Philippines Shipping Report Q3 2013 - New Market Study Published
Exports suffered their first decline in some five months in January, it was reported in March 2013 by Reuters, with export growth coming in below consensus estimates. The slump was attributed to the declining demand for electronics. Economist Jeff Ng at Standard Chartered Bank, Singapore, explained: 'We expect the electronics sector to stabilise in the coming months, given improved semiconductor book-tobill ratio and DRAM prices.'
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