The Bureau of Customs (BOC) exceeded its revenue targets for a third consecutive month in March, bolstered by the surge in trade volume and the high-profile sale of seized luxury supercars. Preliminary data showed that the BOC’s total collections for the first quarter reached ₱238.9 billion,...
The government is opening the Bicol Shelf Basin to private investors for oil and gas exploration, a move intended to bolster indigenous energy resources as the country seeks to reduce its reliance on volatile global fuel markets. The Department of Energy (DOE) on Wednesday, April 1, announced a...
The Philippines is projected to increase its consumption of wheat-based products in the current marketing year (MY) to nearly seven million metric tons (MT), although rising input costs may temper growth, according to the United States Department of Agriculture (USDA). In a report, the USDA...
The Department of Trade and Industry (DTI) rejected a petition to impose definitive safeguard duties on imported corrugating medium paper, ordering the immediate refund of cash bonds previously collected from importers to shield the local industry. In Department Administrative Order (DAO) No....
The United States (US) is targeting the expansion of its key agricultural exports to the Philippines as it launches a trade mission in Manila next month to unlock new agricultural opportunities. In a statement, the US Department of Agriculture (USDA) said it will lead an agribusiness trade mission...
The Philippines’ rice imports may increase to over five million metric tons (MT) in the upcoming marketing year (MY) 2026-2027 to plug the shortfall in domestic production, according to the United States Department of Agriculture (USDA). In a report, the USDA estimated that the country’s rice...
Let us now examine the record of the Benigno Aquino III Administration (2011 to 2016) in fiscal management. This administration anchored its economic agenda on inclusive growth driven by good governance and anti-corruption reforms. The central premise was that restoring credibility in public...
The Marcos administration has secured commitments from five nations to bolster its fuel inventory, with the Department of Energy (DOE) preparing to import more than one million barrels of diesel this April to shield the economy from global market volatility. In a briefing late Monday, March 30,...
The Department of Trade and Industry (DTI) has urged local exporters to begin testing their food products for mineral oil aromatic hydrocarbons (MOAH), warning that a proposed European Union (EU) policy could block their entry into the region. In a statement, the DTI notified food exporters of a...
The global oil price and supply shock caused by the war in the Middle East may reverse early 2026 gains by Philippine exporters, according to think tank Oxford Economics. In a report on Monday, March 30, Oxford Economics senior economist Sheana Yue said that while Asian goods exports started 2026...
Senator Francis “Kiko” Pangilinan is pushing for more government interventions to protect farmers and fishers from the mounting economic pressures caused by the ongoing conflict in the Middle East. Pangilinan warned that escalating tensions in the region are already contributing to rising...
Senator Imee Marcos expressed concern over the use of imported rice for the government’s “P20 rice” program despite the ongoing harvest season and the absence of any declared supply shortage. Marcos said that some officials appear to be prioritizing profit over protecting the welfare of...
