The Philippines has once again secured a quota of 145,235 metric tons raw value (MTRV) of raw cane sugar at a lower tariff rate for the upcoming fiscal year (FY), according to the Office of the United States Trade Representative (USTR). In a statement over the weekend, the USTR announced that the...
To build its defense strategy and better equip its armed forces, the Philippines is currently in talks with the United States for the possible deployment of more US military assets and equipment, Philippine Ambassador to Washington Jose Manuel “Babe” Romualdez said. In a recent interview on...
United States Ambassador to Manila MaryKay Carlson affirmed that the US Navy’s recent operations in the Scarborough Shoal is critical to freedom of navigation in the region and the US’ role in upholding international maritime laws. Speaking on the sidelines of the welcome reception for US...
Keen to advance nuclear energy development, Manuel V. Pangilinan-led Manila Electric Co. (Meralco) is set to receive funding support from the United States (US) government nearly three years after it first sought assistance to explore the potential of small modular reactors (SMRs). On the sidelines...
The United States Department of Agriculture (USDA) has downgraded its projection of the Philippines’ rice imports this year by 500,000 metric tons (MT) due to the 60-day import ban that will come into effect beginning next month. In its report on the global grains trade, the USDA’s Foreign...
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...
Senator Raffy Tulfo has issued a stern warning to Filipino seafarers aboard ships entering United States (US) territorial waters to exercise extreme caution when using their electronic devices, particularly when accessing or downloading online content. Tulfo reminded seafarers that the U.S....
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...
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...
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,...
