MANILA, Philippines — The National Economic and Development Authority (NEDA) board has approved an executive order on the country’s tariff commitments for the mega trade deal, the Regional Comprehensive Economic Partnership (RCEP). It also approved the social protection floor (SPF) framework, which aims to institutionalize initiatives to help the most vulnerable groups. NEDA Secretary Arsenio […]
Read MoreMANILA, Philippines — The country’s balance of payments (BOP) position reverted to a surplus of $1.27 billion in March, reversing the $895-million deficit in February on the back of strong inflows from loans obtained by the national government from multilateral lenders. Data released by the Bangko Sentral ng Pilipinas (BSP) showed the surplus last month […]
Read MoreThe Philippines spent more than 450 million USD importing some 900,000 tonnes of Vietnamese rice in the first quarter of this year, and more orders are expected to be placed in the time ahead. The country was the biggest importer of Vietnamese rice in the reviewed period, making up 48.2% in volume and 45.9% in […]
Read MoreTHE PHILIPPINES remains open forging trade deals despite US Trade Representative Katherine Tai saying that the US was not considering a pact with the Philippines at the moment, Trade Secretary Alfredo Pascual said on Wednesday. In an interview with reporters, Pascual said that Tai’s remarks were understandable as the US was also facing several problems […]
Read MoreMANILA, Philippines — The country’s dollar position rebounded to surplus territory in March on the back of the Marcos Jr. administration’s foreign currency loans. Data released by the Bangko Sentral ng Pilipinas on Wednesday showed the country’s balance of payments position landed a surplus of $1.3 billion in March. This was larger compared to the […]
Read MoreMANILA, Philippines — A trend of expensive condominium prices are sweeping across cities outside Metro Manila, so says Colliers Philippines on Wednesday. The professional services and investment management firm made a case for this in a commentary, indicating developments across Pampanga, Bulacan, Cebu, Davao, Bacolod, and Iloilo. Colliers noted that condominium prices in these areas […]
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