PHL meat imports rise 26 7% in first five months led by pork
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Published June 9, 2021, 3:18 PM
The country’s international trade doubled in April after both imports and exports jumped at their fastest pace in more than a decade, the Philippine Statistics Authority (PSA) reported.
Preliminary data from the PSA showed on Wednesday, June 8, that the country’s total external trade in goods accelerated by 107.5 percent in April this year to $14.16 billion from $6.83 billion in the same month in 2020.
The April performance was faster than the 26.5 percent annual growth registered last March and a reversal of the 54.8 percent contraction seen in the same month last year.
According to the PSA, 59.7 percent of the total external trade were imported goods, while the rest were exported products.
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Metro Manila (CNN Philippines, June 9) - More than 191,000 people nationwide lost their jobs over the past five months, the Department of Labor and Employment (DOLE) reported, as several employers continue to struggle to stay afloat during the COVID-19 pandemic.
Figures from DOLE released on Wednesday showed a total of 191,117 workers in 6,602 establishments were displaced from January to May this year. Some 91% were due to retrenchment while 9% were affected by permanent closure of businesses.
The DOLE said this data was sourced from notices of shutdown and workforce reduction submitted by employers to its regional offices.
Around 60% of the total displaced - or at least 114,000 people - are from Metro Manila. The second biggest tally was recorded in Central Visayas, where over 20,000 became jobless, followed by Central Luzon with 18,000.