The United States Department of Agriculture (USDA) has downgraded its projection of the Philippines’ rice imports this year by 500,000 metric tons (MT) due to the 60-day import ban that will come into effect beginning next month. In its report on the global grains trade, the USDA’s Foreign...
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...
While Philippine gross domestic product (GDP) growth showed relative strength in the second quarter, private-sector economists believe it is not strong enough to prevent the Bangko Sentral ng Pilipinas (BSP) from further reducing interest rates, as inflation is expected to remain soft and growth...
Senator Raffy Tulfo has issued a stern warning to Filipino seafarers aboard ships entering United States (US) territorial waters to exercise extreme caution when using their electronic devices, particularly when accessing or downloading online content. Tulfo reminded seafarers that the U.S....
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...
The Philippine economy and its export industry will see no decline in output and exports from the direct impact of the 19-percent tariffs threatened by the United States (US), according to a study by De La Salle University (DLSU) economists. In a recently published policy brief titled “The tariff...
After performing among the worst of Asian currencies last week, the Philippine peso is still expected by Japanese financial giant MUFG Bank Ltd. to gradually appreciate and return to the ₱56:$1 level next year. “All Asian currencies depreciated against the United States (US) dollar [last] week,...
The Enhanced Defense Cooperation Agreement (EDCA) sites have been activated to serve as “staging areas” for the prepositioning of relief goods and rescue equipment for the victims of the recent typhoons and flooding. This was announced by United States Ambassador MaryKay Carlson in a statement...
The Department of Migrant Workers (DMW) closed eight branches of a consulting firm across the country on Friday, August 1, after it allegedly engaged in illegal recruitment of teachers and professionals in the hospitality industry, some of whom had paid up to half a million pesos just to be...
The country’s rice production is expected to reach an all-time high this year, as government interventions and improved weather conditions drove strong output in the first half, according to the Department of Agriculture (DA). Based on data from the Philippine Statistics Authority (PSA),...
