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.
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.
The export sector has yet to exploit an untapped revenue source estimated at some USD49 billion for a number of reasons, chief among them the sector's inability to diversify, among other critical factors.
The Philippine Center for Post-harvest Development and Mechanization (PhilMech), an adjunct of the Department of Agriculture, has turned over P398.5 million worth of agricultural machinery to the province of Nueva Ecija.
At the 30th UN Climate Change Conference (COP30) today, the Fund for Responding to Loss and Damage (FRLD) opened its first call for funding under the Barbados Implementation Modalities (BIM). The move marks the Fund’s shift from planning to action, allowing developing countries to access aid for climate-related losses.
Cebu Pacific on Thursday reported a 179 percent increase in net income for the first nine months of 2025, driven by strong passenger demand. The Gokongwei-led airline posted a net income of ₱9.5 billion from January to September, up from ₱3.4 billion during the same period last year.
Boracay Water and its partners have successfully completed the reforestation and rehabilitation of 20 hectares in the Nabaoy Watershed as part of their flagship sustainability program, Boracay Highland to Ocean (H2O).