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NEDA Board extends lower tariff on rice, corn, pork until end-2024
The National Economic and Development Authority Board, the country’s highest economic policymaking body, on Thursday decided to keep tariff rates on imported rice, corn and pork at reduced levels to address supply and price challenges, including the threat of El Nino and the African swine fever.
‘Left to its own, Ph economy is OK’
Teresita Sy Coson, BDO chairperson, late on Wednesday said the Philippines should do well as a country next year even though it faces a number of challenges.
‘There is room to increase excise tax on sin products’
Researchers have determined there remains room to increase the tax on alcohol, tobacco, e-cigarettes, vape and heated tobacco products.
Trade deficit widens to $4.17B in Oct as exports fall at double-digit pace
The trade deficit widened in October to USD4.17 billion as the value of exports fell more sharply compared to the decline in the value of the country’s imports.
IMF’s Gopinath says economic fragmentation could cut global GDP by 7%
The International Monetary Fund's No. 2 official on Monday warned that fragmentation in the global economy and clear shifts in underlying bilateral trade could trigger a "new Cold War" given the conflict in Ukraine and U.S.-China tensions.
