A surge in the country’s import bill, mainly as a result of soaring oil prices, has shaved 56% off Philippines’ trade surplus for October, the Manila Times reported. The country’s imports rose 16.3% in October from the same month last year on a robust domestic demand for crude oil, steel, textile and electronic products,…
PHILIPPINES: Rising fuel import bill cuts 56% off trade surplus
Posted on January 7, 2005 by EnergyAsia