June 10, 2023
The country’s trade deficit narrowed in April as both imports and exports contracted, the Philippine Statistics Office said on Friday. The $4.53 billion merchandise trade deficit narrowed 14.9 percent from $5.32 billion a year earlier. It was also 11.2 percent down from $5.10 billion in March. Total merchandise trade fell to $14.33 billion from $18.16
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Crossroads of Asia | Economy | central Asia Moscow’s needs are more pressing, giving Tashkent time and space to negotiate. Advertising Kazakhstan will be ready to provide infrastructure for the transit of Russian gas to Uzbekistan for the “autumn-winter 2024” after Tashkent and Moscow complete negotiations on volume and price, Kazakh Energy Minister Almasadam Satkaliyev
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A leading Chinese chip maker is listing in Shanghai, which will fund a major expansion, after receiving confirmation from US chip tool makers that they can supply its new production lines. After months of uncertainty, ChangXin Memory Technologies has announced that the chip manufacturing equipment it needs will not be subject to US export controls,
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Net income of CROWN Asia Chemicals Corp. in the first quarter fell by 25.73% to 56.16 million pesos from 75.62 million pesos a year earlier due to lower export sales. “Revenue also declined in the first three months of 2023 to 329.46 million pesos from 514.64 million pesos mainly due to lower export sales …
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Introduced last year in the United States, controls on the export of microchips are frozen Chinadevelopment of supercomputers used to develop nuclear weapons and artificial intelligence systems such as ChatGPT have minimal impact on China’s tech sector. Limited Supply Rules Nvidia Corp and Advanced Micro Devices Inc. chips which have become the global technology industry
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Brussels is discussing restrictions on exports of certain EU goods to countries it suspects are re-exporting sanctioned products to Russia to prevent critical components from reaching the battlefield in Ukraine. The European Commission has privately explored a legal mechanism that would allow it to restrict sales of a narrow range of products to some third
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According to an OECD report, Beijing is at the forefront of expanding export restrictions on critical minerals that limit the availability and increase prices of raw materials needed for a clean energy transition. More than 13,000 restrictions were in place by the end of 2020, a fivefold increase in more than a decade, meaning that
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City of Davao. Durian has officially become one of the city’s main exports after local producers sent 28 tons of fruit on a chartered cargo flight to Beijing, China on April 6 last year. The Department of Agriculture (DA) said it will also be monitoring developments related to Manila’s direct export agreement with Beijing, which
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Russia may pull out of a wartime deal allowing Ukrainian grain exports to world markets unless the West removes barriers to Russian agricultural exports, a senior Moscow diplomat suggested on Friday. The deal, which was brokered by the UN and Turkey in July, unlocked supplies that were stuck in blocked and mined ports in Ukraine,
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An agreement allowing Ukraine to export grain to world markets by sea despite Russia’s blockade of the Black Sea has been extended, the UN, as well as the governments of Ukraine and Turkey, said Saturday. The Black Sea Grain Initiative, agreed in July under UN auspices and brokered by Turkey, has allowed Ukraine to ship
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