Despite recent pronouncements by the Bangko Sentral ng Pilipinas (BSP) that one more policy rate cut before year-end would maintain the “Goldilocks” level, the Economist Intelligence Unit (EIU) still forecasts two more reductions at each of the two remaining Monetary Board (MB) interest rate...
WASHINGTON (AP) — President Donald Trump has plastered tariffs on products from almost every country on earth. He’s targeted specific imports including autos, steel and aluminum. But he isn’t done yet. Trump has promised to impose hefty import taxes on pharmaceuticals, a category of products...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has expressed concern over growing divisions among United States (US) officials on the monetary policy direction of the world’s largest economy. On the sidelines of the Manila Tech Summit on Tuesday, Aug. 26, Remolona told reporters...
Asian exports, including those from the Philippines, are seen remaining resilient in the second half of the year, contrary to earlier expectations that regional shipments would slump once front-loading ahead of United States (US) tariffs wane, according to the think tank Capital Economics....
WASHINGTON (AP) — President Donald Trump said Monday he 's begun arrangements for a face-to-face meeting between Vladimir Putin and Volodymyr Zelenskyy to discuss a pathway to end Russia 's invasion of Ukraine, while affirming that the U.S. would back European security guarantees aimed...
BRUSSELS (AP) — European Union leaders appealed on Tuesday to U.S. President Donald Trump to defend their security interests at a key summit with his Russian counterpart Vladimir Putin later this week over the war in Ukraine. The Europeans are desperate to exert some influence over a Friday...
WASHINGTON (AP) — President Donald Trump said Monday that he expected to determine mere moments into his meeting with Russian leader Vladimir Putin this week whether it would be possible to work out a deal to halt the war in Ukraine. "At the end of that meeting, probably the first two minutes, I...
The World Trade Organization (WTO) has revised downward its forecast for global trade growth next year to 1.8 percent from an initial estimate of 2.5 percent as the United States’ (US) reciprocal tariffs come into effect. In its latest trade forecast, the Geneva-based trade body said recent...
The Philippines and Southeast Asia may attract foreign investments avoiding China and India if the United States (US) pushes through with its threat of higher tariffs on Indian goods, according to the think tank Capital Economics. “[US] President [Donald] Trump’s threat to impose an additional...
WASHINGTON (AP) — President Donald Trump began levying higher import taxes on dozens of countries Thursday, just as the economic fallout of his monthslong tariff threats has begun to create visible damage for the U.S. economy. Just after midnight, goods from more than 60 countries and the...
WASHINGTON (AP) — President Donald Trump could meet in person with Russian President Vladimir Putin as soon as next week as he seeks to broker an end to the Russia-Ukraine war, a White House official said Wednesday. The official cautioned that a meeting has not been scheduled yet and no location...
The local agriculture industry may soon see stronger trade ties with Canada, as its agriculture and agri-food minister expressed confidence in deepening the North American country ’s trade relationship with the Philippines. Despite tariff uncertainties in the United States (US), Heath...
