Economy
DTI widens cement duties as imports surge
The Department of Trade and Industry (DTI) has expanded safeguard duties on cement imports to include China and Indonesia, tightening protection for local manufacturers amid rising inbound shipments and persistent excess capacity in the domestic industry.
Philippine furniture wins global buyers in High Point comeback
The Philippines’ return to High Point Market after nearly two decades is already paying dividends, with local furniture and home furnishings manufacturers securing USD3.7 million in initial orders and attracting interest from some of the world’s largest lifestyle and home décor brands.
AMRO downgrades Philippine growth as inflation risks rise
The Philippines is poised for slower economic growth and higher inflation over the next two years as escalating geopolitical tensions in the Middle East drive up energy and commodity costs, prompting the ASEAN+3 Macroeconomic Research Office (AMRO) to downgrade its economic outlook for the country.
New cranes supercharge Gdynia’s Baltic trade ambitions
The Port of Gdynia is strengthening its position as a major Baltic logistics gateway with the arrival of two new quay cranes at the Baltic Container Terminal (BCT), a key upgrade expected to boost cargo-handling capacity, improve efficiency, and accommodate larger vessels.
Philippines, Vietnam ink 19 deals to deepen ties
The Philippines and Vietnam signed 19 agreements spanning defense, trade, tourism, technology, education, and energy on Monday, translating their newly elevated Enhanced Strategic Partnership into a broad slate of government and business initiatives.
