The Philippines posted its widest trade deficit in five months for January as exports fell sharply, pointing to a worsening trade balance that could put pressure on the peso in the near term. | Reuters
The January trade gap was worse than the deficit of around $4.3 billion that ING had projected.
For the full-year 2022, the country’s trade deficit increased by 38 percent to $58.3 billion from year-ago level, as imports showed signs of recovery from market disruptions caused by the global outbreak of COVID-19 in 2020. “The persistent trade deficit in the Philippines points to depreciation pressure for…the Philippine peso in the near term,” ING senior economist Nicholas Mapa said.
The peso has fallen more than 2 percent since hitting 53.65 per U.S. dollar on Feb. 3, which was the strongest close so far this year. It was at 55.03, as of 0216 GMT.Your subscription could not be saved. Please try again.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China: New Edca sites to ‘seriously harm’ PHThe Chinese Embassy in Manila warned the Philippines against opening up additional sites under its Edca with the US government, saying this will drag the country into “the Taiwan question” and further undermine stability in the region. |santostinaINQ /PDI
Baca lebih lajut »
BOC stops 18 containers with imported onions misdeclared as pizza doughThe Bureau of Customs has intercepted 18 containers from China containing red and yellow onions that were misdeclared as pizza dough during an operation at the Manila International Container Port. | GabrielLaluINQ
Baca lebih lajut »
MMDA’s Artes: Motorists becoming used to exclusive motorcycle lanes in QCMANILA Philippines — The Metro Manila Development Authority (MMDA) said Monday that motorists are getting used to the exclusive motorcycle lanes along Commonwealth Avenue in Quezon
Baca lebih lajut »
86 new HIV-infected patients are teens, kidsMANILA, Philippines — Eighty-six of the 1,454 new cases of the human immunodeficiency virus (HIV) reported in January were children and teenagers, according to the Department of Health
Baca lebih lajut »
Teves ready to return to PH, face accusations but…MANILA, Philippines — Negros Oriental Rep. Arnolfo Teves Jr. is ready to return to the Philippines and face allegations that he was behind the brazen killing of Gov. Roel Degamo, but his
Baca lebih lajut »