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MANILA, PHILIPPINES — The Marcos administration doesn’t expect the peso to reach 58 per dollar this year anymore due to lower import forecasts. Now, the interagency Development Budget Coordination Committee (DBCC) predicts the peso will average between…
MANILA, Philippines — The deadline for public utility vehicle (PUV) consolidation has been extended and the government has already stressed that it will not be the one to decide on the brand of modern vehicles for the…
I’ve heard people passionately speak about imports as if they are the most evil scourge on our economy, hence must be tightly controlled if not stopped altogether. When economists like me argue for more liberalized trade to…
No doubt, agriculture now deserves top attention among the three economic sectors, over industry (mostly manufacturing) and services (with its mix of low- and high-value activities). The global food crisis that COVID-19 and Russia’s invasion of Ukraine…
The Bureau of Customs (BOC) collected P50.9 billion in import duties and other taxes in October, exceeding its downscaled revenue goal for the fifth straight month. While the BOC’s actual collection was 5.2-percent higher than the…
The value of goods exported and imported by the Philippines in August fell by more than a fifth due to still weak global demand caused by the COVID-19 pandemic. The latest preliminary external trade data released by…
Mandaue City, Cebu—Expect the slam dunk competition of this year’s Cesafi All-Star break to be action packed. This as foreign student-athletes will be competing in the much-awaited side event of the All-Star Games scheduled on November 10,…
TORONTO – China is suspending all meat imports from Canada amid their dispute over the Canadian detention of a top executive at the Chinese tech company Huawei. The Chinese Embassy in Ottawa said in a statement on…
The continued delay in petroleum exploration amid an anticipated decline in Philippine output of oil and gas is driving the country to even greater reliance on imports, according to a unit of Fitch Group. “The Philippines’ oil…
THE trade deficit widened to a record $4.2 billion in October as the jump in imports, especially of food products, outpaced exports, the government reported Tuesday. This developed while the government eased importation procedures to ease high…
Donald Trump’s tariffs on another $200 billion of Chinese imports took effect Monday, with Beijing accusing Washington of “economic intimidation” as the standoff between the world’s top two economies clouds the global outlook. The latest volley against…
The Cebu Schools Athletic Foundation Inc. (Cesafi) will no longer allow foreign players to play by the season 2021-2022. This was announced by CESAFI commissioner Felix “Boy” Tiukinhoy during a press conference at the Harolds Hotel on…
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