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...
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 costs,...
Local furniture manufacturers are seeking immediate government intervention to safeguard the industry from the impact of the 17-percent tariffs imposed by the United States on Philippine goods, citing the risk of potential factory closures and job losses.In a position paper addressed to the...
The ongoing trade dispute between the United States (US) and China could benefit manufacturing hotspots in Southeast Asia, such as the Philippines, provided the government implements sweeping reforms to align trade and investment policies with industrial strategies.In a virtual forum hosted by the...
Port operator International Container Terminal Services Inc. (ICTSI) saw record-high earnings of $239.54 million in the first quarter of the year, driven by strong growth in its international portfolio, which remains relatively unaffected by recent trade upheavals caused by tariffs imposed by the...
Department of Agriculture (DA) Secretary Francisco Tiu Laurel said he is open to shifting the importation of key agricultural goods to the United States (US) from other countries, as part of the government's strategy to reduce the reciprocal tariffs imposed on Philippine goods.A delegation of the...
The influential Makati Business Club (MBC) is calling on the Marcos administration to prepare for the potential impact of tariffs levied by the United States (US) on Philippine goods, warning of the threat they pose to Filipino workers.In its Labor Day message on Thursday, May 1, the group of the...
Chinese imports to the Philippines and Philippine exports to the United States (US) surged in the first quarter, amid escalating trade tensions between Washington and Beijing that threaten to disrupt the global economy.The latest preliminary Philippine Statistics Authority (PSA) data on Wednesday,...
Emerging market (EM) currencies, including the Philippine peso, gained versus the United States (US) dollar in the aftermath of US President Donald Trump's tariff spree, according to the think tank Capital Economics."EM currencies have generally strengthened against the dollar since 'Liberation...
Department of Trade and Industry (DTI) Secretary Cristina Roque is looking into providing greater access to key export interests as part of concessions that the United States (US) could ask in exchange for lowering the reciprocal tariffs imposed on Philippine goods."Not that we're going to...
Department of Trade and Industry (DTI) Secretary Cristina Roque is set to fly to the United States (US) next week, as Philippine trade and economic officials would meet with the Trump administration to address the imposition of the currently paused tariffs.Roque told reporters on Friday, April 25,...
Amid threats of higher tariffs imposed by the United States globally, the United Kingdom will "turbocharge" its investment and trade relations with the Philippines across key sectors, British Ambassador to Manila Laure Beaufils said. UK Ambassador to the Philippines Laure Beaufils speaks at...
