Retail in Asia

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Philippine exports soar

Philippine exports surged in January, sustaining the double-digit rise that started in December 2009, on a strong recovery in electronics shipments.

Electronics products, the country’s main export item, rose 51 percent from a year earlier to USD2.03 billion in January, accounting for 57 percent of total exports for the month.

Other exports that showed strong year-to-year gains were coconut oil, ignition wiring sets for vehicles and aircraft, petroleum products and metal components.

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(Source: The Wall Street Journal Online)