Traders struggle to cope with waning global demand
By: Michelle V. Remo
Philippine Daily Inquirer
1:13 am | Monday, October 10th, 2011
The volume of electronics exports may further contract in the months ahead as local manufacturers report declining orders from customers abroad, according to the Bangko Sentral ng Pilipinas.
The sluggish economy of the United States and the debt problems of eurozone nations—the Philippines' key export markets—resulted in waning global demand for electronics, the country's major export product, the central bank said.
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