Import bill swells past P15.6 billion

According to recently released Central Statistics Office (CSO) data, total imports up to May 2010 this year amount to P15.6 billion representing an increase of 21.5 percent over the value of imports between January and May 2009.

The CSO report explains that figure of P15.6 billion does not include June figures and for May, factors in about 95 percent of imports. Thus, the CSO expects to soon revise the statistics, when it releases its trade figures for the second quarter.