Growth is forecast to slow somewhat in the Philippines’ freight transport on the whole, with a few exceptions to this rule (the ports of Cagayan de Oro and Davao are forecast to record minimal annual growth in 2013, compared with large contractions last year). We put this trend down to both a slowdown in the Philippine economy and in that of its key export partner, China, which have fed through to the country’s supply chain. Philippine exports decreased by 2.7% year-on-year (y-o-y) in January 2013, breaking the four month-long trend of expansion that had been in play since September 2012. …
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