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+ June 02, 2021 THE total quantity of domestic trade in the first quarter of 2021 was recorded at 4.57 million tons, down 27 percent in the same stretch in 2020, latest data from the Philippine Statistics Authority (PSA) showed.
Almost all or 99.9 percent of the commodities were traded through water (coastwise) while the rest were traded through air.
By commodity section, manufactured goods classified chiefly by material led in terms of quantity of domestic trade in the first quarter with 1.37 million tons or a share of 30 percent to the total. This was followed by commodities and transactions not elsewhere classified with 1.12 million tons (24.5 percent) and food and live animals with 0.70 million tons.
The US has suspended tariffs against six countries in a row over taxing tech giants. But the levies could still be imposed if an international agreement on digital tax isn't reached. Also in the show…
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A Central Bank Digital Currency: Challenges and Opportunities 2 hours ago
National digital currencies have passed from ideas and prototypes into reality. In addition to the Bahamas, China and Sweden, have been running digital currency pilots, and within a few years, we could see dozens of central banks issuing digital currencies.
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