Malacañang has cautioned lawmakers against supporting a Senate resolution seeking to remove the President’s authority to adjust rice tariffs, saying it could paralyze the government’s ability to act swiftly during price shocks and emergencies. Communications Undersecretary Claire Castro said...
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...
Two senators on Monday, August 4 filed a joint Senate resolution seeking to withdraw or terminate the President’s power to increase, reduce, revise or adjust existing rates of import duty on rice. Senators Francis “Kiko” Pangilinan and Risa Hontiveros filed Joint Senate Resolution No. 2...
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...
Malacañang disclosed that the Department of Agriculture (DA) has recommended to increase tariffs on imported rice and to temporarily halt rice importation. Presidential Communications Office (PCO) Secretary Dave Gomez said this on Monday, Aug. 4, saying it aims to protect Filipino farmers. He...
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...
The Philippines will commit to addressing non-tariff barriers on imports from the United States (US) as part of a reciprocal trade agreement that will see Manila pay a tariff rate of 19 percent on its US-bound goods. Similar to reciprocal trade deals the US has so far announced, Department of Trade...
Philippine goods exports climbed 13.2 percent year-on-year to a record $41.24 billion in the first six months of 2025 as exporters front-loaded shipments ahead of the 19-percent tariff to be imposed by the United States (US), the country’s top export market. National Statistician Claire Dennis S....
Even with the weaker-than-expected gross domestic product (GDP) growth figures last year and in recent quarters, the Department of Finance (DOF) argued that the Philippine economy grew at an average rate of 5.9 percent—among the fastest-growing Asian economies—since President Ferdinand Marcos...
With a soon-to-be-finalized trade deal that benefits the United States (US) more than the Philippines, the latter’s exports and foreign direct investments (FDIs) would take a hit and lose out to its Southeast Asian neighbors, according to the Economist Intelligence Unit (EIU). “The...
DAVAO CITY – Acting Davao City Mayor Sebastian Duterte downplayed the one percent reduction of the 20 percent tariff imposed on Philippine goods to 19 percent as an empty gesture, calling it “consuelo de bobo” or a false consolation. Duterte questioned the importance of the announcement and...
