The Philippine's total merchandise trade declined as exports continue to slide in July 2016, given that global economic recovery remains slow. The decline in exports was due to the decrease in demand for Philippine products from traditional markets such as Japan, China, Hong Kong, and USA. Export of manufactured goods declined by 13.0 percent to US$4.0 billion in July 2016, the steepest decline for the last ten months since September 2015. Above, the Manila International Container Terminal. Photo credit- ICTSI.
MANILA, Sept 14 — The Philippine’s total merchandise trade declined as exports continue to slide in July 2016, given that global economic recovery remains slow, according to the National Economic and Development Authority (NEDA).
This was revealed as the Philippine Statistics Authority reported total revenue from trade fell from US $ 12.2 billion in the previous year to US $11.4 billion in July 2016. This is attributed to the 13 percent decline in exports and 1.7 percent decline in imports.
The decline in exports was due to the decrease in demand for Philippine products from traditional markets such as Japan, China, Hong Kong, and USA.
The decline in imports was a result of the decrease in local demand for raw materials and intermediate goods (13.6%), as well as mineral fuel, lubricants (26.3%).
Meanwhile, exports to the country’s non-traditional markets posted increases, particularly in France and Mexico, which grew by 59.2 percent and 22.4 percent respectively. Meanwhile, imports from Japan, China, Hong Kong and Singapore increased in July 2015.
There was also strong sales in coconut products, like coconut oil and desiccated coconut, and agro-based products eased to 0.6 percent in July 2016, a relief from the four-month long double-digit decline since March.
But NEDA warns of the looming threat of La Niña the government needs to ensure policies that improve and strengthen the resiliency of agricultural communities are passed swiftly.
Export of manufactured goods declined by 13.0 percent to US$4.0 billion in July 2016, the steepest decline for the last ten months since September 2015.
On the other hand, imports of capital goods grew by 23.1 percent to US$ 2.3 billion while consumer goods grew by 8.3 percent to US$ 1.1 billion in July 2016.
Almost all Asian countries, except for Vietnam (5.1%), experienced declines in export performance with Indonesia (-12.0%) and Malaysia (-10.2%) joining the Philippines with double-digit negative growth rates for July 2016.
Tell us your thoughts on this article. If logged in with any of your Wordpress.com, Twitter, Facebook, Google+, or registered on this site before, then you can simply write your comment below. Thanks and appreciate your feedback. Cancel reply
Her story resembles that of a script lifted direct from a tele-novela. This video is another installment in our continuing coverage of ordinary people sharing their experience during their married life. The resource speaker on this video supports the passage of the divorce bill in the Philippine congress. The speaker […]
Did regret came too late? A girl who transitioned to becoming a boy during teenage year speaks of great regret for having done so. Charlie Evans “became” male for close to ten years before making a turn-around from a decision made. Evans detransitioned in 2018. But will it recoup the […]
This is only a passing question for residents living around the City of Naga and also of towns nearby, and maybe of Camarines Sur province, too. Have you visited the Jesse Robredo museum yet? If not, then come on, let’s join Vice-President Leni Robredo show us around. The VPOP is […]
Canadians react with disdain on government officials, which include PM Justin Trudeau and Environment Minister Catherine McKenna, due to garbage dumping in the Philippines. Watch how independent conservative YouTube channel shares reaction and more below: [At 1:40, notice the government official sitting right of President Duterte make face, reacting to […]
Sharing here the attendance of Vice President Leni Robredo during the 121st Independence Day rites this morning at Rizal Park in Manila. And below is the commemorative message of the vice president for the occasion: Sa araw na ito, bilang nagkakaisang lahi, ipinagdiriwang natin ang ika-isangdaan at dalawampu’t isang taon […]
A short clip derived from a PBS (US tv channel) documentary highlights a woman acquiring a “sense of peace” after aborting her two (twin) babies. The woman was shown getting clear instruction from the doctor on the dosage and timing of taking “medical” abortion pills. The doctor was so blatant […]
The most important and relevant documentary movie drops today. Will it be truth bites the plight of mass migration hurting Europe? We are referring to the much awaited “Borderless” movie by independent Canadian activist-journalist Lauren Southern and her team. After months enduring the rigors (and danger) of (clandestine) location filming, […]
Some world leaders, and even the mainstream media, didn’t get it. But at least, Pope Francis on Easter Sunday speaking after the special Easter ‘Urbi et Orbi’ message and blessing, expressed his “heartfelt closeness to the Christian community [of Sri Lanka] wounded as it was gathered in prayer, and to […]
