Resources told reporters on Friday. “This is one of the choices that not ...

Jasleen Kaur | The Dollar Business Underlining the fact that bilateral trade between India and Philippines hasn’t reached to the desired level, the two countries on Friday expressed their desire to enhance the scope of their bilateral trade relations by focusing more on goods that holds high trade potential. “There is a need to further facilitate trade between India and the Philippines especially since both economies are growing. As of now, India’s investments in the Philippines are mainly in the area of textile, IT, steel, airports, chemical and pharmaceuticals,” said Anil Monga, Managing Director, Emmsons International Ltd. “Another major area, which needs attention is the food area. The Philippines imports around 1.5 million tonnes of rice from various countries, especially, from Thailand and Vietnam ...

Source: PTI    The US is not asking countries like India and Vietnam to take sides in the Asia Pacific region, but steps Beijing is taking in the disputed South China Sea are “self-isolating” and driving countries towards America, US Defence Secretary Ashton Carter has said. “I’ve been to India, Vietnam recently. We want to have good relations with them and we are not asking people to take sides,” Carter said in a panel discussion in Davos on World Economic Forum meeting on Friday. “I think their position is basically right, which is we want everybody to keep being able to do what they are doing. We don’t want to have to pick sides. America doesn’t want to have sides either,” ...