PH trade deficit narrowed in March

PTVPhilippines

PH trade deficit narrowed in March;   PH VaPi for manufacturing declined in March;   DOLE holds job fair in Pasay;   GSIS providing debt-relief program for housing loan borrowers

Transcript

00:00 The Department of Labor and Employment or DoLE with the help of the private sector held a job fair in Pasay City

00:06 This and other stories in tonight's business news wrap-up

00:10 Data from the Philippine Statistics Authority or PSA showed trade deficit narrowed in March as

00:18 imports contracted at a faster pace than exports. The balance of trade in goods or the difference between

00:25 the value of exports to the value of imports was recorded at 3.18 billion pesos

00:31 which indicates a trade deficit that is lower than the

00:35 5.018 billion peso deficit in the previous year

00:39 The manufacturing output of the country in volume and value declined in March according to the Philippine Statistics Authority or PSA

00:48 The value of production index or VAPI

00:52 contracted 1.7% which is in stark contrast to the expansion in March of the previous year

00:59 which was at 9.1%

01:01 The Department of Labor and Employment or DoLE in partnership with the private sector held a job fair at a popular mall in

01:11 Pasay City. The event aims to provide job seekers the opportunity to finally acquire a means of living at a time when the

01:19 country's unemployment rate was recorded to have gone up by 0.4% in March

01:24 equivalent to some 2 million jobless individuals

01:28 The Government Service Insurance System or GSIS is providing a debt relief program to borrowers who are having a hard time

01:36 making payments to housing loan. GSIS president and general manager

01:41 Wick Veloso said the program aims to help thousands of families under the said program and ease the pressure and stress

01:49 from financial obligations

01:51 William Theo for the National TV Network to a new and better Philippines

Category

Transcript

Recommended