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US budget deficit tops half a trillion
Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows The US federal budget deficit reached half a trillion dollars in the first three months of the new fiscal year as spending picked up while receipts shrank, the US Treasury revealed on Thursday. In December a.....»»
S& P: Philippines may miss growth goal this year
S&P Global Ratings sees the Philippines again missing its growth targets this year as it kept its gross domestic product growth forecast at 5.9 percent. While the projection is better compared to other economies in the region, it is again below the government’s 6.5 to 7.5 percent growth target......»»
CitySavings Named One of the 2024 Philippines’ Growth Champions
City Savings Bank (CitySavings) continues to cement its position to become the leading mass market bank in the country with its inclusion as one of the 2024 Philippines’ Growth Champions. The Philippine Daily Inquirer released the report with international market research firm Statista. This year’s Philippines’ Growth Champions are companies with remarkable growth and resilience […].....»»
6 Catholic bishops demand protection for Filipino fishers from Chinese aggression
Six Catholic bishops in dioceses with fisher communities have issued a rare appeal for the government to bring the full might of the law against Chinese vessels harassing Filipino fisherfolk, backing international action to stem China’s “forcible occupation” of Philippine maritime zones......»»
Herbosa: Clinic under probe after skin treatments linked to woman’s death
A 39-year-old woman died last week hours after getting glutathione and stem cell treatments......»»
Philippines gets 25,000 MT US sugar allocation
Washington has given Manila the green light to export 25,300 metric tons raw value of raw sugar to the US at lower tariff rates, the US Trade Representative announced recently......»»
EDITORIAL - Foreign trade barriers
Instead of declaring war on pollster Pulse Asia over its latest survey showing 88 percent of Filipinos opposing Charter change, congressmen can read the report of the office of the US Trade Representative, which details foreign trade barriers in 59 markets including the Philippines......»»
‘Trade with China should continue’
The Philippines should continue to pursue stronger trade ties with China despite rising tensions in the West Philippine Sea, according to the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. and the Department of Trade and Industry......»»
NZ-EU FTA gains Royal Assent for 1 May entry to force
The European Union Free Trade Agreement Legislation Amendment Bill received Royal Assent today, completing the process for New Zealand's ratification of its free trade agreement with the European Union. "I am pleased to announce that today, in a small ceremony at the Beehive, New Zealand notified the European Union of our ratification of the New Zealand European Union Free Trade Agreement (NZ-EUFTA)......»»
Malaysia holds historic biz market footprint in city
CONSIDERING the business climate and unique geographic position of Davao City, the Malaysia External Trade Development Corporation (Matrade) under the trade promotion agency of the Ministry of Investment, Trade and Industry (MITI) has set a historic business market footprint in the city through the Market Immersion Mission, making Davao one of their smart cities in the country, alongside the Philippine’s capital region, Manila......»»
BOC creates body to solve trade woes
The Bureau of Customs has established an advisory council that aims to address trade bottlenecks and enhance trade facilitation among importers and business groups amid a changing global environment......»»
French Farmers Protest Unfair Competition in EU Free-Trade Agreements
French Farmers Protest Against Unfair Trade Agreements Imposed by EU French farming unions have taken to the streets to protest against free-trade agreements imposed by.....»»
Packaging trade show to support MSME development efforts – DTI
The Regional Operations Group of the Department of Trade and Industry expressed support for the upcoming ProPak Philippines trade show, emphasizing its potential to offer opportunities for innovation and improvement in product processing and packaging to micro, small and medium enterprises......»»
Philippines total external trade drops by 5.4 pct in November
MANILA, Jan. 10 (Xinhua) -- The Philippines' total external trade in goods declined by 5.4 percent in November 2023 to 16.95 billion U.S. dollars from 17.92 billion dollars in November 2022, the Philippine Statistics Authority (PSA) said Wednesday. Of the total external trade in November 2023, 63.8 percent were imported goods, while the remaining were exported goods, the PSA said. The PSA said the balance.....»»
European businesses welcome restart of FTA talks
European businesses welcomed the restart of talks between the Philippines and the European Union for a free trade agreement, as they emphasized the importance of trade deals in promoting economic growth and stronger ties......»»
DILG fails to serve Rama suspension order
The Department of the Interior and Local Government (DILG)-Central Visayas office failed yesterday to implement the six-month preventive suspension order of the Office of the Ombudsman against Cebu City Mayor Michael Rama and seven other city hall officials......»»
Video shows FedEx cargo plane landing on its nose in Istanbul after landing gear fails
A FedEx Boeing-767 cargo plane made headlines on Tuesday as it successfully landed at Istanbul Airport in Turkey without its front landing gear. The plane,.....»»
5 Kim Soo-hyun roles that stole our hearts
South Korean actor Kim Soo-hyun never fails to make our hearts flutter with his drama roles throughout the years and his ongoing drama, “Queen of Tears”, is not an exception. Kim Soo-hyun was first popularly known in the 2011 South Korean high school drama, “Dream High”, where he played the role of Song Sam Dong,.....»»
If you love “The Tortured Poets Department”, listen to these other Taylor Swift songs
Swifties worldwide collectively went on “Do Not Disturb” mode as American singer Taylor Swift dropped her newest album, “The Tortured Poets Department,” on Friday, April 19, 2024. Everyone prepared themselves to listen to a total of 15 new songs. Still, the singer-songwriter never fails to keep some tricks up her sleeves as she shocked the.....»»
NFA fails to meet palay procurement target in February
The National Food Authority continues to struggle in beefing up its rice buffer stock as its buying price remains uncompetitive against private traders, worsened by lesser harvest in February......»»