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Old Posted Jan 11, 2013, 5:40 PM
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Philippines' export performance best in Asia

By Riza T. Olchondra in Manila/Philippine Daily Inquirer | Asia News Network – 11 hours ago


AFP News - Cranes and container trucks are seen at the port of Manila on August 30. The Philippines said Thursday the economy grew a better-than-forecast 5.9 percent in the three months to June, largely due to a strong services sector.

Manila (Philippine Daily Inquirer/ANN) - Philippine merchandise exports topped those of other Asian countries in the first 11 months of 2012, the National Economic and Development Authority (Neda) said yesterday.

But private economists believe a strong rebound in outbound shipments may still be a long way off.

Merchandise exports earnings in November grew 5.5 per cent to US$3.551 billion, from the $3.366 billion seen the previous year. This brought year-to-date exports to $48.026 billion-7 per cent up from the $44.898 billion recorded in the same period of 2011, the National Statistics Office said.

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