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Posts tagged with "Karl Kendrick Chua"

PH economy contracts at 11.5% in Q3

PH economy contracts at 11.5% in Q3

Nov. 10 | The Philippines’ GDP declined 11.5% in the third quarter of 2020, slower than the 16.9% contraction in the second quarter Households and firms have begun to recover, with smaller contractions in household consumption, firm investments, exports,...

PH trade plummets 24%, deficit widens 48% in 1H

PH trade plummets 24%, deficit widens 48% in 1H

Sep. 25 | Image by GREGOR from Pixabay Philippine external trade in goods plunged 24.5% to US$67.64 billion in the first half of 2020 from $89.58 billion in the same semester of 2019, according to the Philippine Statistics Authority (PSA). PSA said the decline...

Slower decline in June trade sign of eco activity resumption

Slower decline in June trade sign of eco activity resumption

Aug. 6 | Image by GREGOR from Pixabay The Philippines’ total merchandise trade in June 2020 declined 19.9% against the same period last year, but improved on the previous month’s 35.3% contraction, signaling the resumption of economic activities. Trade in...

PH manufacturing downtrend slows in June

PH manufacturing downtrend slows in June

Aug. 6 | Image by Emir Krasnić from Pixabay The Philippine manufacturing sector registered a drop in June 2020 although at a slower pace from the previous month, latest figures showed. Volume of Production Index (VoPI) declined 19.3% year-on-year in June 2020,...

Import, export declines pull down PH trade by 38.7% in May

Import, export declines pull down PH trade by 38.7% in May

Jul. 10 | Image by Hessel Visser from Pixabay The Philippines’ total merchandise trade in May 2020 sank 38.7% to US$9.84 billion from $16.05 billion in the same period last year as both imports and exports recorded double-digit declines, according to the Philippine...

PH manufacturing in May sees double-digit dip

PH manufacturing in May sees double-digit dip

Jul. 7 | Image by skeeze from Pixabay The Philippine manufacturing sector recorded double-digit declines in both volume and value in May 2020, although signs of a resurgence are starting to show, according to the National Economic and Development Authority (NEDA). In...

NEDA chief stresses import of cold chain logistics

NEDA chief stresses import of cold chain logistics

Jun. 18 | Acting NEDA secretary Karl Kendrick Chua | Photo from Chua’s official Facebook page The need for cold chain logistics was emphasized by Acting Socio-Economic Planning Secretary Karl Kendrick Chua to prolong shelf life of agricultural food products...

PH April manufacturing posts worst decline since 2001

PH April manufacturing posts worst decline since 2001

Jun. 5 | Infographic from the National Economic and Development Authority The Philippine manufacturing sector recorded double-digit declines in both volume and value in April 2020—the highest annual decline since 2001— as a result of the impact of community...

PH GDP sinks 0.2% in Q1

PH GDP sinks 0.2% in Q1

May. 7 | Screengrab from the May 7 online press conference with Acting Socioeconomic Planning secretary Karl Kendrick Chua The Philippine economy declined 0.2% in the first quarter of 2020, its first contraction in 21 years, as travel restrictions and community...

PH trade sinks 26% in March, with imports and exports down

PH trade sinks 26% in March, with imports and exports down

May. 6 | The Philippines’ total merchandise trade in March 2020 amounted to US$11.44 billion, its lowest in two years. The total represents a 25.7% decline from the $15.40 billion recorded year-on-year as both imports and exports posted double-digit reductions...