US tariff may trim PHL GDP growth
THE United States’ 19% tariff on Philippine goods could cut the Philippines’ gross domestic product (GDP) growth by 0.4 percentage point (ppt), Nomura Global Markets Research said.
Auto sales on track to hit 500,000 by yearend
THE Philippine automotive industry is on track to sell 500,000 units by yearend, an industry official said.
Marcos faces rising discontent as he delivers 4th SONA
THREE YEARS into his presidency, President Ferdinand R. Marcos, Jr. faces mounting public frustration as Filipinos say many of the promises he made during his 2022 campaign remain unfulfilled.
Loan demand likely steady in 3rd quarter — BSP survey
MOST Philippine banks expect loan demand to remain steady in the third quarter, according to a survey by the Bangko Sentral ng Pilipinas (BSP).
In...
Online gambling boom sparks calls for ban in Philippines
MANILA — Before helping fellow gamblers quit the roulette wheel or forgo the glory of a royal flush in poker, Filipino Reagan Praferosa fought...
NG budget deficit balloons in June
THE NATIONAL Government’s (NG) budget deficit ballooned to P241.6 billion in June as state spending outpaced revenue collections, the Bureau of the Treasury (BTr)...
Marcos secures $21B in investment pledges
PRESIDENT Ferdinand R. Marcos, Jr. secured over $21 billion in investment pledges from US companies during his official visit to Washington.
“We return to the...
Gov’t vows to protect local industries as it finalizes US trade deal
THE GOVERNMENT on Thursday said that the details of the US-Philippines deal concerning the US reciprocal tariff are still being finalized but noted that...
Philippines to tap GCash to sell bite-sized bonds to attract more investors
THE PHILIPPINES is tapping mobile wallet GCash to sell small-denominated government securities, according to the Bureau of the Treasury (BTr), seeking to broaden the...
Trump sets 19% tariff on PHL goods
US PRESIDENT Donald J. Trump on Tuesday announced he was imposing a new 19% tariff rate for goods from the Philippines, following a meeting with President Ferdinand R. Marcos, Jr. at the White House.
ADB, AMRO slash PHL growth forecasts for 2025, 2026
A GLOBAL SLOWDOWN and higher US tariffs have clouded the growth outlook for the Philippines, as the Asian Development Bank (ADB) and ASEAN+3 Macroeconomic...
Philippine exporters to face ‘hard climb’ with 19% US tariff
A US TARIFF of 19% on Philippine goods will likely undermine the competitiveness of local exporters compared with those in neighboring Southeast Asian countries, analysts said.