Tag: Import

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Marcos mulls rice tariff hike, import suspension

Agriculture Context.ph Context.ph -
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.

Trade deficit in agricultural goods narrows in May—PSA data

Top News Context.ph Context.ph -
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.

Philippines rice imports expected to drop in Q1

Top News Context.ph Context.ph -
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.

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Philippines to adopt India’s UPI for digital payments

Finance 0
The Philippines will adopt India’s Unified Payments Interface (UPI) technology as part of a push to modernize the country’s digital payments system, starting with faster government aid disbursements through Land Bank of the Philippines and potentially extending to cross-border payments.

EastWest powers Philippine Travel Mart 2026 as official credit card partner 

Corporate Bulletins 0
EastWest wrapped up a successful run as the official credit card partner for the 2026 Philippine Travel Mart (PTM), delivering exclusive deals and flexible payment solutions to attendees throughout the three-day event. Held from September 4 to 6 at SMX Convention Center Manila, the country’s longest-running travel trade exhibition drew over 20,000 visitors and nearly 300 exhibitors featuring destinations, accommodations, tours, and travel experiences from across the Philippines.

BSP warns public vs scammers impersonating its officials, using fake accounts

Banking & Insurance 0
The Bangko Sentral ng Pilipinas (BSP) has issued a public advisory warning against fraudulent schemes where individuals falsely present themselves as BSP officials or employees to deceive people.

Smart launches P99 Home WiFi SIM for affordable, flexible connectivity

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Smart Communications has introduced the Smart Home WiFi SIM 99, a dedicated card designed to work with open-line home WiFi routers, as well as compatible Smart and PLDT Home WiFi devices with expired or inactive SIMs. Priced at just P99, the package includes 2GB of non-expiring data, creating an accessible option for households seeking reliable internet access.

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