Philippines sees strong trade growth in November 2016
The Philippines saw its trade revenue in November 2016 increasing 7.3 percent year-on-year due to the strong growth of imports, said the National Economy and Development Authority (NEDA).
Hanoi (VNA) – The Philippines sawits trade reven꧒ue in November 2016 increasing 7.3 percent year-on-year due tothe strong growth of imports, said the National Economy and DevelopmentAuthority (NEDA).
Total trade of the Southeast Asian country reached12 billion USD in the month, with imports going up by 19.7 percent, making upfor a decrease of 7.5 percent in exports, according to the NEDA. A surge in trade transactions between thePhilippines with East Asian and ASEAN countries boosted the country’s imports.This is a sign of strengthening purchasing power of Filipinos. The NEDA forecaststhat trade volume would increase further in December 2016. Imports of the Philippines hit 7.3 billionUSD in November last year driven by rising demand for capital goods, consumergoods and raw materials soared. Meanwhile, export earnings dropped to 4.7billion USD because of a 10 percent decrease in shipment value of manufacturedgoods, mainly electronics. However, another report of the NEDA showedthat manufacturing production of the Philippines was stable in November 2016due to the rise of oil output, transport equipment and food products.-VNA
Budget losses as a consequence of falling oil price in many oil exporting countries badly impact the flow of remittance into the Philippines, reported the Financial Times on December 6.
The United States has withheld a major aid package to the Philippines because of significant concerns about the rule of law under President Rodrigo Duterte’s administration, said Molly Koscina, spokeswoman of the US Embassy in the Philippines on December 15.
President of the Philippines Rodrigo Duterte has selected the Asian Infrastructure Investment Bank (AIIB) to help fund his government’s “unprecedented infrastructure buildup”.
An Indonesian official emphasised that energy security is extremely essential amid global geopolitical and economic fragmentation, highlighting the need for the energy industry to strengthen resilience and responsiveness in the face of fluctuating oil prices and the shift to clean energy.
ASEAN must deepen collaboration through platforms such as the ASEAN Senior Officials Meeting on Transnational Crime (SOMTC) to ensure regional responses keep pace with the rapidly evolving cyber threat landscape.
Speaking at the launch of the Indonesia Economic Prospects June 2025 edition on June 23 in Jakarta, Turk noted that Indonesia’s gross domestic product (GDP) expanded 4.9% in the first quarter of 2025 compared to the same period last year.
Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Illustrative image (Source: images.businessweek.com) 
