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Sunday, April 27, 2008

SPECIAL REPORT: EXPORTS SECTOR

RP likely to miss export-rise targets

THE economic slowdown of the United States, which until recently was the Philippines’ largest market, will sharply spoil the country’s export industry as well as the domestic economy this year, experts told The Manila Times.

The slowdown, which started last year and is now being called a recession by some, brought down Philippine exports to the US in 2007 to only $8.57 billion, which was only 17.08 percent of our total export market, lower than the 18.33-percent share in 2006 and 17.95 percent in 2005.

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Exporters facing challenges like Beijing Olympic athletes

LIKE Filipino athletes bound to the Beijing Olympics later this year, Philippine exporters face today the grueling challenge of competing to win. Or they find themselves out of the game.

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Electronics will continue to grow, garments may sharply recover

DESPITE the US slowdown or recession the people in the local electronics and semiconductor industry—whose products make up our No. 1 export category—see growth continuing, though maybe at a lower scale.

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Mining can make 100 times more than its P95-B exports in 2007

The Philippines is veritably sitting on vast reserves of minerals but the mining industry has yet to reach its full moneymaking potential.

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