Center for International Trade Expositions and Missions (CITEM)


PH Economy shrinks by 0.2% in Q1

Fitch revises PHL 2020 consumer spending growth forecast to 3.4%

The Philippine economy posted its worst performance in Q1 since the Asian financial crisis in 1998, with the Gross Domestic Product (GDP)...

Fitch Solutions has downgraded its household spending outlook for the Philippines to 3.4% growth in 2020-from 5.8% earlier-as consumers...

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DBM targets P50B to P70B savings to fund fight vs COVID-19

OFW remittances to shrink by 7% this year

The Department of Budget and Management (DBM) is aiming to generate between P50 billion and P70 billion in savings from...

Nomura Global Markets Research estimates that OFW remittances may shrink by 7% this year. Given the confluence of factors...

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Virus to shrink global tourism by 60%-80% this year

PH Tourist arrivals, receipts fall by 50% in January-April due to COVID-19

The World Tourism Organization (UNWTO) projects international tourism to decline by 58%-78% year-on-year in 2020, leading to a loss of USD910 B to USD1.2...

International visitor arrivals to the Philippines plummets by 54% in January-April period year-on-year to 1.3 million visitors while tourism revenues fell by 55.79% to...

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MIAA incurs revenue losses in airports since onset of COVID-19

UFI welcomes move by German authorities to reopen exhibitions and trade shows

The Manila International Airport Authority (MIAA) reported that it has incurred over a billion pesos in revenue losses in its airports since the onset of COVID-19...

UFI, the Global Association for the Exhibition Industry, has welcomed a decision by the German government to pave a way for exhibitions and trade shows in the country to reopen...

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Banana output declines to 4-year low in Q1

DTI now accepting CARES loan applications from MSMEs

Banana production in the first quarter fell to its lowest level in four years, as Fusarium wilt affected over 30,000 hectares of banana plantations and...

The Department of Trade and Industry (DTI) is now accepting loan applications from micro and small enterprises (MSMEs) struggling with the impact of COVID-19...

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Govt to distribute farm equipment worth P2B

DA to launch Kadiwa website to help farmers

The Philippine Center for Postharvest Development and Mechanization (PhilMech) said it will soon start distributing farm machines worth P2 billion to qualified farmers...

The Department of Agriculture (DA) will launch its Kadiwa website that will allow consumers to directly buy from farmers, as part of its initiative to use...

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Quarantined consumers are staying more connected with TV and social media

COVID-19 is changing the world of beauty

Media consumption is on the rise during this pandemic according to a recent Nielsen research as consumers continue to rely...

The global beauty industry has not been spared by COVID-19, seeing weak sales in the first quarter along with various store closures this year...

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5 key trends shaping consumer behavior amid COVID-19

Top Design Trends for 2020

Google research on trends shaping consumer behavior brought on by COVID-19 highlights 5 key trends that have dominated in recent months: More consumers using...

Experts across the design industry predict that 2020 will shift into a slightly more subdued gear, a reinterpretation of minimalism, a return to strong geometric forms...

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