The Department of Agriculture has recommended that President Ferdinand Marcos Jr. increase tariffs on imported rice and temporarily suspend rice importation to protect local farmers.
The Philippines saw the trade deficit for agricultural goods trade narrowed in May, as exports of farm goods rise and the value of imports declined during the period.
The total volume of rice the Philippines will import in the first quarter is likely to be significantly lower compared to the same period in 2024, as local farmers begin the harvest season and traders hold off on imports, awaiting further softening of global prices.
Vivant Energy Corp. (VEC) has fully acquired Samar Philippines Renewable Corp. (SPRC) from Envision Energy Philippines Corp. through its renewable energy arm, Vivant Renewable Energy Corp. While the financial terms were not disclosed, SPRC is the developer of a 200-megawatt wind farm located across four municipalities in Northern Samar.
Early coordination between the Bureau of Customs (BOC) and International Container Terminal Services, Inc. (ICTSI) is expected to significantly improve trade efficiency as the South Luzon Container Terminal (SLCT) moves closer to completion, signaling a more integrated approach to port development and customs operations in the Philippines.
Vietnamese companies VinFast, V-Green, VinEnergo, and Green GSM have committed more than P50 million in emergency assistance for communities affected by the devastating 7.8-magnitude earthquake that struck Mindanao on June 8, 2026, signaling both humanitarian support and deepening regional investment ties with the Philippines.
Filipino food brands are steadily carving out space in Singapore’s highly competitive premium consumer market, as the Department of Trade and Industry (DTI) ramps up efforts to position Philippine exports beyond traditional commodity offerings and into higher-value branding and innovation-driven segments.