The Philippines will only suffer "minimal" impact from the 17-percent reciprocal tariff imposed by the United States government on the products it is importing from the country, Malacañang said. US President Donald Trump (White House) While Palace has yet to determine the industries that...
Despite a slight narrowing of the trade deficit, the country’s exports and imports slumped to five-month lows in November due to storms and a weakening global economy. The country's trade balance, or the difference between the value of exports and imports, amounted to a deficit of $4.77 billion...
FOR THURSDAY ISSUE The Philippines' banana exports to South Korea will enjoy zero tariffs over the next five years, following the bilateral free trade agreement (FTA) taking effect in January next year. Department of Trade and Industry (DTI) Secretary Maria Cristina A. Roque said at a press...
The country’s trade deficit widened by 36.8 percent to $5.8 billion in October this year compared to the previous year, driven by a surge in imports and a decline in exports. Data from the Philippine Statistics Authority (PSA) showed that the country's total external trade in goods reached $18.13...
After narrowing in August, the country's trade deficit widened again in September as exports fell sharply while imports continued to rise, the Philippine Statistics Authority (PSA) reported. PSA data showed the trade balance—the difference between exports and imports—increased to a...
Philippine-assembled electronics—the country's top merchandise export—may be hurt by bigger Chinese production, the World Bank said. In an Oct. 31 report, the Washington-based multilateral lender cited that the Philippines' semiconductor exports shrank 13.8 percent year-on-year in...
Moody’s Analytics expects that this year’s dismal foreign trade performance will rebound next year, aligning with government expectations. “The trade performance this year has been underwhelming, but we see opportunities for a pickup in 2025,” Moody’s Analytics said. In August, the...
Artificial intelligence will be a friend, not a foe, to the electronics manufacturing industry in the Philippines and elsewhere in Asia that's enjoying an AI-backed boom, according to the think tank Oxford Economics. "Of global semiconductor production capacity and supplies of key materials, 75...
The surprise robust growth in merchandise exports and imports at the start of the second quarter augured well for rosier Philippine economic prospects, according to Deutsche Bank Research. In a recent report, the German bank's research arm noted that the 26.4 percent year-on-year climb in April...
The country’s trade deficit improved in February this year, driven by a strong increase in exports outpacing the growth in imports, data from the Philippine Statistics Authority (PSA) showed. The balance of trade in goods, representing the difference between export and import values, recorded a...
President Ferdinand "Bongbong" Marcos Jr. told foreign trade partners that the Philippines will be a reliable partner and will be ready to deliver as it moves to improve its export performance. President Ferdinand 'Bongbong' Marcos Jr. (Ali Vicoy) Speaking at the international trade forum in Taguig...
The Philippines must elevate its export performance, President Ferdinand "Bongbong" Marcos Jr. said on Thursday, June 15. President Ferdinand 'Bongbong' Marcos Jr. (Noel B. Pabalate) Marcos said that through the Philippine Export Development Plan (PEDP) 2023-2028, the country will be able to do...
