SUMMARY
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The Philippines’ imports fell for the second straight month in June due in part to the congestion at Manila ports, the government said. At least 3 out of top 10 commodities imported in June posted declines. “The decline in the country’s imports of capital goods is a concern that needs to be addressed,” said NEDA Director-General Arsenio Balisacan. He said that the port congestion in Manila may be a contributing problem, and that the sooner the problem is addressed the better for business.
Read the full story on Rappler.
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