According to Grace Lim, senior Asean and Asia economist at UBS Investment Bank Global Research, the Philippine economy is poised for significant growth this year, driven by higher investments and robust consumption. In a virtual briefing on Wednesday, Lim projected that the Philippine economy would experience accelerated growth, supported by favorable economic conditions and strategic…
When we talk about international trade, one term that often comes up is “tariff.” Tariffs are an integral part of global economics, influencing the flow of goods and services between countries. But what exactly are tariffs, and how do they work? Let’s dive into the world of tariffs to understand their purpose, mechanisms, and impact…
To capitalize on the burgeoning professional services market, PricewaterhouseCoopers (PwC) recently inaugurated a new office in the Philippines. This expansion comes on the heels of a remarkable year for the global professional services sector, which witnessed a nearly 10 percent growth in 2023. The professional services market has been on an upward trajectory, encompassing a…
In a heated Tuesday session at the World Trade Organization (WTO), China strongly condemned the tariffs launched or threatened by U.S. President Donald Trump, warning that these “tariff shocks” pose a significant threat to the global trading system and could potentially trigger a global recession. The Tariff Dispute President Trump has announced sweeping tariffs, including…
The Philippines has recently achieved a significant milestone by being removed from the Financial Action Task Force (FATF) grey list. This development is expected to profoundly impact the country’s investment landscape, enhancing its attractiveness to foreign investors and boosting economic growth. Background on the Grey List The FATF grey list, officially known as “Jurisdictions Under…
According to S&P Global Ratings, the Philippines is expected to remain insulated from the impact of potential United States tariffs on Asian economies due to its trade surplus with the world’s largest economy, an advantage among its regional peers. YeeFarn Phua, director at S&P, highlighted that while countries such as China, Vietnam, Malaysia, and Taiwan…
In a rapidly evolving job market, Filipino employees are making waves with their intentions to seek new employment opportunities. According to the 2025 Human Capital Employee Sentiment Study conducted by global risk management and insurance brokerage firm Aon, a staggering 64 percent of survey respondents from the Philippines indicated that they were either in the…
As the world grapples with the economic impacts of protectionist policies and unpredictable trade tariffs, nations must turn their attention inward to safeguard their economic stability. In light of recent developments, World Bank lead economist Gonzalo Varela emphasizes the importance of focusing on domestic reforms and streamlining regulations. These strategies may provide a buffer against…
Crown Prince Mohammed bin Salman announced the kingdom’s intention to invest $600 billion in the U.S. over the next four years to bolster economic ties. This announcement was made during a phone call with President Donald Trump, as the state-run Saudi Press Agency reported.
There is a fear that many USAID programs are being ended. Some may and others may not, but the keyword is frozen until programs are evaluated. Trump’s “America first” attitude emphasizes toughness, seeks concrete benefits from foreign engagements, and centers on hardheaded dealmaking. Below is the mission and the recent reasons for the freeze that…