Daring independent journalist Lauren Southern is on the hot trail of the illegal immigration happening now in most of Europe. On this her latest reportage the daring Canadian exposes the alleged human smugglers and traffickers operating in Greece as NGO’s like the Emergency Response Center International. ERCI is a self-described […]
This should be the first walking tour for inmotion channel, I mean, a walking exploration. So here I was at the churchyard of the main Catholic church in my hometown which is the Parish church of Our Lady of La Porteria. Welcome to inMotion. And many thanks and appreciate for […]
Yes, totally true. The epic fails in Ilocos Norte. One of which was the “cable cart” ride which amused the passengers at first. Then afterwards lost the interest for the operator obviously had difficulty maneuvering the cart up its destination and back. But hey, it was a good try. The […]
Culled from the online news portal itself, Rappler reports agents from the National Bureau of Investigation (NBI) arrested Rappler CEO and executive editor Maria Ressa early Wednesday evening, February 13. The arrest was done in connection with a cyber libel case filed by the justice department. NBI officers in civilian […]
This Philippine province of almost two million people, or 1.9 (1,952,544) million warm bodies according to the official census count of 2015 is the biggest in the Bicol region in terms of population and land area. While it is rich in natural resources and beautiful scenic places, majority of its […]
I am back, yet again, after a long hibernation of sorts. I fixed some personal issues, settled what should have been done before and still in the process of accepting and facing some other health circumstances that is part of life. And then I completely pushed aside into the backburner […]
After posting the article covering the much vaunted Pantao regional port located in Libon town of Albay province we dig a foot deeper and decided to go ahead with an update and rejoinder about the project. Envisioned to boost a “robust economic corridor in southern Luzon, specifically for Daet, Naga […]
Time magazine’s 2018 acknowledged person(s) of the year (POY) received mixed reaction from netizens. Before the end of year, the US-based news magazine picks a POY of their choice who has done the most to influence the events of the year. This 2018, it came out with not one, but […]
As many expected, former Philippine senator Bong Revilla on Friday was acquitted by the Sandiganbayan of the plunder case in relation to the misuse of P224 million pork barrel funds. Pork barrel funds were coated as Priority Development Assistance Fund (PDAF) of previous administrations. His co-accused, bussinesswoman Janet Lim Napoles […]
We get it. Bicolanos and travelers to and from the region will have to get used to flying and landing on four dated airports, one each in Legazpi, Pili (for Naga), Virac and Masbate. The one and only, but much vaunted, Bicol International Airport, or the Southern Luzon International Airport, […]
The domestic airport in Pili serving metropolitan Naga and the provinces of Camarines Sur and Camarines Norte will soon be capable of catering to evening flight take-off and landing operations. The Naga airport, which is operated by the Air transportation Office (ATO) of the Department of Transportation and Communications, has […]
To get a good grasp of the illegal immigrant crisis in the United States (America), and in Europe (European Union), we are sharing below two video coverage, one for each. These are different takes on the massive migrant caravan that began marching from Central America, mostly coming from Honduras, with […]
The town of Daraga in Albay province, has total assets of P1.029 billion making it to the top of the list among the richest municipal local government units (LGU) for 2017, besting 106 others in Bicol region, according to the Commission on Audit (COA). Daraga, aside from topping the list, […]
Ownership of the University of Nueva Caceres change hands. Kind of. For decades, the Hernandez family of Naga city and Libmanan town used to own and manage the first and largest university in Bicol. But not anymore as the education arm of the Ayala Corporation, the AC Education, Inc., (AEI) […]
Naga City, Bicol’s financial, business, educational and religious capital now has a total net worth of over P4.675 billion, making it the richest local government unit (LGU) in the region, according to the Commission on Audit (COA). The City of Ligao, in Albay province, followed far second, with a total […]
Why Fuentebella’s Partido Development Administration got the axe. The administration is cleaning up the mess of the past. Or, so it seems. Recently, Malacañang abolished a Bicol-based Government Owned or Controlled Corporation (GOCC) created during the administration of former president Fidel V. Ramos. The Partido Development Administration (PDA) was snapped […]
While I am not required to explain why I am using English as the medium or language of this channel, I am too happy to explain why. Also, I think it is time to share our reason. Hello friends, Thank you for dropping by and watching this post. At the […]
