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Philippines' August coconut oil exports more than double MANILA: Exports of coconut oil from the Philippines, the world's biggest supplier, more than doubled last month, boosted by delayed July shipments, an industry group said on Tuesday.Shipments of the vegetable oil used in food, detergents and biofuels totalled 84,800 tonnes in August compared with 40,953 tonnes in the same month last year, preliminary figures from the United Coconut Associations of the Philippines (UCAP) showed.The August volume exceeded this year's monthly average shipment of 55,224 tonnes and included delayed July shipments totalling 15,000 tonnes, UCAP said in its monthly report.Coconut oil exports in January-August, however, were down almost 40 percent from a year earlier at 496,323 tonnes due to tight supplies, it said.Still reeling from damage to about a tenth of its estimated 340 million coconut trees from Super Typhoon Haiyan late last year, the Southeast Asian country has sought to contain a scale insect infestation that early this year ...

Taiwan August export orders slower, but smartphone sales raise hopes TAIPEI: Taiwan's export order growth was below forecast in August, but prospects in coming months will be helped by solid demand for tech goods, especially as Apple's newest iPhone hits the market.Some delays have affected orders but they are starting to build up for the iPhone 6 and 6 Plus since Apple Inc's launch earlier this month, Lin Li-jen, an official with the Ministry of Economic Affairs, told a news conference. "We have not seen ...
Italy revises down 2013 deficit and debt-to-GDP ratios ROME: Italy on Monday revised up its gross domestic product for 2013 after a series of methodological changes and as a result the budget deficit and public debt-to-GDP ratios were lowered, national statistics institute ISTAT reported.Due to the upward revisions to GDP, the 2013 deficit-to-GDP ratio was cut to 2.8 percent from 3.0 percent, more comfortably inside the European Union's 3 percent ceiling. The deficit in 2012 was left unchanged at 3.0 percent.The GDP revisions, ...
Israel jobless rate rises to 6.4pc in August JERUSALEM: Israel's unemployment rate rose to 6.4 percent in August from 6.2 percent in July as the number of employed declined, the Central Bureau of Statistics said on Monday.The number of employed decreased 0.1 percent to 3.546 million, with 60.1 percent of those aged 15 and over having jobs, down from 60.3 percent in July.The participation rate in the labour force of those 15 and older was unchanged at 64.2 percent in August.Part-time employment gained ...
Kazakhstan's grain exports fall, harvest 58 pct complete ASTANA: Kazakhstan's grain exports fell to 1.04 million tonnes between the beginning of this marketing year on July 1 and Sept. 20, from 1.38 million tonnes in the same period a year earlier, data from the Agriculture Ministry showed on Monday.Kazakhstan, Central Asia's largest producer and exporter of grain, has to date threshed 9.5 million tonnes of grain from 58 percent of this year's total sown area, the ministry said.This compares with 12.3 million tonnes ...
Vietnam's Sept trade deficit may hit $600mn HANOI: Vietnam is expected to show a $600-million trade deficit in September after a more-than $1 billion surplus recorded in August, a state-run newspaper said on Monday.Exports are estimated to rise 12.3 percent from the same month last year to $12.4 billion, while imports could touch $13 billion, the Thanh Nien (Young People) newspaper said, citing a summary of reports from the trade, finance and the planning and investment ministries.Vietnam had a trade surplus of ...
OECD says BOJ inflation goal hard to meet, needs new commitment TOKYO: The Bank of Japan must make a new commitment quickly to meet its 2 percent inflation target because achieving that goal by next spring will be difficult, a senior official at the Organisation for Economic Cooperation and Development said on Monday.OECD Acting Chief Economist Rintaro Tamaki, speaking at a news conference, also urged the Japanese government to proceed with a second sales tax increase next year as planned to help fix its tattered public ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln