Tag: US tariff

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Trump sidesteps court, raises global tariff to 15%

Economy Context.ph Context.ph -
Just hours after the US Supreme Court struck down his global tariff regime, President Donald Trump did what markets have come to expect and went bigger.

Retaliatory tariffs hurt U.S. Spirits companies

Top News Context.ph Context.ph -
For spirit producers like Brown-Forman, maker of Jack Daniel's whiskey and other alcoholic beverages, the news felt like a splitting headache after a long night. On Wednesday, shares of Brown-Forman dropped 5% due to the escalating trade tensions between the U.S. and some of its closest allies.

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San Miguel Food and Beverage net income drops 4% amid tighter consumer spending

Corporate 0
San Miguel Food and Beverage Inc. (SMFB) reported Wednesday that its net income fell 4 percent to P22.1 billion in the first half of the year, down from P22.96 billion in the same period last year. The decline came as higher commodity prices, slower economic growth, and global supply chain issues reduced consumer spending and hurt some export markets.

AI could add $50.7B to PH economy by 2030

Communications & Technology 0
Artificial intelligence is projected to unlock US$50.7 billion in economic value for Philippine businesses by 2030, driving growth and competitiveness. While most firms have started using AI, 65 percent remain stuck in pilot stages due to gaps in infrastructure, system integration, and skilled talent.

Smart rolls out Apple Pay for load and bill payments starting Aug. 4

Communications & Technology 0
Smart Communications has launched Apple Pay for its subscribers, offering a fast, secure way to buy load and settle bills beginning August 4.

PCCI calls AI hub Philippines’ chance to reshape economy

Communications & Technology 0
The Philippine Chamber of Commerce and Industry (PCCI) has endorsed the proposed Pax Silica AI hub, calling it a "once-in-a-lifetime" opportunity for the country to secure a foothold in one of the world's fastest-growing industries and move up the global technology value chain.

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