‘Services trade, PHL’s shield in tariffs war’

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‘Services trade, PHL’s shield in tariffs war’ - Business Mirror

Quick Summary:

THE country’s export earnings may not completely suffer from the higher tariffs that could be imposed by the Trump administration, according to the Bangko Sentral ng Pilipinas (BSP).

This was followed by Japan with export earnings amounting to $916.12 million or 16.1 percent of the total; the People’s Republic of China, $786.35 million or 13.8 percent; Hong Kong, $600.24 million or 10.5 percent; and Singapore, $288.11 million or 5.1 percent.

In October 2024 and November 2023, the PSA data showed, import value recorded annual increases of 11.3 percent and 1.7 percent, respectively.