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...
Following a request from the Philippine government and in coordination with the Armed Forces of the Philippines (AFP), the US Indo-Pacific Command deployed marine corps, Air Force Ospreys, and Air Force MC-130Js, deliver life-saving relief items to communities in Northern Luzon recently affected by...
The World Trade Organization (WTO) has revised downward its forecast for global trade growth next year to 1.8 percent from an initial estimate of 2.5 percent as the United States’ (US) reciprocal tariffs come into effect. In its latest trade forecast, the Geneva-based trade body said recent...
The Philippines and Southeast Asia may attract foreign investments avoiding China and India if the United States (US) pushes through with its threat of higher tariffs on Indian goods, according to the think tank Capital Economics. “[US] President [Donald] Trump’s threat to impose an additional...
The United States has allocated an additional P13.8 million worth of funding for emergency shelter assistance and hygiene kits to the victims of the recent typhoons and flooding in Luzon. The US Embassy in Manila said in a statement on Friday, Aug. 8, that the new provision will cover some 3,000...
Expectations of further cuts in key borrowing costs as early as this month have grown stronger, driven by last month’s nearly six-year low inflation and lingering economic threats from United States (US) tariffs. Following the below one-percent headline print in July, private-sector economists...
The local agriculture industry may soon see stronger trade ties with Canada, as its agriculture and agri-food minister expressed confidence in deepening the North American country ’s trade relationship with the Philippines. Despite tariff uncertainties in the United States (US), Heath...
Starting Aug. 20, a new visa program could require some travelers to pay a deposit of up to $15,000 for a business or tourist visa. It comes as an effort to dissuade travelers from overstaying and to bar entry from countries where screening travel requirements seem dubious. How will this affect...
A 28-year-old Filipino, who is a permanent resident in the United States, was arrested for allegedly sending money to the Islamic State of Iraq and Syria (ISIS), a designated foreign terrorist organization, and is facing a possible maximum sentence of 20 years in prison. Identified as Mark Lorenzo...
The Philippine economy and its export industry will see no decline in output and exports from the direct impact of the 19-percent tariffs threatened by the United States (US), according to a study by De La Salle University (DLSU) economists. In a recently published policy brief titled “The tariff...
The Philippine Economic Zone Authority (PEZA) is capitalizing on the threatened 19 percent United States (US). tariff rate on Philippine goods, presenting it as a key incentive to draw in much-needed Japanese investments amid their recent decline. The Philippines is set to face a 19 percent...
After performing among the worst of Asian currencies last week, the Philippine peso is still expected by Japanese financial giant MUFG Bank Ltd. to gradually appreciate and return to the ₱56:$1 level next year. “All Asian currencies depreciated against the United States (US) dollar [last] week,...
