25th meeting of the Mining Industry Coordinating Council

Phl may stop exports of unprocessed minerals

9 March, 2017 at 13:00

The Philippines is likely to lose its tag as the world’s top nickel ore exporter as the government may halt the export of unprocessed minerals as part of efforts to revive the country’s iron and steel industry, an official from the Department of Environment and Natural Resources (DENR) said yesterday.

GDP*, 2015	5.9% y-o-y growth
GDP*, 2016	6.8% y-o-y growth
GDP Per Capita, 2016f	$3,569
Exports**, 2015	$58.83 billion (revised)
Exports**, 2016	$56.23 billion (preliminary)
FDI Inflows, 2015	$5.8B (revised)
FDI Inflows, Jan-Dec 2016	$7.9B
Poverty Incidence, % of Pop, 2015	21.6%
Population, 2017	103.8 million
Income Classification (WB)	Lower Middle Income
*in constant 2000 prices
**in current prices

Get the latest Arangkada news from here and abroad. Brought to you by MailChimp.

All rights to the stock images are owned by Getty Images and its image partners and are protected by United States copyright laws, international treaty provisions and other applicable laws.
Getty Images and its image partners retain all rights and are available for purchase by visiting gettyimages website.
Arangkada Philippines: A Business Perspective — Move Twice As Fast | Joint Foreign Chambers of the Philippines