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.
The U.S. Federal Reserve lowered its benchmark interest rate by 25 basis points on Wednesday (Thursday, Manila time), bringing the federal funds target range to 4.00–4.25 percent. The decision comes amid signs of slowing job gains, persistent inflation, and moderating economic growth.
The Philippine gaming industry finds itself in a curious bind—riding the wave of digital innovation with one hand, while trying to put out moral fires with the other.
The Department of Agriculture (DA) has temporarily banned the importation of domestic and wild birds, including poultry products, from Argentina due to a confirmed outbreak of highly pathogenic avian influenza (H5N1).
Japanese Ambassador to the Philippines Endo Kazuya attended the Asia Pacific Alliance for Disaster Management (A-PAD) Philippines International Symposium 2025, which concluded a three-year initiative focused on emergency preparedness, volunteer engagement, and strengthening emergency medical services (EMS) in the region.