Tag: learning loss

The Philippines believes it can address concerns raised by the Office of the US Trade Representative (USTR) after Washington launched a new investigation into the country’s alleged shortcomings in enforcing restrictions on goods produced with forced labor.

The Philippines posted a US$5.7-billion balance of payments (BOP) deficit in 2025, equivalent to 1.2 percent of gross domestic product (GDP). This marked a reversal from the US$609-million surplus recorded in 2024.

The government is moving to safeguard fuel and fertilizer supplies for the sugar industry as the sector enters the most resource-intensive phase of the harvest season.

Transportation Secretary Giovanni Lopez has directed the Civil Aviation Authority of the Philippines (CAAP) to reduce Passenger Service Charges (PSC) and airport navigation fees in airports operated by the agency.