WORLD › NEWS
Philippine Exports Up 7 Per Cent In May
This brought the five-month tally to US$24.3 billion, up 6 per cent on a yearly basis, Vietnam News Agency (VNA) quotes the Philippine Statistics Authority (PSA) as saying.
Mineral products posted the strongest rise of 107 per cent year-on-year, followed by coconut oil at 45 per cent.
Japan continues to top the list, accounting for a 20.4 per cent share in total exports. Merchandise shipment to the country was valued at US$1.12 billion, 6.1 per cent higher than the previous year.
The National Economic and Development Authority (NEDA) said the outlook for the rest of the year is upbeat.
Deputy director general Emmanuel Esguerra said it was vital for policies to remain supportive of higher export growth.
"The capacity of exporters to improve product quality and packaging in line with international standards and practices must be enhanced," he said.
Philippine Exporters Confederation Inc president Sergio Ortiz-Luis Jr said the group is sticking to its 10 per cent growth forecast for cargo exports this year.
news coverage in our Newswire service.
Previous Top Stories
Other News Headlines
- Pakatan Supreme Council Accepts Proposal To Nominate Wan Azizah As MB Of Selangor- politic
- AirAsia India Appoints Cargo Agent, Adds Two Destinations- business
- Badminton Squad Make Flying Start- sports
- Tips For A Crime-Free Balik Kampung Trip- features
- Former Thai PM Yingluck Meets Thaksin In Paris: Media- world
Most Read News
Pertubuhan Berita Nasional Malaysia,
Wisma BERNAMA,No 28, Jalan 1/65A,
Off Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.
Tel : 603-2693 9933 ( General Line )
E-mel : firstname.lastname@example.org
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution