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Economy

HK airport remains busiest cargo airport in 2023

Hong Kong International Airport remained the busiest cargo airport in 2023 based on the latest preliminary data from Airports Council International (ACI) World ...

US, Japan, PH to develop Luzon Economic Corridor

The United States and Japan will help the Philippines develop the Luzon Economic Corridor The initiative will support connectivity between Subic Bay, Clark,...

Air cargo rates still rising, ME-South Asia prices soar

Worldwide air cargo rates continued to rise into the first week of April, according to an analysis from WorldACD Market Data Middle East...

Shipping industry faces “shadow of uncertainty”

The global shipping industry faces a “shadow of uncertainty”, particularly with China’s economy teetering on the brink of instability Veson Nautical, which delivers...

Marcos asks US Congress to reauthorize GSP program

President Ferdinand Marcos, Jr. appealed to the US Congress to fast track reauthorization of the US Generalized System of Preferences program Legal authorization...

PH manufacturing records faster growth in Feb

The Philippine manufacturing sector recorded faster growth in February 2024 with more than half of the 22 industry divisions posting increases The value...

PH sees $100B investments from US, Japan after historic trilateral meet

The Philippines is looking at generating around $100 billion in investments from the US and Japan in the next five to 10 years...

PH Feb trade deficit narrows to 6% fueled by double-digit exports

The country’s trade deficit saw a slower decline of 6% in February 2024 as trade in goods finally recorded an increase with both...

DA eyes deep piers to cut farm input cost

The Department of Agriculture is eyeing the construction of deep piers to accommodate large ships This would help consolidate shipments and cut the...

DA appoints OIC for anti-agri smuggling unit

Agriculture Secretary Francisco Tiu Laurel has appointed Carlos Carag officer-in-charge, Office of the Assistant Secretary for the Department of Agriculture Inspectorate and Enforcement,...