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.
Ayala Land Inc. (ALI) has appointed Jose Eduardo A. Quimpo II as its new chief financial officer (CFO) and treasurer, effective August 19, marking a key leadership transition with corporate and commercial implications for the real estate giant.
The Department of Transportation (DOTr), through the Civil Aeronautics Board (CAB), has issued a directive requiring all airlines to provide passengers with timely and accurate updates on flight status, in line with President Ferdinand Marcos Jr.’s directive to improve the travel experience for Filipinos.
Luzon International Premiere Airport Development Corp. (LIPAD), operator of Clark International Airport (CRK), has revised its 2025 passenger traffic forecast downward to 3 million, from an earlier estimate of 3.2 million, citing operational delays and airline changes.
The Department of Agriculture (DA) is seeking to accelerate the development of additional rice processing systems (RPS) nationwide to improve post-harvest efficiency and support the National Food Authority (NFA), whose milling and drying capacity has declined following the Rice Tariffication Law (RTL).