Local economists said the government should develop an “effective” trade and industrial policies that would take advantage of the country’s demographic transition, among others, to boost the country’s exports. They issued the recommendation after the Philippine Statistics Authority (PSA) disclosed on Wednesday that the trade deficit in November 2023 rose…
FILIPINO consumers already reeling from higher inflation could again be at the receiving end of the proposed increase in port storage fees, according to local economists. Former Tariff Commissioner George Manzano told BusinessMirror the increase in port storage fees could be inflationary, given the country’s dependence on imported goods. Manzano noted…
SIMPLER birthdays and even smaller pan de sal may greet Filipino consumers in the next few weeks as wheat prices continue to soar due to the war in Ukraine, one of the country’s top sources of the commodity. Economists said these are just some of the adjustments that could happen…
LOCAL economists are urging the President’s economic team to consider the suspension of taxes on oil and wheat imports to cushion the impact of hostilities in Eastern Europe on consumers. Also on Thursday, the Cabinet-level Development Budget Coordination Committee (DBCC) said the government stands ready to provide a total of…
The Department of Trade and Industry (DTI) recently hosted the “International Trade Forum: Benefits of the Regional Comprehensive Economic Partnership [RCEP] Agreement to the Philippines” in a bid to raise awareness on the opportunities presented by the trade pact. Attended by over 300 participants, the forum is the first in…