Trade gap widens to $54.2 billion in 2024
DPWORLD.COMThe Philippines’ trade-in-goods deficit widened in 2024, the largest trade gap in over two years as imports picked up while exports continued to decline, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary data from the PSA showed the country’s full-year
Overcoming global economic headwinds
TheDigitalWay | PIXABAYBy Bjorn Biel M. Beltran, Special Features and Content Assistant Editor The story remains promising for the Philippines’ economic narrative. But there is yet a long road ahead before the country transition into the next chapter of reaching “upper
Philippines launches global bond offer
REUTERSTHE PHILIPPINES on Thursday launched its offer of dual-tranche US-dollar global bonds, as well as a euro sustainability bond, marking its first foray in the international debt market this year. In a statement, the Bureau of the Treasury (BTr) announced its
Higher inflation expectations fuel household spending — study
The Philippine central bank projects the inflation rate to average 3.3% this year and 3.5% in 2026. — REUTERS/DADO RUVIC/ILLUSTRATIONEXPECTATIONS of rising prices prompt households to increase spending, which may cause inflation to be more persistent, according to a discussion
Philippines to push for free trade deal with US
ICTSIBy Justine Irish D. Tabile, Reporter THE PHILIPPINES will double down on securing a bilateral free trade agreement (FTA) with the US, which it assumes would be more possible under the administration of President Donald J. Trump, a Board of Investments
Grab and BYD enter strategic partnership to expand electric vehicle fleet offering across Southeast Asia
From left: James Ng, BYD General Manager of Singapore & Philippines; Eagle Zhao, BYD General Manager of Malaysia & Indonesia; Benson Ke, BYD General Manager of Thailand; Liu Xueliang, BYD Asia-Pacific Auto Sales Division — General Manager; He Zhiqi, BYD
Building efficient transportation systems
Transportation is an essential part of Filipinos’ daily lives, from going to work and school to transporting goods that fuel the economy. For 126 years, the Department of Transportation (DoTr) has driven the development of the country’s infrastructure toward greater