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
Sharing this much watched ‘WHAT IS A WOMAN’ documentary of conservative YT channel Daily Wire. On June 1, 2023, the documentary movie starring Matt Walsh of ‘What is a Woman’ was posted online via Twitter. In the first few hours of publication, the movie hit the proverbial stumbling block of […]
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 […]
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 […]
Balikbayan nurse OFW with MERS-COV virus is pregnant MANILA, Feb. 13 — The 32-year-old Filipino nurse positive with Middle East Respiratory Syndrome-Corona Virus (MERS-CoV) from Saudi Arabia is pregnant, the Department of Health disclosed Thursday. DDOH said that because of her pregnancy she could not be subjected to X-ray. Previously […]
P-Noy sees greater prosperity in Philippine-Mexican ties Philippine President Benigno S. Aquino III said a broader cooperation between the country and Mexico could lead to greater prosperity. “It is about time for us to expand our ties beyond the realm of history,” Aquino said of recognizing the enduring friendship of […]
This is the Christmas 2016 message of Vice President Leni Robredo posted on her facebook account. Maligayang Pasko po sa inyong lahat. At mula sa akin sa aking mga anak at sa opisina ng pangalawang pangulo. Hindi ba’t kapag lumalamig na ang simoy ng hangin tayo ay nakakaramdam na ng […]
Seriously, Naga City-Camarines Sur needs an all-weather airport. Domestic airline passengers get a doze of frustration each time flights destined from Manila to Naga city and return get axed due to cancellation. But it makes more ironic when the cancellation was not caused by aircraft mechanical trouble but by sunset […]
Consult, let people participate in BBL discussion – CBCP MANILA, Jan. 22 (PNA) — Catholic bishops have reiterated the stand of the Catholic Church on the need to consult and let the people participate in the discussion concerning the proposed Bangsamoro Basic Law (BBL). In a press briefing at the […]
After the May 10, 2010 general elections, the local government of Siruma and its town folks received its first ever and most distinguished visitor of the land, and a surprise yet.
MANILA, Nov. 8 — In a 9-5 vote, the Supreme Court of the Philippines (SCOTP) dismissed all petitions seeking to block the burial of former President Ferdinand Marcos at the Libingan ng mga Bayani in the City of Taguig. This spells victory for burial proponent, President Rodrigo Duterte. The SC […]
The Rich, Richier, Richest. Philippine towns with top regular income in fiscal year of 2014. Of the 1,502 local government units referred to as municipalities (or towns) of the Philippines, many reported high earnings (annual regular income) for the fiscal year end of 2014. Below is a listing of these […]
DAVAO CITY — Presumptive President-elect Rodrigo Duterte will release all political prisoners if leaders of the Communist Party of the Philippines – National Democratic Front (CPP-NDF) say “yes” to come home and sit down with government for talk peace. Duterte said coming home for the negotiations will be his only […]
The Bureau of Internal Revenue has collected P101.8 billion for the month of October 2014. The tax revenue collected is 6.5% or P6.2 billion more than in October of 2013. For October this year,2014, collections from operations amounted to P99.64 Billion, which is P6.42 billion or 6.88% more than in […]
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 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 […]
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 […]
This is the live streaming of the re-opening of Senate Hearing by the Committee on Public Order and Dangerous Drugs (January 27, 2016) on the Mamasapano massacre of 44 members of the elite Special Action Force of the Philippine National Police. Related story here Author Recent Posts Sr. Editorial Staff […]
Sharing this much watched ‘WHAT IS A WOMAN’ documentary of conservative YT channel Daily Wire. On June 1, 2023, the documentary movie starring Matt Walsh of ‘What is a Woman’ was posted online via Twitter. In the first few hours of publication, the movie hit the proverbial stumbling block of […]
Easily, then, Bicol river is both the queen and mother of all rivers in southern Luzon due to its size and influence. It holds sway and impact on the fertile and floodplains of the provinces, dictating the state of economic well-being and status affecting thousands of lives of people- including farmers, fisherfolks, travellers, etc., around its sphere of natural terrain.
Even as I have discussed and recalled memories, stories and current events about Siruma, I kept missing one more place much nearer our residence and of my father’s hometown. In a way, it is my third hometown, though. I am referring to Bolaobalite, which immediately stirred a chord in my […]
The Philippine Coconut Authority is recommending the inter-cropping strategy to coconut farmers after the devastation brought by killer typhoon “Yolanda” in Samar and Leyte provinces. PCA Albay official Ed Bailon said inter-cropping should be introduced as an alternative income of the affected coco farmers while waiting for the total recovery […]
QUEZON CITY, Nov. 10 — The Human Rights Victims’ Claims Board (HRVCB) has clarified all possible claimants application has until 12:00 midnight of November 10, 2014 to file their paperworks in its main office at ISSI, UP Diliman, and including all regional desks. The assurance of Akbayan Rep. Barry Gutierrez […]
Ex-President Fidel Ramos chides P-Noy on Mamasapano incident Former President Fivel V. Ramos sounded off a somewhat spicy message for President Aquino. “You must balance your actions with hot pursuit, this is law enforcement with peacemaking,” former President Fidel V. Ramos said in a speech during ceremonies in Intramuros marking […]
The Department of Labor and Employment said that about 13.90 per cent of Bicol employers do not comply with the current minimum wage rate as specified in Wage Order No. RBV-16 which stipulates P260.00 per day for establishments with more than 10 workers and P236.00 per day for those with […]
Laguindingan Airport in Misamis Occidental was gripped in fear when a man commandeered a passenger van in the airport compound and breached the main gate on Monday. Police identified the suspect as Victor Samban of Malaybalay City, Bukidnon. Junal Andaya, the driver of the commandeered passenger van, said that the […]
Live Stream: Poe-Llamanzares Vs. Comelec 4rth Oral Arguments at SCOTP This is the fourth live stream coverage of the Poe-Llamanzares Vs. Comelec 4rth Oral Arguments G.R. No. 221697 from the Supreme Court of the Philippines (SCOTP). Follow the update on the disqualification case for the presidential run of Senator Grace […]
