Exports of the Philippines fell harder in April by 35.2 percent, with shipments amounting to $2.9 billion compared with $4.33 billion in the same month last year. This was the seventh straight month of decline and showed a worse performance than the previous month’s 30.9-percent contraction.
However, recovery in some sectors, for example, electronics improved by 3.9 percent. This trend can continue – more improvements are expected by the 3rd and 4th quarter this year as Christmas season are expected to fuel the economy higher, and orders/demands for exports would perk up.
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The rally against con-ass yesterday ended peacefully. Around 15,000 people attended the protest.
I am wishing GMA would see the light that her continued stay in power is already dragging the country to the dictatorship years. I am afraid the people would not be as forgiving as before. She better exit sooner than later.
She already has a taste of power for nearly 9 years…that’s more than enough!
July 7th, 2009
Arn
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