While the Philippines has made strides in reducing poverty, uncertainties wrought by the looming global trade war may reverse some gains, according to the World Bank. "Employment indicators suggest continued poverty reduction since 2023. The unemployment rate fell to 3.8 percent in 2024 (from 4.4...
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),...
Chinese designer toy giant Pop Mart International Group is eyeing expansion in the Philippines as part of its broader push into Southeast Asia, according to the Department of Trade and Industry (DTI). In a statement on Tuesday, April 22, the DTI said it facilitated the Manila visit of Pop Mart...
While the share of the Philippine government's budget deficit and debt to the economy are going down and "stabilizing," respectively, the ASEAN+3 Macroeconomic Research Office (AMRO) is urging fiscal authorities across the region to remain prudent in spending on public goods and services as a...
A Hong Kong-based garments company is looking to expand its manufacturing capacity in the Philippines to take advantage of the country’s relatively low tariff rates once the postponed reciprocal tariffs are lifted after 90 days. Department of Trade and Industry (DTI) Secretary Cristina Roque...
Japan and the United Kingdom (UK) have signaled concerns over a proposed measure in the Philippines that would impose a ban on the country’s export of raw minerals, according to the World Trade Organization (WTO). In a statement on its website, the WTO said the country’s proposed “export...
China’s Ambassador to the Philippines Huang Xilian (Photo by John Louie Abrina) Despite global economic shifts brought about by the imposition of tariffs by the United States, the Chinese government will remain steadfast in its commitment to multilateralism, free trade, and “win-win”...
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...
Surging United States (US) tariffs will weaken the global economy and push up inflation this year, according to projections to be released next week by the Washington-based multilateral lender International Monetary Fund (IMF). The IMF’s Managing Director, Kristalina Georgieva, said Thursday,...
The Department of Trade and Industry (DTI) has allowed the sale, distribution, and advertising of vape products on e-commerce and other digital platforms, provided that sellers require buyers to register first to prevent minors from purchasing. Under Department Administrative Order (DAO) No. 25-04,...
Chinese President Xi Jinping waves as he boards his plane for departure at Noi Bai International Airport in Hanoi, Vietnam Tuesday, April 15, 2025. (Athit Perawongmetha/Pool Photo via AP) BANGKOK (AP) — China's President Xi Jinping is making the case for free trade as he tours Southeast...
