Treasury Secretary Scott Bessent speaks to reporters outside the West Wing of the White House, Wednesday, April 9, 2025, in Washington, with White House press secretary Karoline Leavitt. (AP Photo/Jacquelyn Martin) WASHINGTON (AP) — Facing a global market meltdown, President Donald...
The Philippines' relatively lower reciprocal tariffs, to be levied by the United States (US) on imports, will shield domestic banks from larger losses due to the economic fallout, according to the debt watcher Moody's Ratings. Across the Asia-Pacific region, where many countries will be slapped...
President Donald Trump, left, shakes hands with Israel's Prime Minister Benjamin Netanyahu as he leaves the West Wing of the White House, Monday, April 7, 2025, in Washington. (AP Photo/Mark Schiefelbein) WASHINGTON (AP) — President Donald Trump said Monday the U.S. will hold direct...
The Philippines is eyeing the reduction of tariffs on products from the United States (US) in a bid to reverse US President Donald Trump’s imposition of 17-percent tariffs on Philippine imported goods, according to Trade Secretary Cristina Roque. “Definitely, of course, definitely,” Roque...
United States (US) President Donald Trump's reciprocal tariffs on the Philippines could further slow the already subpar economic growth expected this year, according to DBS Bank Ltd. of Singapore. In an April 7 report, DBS Group Research chief economist Taimur Baig and senior economist Radhika Rao...
Another round of oil price pain is looming over the second week of April. Based on the four-day trading Mean of Platts Singapore (MOPS), gasoline prices may increase by somewhere around ₱0.30 to ₱0.70 per liter, while diesel could spike by somewhere between ₱0.20 and ₱0.70 per liter. On the...
Thursday, April 3, or depending on where you are, was a “tariffying day” across 185 economies following United States (US) President Trump’s imposition of a reciprocal tariff on goods shipped to the US. While most of the affected economies are still weighing the extent of the economic cost,...
Senate President Francis “Chiz” Escudero on Thursday, April 3 called on state economic managers to prepare and plan for contingencies and a calibrated response to the 17-percent tariff that the United States will impose on Philippine exports starting April 9, 2025. Senate President...
Albay 2nd district Rep. Joey Salceda (PPAB) Ever the optimist, economist-solon Albay 2nd district Rep. Joel Salceda has chosen to look at the bright side of the Trump administration's tariff-geddon, which didn't spare the Philippines. In...
The Philippines will only suffer "minimal" impact from the 17-percent reciprocal tariff imposed by the United States government on the products it is importing from the country, Malacañang said. US President Donald Trump (White House) While Palace has yet to determine the industries that...
President Donald Trump (AP Photo/Mark Schiefelbein, File) WASHINGTON (AP) — After weeks of White House hype and public anxiety, President Donald Trump is set Wednesday to announce a barrage of self-described "reciprocal" tariffs on friend and foe alike. The new tariffs — coming...
The Philippine peso's gains against the United States (US) dollar at the start of the year may be erased by the widening current account deficit, according to the World Bank. In its Philippines Monthly Economic Developments report for March 2025, the Washington-based multilateral lender noted that...
