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 Asunto: Last week, Commonwealth chief
NotaPublicado: 08 Oct 2018, 06:59 
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MANILA, July 12 (Xinhua) -- Philippine exports fell by 3.8 percent year-on-year to 4.7 billion U.S. dollars in May due to weak global demand, the National Economic and Development Authority (NEDA) said Tuesday.


This was the 14th consecutive month that the country's exports declined, Socioeconomic Planning Secretary Ernesto Pernia said as he stressed the need to refocus export strategies of firms.


"The growth of exports is expected to remain muted for the rest of 2016 with the slow recovery of the global economy. Given the soft demand, export-oriented firms may need to refocus their strategies to consider non-traditional markets, which have shown healthier appetites in recent months," he said.


Exports of agro-based products fell by 29.4 percent, mineral products by 13.6 percent, manufactures by 0.5 percent, forest products by 82.6 percent, and petroleum products by 33.4 percent. However, this is a noticeable easing off since the 15.1-percent decline in March 2016.


Pernia also cited the importance of increasing the flexibility of export firms to cater to the domestic market, given robust domestic demand.


"We also need to keep government spending on track to ensure that domestic demand continues to provide a cushion to mitigate the impact of the country's weak exports growth," said Pernia, who is also NEDA Director-General.


For the first five months to May, total exports plunged by 6.6 percent to 22.074 billion U.S. dollars from 23.638 billion U.S. dollars in the same period last year.


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LUSAKA Men's Nike Air Force 1 Low Just Do It White Australia , Aug. 16 (Xinhua) -- The head of the Commonwealth on Wednesday hailed the release of the country's leading opposition leader, saying the move will help to progress peaceful dialogue.


Hakainde Hichilema and his five other co-accused were freed by a judge on Wednesday morning after the state prosecutor dropped the treason charges against him.


They were arrested in April this year and have been in custody since then as treason is not bailable in Zambia.


Patricia Scotland, the secretary-general of the Commonwealth said the decision by the Director of Public Prosecution (DPP) to issue a nolle prosequi to discontinue the case was understandable and reasonable as it offers a unique opportunity for the country to move forward in the interest of all citizens and to achieve political cohesion and reconciliation through dialogue.


"This is an opportunity for Zambians and their leaders to show the world that the Republic of Zambia still remains a symbol of peace and a beacon of stability Men's Nike Air Force 1 Low Just Do It Pack Orange Australia , unity and political tolerance in Africa and the Commonwealth," she said in a statement.


She hoped that Zambian President Edgar Lungu and the opposition leader will put their differences behind and jointly seize the opportunity to address the issues that have deeply divided the southern African nation following last year's disputed elections.


Last week, Commonwealth chief visited Zambia and met both Lungu and the opposition leader where she facilitated a process of dialogue between the two political foes.


She has since appointed the Commonwealth peace envoy Professor Ibrahim Gambari as her representative to facilitate for dialogue between the leaders.


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