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BUSINESSOct 2Philippines’ jeepney drivers ‘stuck between a rock and a hard place’ despite fare increaseReggie Manlapig, 46, has been driving jeepneys for nearly 25 years and has weathered rising fuel prices – but with costs spiking amid the global energy crunch, he is now wrestling bigger demons. “The impact has been huge. Before, in a 16-hour shift of driving, I could take home 400 to 500 pesos [US$6.30 to US$8] – now there’s a big cut to that income,” said Manlapig, who plies a two-hour daily round route from Malolos in Bulacan, north of Manila, to San Fernando, Pampanga. “Doing the full route...South China Morning Post
BUSINESSSep 27After EU-Philippines trade breakthrough, is Asean-wide deal next?After a decade of start-stop negotiations, the European Union and the Philippines have found their way to a “substantial agreement” on free trade – one that analysts say could pave the way for Brussels to lock in an Asean-wide pact. The breakthrough, announced on Tuesday, capped talks that began in 2016 and stalled a year later, only to resume again in 2024. “I am proud to say we have delivered a substantial agreement that reflects the ambition both sides brought to the table,” EU trade chief...South China Morning Post
BUSINESSSep 26Philippines suspends LPG and kerosene excise over Middle East warThe Philippines temporarily suspended excise duties on petroleum products used for cooking, the presidential palace said on Friday, as it struggles to deal with soaring fuel costs from the Middle East war.thestar_my · malaysia
BUSINESSSep 22Philippines , EU eye FTA signing in 2027 - BusinessWorld OnlineThe Philippines and the European Union are aiming to finalize a Free Trade Agreement (FTA) by 2027. This potential agreement signifies growing economic ties and trade liberalization between the regions.bworldonline.com · Philippines
BUSINESSSep 22EU seals Philippines trade deal in push to diversify away from China and USEU Trade Commissioner Maroš Šefčovič said the deal with the Philippines would give EU businesses access to a market of 113 million consumers, strengthening the strategy to seek trade deals across the region.EuroNews [en]
BUSINESSSep 21Upgraded but underperforming: Philippines’ growth lags behindThe Philippines’ rise to upper-middle-income status was supposed to mark a new phase for one of Southeast Asia’s most closely watched emerging economies. Instead, analysts say the milestone has done little to shield the country from short-term pressures weighing on growth: sluggish public spending, delayed infrastructure, high living costs and the fallout from investigations into alleged irregularities in flood control projects. Those strains have left the Philippines looking like a regional...South China Morning Post
BUSINESSSep 15The Philippines needs to turn fast growth into productive growthThe Southeast Asian nation has proved it can grow. Now, amid shifting supply chains and rising geopolitical tensions, it must prove it can grow more productively. The post The Philippines needs to turn fast growth into productive growth appeared first on Atlantic Council.Atlantic Council
BUSINESSSep 14EU trade chief to visit Manila to finalise Philippines trade dealManila and Brussels have already completed six rounds of talks aimed at reducing trade barriers across a broad range of sectors. The agreement would represent another step in Brussels’ efforts to diversify its trade relationships throughout the Asia-Pacific region.EuroNews [en]