PHL yields $655-M export sales in China trade fair
THE Philippines posted a record-high $655.15 million in sales from its generated export transactions in November with the Chinese market.
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Philippine exports account for a sizeable percentage of the country’s whole GDP, proving just how crucial exportation is to the economy. With Business Mirror’s Export News today, you won’t have to scour the internet for the latest updates and developments in the exportation and importation of goods both in the Philippines and abroad. Learn about the newest international trade relationships, Philippine product export news, trade plans, and what these mean for the Philippine economy.
THE Philippines posted a record-high $655.15 million in sales from its generated export transactions in November with the Chinese market.
The Department of Trade and Industry (DTI) is boosting research and development (R&D) by making it more accessible across the country.
A Biden administration effort to untangle global chip supply snarls is facing resistance from lawmakers and executives in Taiwan and South Korea, complicating attempts to resolve the bottlenecks hurting industries from automobiles to consumer electronics.
Canada’s trade surplus with the rest of the world expanded significantly in August on larger energy exports.
DO Good Foods, a meat producer that uses recycled food waste to make supplemental animal feed, is poised to roll out its first product after securing a $169- million investment from asset-management giant Nuveen.
Sweden’s economy shrank far more than anticipated in August, driven by a slump in exports, raising concerns the recovery of the largest Nordic economy may be cut short.
CAGAYAN DE ORO CITY—The Cagayan de Oro Chamber of Commerce and Industry Foundation Inc. (Oro Chamber) on Tuesday said it is eyeing at least 400 micro, small and medium enterprises (MSMEs) to participate in this year’s Oro Best Expo 2.0 to showcase and sell their local products.
Among government agencies, it is the Department of Trade and Industry (DTI), with its mandate of “realizing the country’s goal of globally competitive and innovative industry and services sector contributing to the inclusive growth and employment generation,” which has been the lead when it comes to protecting the local manufacturing sectors in the country.
The Department of Trade and Industry (DTI) recently hosted the “International Trade Forum: Benefits of the Regional Comprehensive Economic Partnership [RCEP] Agreement to the Philippines” in a bid to raise awareness on the opportunities presented by the trade pact.
Activity in China’s vast factory sector contracted in September for the first time since the pandemic began, the latest sign of deceleration in the world’s second-largest economy.
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Russia projects Gazprom PJSC’s gas supplies to key markets, including Europe, Turkey and China, will grow to 197.3 billion cubic meters this year, as the world’s energy markets are battling the worst supply crunch in decades.
Ghana, the second-biggest exporter of cocoa beans, is facing a problem many would’ve thought impossible: you can have too much chocolate.
Local exporters and MSMEs can receive expert guidance on how to take full advantage of the Philippines-EFTA free trade agreement (PH-EFTA FTA) to break into and expand their existing operations in Europe in an upcoming webinar organized by the Department of Trade and Industry and the Department of Agriculture on September 28, 2021, from 4 p.m. to 6 p.m.
Unique, strong, and versatile —these are some of the characteristics being attributed to laminated bamboo strips making it a strategic resource for designing attractive furniture and a valuable product prized by ingenious craftsmen in the country.
Asia leads the world in aquaculture production but intensive farming has led to an array of environmental challenges that could ultimately pose a risk to human health.
IN time for Paris Design Week, the Center for International Trade Expositions and Missions (Citem) launches a new collection of homeware and furniture for Spring/Summer 2022 on Maison & Objet and More (MOM), the digital platform of major French trade show Maison et Objet.
Manila-based tech-enabled exporting company 1Export has announced it has raised a $800,000 seed round that will enable them to scale their operations and expand to Indonesia.
COTABATO CITY—The Bang-samoro Board of Investments -Bangsamoro Autonomous Region in Muslim Mindanao (BBOI-BARMM) is facilitating the revival of banana farms in Maguindanao with the expected infusion of P200 million worth of new investments from two local firms.
Department of Trade and Industry (DTI) Secretary Ramon Lopez has urged Japanese firms to invest in the Philippines as opportunities for manufacturing, construction, and energy remain high despite the pandemic.
A fresh wave of protests at key Libyan oilfields and ports threatens to derail months of stability in the Opec member’s production and exports.
CAGAYAN DE ORO CITY—The Department of Agriculture in Region 10 (DA-10) has initiated an estimated P3.4 million worth of projects for the production of mushrooms and cacao in Northern Mindanao.
The vast opportunities as well as the challenges that face the country’s exports spurred the formation of a new organization, which intends to not just uplift the sector, but also allow more micro, small and medium enterprises (MSME) to capitalize on the global market.
The Davao Marsman Agrarian Reform Beneficiaries Multi-Purpose Cooperative (DAMARB MPC), representing 697, or 92 percent, of the 762 agrarian reform beneficiaries (ARB) of the Marsman Estate Plantation Inc. (MEPI), wants to continue with its contract of lease with the export banana plantation company.
BEIJING—China’s factory activity decelerated in August as export demand weakened, a survey showed Tuesday.
Japan’s factory output edged down in July as the highly contagious delta variant of the coronavirus weighed on global supply chains and crimped production of cars, chemicals and electronics.
Coffee buyers are coming to terms with a global shortfall of arabica coffee, the high-end kind favored by cafes like Starbucks Corp., and turning to cheaper beans, driving up prices.
IFEX Philippines, the signature event for the food trade sector organized by the Center for International Trade Expositions and Missions, (Citem), will present its very first online iteration, the IFEX Digital Expo, from September 23 to 25, 2021.
The Department of Trade and Industry-Export Marketing Bureau (DTI-EMB) is encouraging Philippine exporters to participate in the public consultations on the United Kingdom’s (UK) new GSP Scheme to provide inputs and suggestions, particularly on the relaxation of the current origin requirements for their products.
COTABATO CITY—Model banana farms are soon to sprout in about 5,000-hectare special geographic area (SGA) of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) in North Cotabato province.
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