Tag: imports

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Electronics sales fuel export surge in June, trade deficit narrows

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Philippine exports soared 26 percent year-on-year in June 2025 to USD7.02 billion, driven by a sharp rise in electronic product shipments, which helped narrow the country’s trade deficit to USD3.95 billion from USD 4.34 billion a year earlier, according to data from the Philippine Statistics Authority (PSA).

Philippines trade gap narrows in May on strong export growth

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The Philippines’ trade deficit narrowed to USD 3.29 billion in May from USD 4.73 billion a year earlier—an improvement also over April’s USD 3.79 billion trade gap—due to strong export growth and softer import values, the Philippine Statistics Authority (PSA) reported Friday.

Trade deficit widens to USD4.13B in March

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The Philippine trade deficit widened further to USD4.13 billion in March, as export growth failed to keep pace with the double digit expansion in imports, the Philippine Statistics Authority said Wednesday.

Agricultural trade deficit widens amid strong export growth

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The Philippines' agricultural sector saw a rise in export revenue in February 2025, totaling USD691.92 million—up 21 percent from the previous year's USD572.32 million.

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Cebu sees surge in interest from Vietnamese summer travellers

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Cebu has emerged as the fastest-growing destination for Vietnamese tourists ahead of the upcoming summer travel season, according to data from the digital travel platform Agoda.

Hino Philippines leverages global alliance for advanced, sustainable mobility solutions

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Hino Motors Philippines (HMP) says strategic international collaboration is key to delivering modern mobility solutions as the country’s logistics, construction, and public transport sectors advance. This follows the official entry of ARCHION, the commercial vehicle group uniting Hino and Mitsubishi Fuso, into the Commercial Japan Partnership Technologies (CJPT), taking over Hino Motors Ltd.’s seat as part of the two brands’ business integration.

NQX Philippines named Top Employer Brand for third year in series 

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NQX Philippines has been recognized as one of the country’s Best Employer Brands for 2026, marking its third consecutive win of the award. Endorsed by CHRO Asia, the honor acknowledges the firm’s strong human resources practices and people-focused workplace culture.

EastWest Horizons Club offers cash rebates for new members 

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EastWest Bank is launching a special promotion to reward Filipinos growing their savings and building their wealth, making their next financial step even more beneficial. Running from June 1 to July 31, 2026, the Horizons Welcome Rewards Promo gives cash rebates to new customers who join the EastWest Horizons Club and place funds in qualified deposit accounts.

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