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 Department of Environment and Natural Resources (DENR), has signed a five-year partnership with global non-profit The Ocean Cleanup to remove floating waste from the Pasig River and deploy low-cost, innovative cleanup technologies.
OneCFO Group has launched an artificial intelligence-powered tax platform aimed at helping businesses and individual taxpayers navigate increasingly complex compliance requirements, reflecting the growing use of AI tools in professional and financial services.
The Bank of the Philippine Islands (BPI) has teamed up with digital payments leader Visa to launch improved cross-border money transfers via its mobile app in the first quarter of 2027.
Cebu-based fuel distributor and retailer Top Line Business Development Corp. is tapping the capital markets anew, securing regulatory approval for a preferred shares offering of up to P1.5 billion as it accelerates plans to expand fuel infrastructure and strengthen its position in the Visayas energy market.