As fuel prices continue to weigh on the export sector, the Philippine Exporters Confederation Inc. (Philexport) is calling for the suspension of the 12-percent value-added tax (VAT) to ease cost pressures on businesses and consumers. In a statement on Thursday, April 16, Philexport president Sergio...
The Department of Agriculture (DA) has formed a new standalone office aimed at boosting the competitiveness of local high-value crops such as bananas and ube in foreign markets amid an increasingly complex global value chain. Under Department Order (DO) No. 12 dated April 8, Agriculture Secretary...
The country’s electronic exports are projected to more than double to $110 billion by 2030 through a strategic roadmap aimed at moving the local industry up the value chain, according to the Department of Trade and Industry (DTI). “Semiconductors are our number one export, and we want to keep...
The Department of Trade and Industry (DTI) is prepared to adjust and potentially lower its investment and export targets for the year as the ongoing war in the Middle East casts a shadow over global trade and the country’s investment appeal. Trade Secretary Cristina Roque told reporters that the...
Rising input costs driven by the conflict in the Middle East may impact the United States’ (US) dominance in shipments of major agricultural products to the Philippines, according to the US Department of Agriculture (USDA). In a report, the USDA identified surging input costs, on the back of...
On the heels of a record-high performance in 2025, the country’s merchandise exports may post flat growth this year as the ongoing war in the Middle East drives up fuel costs and disrupts supply chains, according to the Department of Trade and Industry (DTI). “To be honest, it 's hard to...
The Department of Trade and Industry (DTI) has urged local exporters to begin testing their food products for mineral oil aromatic hydrocarbons (MOAH), warning that a proposed European Union (EU) policy could block their entry into the region. In a statement, the DTI notified food exporters of a...
The Philippines’ goods trade with the rest of the world grew faster in February, ahead of the conflict in the Middle East posing a threat to the country’s exports. The latest preliminary Philippine Statistics Authority (PSA) data on Friday, March 27, showed that total external trade rose 10.7...
The Philippine electronics industry, the nation’s primary engine for trade, faces a potential “disastrous” disruption as escalating conflict in the Middle East threatens to ground cargo flights and sever just-in-time supply chains. Semiconductor and Electronics Industries in the Philippines...
Chinese imports to the Philippines and Philippine exports to the United States (US) surged in the first quarter, amid escalating trade tensions between Washington and Beijing that threaten to disrupt the global economy. The latest preliminary Philippine Statistics Authority (PSA) data on Wednesday,...
Net importing countries like the Philippines should brace for a barrage of Chinese goods as China seeks alternative markets to the United States (US) amid intensifying trade tensions between the two economic giants, according to the think tank Capital Economics. In an April 15 report, Capital...
The tariff exemption on electronic products ordered by United States (US) President Donald Trump would provide the Philippines' top export commodity some relief, according to Japanese financial giant MUFG Bank Ltd. This will reinforce the Philippines' position among the emerging markets relatively...
