Department of National Defense (DND) Secretary Gilberto Teodoro Jr. urged the support of the business community as he stressed the need to build a credible deterrence aimed at protecting both national sovereignty and economic progress in the face of China’s growing influence in the South China...
The American private sector is set to pour fresh investments into the Philippines, underscoring the country’s standing as a strategic partner in Southeast Asia, according to the US-ASEAN Business Council (USABC). In a statement, the USABC said that a delegation of 35 United States (US)-based...
“I was thrilled,” Bangko Sentral ng Pilipinas (BSP) Deputy Governor for regional operations and advocacy sector, Bernadette “Berna” Romulo-Puyat, unabashedly shared her feelings about her close encounter with US Federal Reserve (US Fed) Chairman Jerome Powell. DG Berna was among the...
Head of the Philippines’ largest bank believes the country’s economy will be shielded from the direct fallout of new United States (US) tariffs, but warned of a larger, global danger that could ripple back to the country through remittances. Speaking with Channel News Asia (CNA), BDO Unibank...
Senator Imee Marcos has sounded the alarm over the potential fallout of the United States’ move to impose 100% tariff on Philippine semiconductor exports, a sector valued at USD 4.5 billion to USD 6 billion in annual shipments to the US. “We cannot underestimate the devastating impact these...
The Marcos administration is pushing for the exemption of the Philippines from the planned imposition of a 100 percent tariff threatened by United States (US) President Donald Trump on foreign-made semiconductors, cushioning the industry from a potential slowdown in investments. Special Assistant...
Following a request from the Philippine government and in coordination with the Armed Forces of the Philippines (AFP), the US Indo-Pacific Command deployed marine corps, Air Force Ospreys, and Air Force MC-130Js, deliver life-saving relief items to communities in Northern Luzon recently affected by...
The World Trade Organization (WTO) has revised downward its forecast for global trade growth next year to 1.8 percent from an initial estimate of 2.5 percent as the United States’ (US) reciprocal tariffs come into effect. In its latest trade forecast, the Geneva-based trade body said recent...
The Philippines and Southeast Asia may attract foreign investments avoiding China and India if the United States (US) pushes through with its threat of higher tariffs on Indian goods, according to the think tank Capital Economics. “[US] President [Donald] Trump’s threat to impose an additional...
The United States has allocated an additional P13.8 million worth of funding for emergency shelter assistance and hygiene kits to the victims of the recent typhoons and flooding in Luzon. The US Embassy in Manila said in a statement on Friday, Aug. 8, that the new provision will cover some 3,000...
Expectations of further cuts in key borrowing costs as early as this month have grown stronger, driven by last month’s nearly six-year low inflation and lingering economic threats from United States (US) tariffs. Following the below one-percent headline print in July, private-sector economists...
The local agriculture industry may soon see stronger trade ties with Canada, as its agriculture and agri-food minister expressed confidence in deepening the North American country ’s trade relationship with the Philippines. Despite tariff uncertainties in the United States (US), Heath...
