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.
Bounty Fresh Group Holdings Inc. announced plans to add approximately 300 new Chooks To Go rotisserie stalls and restaurants nationwide by the end of 2025, bringing its total store count to around 2,000.
The Palawan Electric Cooperative (Paleco) and Vivant Energy Corp., through its subsidiary Delta P Inc., have started implementing a 40-megawatt (MW) power supply agreement in Puerto Princesa City, Palawan.
SM Investments Corp. underscored its commitment to practical and scalable sustainability efforts during The Dirty Work of Doing Good, a conference hosted by the French Chamber of Commerce and Industry in the Philippines.
Malayan Insurance Co. has credited its strong affiliation with the Yuchengco Group of Companies (YGC), advanced analytics, and robust underwriting practices for its continued top-tier performance the past two years.