The agriculture sector could be in deep trouble if the government moves to open up the market to imports from the United States (US) as part of concessions to reduce the 19 percent tariff slapped on Philippine goods, according to the Philippine Chamber of Agriculture and Food Inc. (PCAFI). PCAFI...
The ongoing corruption scandal in flood control projects and uncertainties in tariffs by the United States (US) are making investors hesitant to pour capital into the country’s electronics industry, according to a prominent industry group. The Semiconductor and Electronics Industries in the...
Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO) has projected that the United States (US) tariffs imposed on its trade partners in the region, including the 19-percent duty on the Philippines, will be felt by the end of 2025. Such drag will serve as friction to gross domestic product...
The agricultural ministers of the Association of Southeast Asian Nations (ASEAN) are looking to secure additional exemptions on certain agricultural products facing reciprocal tariffs from the United States (US), according to Agriculture Secretary Francisco Tiu Laurel. Tiu Laurel, appointed as...
The country’s electronic exports is projected to remain flat with a potential to undergo a modest one to two percent growth this year, even if the United States (US) moves to impose high tariffs against foreign-made conductors. Semiconductor and Electronics Industries in the Philippines...
Despite recent pronouncements by the Bangko Sentral ng Pilipinas (BSP) that one more policy rate cut before year-end would maintain the “Goldilocks” level, the Economist Intelligence Unit (EIU) still forecasts two more reductions at each of the two remaining Monetary Board (MB) interest rate...
The Department of Trade and Industry (DTI) is exploring the launch of a loan program to mitigate the impact of reciprocal tariffs imposed by the United States (US) on domestic exporters. DTI Secretary Cristina Roque said her agency is gearing up to study a loan program for exporters, ranging from...
Asian exports, including those from the Philippines, are seen remaining resilient in the second half of the year, contrary to earlier expectations that regional shipments would slump once front-loading ahead of United States (US) tariffs wane, according to the think tank Capital Economics....
The Philippines is banking on new trade agreements to boost market access and reverse the decline in exports and foreign investments due to uncertainties driven by the tariff policy of the United States (US), according to Trade Secretary Cristina Roque. Based on data from the Philippine Statistics...
Head of the Philippines’ largest bank believes the country’s economy will be shielded from the direct fallout of new United States (US) tariffs, but warned of a larger, global danger that could ripple back to the country through remittances. Speaking with Channel News Asia (CNA), BDO Unibank...
Senator Imee Marcos has sounded the alarm over the potential fallout of the United States’ move to impose 100% tariff on Philippine semiconductor exports, a sector valued at USD 4.5 billion to USD 6 billion in annual shipments to the US. “We cannot underestimate the devastating impact these...
The Marcos administration is pushing for the exemption of the Philippines from the planned imposition of a 100 percent tariff threatened by United States (US) President Donald Trump on foreign-made semiconductors, cushioning the industry from a potential slowdown in investments. Special Assistant...
