PHL eyes tariff talks with USTR
THE PHILIPPINE government is willing to negotiate with the United States to lower the 17% tariff imposed on Philippine-made goods, according to Frederick D. Go, special assistant to the president for investment and economic affairs.
Moody’s Analytics trims PHL growth forecast on US tariffs
MOODY’S ANALYTICS trimmed its gross domestic product (GDP) forecast for the Philippines amid “weaker growth prospects” due to the impact of the US reciprocal...
PHL urged to ramp up competitiveness amid Trump tariff reprieve
THE PHILIPPINES should boost efforts to improve its competitiveness in attracting investments amid the 90-day pause on US President Donald J. Trump’s higher reciprocal tariffs.
Up to four-year delay seen for North-South rail project
THE Department of Transportation (DoTr) said full operations for the North-South Commuter Railway (NSCR) will likely be four years delayed after hitting a 50%...
Palay floor price scheme under study after farmers propose P20 per kilo
THE Department of Agriculture (DA) signaled its openness to a proposal for a minimum buying price for palay (unmilled rice) to be set at...
Soybean meal imports rising on hog recovery
PHILIPPINE soybean meal imports will likely increase 3.1% to 3.35 million metric tons (MMT), according to the US Department of Agriculture (USDA), to accompany...
High prices dampen mom-and-pop store sales of alcohol, cigarettes
CIGARETTES and liquor sales by mom-and-pop neighborhood outlets, also known as sari-sari stores, declined last year due to increasing prices, according to tech startup...
Peso slips vs dollar as BSP resumes easing cycle
THE PESO slipped against the dollar on Thursday as players took positions following the Bangko Sentral ng Pilipinas’ (BSP) move to resume its easing...
Stocks climb as Trump pauses reciprocal tariffs
PHILIPPINE STOCKS climbed on Thursday as the United States suspended the implementation of most “reciprocal” tariffs it had imposed on its trading partners.
The benchmark...
ADB cuts Philippine growth forecast
THE ASIAN Development Bank (ADB) trimmed its gross domestic product (GDP) growth projection for the Philippines this year, though this still places it among the fastest-growing economies in Southeast Asia.
Banks’ NPL ratio steady at 3.38% in Feb.
THE PHILIPPINE banking industry’s gross nonperforming loan (NPL) ratio remained steady in February, according to data from the Bangko Sentral ng Pilipinas (BSP).
Preliminary data...
Hunger knocks on door as Philippine farmers vanish
LA UNION — Jerry M. Abat, 60, has been planting rice since he could walk.