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...
The Philippines will get a P3 billion ($60 million) foreign assistance funding from the United States, becoming the first country to receive foreign aid since US President Donald Trump took office earlier this year. This was announced by the US State Department after President Marcos’ meeting...
Some senators on Wednesday, July 23 are disappointed over the Philippines’ failure to get a much lower tariff with the United States, following the negotiations between US President Donald Trump and Philippine President Ferdinand Marcos, Jr. Sen. Joseph Victor “JV” Ejercito, for one,...
Nothing favorable will be said about her father during President Marcos’ meeting with United States President Donald Trump, Vice President Sara Duterte said on Tuesday, July 22. Instead, she expects that “unfavorable” things will be said about former president Rodrigo Duterte, who is...
President Marcos underscored the strategic importance of the planned United States-backed ammunitions hub in Subic, saying its development is a critical component of the Philippines’ self-reliance defense program. In a joint press conference with US President Donald Trump at the White House,...
President Marcos and United States President Donald Trump reaffirmed the "ironclad" relationship between Manila and Washington as the two leaders completed their trade negotiations following their White House meeting on Tuesday, July 22. In an interview with the media at the White House, Trump...
WASHINGTON — President Donald Trump said he has reached a trade agreement with Philippine leader Ferdinand Marcos Jr., following a meeting Tuesday at the White House, that will see the U.S. slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there....
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 Philippines will benefit from the “personal connection” between President Marcos and United States President Donald Trump as it is clear the US leader values his friendship with the Marcoses, Philippine Ambassador to Washington Jose Manuel “Babe” Romualdez said. In a press conference...
The meeting between President Marcos and United States President Donald Trump will reaffirm the long-standing allies’ defense ties, building on the decades-old Mutual Defense Treaty (MDT), Philippine Ambassador to Washington Jose Manuel “Babe” Romualdez said. During a press conference on...
