Tag: US tariffs

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Colliers sees US protectionist policy as opportunity for PH companies

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The Trump administration’s decision to impose higher tariffs on imports from China, Canada, and Mexico could inadvertently provide a strategic opportunity for the Philippine business process outsourcing (BPO) industry and the local office market.

US shares drop as Trump confirms tariff hike

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US shares retreated on Monday after President Donald Trump dashed hopes of a delay—or even a full reversal—of the increased tariff on goods imported from Mexico and Canada. This decision reignited fears of a trade war between the North American neighbors.

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Ombudsman to indict Senator Jinggoy Estrada for plunder

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The Office of the Ombudsman on Thursday said it found “probable cause to indict” Senator Jinggoy Estrada, former Public Works Secretary Emmanuel Bonoan, and several DPWH engineers before the Sandiganbayan for plunder and graft over alleged illegal insertions in the DPWH’s 2025 infrastructure budget in exchange for kickbacks. Investigators said P573 million in illicit payouts was systematically funneled to Estrada, backed by what the Ombudsman described as “solid, immovable evidence” and testimony from state witnesses. Should the Sandiganbayan affirm probable cause, prosecutors will seek immediate arrest, deny bail, and request travel restrictions. The Ombudsman said other similar indictments involving flood-control projects will be pursued.

Filipinos Turn to Solar as Power Costs Surge

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Interest in solar energy is accelerating across the Philippines as households grapple with rising electricity prices and an increasingly unreliable power grid, according to a new nationwide survey.

Oishi maker increasing investment on PH coconuts

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Liwayway Holdings Co., Ltd., the group behind the popular Oishi snack brand, is deepening its investment in the Philippines with plans to establish a coconut processing hub aimed at supplying China’s rapidly expanding demand for coconut-based products.

ofi, WNC Capital form joint venture for new Bulacan food plant

Transport & Logistics 0
Global food and beverage ingredients leader ofi has partnered with WNC Capital Holdings Inc., parent firm of Wills International Sales Corp. to launch a new joint venture called ofi Philippines Blends.

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