Economy

Trade Secretary Cristina Roque remains hopeful that tariffs on Philippine exports to the United States could still be reduced, even as the rate has been officially set at 19 percent effective August 1, following an announcement by US President Donald Trump. While the current rate is lower than the previously announced 20 percent, it is still higher than the 17 …

Government revenues continued to climb in June 2025, driven by double-digit growth in tax collections, while public spending also rose to support economic activity, data from the Bureau of the Treasury (BTr) showed. Revenue collections in June hit ₱306.9 billion, up 3.5 percent from ₱296.5 billion in the same month last year. Tax collections rose by 12.35 percent to ₱280.1 …

Trade Secretary Cristina Roque on Tuesday expressed gratitude to Century Pacific Food, Inc. (CPFI) for reducing the prices of its canned sardine products by P1. The price rollback, which took effect the same day, covers Ligo and 555 sardine brands. The company said the move was made “to ease the burden on consumers and support them during these times.” Roque …

Filipino consumers are entering the third quarter of 2025 with renewed optimism, buoyed by expectations of better job opportunities, higher incomes, and more stable inflation, according to the latest Consumer Expectations Survey (CES) by the Bangko Sentral ng Pilipinas (BSP). While sentiment in the second quarter remained slightly downbeat—with the overall confidence index (CI) slipping from -13 percent in Q1 …

The Bangko Sentral ng Pilipinas (BSP) expects inflation for June 2025 to fall within the 1.1 to 1.9 percent range, reflecting a mix of upward and downward price movements. “Upward price pressures for the month are likely to be driven by higher meat and vegetable prices, elevated oil prices and the depreciation of the peso,” the BSP said in a …

On Friday, 19 May 2023, the Philippines and the UK held their 4th round of bilateral Economic Dialogue chaired by Philippine Department of Trade and Industry Undersecretary Ceferino Rodolfo and His Majesty’s Ambassador to the Philippines Laure Beaufils.  The Philippines and the UK signed a Partnership Statement on Trade, Investment and Economic Cooperation, which include the following commitments:   Grow bilateral trade, including …

Philippine President Ferdinand R. Marcos Jr. graced the 19th edition of the China-ASEAN Expo  (CAEXPO) through a pre-recorded video message during its opening ceremony. With a strong  invitation to welcome new opportunities to the country, the president highlighted that the  Philippines is “very much open for business.”  CAEXPO is an annual international event held since 2004 with the aim of …

Convenience store chain Family Mart is now accepting loading and pay­ments through beep card, the same tap-and-go card you use for your train and bus rides.

By Luis Leoncio Despite the rise in public spending due to the costly infrastructure buildup of the Duterte administration, the share of debt to the country’s economy slid further as of September this year.

The United Kingdom (UK) plans to hold another business mission in the Philippines in the first quarter of next year, said British Chamber of Commerce of the Philippines (BCCP) chairman Chris Nelson.