President Benigno S. Aquino III leads his official family in prayer before presiding over the National Economic and Development Authority Board Meeting at the Aguinaldo State Dining Room of the Malacañan Palace on Monday (February 16). Also in photo are Secretary to the Cabinet Jose Rene Almendras, Finance Secretary Cesar Purisima, Environment and Natural Resources Secretary Ramon Paje, Energy Secretary Jericho Petilla, Presidential Management Staff Head Julia Abad, Metropolitan Manila Development Authority chairman Francis Tolentino, Mindanao Development Authority chairperson Luwalhati Antonino, Transportation and Communications Secretary Joseph Abaya, Trade and Industry Secretary Gregory Domingo, Socio-Economic Planning Secretary Arsenio Balisacan and Public Works and Highways Secretary Rogelio Singson. (MNS photo)
MANILA, May 12 (Mabuhay) — Philippine merchandise exports increased by 2.1 percent to $5.376 billion in March, from $5.268 billion a year earlier, on the heels of three consecutive months of declines since December 2014, the National Economic and Development Authority (NEDA), revealed on Tuesday.
However, Philippine shipments remain in the doldrums year-on-year, considering that exports grew by 12.1 percent in March 2014, data released by the Philippine Statistics Authority showed.
Woodcrafts and furniture; ignition wiring sets used in vehicles, aircrafts and ships; and other manufactures delivered a 78.3 percent cumulative decline in growth, PSA data also showed. (MNS)