Philippine exports fell 3.8% in May vs. a year earlier, according to government figures, including a 4% decline in semiconductors. This was the 16th straight monthly fall, and an upturn seems unlikely near term. Panjiva data shows seaborne shipments to the U.S. (the Philippines’ largest export market) fell 8.3% in May, and as much as … Continue reading “Philippine Exports Fall for 16th Month”