The Economist Intelligence Unit (EIU) expects the Bangko Sentral ng Pilipinas (BSP) to cut key interest rates by an additional 100 basis points (bps) for the remainder of 2025 to arrest potentially slower economic growth as a result of the intensifying global trade war. "The BSP has room to...
A Hong Kong-based garments company is looking to expand its manufacturing capacity in the Philippines to take advantage of the country’s relatively low tariff rates once the postponed reciprocal tariffs are lifted after 90 days. Department of Trade and Industry (DTI) Secretary Cristina Roque...
China’s Ambassador to the Philippines Huang Xilian (Photo by John Louie Abrina) Despite global economic shifts brought about by the imposition of tariffs by the United States, the Chinese government will remain steadfast in its commitment to multilateralism, free trade, and “win-win”...
The Philippines would be mildly impacted by the brewing global trade war started by United States (US) President Donald Trump and may even emerge as a "winner," according to the think tank Oxford Economics. "There are no absolute winners in a trade war, but some will fare relatively better than...
Dutch financial giant ING expects the Philippine peso to depreciate against the United States (US) dollar in the near term as the US President Donald Trump-led global trade war rages on and the domestic economy weakens. "We look for the Singapore dollar and Philippine peso to underperform in a...
Surging United States (US) tariffs will weaken the global economy and push up inflation this year, according to projections to be released next week by the Washington-based multilateral lender International Monetary Fund (IMF). The IMF’s Managing Director, Kristalina Georgieva, said Thursday,...
Japan's chief trade negotiator and Economic Revitalization Minister Ryosei Akazawa, center, speaks to the reporters before this departure for the U.S., at Haneda airport in Tokyo, Wednesday, April 16, 2025. (Kyodo News via AP) TOKYO (AP) — Japan's chief trade negotiator will visit the...
Containers pile up at Kwai Chung Container terminal in Hong Kong, Tuesday, Apr. 8, 2025. (AP Photo/Chan Long Hei) HONG KONG (AP) — Hong Kong's post office will stop shipping small parcels to the United States after Washington announced plans to charge tariffs on small-value parcels from...
Senate Majority Leader Francis "Tol" Tolentino has proposed the formation of a National Trade Commission that would submit policy recommendations to the President and Congress to map out long-term strategies for the economy in response to the new tariffs announced recently by the United States....
Department of Trade and Industry (DTI) Secretary Cristina Roque said the Philippines is “business as usual” as it awaits potential changes once the 90-day temporary suspension on reciprocal tariffs imposed by the United States (US) on all foreign-source goods is lifted. US President Donald...
Vehicles for export are parked at a port in Pyeongtaek, South Korea, Tuesday, April 15, 2025. (AP Photo/Lee Jin-man) BANGKOK (AP) — The Trump administration has taken its next steps toward imposing more tariffs on key imports, launching investigations into imports of computer chips, chip...
An intensifying global tariff war would provide the Philippines with trade rerouting opportunities that the country may not fully take advantage of due to its underdeveloped logistics sector. As United States (US) President Donald Trump's tariffs target economies where significant export flows...
