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Electronics sector to benefit from AI, new tech: SEIPI

ABS-CBN News
Posted at May 31 10:47 AM

The Philippine electronics sector is optimistic for growth this year despite global headwinds as it stands to benefit from new tech such as AI. Read more »

Trade deficit at $4.93 billion in March: PSA

ABS-CBN News
Posted at May 09 09:48 AM

The Philippines' trade deficit settled at $4.93 billion in March, higher by 7.5 percent as imports continued to outpace exports, the PSA reported. Read more »

US imposes $300-M penalty on Seagate over Huawei shipments

Agence France-Presse
Updated as of Apr 20 03:30 PM

US authorities imposed a $300 million penalty on Seagate Technology, to resolve alleged violations of export controls related to selling hard disk drives to Huawei. Read more »

Philippines eyes free trade deal with US

Jessica Fenol, ABS-CBN News
Updated as of Apr 18 03:05 PM

The Philippines is eyeing a free trade deal with the United States while waiting for the renewal of its eligibility to the US GSP program. Read more »

China eyes banning export of rare earth magnet tech

Kyodo News
Posted at Apr 06 12:58 PM

China is considering banning the export of technology for rare earth magnets, which are crucial for electric vehicles and mobile phones. Read more »

G-7 trade ministers vow to cooperate on tech export controls

Kyodo News
Posted at Apr 05 07:16 AM

Trade ministers from the Group of Seven advanced economies on Tuesday agreed to cooperate to impose export controls for cutting-edge technologies. Read more »

P&G Philippines can use RCEP to boost baby care exports: DTI

ABS-CBN News
Updated as of Mar 17 05:30 PM

RCEP could help manufacturers, such as P&G Philippines, boost exports and access global supply chains, the company said on Friday. Read more »

Dutch to curb chip tech exports for 'security' reasons

Jan Hennp, Agence France-Presse
Posted at Mar 09 08:59 AM

The Dutch government announced plans for new export restrictions on technology to make computer chips, following pressure from the United States to restrict Chinese access to the technology. Read more »

Philippines' gross int'l reserves level slightly lower at $99.3-B in February

ABS-CBN News
Posted at Mar 08 09:11 AM

The Philippines' gross international reserves (GIR) settled at $99.3 billion as of the end of February, data from the Bangko Sentral ng Pilipinas showed. Read more »

Filipinos must focus on RCEP potential gains, not losses: DTI chief

ABS-CBN News
Updated as of Mar 06 11:11 AM

Filipinos should look at potential gains instead of losses from the Regional Comprehensive Economic Partnership Agreement, Trade Sec. Pascual said. Read more »

Agri problems not due to imports: economist

ABS-CBN News
Updated as of Feb 22 04:14 PM

The Philippines' agricultural problems are not due to imports, Foundation for Economic Freedom President Calixto Chikiamco said on Wednesday. Read more »

NEDA says RCEP to bolster PH position as investment hub

ABS-CBN News
Posted at Feb 22 12:38 PM

NEDA Secretary Arsenio Balisacan said the RCEP would bolster the Philippines' position as an investment hub. Read more »

RCEP beneficial if PH 'does things right': MBC

ABS-CBN News
Updated as of Feb 22 10:09 AM

The Philippines stands to benefit from the Regional Comprehensive Economic Partnership (RCEP) if the government and stakeholders do things right, Makati Business Club Executive Director Francisco Alcuaz Jr said on Wednesday. Read more »

RCEP to expand market access, attract investments: Diokno

ABS-CBN News
Posted at Feb 22 09:10 AM

Finance Secretary Benjamin Diokno said on Wednesday the Regional Comprehensive Economic Partnership (RCEP) would provide enhanced trade, strengthen business environment, attract more investments, create jobs and support post-pandemic recovery. Read more »

PH at a disadvantage without RCEP ratification, says DTI chief

Michelle Ong, ABS-CBN News
Posted at Feb 15 11:13 AM

Without the Regional Comprehensive Economic Partnership (RCEP), the Philippines will have a "disadvantage" compared to its peers that are already reaping benefits from the deal in form of investments, Trade Secretary Alfredo Pascual said on Wednesday. Read more »

PH durian production to expand after export deal with China

ABS-CBN News
Posted at Feb 04 03:09 PM

This January, a $US2 billion fruit export deal to China was forged. Read more »

RCEP will hurt local farmers, agri groups insist

Jekki Pascual, ABS-CBN News
Posted at Feb 01 03:04 PM

Several agricultural groups reiterated their opposition to the Regional Comprehensive Economic Partnership (RCEP) saying it could hurt local farmers. Read more »

PH envoy backs 'restart' of talks for US trade deal

Jekki Pascual, ABS-CBN News
Posted at Jan 31 05:41 PM

The GSP or Generalized System of Preferences allows duty-free entry of some Philippine products to the US. Read more »

Philippines 'ready' for RCEP ratification: official

ABS-CBN News
Posted at Jan 31 11:05 AM

The RCEP ratification will be beneficial to the country but there should be safeguards for key agricultural products, an official said. Read more »

Japan's 2022 trade deficit hits record on energy costs

Agence France-Presse
Updated as of Jan 19 11:46 AM

Japan logged its largest ever annual trade deficit last year, with the soaring price of energy and raw materials compounded by the dramatic fall of the yen. Read more »