{"id":145814,"date":"2018-01-12T04:24:21","date_gmt":"2018-01-12T09:24:21","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=145814"},"modified":"2018-01-12T04:24:21","modified_gmt":"2018-01-12T09:24:21","slug":"exporters-optimistic-to-sustain-revenue-growth-in-2018","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/01\/12\/exporters-optimistic-to-sustain-revenue-growth-in-2018\/","title":{"rendered":"Exporters optimistic to sustain revenue growth in 2018"},"content":{"rendered":"
\"It<\/a>
This is despite export revenues in November 2017 recording its slowest growth last year at 1.6 percent year-on-year (Pixabay photo)<\/figcaption><\/figure>\n

MANILA —<\/strong>\u00a0The Philippine Exporters Confederation, Inc. (Philexport), the umbrella organization of exporters in the country, expressed optimism that the sector’s positive growth in 2017 could be sustained this year.<\/p>\n

This is despite export revenues in November 2017 recording its slowest growth last year at 1.6 percent year-on-year.<\/p>\n

Data from the Philippine Statistics Authority (PSA) showed that export revenues in November last year reached USD4.96 billion, slightly higher from USD4.89 billion in November 2016.<\/p>\n

Philexport President Sergio Ortiz-Luis told the Philippine News Agency that the slower increase in revenues in November can be attributed to the additional holidays declared in November, which affected the movement of goods.<\/p>\n

Aside from last year\u2019s special non-working day during All Saints\u2019 Day on Nov. 1 and the regular holiday on Bonifacio Day, Malaca\u00f1ang Palace declared Nov. 13 to 15 as special non-working days due to the Association of Southeast Asian (ASEAN) Summit.<\/p>\n

\u201cDue to more holidays, our manufacturing inputs were down,\u201d Ortiz-Luis said.<\/p>\n

\u201cNovember was a slow month for manufacturing and exports last year because of more holidays,\u201d he stressed.<\/p>\n

However, the Philexport chief remained optimistic that the increase in export revenues will continue this year with the recovery of global market and the new infrastructure projects of the government.<\/p>\n

From January to November last year, Philippine exports rose 10.8 percent to USD58.1 billion from USD52.44 billion in the same period in 2016.<\/p>\n

\u201cWe\u2019re positive that we can maintain that level of growth this year. We\u2019re hopeful for another double-digit growth,\u201d Ortiz-Luis added.<\/p>\n

He also echoed the exporters\u2019 support to the export revenue target of the Department of Trade and Industry (DTI) under the Philippine Export Development Plan (PEDP) \u200e2017-2022.<\/p>\n

The government eyes to reach exports revenue of USD122 billion to USD131 billion at the end of the Duterte administration.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA —\u00a0The Philippine Exporters Confederation, Inc. (Philexport), the umbrella organization of exporters in the country, expressed optimism that the sector’s …<\/p>\n","protected":false},"author":33,"featured_media":140639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[5579,42916,42914,13259,42915],"class_list":["post-145814","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-department-of-trade-and-industry","tag-philippine-export-development-plan","tag-philippine-exporters-confederation-inc","tag-philippine-statistics-authority","tag-sergio-ortiz-luis","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/145814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=145814"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/145814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/140639"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=145814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=145814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=145814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}