The Philippines believes it can address concerns raised by the Office of the US Trade Representative (USTR) after Washington launched a new investigation into the country’s alleged shortcomings in enforcing restrictions on goods produced with forced labor.
The Philippines posted a US$5.7-billion balance of payments (BOP) deficit in 2025, equivalent to 1.2 percent of gross domestic product (GDP). This marked a reversal from the US$609-million surplus recorded in 2024.
The government is moving to safeguard fuel and fertilizer supplies for the sugar industry as the sector enters the most resource-intensive phase of the harvest season.