January trade hits $12.6-B

TOTAL trade in January surged to $12.6 billion, growing by 14.2 percent (over an import growth of 9 percent for the period) owing to a strong manufacturing sector, particularly for basic metals, transport equipment, petroleum products and food manufactures, according to data released by the Philippine Statistics Authority.

Receipts from all markets grew—from China by 26.3 percent; South Korea, 50.5 percent; ASEAN peers, 19.3 percent; European Union, 82.5 percent and the United States, 16.5 percent.

Export earnings climbed to $5.1 billion in January 2017, up by 22.5 percent (versus import growth of 9…

Read more: January trade hits $12.6-B

Learn from past

LEARN from the mistakes of the past.

This is what Senate President Pro-Tempore Ralph Recto wanted the Duterte government to do as the latter recently began rolling out plans to build a national broadband network by 2020.

Mindful of the ZTE Broadband network deal corruption scandal back in 2007, Recto urged the government to iron out all the kinks to ensure the smooth implementation of the “critical” broadband deal.

 

Transparent Deliberations

For a start, the Department of Information and Communications Technology should include the project in its 2018 budget request "so that aside from securing funding, the budget hearings…

Read more: Learn from past

EU -ASEAN trade relations reaffirmed
EUROPEAN UNION Trade Commissioner Cecilia Malmström

EUROPEAN UNION Trade Commissioner Cecilia Malmström has reaffirmed the strong ties and commitment between EU and the member-countries of Association of Southeast Asian Nations (ASEAN) especially the Philippines.

The EU delegation along with ASEAN countries held consultations in Manila as they look for ways to reaffirm the strong ties between the two sides and to lay the foundation to facilitate the work of their respective businesses and for connecting across the two regions.

“I especially look forward to discussing how to advance plans for a region-to-region Free Trade Agreement between the EU and ASEAN,” Malmström…

Read more: EU -ASEAN trade relations reaffirmed

Steakholders and Snap Chat

STEAKHOLDERS is not a misspelled word.  It’s a suggestion I gave to my friend and owner of VIP Philippines, Joe Talamayan.  

Six months ago he invited me to a meeting of the brightest and fairly young owners of restaurants in the Philippines.  

As entrepreneurs, they wanted to disrupt the normal processes of a restaurant.  Many ideas were presented but one caught my attention then and it caught my attention again just recently.  

Crowd Cow is a new company that allows people to purchase a “cut” of beef from a specific farm that is in the program.  Why…

Read more: Steakholders and Snap Chat

February inflation rose to 3.3% from price upticks

THE rapid increase in rice, meat, fish and vegetable prices pushed up the food inflation to 4.3 percent in February (versus January’s 3.6 percent). February’s inflation rate is said to be the fastest since November 2014.

But Socioeconomic Planning Secretary Ernesto Pernia said the inflation outlook for 2017 remains within the government’s target of 2 to 4 percent. “However, the risks to the inflation outlook appear to be tilted to the upside. This could drive inflation towards the higher end of the target.”

The temporary ban on poultry meat from South Korea, Germany, France, Netherlands, Czech Republic,…

Read more: February inflation rose to 3.3% from price upticks

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Thursday, 19 October 2017
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