Trump to escalate global trade tensions with new reciprocal tariffs on US trading partners
WASHINGTON - US President Donald Trump was poised to impose sweeping new reciprocal tariffs on global trading partners on Wednesday, upending decades of rules-based...
PEZA greenlights P6-billion investment pledges in March
THE Philippine Economic Zone Authority (PEZA) has approved P6 billion worth of investment pledges in March, bringing the first-quarter approvals to P58.947 billion.
In...
Villar is still top Filipino billionaire with $17-B net worth
TYCOON and former Senate President Manuel B. Villar, Jr. is the richest Filipino, according to Forbes’ latest World’s Billionaires List.
With an estimated net worth...
NG budget deficit balloons to P171.4 billion in February
THE NATIONAL GOVERNMENT’S (NG) budget deficit ballooned to P171.4 billion in February despite double-digit revenue growth, the Bureau of the Treasury (BTr) reported on Wednesday.
Manufacturing PMI contracts for 1st time in 19 months
FACTORY ACTIVITY in the Philippines unexpectedly contracted for the first time in 19 months in March, as manufacturers cut output amid uncertainty surrounding US...
Trump announces 10% tariff on all imports, with higher rates for some countries
WASHINGTON - President Donald Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the US and higher...
Philippines revises Q4 2024 GDP growth to 5.3%
MANILA - The Philippine statistics agency said annual growth in fourth-quarter economic output has been revised up to 5.3%
Full year 2024 gross domestic product...
Southeast Asia nations, hit particularly hard by US tariffs, prep for talks with Trump
HANOI/BANGKOK (UPDATED) — Southeast Asian nations reeled on Thursday as they were hit with some of President Donald Trump’s heftiest tariffs, which now threaten...
Infrastructure spending declines in December
INFRASTRUCTURE SPENDING slumped by nearly 20% in December, but still exceeded the full-year program, the Department of Budget and Management (DBM) said.
Latest data from...
CEOs remain optimistic amid headwinds — survey
MAJORITY of chief executive officers (CEO) in the Philippines have a slightly optimistic outlook for the next 12 months amid heightened global uncertainty and...
US slaps higher tariff on Philippines
US PRESIDENT Donald J. Trump is imposing a bigger-than-expected tariff on Philippine exports to the United States, as part of a broader reciprocal tariff plan that will apply to all its trading partners.
March inflation slows to near 5-year low
By Aubrey Rose A. Inosante, Reporter
Inflation eased to its lowest annual rate in nearly five years in March, as food and transport costs...