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The trade deficit in April was the widest in five months. — PHILIPPINE STAR WALTER BOLLOZOSBy Beatriz Marie D. Cruz, Reporter THE PHILIPPINES’ trade deficit narrowed year on year in April but posted the widest level in five months, as exports and imports posted

PHILIPPINE STAR/KRIZ JOHN ROSALESBy Luisa Maria Jacinta C. Jocson, ReporterTHE PHILIPPINES’ fiscal consolidation plan may be too “ambitious,” the International Monetary Fund (IMF) said, noting that the government still has room to raise taxes to generate much-needed revenues.IMF Mission Chief Elif Arbatli Saxegaard said the