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Economy

Marcos seeks Czech Republic’s support for resumption of PH-EU Free Trade Agreement talks

President Ferdinand Marcos, Jr. sought the support of the Czech Republic for the resumption of the Philippine-EU Free Trade Agreement talks He made the...

Cebu ports handle 1.84% more cargo in 2023

Cebu ports handled 1.84% more cargoes in 2023 compared to 2022, according to updated data from the Cebu Port Authority Domestic cargoes grew...

Locally constructed vessels expected to rise 20% this year

The Shipyard Association of the Philippines expects a 20% increase in locally-constructed vessels this year compared to 2022 The growth will come from...

Air cargo sees strong double-digit growth in Jan, Feb

Air cargo market sees double-digit growth and an uptick in general freight spot rates, according to Xeneta’s latest market analysis Following January’s 11%...

Global connectedness remains strong despite series of global shocks, says new DHL study

Global connectedness remains strong despite a series of global shocks over the past decade Globalization reached its peak in 2022 and remained close...

PH falls to 65th place in DHL Global Connectedness Report

The Philippines fell seven places to 65th out of 181 economies in the latest Global Connectedness Report by DHL and New York University’s...

PH secures $4B investment pledges from German firms

President Ferdinand Marcos, Jr. secured investment pledges worth $4 billion (P220 billion) from German companies during a three-day working visit to Berlin The...

PH trade deficit narrows 24% in Jan as exports recover

The Philippines’ trade deficit narrowed 24% in January year-on-year as imports continued to drop and exports recovered Total external trade in goods declined...

International air freight forwarders in PH lift 17% less cargo in 2023

International air freight forwarders handled 302.140 million kilograms of cargo in 2023, down 17% year-on-year Nippon Express Philippines remained the lead forwarder with...

Red Sea crisis hits global trade hard

Global trade in the past few months have been seriously affected by disruptions of two critical shipping routes, namely the Panama Canal and...