Bangko Sentral ng Pilipinas (BSP) Assistant Governor Zeno Ronald R. Abenoja was officially sworn in on Tuesday, May 20, as the new Deputy Governor for the Monetary and Economic Sector, succeeding Francis Dakila following his recent retirement. BSP Governor Eli M. Remolona Jr. administered the oath...
The Philippines remains firm in promoting a rules-based multilateral trading system amid recent upheavals in global trade, such as the United States’ (US) new tariff policy, according to Department of Trade and Industry (DTI) Secretary Cristina Roque. Roque served as the country’s delegate at...
The Department of Trade and Industry (DTI) is looking to partner with American technology giant Google to pursue investments aimed at enhancing the country’s digital infrastructure and capabilities. Trade Secretary Cristina Roque met with top officials of Google last week on the sidelines of the...
Trade chiefs of the 21 member economies of the Asia-Pacific Economic Cooperation (APEC) issued a joint statement calling for strategic reforms in international trade as the region grapples with uncertainties driven by two of its members: China and the United States (US). In a statement issued after...
The Philippine Economic Zone Authority (PEZA) is teaming up with Japan-based sustainability solutions provider Zeroboard Inc. to promote decarbonization in its economic zones. In a social media post, PEZA said it has entered into a memorandum of understanding (MOU) with Zeroboard. The agreement...
The Philippine Economic Zone Authority (PEZA) has partnered with CTBC Bank (Philippines) Corp. to promote the Philippines as an attractive investment destination. In a statement, the investment promotion agency (IPA) said PEZA Director General Tereso Panga and CTBC Bank President and Chief...
The United Nations (UN) on Thursday, May 15, forecast slower global economic growth this year and next, pointing to the impact of the surge in United States (US) tariffs and increasing trade tensions. UN economists also cited the volatile geopolitical landscape and threats of rising production...
Economic growth across the Asia-Pacific Economic Cooperation (APEC) region is expected to decelerate sharply in 2025, falling to 2.6 percent from 3.6 percent last year. Intensifying trade tensions and growing policy uncertainty are eroding business confidence and stifling investment in the region,...
The member economies of the Asia-Pacific Economic Cooperation (APEC), including the Philippines, have expressed support for a global measure that provides benchmarks to boost the investment and business climate of its members. In a statement, APEC is calling for the integration of the investment...
Private sector economists have slashed their gross domestic product (GDP) growth forecasts for the Philippines to as low as five percent, citing the drag from shrinking exports and the broader impact of a global trade slowdown. Singapore-based UOB has substantially shaved its full-year growth...
Department of Trade and Industry (DTI) Secretary Cristina Roque said the 5.4 percent economic growth in the first quarter of the year is a testament to the economy’s “robust resilience,” fueled by strong consumer spending and industry contributions. Roque, who heads the government agency...
Despite ongoing trade talks between the two countries, the United States has approved a $3.8-million grant for the Luzon Economic Corridor, which seeks to accelerate coordinated investments in high-impact infrastructure projects. Special Assistant to the President for Investment and Economic...
