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,...
Emerging market (EM) currencies, including the Philippine peso, gained versus the United States (US) dollar in the aftermath of US President Donald Trump's tariff spree, according to the think tank Capital Economics. "EM currencies have generally strengthened against the dollar since 'Liberation...
President Marcos got to have short exchanges with United States President Donald Trump and former US president Joseph Biden as they attended Pope Francis' wake at the Vatican on Saturday, April 26. SHORT MEETING — President Ferdinand 'Bongbong' Marcos Jr. exchange pleasantries with US President...
President Donald Trump, right, meets with Russian President Vladimir Putin at the G-20 Summit in Hamburg, July 7, 2017. (AP Photo/Evan Vucci, File) WASHINGTON (AP) — Even in the realm of Donald Trump's long-preferred style of punch-through-the-static communication, this was quite...
Amid a looming global trade war, the World Bank slashed its 2025 and 2026 growth forecasts for the Philippines to levels that would bring two-year economic expansion to their slowest pace post-pandemic. According to the Washington-based multilateral lender’s East Asia and Pacific Economic Update...
An abandoned car stands against the background of damaged buildings in central Pokrovsk, the site of the heaviest battles with the Russian troops in the Donetsk region, Ukraine, Wednesday, April 23, 2025. (AP Photo/Michael Shtekel) KYIV, Ukraine (AP) — President Donald Trump on Wednesday...
The Philippines' economic growth would fall below expectations in the next two years as the threat of a global trade war intensifies, according to the International Monetary Fund (IMF). In its April 2025 World Economic Outlook (WEO) report, published on Tuesday night, April 22 (Philippine time),...
The local stock market inchd up despite losses in the US caused by Trump’s increasing attempts to influence the US Federal Reserve. The main index added 7.59 points or 0.12 percent to close at 6,145.59 as Miners led the advance, with only Banks retreating. Volume was thin at 593 million shares...
The peso gained a hefty 19 centavos against the United States (US) dollar on Monday, April 21, closing at ₱56.61 from ₱56.8 last April 16. Philippine markets were closed during the observance of Holy Week. The local currency hit an intraday high of ₱56.48 and a low of ₱56.65 after opening...
Philippine Ambassador to the United States Jose Manuel “Babe” Romualdez on Monday, April 21, denied reports that Filipinos are being sent back to the Philippines amid United States President Donald Trump’s immigration crackdown. Philippine Ambassador to Washington Babe Romualdez raises...
The Philippines would be mildly impacted by the brewing global trade war started by United States (US) President Donald Trump and may even emerge as a "winner," according to the think tank Oxford Economics. "There are no absolute winners in a trade war, but some will fare relatively better than...
Dutch financial giant ING expects the Philippine peso to depreciate against the United States (US) dollar in the near term as the US President Donald Trump-led global trade war rages on and the domestic economy weakens. "We look for the Singapore dollar and Philippine peso to underperform in a...
