BEIJING, China — The trade relationship between two of the world’s largest economies is expected to expand significantly in the near term as China looks to secure bilateral commitments with the United States (US) at the upcoming Asia-Pacific Economic Cooperation (APEC) Summit. Ambassador Chen...
BEIJING, China — The Asia-Pacific Economic Cooperation (APEC) Summit this year is expected to help settle differences between the economic powerhouses of China and the United States (US), as the regional bloc works to affirm an open trade policy, according to China National Committee for Pacific...
Malacañang said the Philippine economic team will continue to engage with the United States following its imposition of a 15-percent increase in import duties. "We will continue to engaged with the US given that US remains a major trading partner," the economic team said in a statement read by...
There’s no better word to describe the trade environment this year than uncertainty, as the country endured a slew of changes and setbacks, particularly due to the policies of the United States (US), its closest ally and largest trading partner. It is no surprise that when US President Donald...
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....
