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NEW UPDATES Asean Affairs  13 August 2015  

PHL June exports fall 3.3% on weak demand – PSA

Philippines exports fell by 3.3 percent in June 2015 to $5.28 billion, the third successive monthly decline on record since April, largely on weak global demand, particularly China.
However, exports of electronics and semiconductors recovered to register a 9.5-percent increase in June from a 7.5-percent drop in May, the Philippine Statistics Authority reported on Tuesday.
Electronic exports totaled $2.44 billion from $2.36 billion in the same comparable period, accounting for 46.2 percent of the country’s total shipments.
But lackluster performance was also noted in the following sectors: manufactures, machinery and transport, woodcraft and furniture.
Exports to China, one of the country’s top markets, fell 30 percent in June.
Shipments to US also fell by 4.3 percent while exports to Japan rose by 29 percent.

In a separate interview, Sergio Ortiz-Luis, president of Philippine Exporters Confederation Inc. (PhilExports) said the current situation – weak global demand – has forced exporters to tighten their purses as a way of lowering costs, including laying off people.
"We have been asking the government to lower utility rates such as electricity and improve  the infrastructure and the transport sector to help ease the way we do business," he said.
PhilExports has more than 3,000 member companies.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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