DTI Undersecretary and BOI managing head Lucita Reyes

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

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