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 a looming global trade war, the World Bank slashed its 2025 and 2026 growth forecasts for the Philippines to levels that would bring two-year economic expansion to their slowest pace post-pandemic. According to the Washington-based multilateral lender’s East Asia and Pacific Economic Update...
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...
Despite the United States (US) imposing temporarily suspended tariffs, members of the Marcos Cabinet expressed confidence that trade relations between Manila and Washington will be more robust ahead of their upcoming high-level meeting. “We are confident that, through our strong economic and...
While the Philippines has made strides in reducing poverty, uncertainties wrought by the looming global trade war may reverse some gains, according to the World Bank. "Employment indicators suggest continued poverty reduction since 2023. The unemployment rate fell to 3.8 percent in 2024 (from 4.4...
The Philippines' economic growth would fall below expectations in the next two years as the threat of a global trade war intensifies, according to the International Monetary Fund (IMF). In its April 2025 World Economic Outlook (WEO) report, published on Tuesday night, April 22 (Philippine time),...
Chinese designer toy giant Pop Mart International Group is eyeing expansion in the Philippines as part of its broader push into Southeast Asia, according to the Department of Trade and Industry (DTI). In a statement on Tuesday, April 22, the DTI said it facilitated the Manila visit of Pop Mart...
While the share of the Philippine government's budget deficit and debt to the economy are going down and "stabilizing," respectively, the ASEAN+3 Macroeconomic Research Office (AMRO) is urging fiscal authorities across the region to remain prudent in spending on public goods and services as a...
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...
Japan and the United Kingdom (UK) have signaled concerns over a proposed measure in the Philippines that would impose a ban on the country’s export of raw minerals, according to the World Trade Organization (WTO). In a statement on its website, the WTO said the country’s proposed “export...
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...
