Japanese financial giant MUFG Bank Ltd. sees a mild impact arising from the potentially higher United States (US) tariff set to be imposed on Philippine goods imported into America. “This announcement is to some extent a downside surprise for our FX [foreign exchange] and macro forecasts, given...
Department of Trade and Industry (DTI) Secretary Cristina Roque said the government remains “optimistic” about securing a beneficial trade deal with the United States (US), even as President Donald Trump hiked tariffs on Philippine goods to 20 percent. “Of course we’re always optimistic,...
WASHINGTON — President Donald Trump singled out Brazil for import taxes of 50% on Wednesday for its treatment of its former president, Jair Bolsonaro, showing that personal grudges rather than simple economics are a driving force in the U.S. leader’s use of tariffs. Trump avoided his standard...
With new tariffs turning out “worse than expected” for Asian economies, Dutch financial giant ING said the Philippines’ exclusion from the revised list could give the country a trade advantage, potentially allowing it to outperform its regional peers. “Interestingly, countries like India,...
WASHINGTON (AP) — President Donald Trump said Monday the U.S. will have to send more weapons to Ukraine, just days after ordering a pause in critical weapons deliveries to Kyiv. The comments by Trump appeared to be an abrupt change in posture after the Pentagon announced last week that it would...
WASHINGTON (AP) — President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other nations that would go into effect on Aug. 1. Trump provided notice by posting letters on Truth Social that were addressed to the leaders of...
CAIRO (AP) — U.S. President Donald Trump says Israel has agreed on terms for a new 60-day ceasefire with Hamas and that Washington would work with both sides during that time to try to end more than 20 months of war in Gaza. Neither side has accepted the proposal announced Tuesday by Trump, who...
TEL AVIV, Israel (AP) — U.S. President Donald Trump on Sunday urged progress in ceasefire talks in the 20-month war in Gaza between Israel and Hamas, though some weary Palestinians were skeptical about the chances. Israel issued a new mass evacuation order for parts of northern Gaza. Ron Dermer,...
The Philippine Embassy in Tel Aviv announced that Israel is now back to its “full activity status” after a fragile ceasefire seemed to have held hours after it began. The advisory was posted on the embassy’s Facebook account on Wednesday, June 25. “Kasunod ng pag anunsyo ng ceasefire...
Filipinos in the United States are advised to be alert and to be cautious after Washington hit Iranian nuclear sites over the weekend, Philippine Ambassador to Washington Jose Manuel “Babe” Romualdez said on Monday, June 23. In an interview on DZBB, the envoy clarified that “there is no...
Israel 's military said Monday it was striking around Iran 's western city of Kermanshah, as fears of a wider regional conflict loomed large after the United States inserted itself into Israel 's war by attacking Iranian nuclear sites. The operation raised urgent questions about...
Senators on Monday, June 23 called on the government to intensify its preparation for evacuation efforts for overseas Filipino workers (OFWs) in the Middle East following the unprecedented attack of the United States on Iran’s nuclear facilities. Sen. Panfilo “Ping” Lacson expressed fears the...