Today, I temporarily place under my drawer the primary concern of growing more subs. Because today we go Chinese. I mean, I will talk in passing about the Chinese Zodiac as very soon the Chinese New Year will come with a bang on Feb 16, 2018 and end on Feb […]
The Malacanang palace on Saturday made known an official denial it has got no hand in the subpoenas issued by the National Bureau of Investigation to online xocial news network publisher Rappler chief executive officer (CEO) Maria Ressa and two others over cybercrime raps, Presidential Spokesperson Harry Roque said on […]
President Rodrigo Duterte has designated Undersecretary Rosalina Bistoyong as Officer-In-Charge of the Department of Agrarian Reform. She will occupy the vacated post of Rafael Mariano whose nomination was rejected by the powerful joint congressional Commission on Appointments last September 6. Bistoyong is a career executive service professional in the government […]
The residence of Mayor Jed Patrick Mabilog of Iloilo city on Thursday afternoon was the subject of initial inspection from a team of the National Bureau of Investigation.. Witness to the arrival of the inspection team include Ariel Castañeda, the head of the Local Economic Enterprise Office (LEEO) of the […]
My English classes in Grade Six will be the first set of pupils under the K-12 curriculum moving up to Grade 7 come March this school year. At this point, even while it is too early, I try to foresee the probable challenges and impact on their learning curve due […]
President Rodrigo Duterte’s blogger-supporter and now amply rewarded as Assistant Secretary in the office of Presidential Communication Operations Office has courted, again, the ire of netizens, specifically Twitter users. This time, tweets criss cross the internet calling for the ouster or removal of the former sexy dancer from her Malacanang […]
Thanks to the long known advocacy of the Greeenpeace group, the 4th Annual sky lantern flying activity in Legazpi city was eventually canceled by its organizers. The organizers of the 4th Annual sky lantern flying activity have decided today to cancel the event after it was met with strong opposition […]
Bangko Sentral ng Pilipinas wants you to know that it would be very difficult to produce a counterfeit of the new generation Philippine bank notes now in circulation. With the very stringent process, the bank note paper used made up of cotton with Philippine abaca, and all other security features […]
In its disclosure with the Philippine Stock Exchange (PSE) Monday, the Banco de Oro Unibank Inc. (BDO) registered a P13.3-billion net income in the first half of 2017, much higher than the PHP11.7 billion in the same period in 2016. The leading unibank of the country traced the improvement of […]
This should confirm the long suspected plunge of the peso vis-à-vis the US dollar. Now the peso is seen to weaken further beyond the range of 48-50 until the end of year 2017. If it does, which is srongly possible, President Rodrigo Duterte’s economc managers are missing something. Yet, it […]
President Benigno S. Aquino III signed EO No. 203 on March 22 directing the Governance Commission for Government Owned and Controlled Corporation (GOCC) to conduct compensation studies, develop and recommend to the President of the Philippines (POTP) a competitive compensation and remuneration system. which shall attract and retain talent at […]
A bomb blast kills 10 and injured dozens more in Davao City about 10 in the evening of Friday at the Roxas night market near Ateneo de Davao University. Police authorities confirmed the incident but has yet to verify the actual number of casualties. Witnesses disclosed they saw at least […]
Yes, Chinese couples can have 2 kids, no need for government OK. Good news for them. China on Tuesday stopped requiring couples to apply for official approval before having a first or second child, following the end of one-child policy. The move which entered effect immediately was announced by the […]
“Oh, Calabanga, gem of the province, We will stand with pride and dignity, We will watch your fragile beauty, With much love and care . . . ” The song goes on a never ending refrain as it brings in a hundred and one memories; some happy and some sad. […]
The mayor of Albuera town in Leyte province and his son are given only 24 hours by President Rodrigo Duterte to surrender to police authorities. On Monday, Duterte gave the mayor of Albuera, Leyte and his son, who are both being linked to illegal drugs, 24 hours to surrender or […]
This is the latest grim update yet. The National Disaster Risk Reduction and Management Council on Friday announced the death toll from super typhoon “Yolanda” has now hit the 2,360 mark while the affected people at nine million. In its update, NDRRMC said the fatalities can be broken down into: […]
The province of Catanduanes has adopted a new local tourism promotion program that gives tourists the privilege of taking part in tree planting during their stay. Dubbed as “One Tourist, One Tree,” the recently launched program is directed towards making the local tourism industry an avenue for keeping the verdant […]
