Despite double-digit exports growth in the first five months of the year, economic think tanks expect the sales of Philippine-made goods overseas to falter in the second half, especially if United States (US) President Donald Trump pushes through with his tariff spree. “Exports are also likely to...
Philippine economic growth would likely further slow in the next two years to remain below the government’s more ambitious annual targets amid a global deceleration fueled by trade and geopolitical tensions, according to the Washington-based Institute of International Finance (IIF). A June 25...
Department of Trade and Industry (DTI) Secretary Cristina Roque is open to the proposed extension of trade talks with the United States (US), as the government races to lower the reciprocal tariffs the Philippines is set to face on July 9. Roque expressed this sentiment on Wednesday, June 18,...
Flag carrier Philippine Airlines (PAL) has relaunched its cargo service to stay in tune with the latest developments in the cargo industry, amid the impending threat of tariff policies that could disrupt global trade. During a media launch on Monday, June 16, the Lucio Tan-led airline unveiled the...
The Department of Agriculture (DA) is in support of a recommendation from a House of Representatives panel to revert the rice tariff rate from 15 percent to 35 percent—on the condition that this will be implemented gradually. During the final hearing of the House quinta committee on Wednesday,...
Singapore 's DBS Bank Ltd. expects the Bangko Sentral ng Pilipinas (BSP) to end its easing cycle in the third quarter of this year—a year after it began loosening monetary policy in August last year. "The Philippine central bank, the BSP, is on course with its rate cuts. Another 50-basis...
Malacañang said the Philippines is satisfied with the ongoing tariff negotiations with the United States amid the 17 percent reciprocal tariff imposed by US President Donald Trump to the country. When asked if the Philippines is satisfied with the ongoing trade talks with the US, Palace Press...
Low-cost carrier Cebu Pacific is closely monitoring the potential fallout from the reimposition of the United States’ new tariff policy on its record ₱1.4 trillion deal to purchase aircraft from European manufacturing giant Airbus SE. In October last year, the Gokongwei-led airline finalized a...
President Marcos said Chinese Premier Li Qiang shared the same concern over the economic risks posed by the United States’ unilateral tariff regimes, saying they do not want it to carry on. Marcos shared in an interview with reporters in Kuala Lumpur, Malaysia that he was able to have a brief...
Many developing economies, including the Philippines, are expected to lose their competitiveness in the United States (US) market once the currently suspended tariffs imposed by the Trump administration are reinstated, according to the United Nations Conference on Trade and Development (UNCTAD)....
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 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...
