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Trade deficit at $5.74 billion in January 2023: PSA

ABS-CBN News
Updated as of Mar 14 04:25 PM

The trade deficit widened to $5.74 billion in January 2023, as imports outpaced exports, data from the Philippine Statistics Authority released Tuesday showed. 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 »

DA says validating 'irregularities' in sugar imports

Jervis Manahan, ABS-CBN News
Posted at Feb 22 05:15 PM

The Department of Agriculture said it is validating claims of irregularities in the recently approved sugar importation order amid alleged "state-sanctioned smuggling." 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 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 »

THE DAY IN PHOTOS: February 16, 2023

ABS-CBN News
Posted at Feb 17 12:19 AM

Here are the day's top stories in photos. Read more »

Repacking sugar

Maria Tan, ABS-CBN News
Posted at Feb 16 05:31 PM

Workers repack different types of sugar at a store in Visayas Avenue Wet And Dry Public Market in Quezon City on Thursday 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 »

Marcos approves onion trader limit, says DTI official

Pia Gutierrez, ABS-CBN News
Posted at Feb 06 05:20 PM

President Marcos Jr. has approved initiatives proposed by the DTI to help regulate the soaring prices of onions in the country, an official said. 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 »

THE DAY IN PHOTOS: January 19, 2023

ABS-CBN News
Posted at Jan 20 12:09 AM

Here are the day's top stories in photos. Read more »

Unloading the sweet stuff

Jonathan Cellona, ABS-CBN News
Posted at Jan 19 05:42 PM

A vendor unloads a sack of sugar before accommodating customers at Bagong Silang Public Market in Caloocan on Thursday. 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 »

ALAMIN: Maaari bang mag-uwi ng sibuyas, prutas mula abroad?

ABS-CBN News
Posted at Jan 17 01:45 AM

Wala pang ginagawang imbestigasyon umano ang Bureau of Customs sa flight crew na nahulihan ng mga sibuyas at prutas na mula sa abroad, ayon sa isang opisyal. Read more »

China imports, exports plunge in December: customs

Sébastien Ricci, Agence France-Presse
Posted at Jan 13 01:16 PM

China's exports in December fell at their fastest pace since 2020, according to official data Friday, owing to a drop in global demand and after health restrictions hit economic activity at home. Read more »