MANILA — The Commission on Elections disclosed that all public school teachers who served as Board of Elections Tellers (BETs) in the October 28 barangay elections will be getting additional P300.00. This, after the Department of Budget and Management (DBM) has approved the request of the elecion agency to use […]
Why Fuentebella’s Partido Development Administration got the axe. The administration is cleaning up the mess of the past. Or, so it seems. Recently, Malacañang abolished a Bicol-based Government Owned or Controlled Corporation (GOCC) created during the administration of former president Fidel V. Ramos. The Partido Development Administration (PDA) was snapped […]
Quezon City, Nov. 28 — Good news for the 1.9 million pensioners of the Social Security System who are bound to receive their 13th month pay this December as part of the tradition which began in 1998. The total amount of SSS fund for release will amount to P6 billion. […]
COTABATO CITY — At least five persons were confirmed killed while 10 others wounded so far in Maguindanao election-related violence for the past 72 hours, the Army’s Sixth Infantry Division (6ID) reported. “Only last night (May 8), two separate explosions caused by rifle-launched M-79 grenades rocked the public market of […]
The Malacanang palace on Saturday made known an official denial it has got no hand in the subpoenas issued by the National Bureau of Investigation to online xocial news network publisher Rappler chief executive officer (CEO) Maria Ressa and two others over cybercrime raps, Presidential Spokesperson Harry Roque said on […]
MANILA — The “laglag-bala” dented Ninoy Aquino International Airport (NAIA) will implement a heightened alert status until June 20 as passengers using public transportation are expected to increase in time for the opening of classes. MIAA General Manager Jose Angel Honrado said that the airport is ready to accommodate students […]
Ten tables for ‘Noche Buena’ Pinoy style on eve of New Year with ‘fiesta’ atmosphere. An inviting array of ten tables set by Filipino families just for that awaited eve before New Year. And when the clock strikes 12 midninght, the real star of the show are the food waiting […]
Philippine Stock Exchange (PSE) President Hans Sicat told reporters more companies engaged in real estate and consumer/retail sectors are expected to launch their initial public offering (IPO) on the local bourse next year. Eight to 10 companies are expected to debut in the local equities stock market in 2016, as […]
The number of drug fatalities, persons killed in the continuing campaign of the government against illegal drugs already passed 2,500 within a period of two months. It is the same period of President Rodrigo Duterte’s tenure at the helm of the government. The Philippine National Police update on Tuesday include […]
Free at last! That could be one of the first liners former President Gloria Macapagal Arroyo may have said after the Supreme Court of the Philippines (SCOTP) dismissed the case that stemmed from the alleged misuse of the P366-million confidential intelligence fund of the Philippine Charity Sweepstakes Office (PCSO) during […]
The conversion of CSSAC into CBSUA has made a tremendous grandeur for my Alma Matter, a far cry from what I had known during the CSAC days. The new University is expected to provide technological science including education, arts, and science.
MOSCOW, Aug. 17– The US Pentagon employees have been issued a ban on playing the global phenomenon game, Pokemon Go, on their work phones. amid fears of espionage. It follows reports that suggest the game could be used to pinpoint the locations of secure facilities. It has been revealed that […]
Philippines in 20 best foreign retirement havens list for 2015 – Forbes MANILA, Feb 18 — US-based magazine Forbes rated the Philippines among the 20 best place to retire in its 2015 listing. If it’s retirement you seek, there are a number of countries to settle down to and the […]
Ten tables for ‘Noche Buena’ Pinoy style on eve of New Year with ‘fiesta’ atmosphere. An inviting array of ten tables set by Filipino families just for that awaited eve before New Year. And when the clock strikes 12 midninght, the real star of the show are the food waiting […]
The Senate approved on third and final reading on Monday a bill which seeks to mandate the installation of a speed limiter in all public utility buses (PUBs). Voting 19-0, the senators passed Senate Bill No. 2999 which is aimed at reducing road accidents by requiring buses to install speed […]
In our continuing presentation of the annual income of Bicol LGUs we take a look at how they compare in rank with others. The province of Rizal topped the list. Quite remarkable considering that many of its premier and urban towns were chopped from its jurisdiction when the National Capital region was created.
According to the 2015 rankings by the Global Peace Index among 162 countries worldwide, the Philippines is on the 141st. Hugging the bottom line is North Korea. A dismal result, and perhaps, the true prevailing state in the country under the stewardship of President Benigno S. Aquino, III, despite its […]