MANILA – Lower payments for imported mineral fuels and lubricants and capital goods significantly outweighed the sustained growth in imports of raw materials and intermediate and consumer goods in May 2014 resulting in a 9.6 percent decline from May 2013, according to the National Economic and Development Authority (NEDA). “The reversal in import payments for continue reading : Imports decline by 9.6 percent in May 2014: Businesses urged to invest in imported capital goods to boost competitiveness