US PRESIDENT Donald J. Trump on Tuesday announced he was imposing a new 19% tariff rate for goods from the Philippines, following a meeting with President Ferdinand R. Marcos, Jr. at the White House.

A US TARIFF of 19% on Philippine goods will likely undermine the competitiveness of local exporters compared with those in neighboring Southeast Asian countries, analysts said.

A GLOBAL SLOWDOWN and higher US tariffs have clouded the growth outlook for the Philippines, as the Asian Development Bank (ADB) and ASEAN+3 Macroeconomic Research Office (AMRO) both downgraded their ...

SAN MIGUEL Global Power Holdings Corp. (SMGP), the power arm of San Miguel Corp. (SMC), has acquired a 3.8% stake in Manila Electric Co. (Meralco) for P3.9 billion following a long-delayed deal with ...

LISTED digital entertainment provider DigiPlus Interactive Corp. is appealing for dialogue with lawmakers amid proposed restrictions on online gambling, warning that a total ban could affect the ...

BUSINESSWORLD popped in on the second day of the Tagaytay Food Festival, which ran from July 18 to 20 mainly at the Tagaytay Vista Hotel. While inclement weather canceled events such as off-site tours ...

PHINMA EDUCATION Holdings, Inc. reported an 8% increase in net income for financial year 2024-2025 (April 2024 to March 2025) to P1.5 billion, driven by higher enrollment. The company is preparing to ...

HUMAN MADE, the Japanese streetwear brand by designer and et cetera Nigo has teamed up with Shake Shack for a collaboration that marries fashion and food. We called Nigo a “designer and et cetera” ...

THE SOCIAL SECURITY SYSTEM (SSS) will lower the interest rate for calamity loans and streamline the program to allow more members to get financial assistance to cope with the impact of natural ...

UNICEF, the United Nations agency for children, has come up with a list of “marketing” tricks used by purveyors of unhealthy food which target children. The agency, which is present in more than 190 ...

JOLLIBEE FOODS CORP. (JFC) has introduced a new corporate brand as the company pursues global growth. While its legal entity name remains JFC, the official corporate name will now be the “Jollibee ...

YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits dropped on Wednesday amid strong market demand. The BSP’s term deposit facility (TDF) attracted bids worth P144.309 billion, above the ...