United States (US) President Donald Trump’s move to reduce the threatened tariffs on Philippine exports by a mere one percentage point (ppt) still positions the country in a favorable light for foreign direct investments (FDIs), according to the Department of Trade and Industry (DTI). Trump said...
Finance Secretary Ralph G. Recto said the Philippines could consider accommodating zero tariffs on certain American goods entering the local market as President Ferdinand Marcos Jr.’s economic managers prefer more free trade agreements (FTAs)—including with the United States (US) after the...
The Philippines remains committed to economic reform and expanding trade partnerships with other countries despite Washington’s move to impose a 20 percent tariff on Philippine exports starting Aug. 1, a Palace official said. In a press briefing, Special Assistant to the President for Investment...
The Marcos administration will send a delegation to the United States next week to negotiate a potential lowering of the newly imposed 20 percent reciprocal tariff on Philippine exports, a move that the government described as concerning. Special Assistant to the President for Investment and...
The Philippine Stock Exchange, Inc. (PSE) thanked President Ferdinand R. Marcos Jr. for signing into law R.A. No. 12214 or the Capital Markets Efficiency Promotions Act (CMEPA). “The immediate reduction of the stock transaction tax (STT) to 0.1 percent from 0.6 percent is a much-awaited reform...
Regulators and stock market players are welcoming the enactment of the Capital Markets Efficiency Promotion Act (CMEPA), as it is key to attracting more investors and boosting trading activity on the local bourse. "The passage of CMEPA sends a clear message to both domestic and global investors...
The newly signed Capital Markets Efficiency Promotions Act (CMEPA) is projected to generate over ₱25 billion in net revenue gains over the next five years, according to the Department of Finance (DOF). Finance Secretary Ralph G. Recto said CMEPA also supports the country’s medium-term fiscal...
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...
The Philippines and the United States concluded on a “constructive and positive note” their trade talks amid the US’ imposition of reciprocal tariffs on Philippine goods. Philippine Special Assistant to the President for Investment and Economic Affairs, Secretary Frederick Go (right),...
Despite the United States (US) imposing temporarily suspended tariffs, members of the Marcos Cabinet expressed confidence that trade relations between Manila and Washington will be more robust ahead of their upcoming high-level meeting. “We are confident that, through our strong economic and...
The Philippines stands to gain a slight advantage over its Asian neighbors despite the new reciprocal tariffs imposed by the United States, a Palace official said on Thursday, April 10. Special Assistant to the President for Investment and Economic Affairs Secretary Frederick Go (RTVM Screenshot)...
Korea's Trade Minister Ahn Duk-geun, third from left, and Special Assistant to the President of the Philippines for Investment and Economic Affairs Frederick Go, third from right, pose during the Philippine Business Forum, co-hosted by The Korea Times and the Philippine government, at the Korea...
