With a soon-to-be-finalized trade deal that benefits the United States (US) more than the Philippines, the latter’s exports and foreign direct investments (FDIs) would take a hit and lose out to its Southeast Asian neighbors, according to the Economist Intelligence Unit (EIU). “The...
National Disaster Risk Reduction and Management Council (NDRRMC) Chairman and Department of National Defense (DND) Secretary Gilberto Teodoro Jr. deeply appreciated the provincial government of Sulu for sending relief goods to help victims of recent storms in Luzon get back up on their feet. In a...
At a time when the world grows noisier by the minute, Segundo D. Matias Jr. chooses to speak through stories—ones that empower, provoke, and protect. With the way he tells stories, this publisher and author, widely known as Kuya Jun, has become one of the celebrated Filipino writers. Recently,...
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said the southwest monsoon (habagat) will be the dominant weather system during President Ferdinand R. Marcos Jr.’s State of the Nation Address (SONA) on Monday, July 28. In the weekend leading up to the...
With President Ferdinand Marcos Jr. only managing to secure a one-percentage-point (ppt) reduction in tariffs on Philippine exports to the United States (US), the country is seen to lose its “minimal” competitive edge over its regional peers—an advantage it enjoyed due to a strong peso and...
United States (US) President Donald Trump’s move to reduce the threatened tariffs on Philippine exports by a mere one percentage point (ppt) still positions the country in a favorable light for foreign direct investments (FDIs), according to the Department of Trade and Industry (DTI). Trump said...
Central banks in Southeast Asia, where economies like the Philippines export a wide array of goods to the United States (US), are expected to cut interest rates some more as tariffs take effect next month, according to the think tank Capital Economics. In a July 23 report, Capital Economics senior...
Citing still favorable inflation data, President Marcos’ chief economic manager said the Bangko Sentral ng Pilipinas (BSP) could proceed with delivering two quarter-point cuts in the key interest rate by year-end even if the United States (US) Federal Reserve (Fed) decides to pause its easing...
The Department of Justice (DOJ) has filed criminal charges against popular footwear brand World Balance and its corporate officers for an alleged ₱178.8 million in basic tax deficiencies, a result of the company 's use of fictitious receipts from ghost companies. In a statement on Monday,...
With the next State of the Nation Address (SONA) fast approaching, the country’s leading group of employers is urging President Ferdinand Marcos Jr. to use the platform to declare his opposition to legislated wage hikes, maintaining that wage-setting should be left to regional wage boards. The...
Finance Secretary Ralph G. Recto said the Philippines could consider accommodating zero tariffs on certain American goods entering the local market as President Ferdinand Marcos Jr.’s economic managers prefer more free trade agreements (FTAs)—including with the United States (US) after the...
Despite hitting its first-half collection target of ₱1.5 trillion and even modestly exceeding it, the Bureau of Internal Revenue (BIR) hinted at the possibility of downscaling its full-year ₱3.2 trillion target, as the country’s main tax collection agency may fall short of it. “I think...
