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U.S. tariffs on Philippine goods since August 7, 2025, threaten $2.2 billion in export losses, impacting garments, leather, and coconut products.
Philippine exporters revised their 2025 forecast to $105–110 billion amid a 19% U.S. tariff on goods starting August 7, disrupting exports, particularly in garments, leather, and coconut products, though electronics remain exempt.
Despite a 14% export rise through July, a study warns of up to $2.2 billion in potential losses.
J.P. Morgan projects 5.3% GDP growth for 2025, supported by domestic demand and easing inflation, with rate cuts expected.
The ocean economy hit P1.01 trillion in 2024, driven by tourism and fisheries, but employment dipped slightly.
Climate risks and overfishing threaten long-term sustainability.
Los aranceles estadounidenses a los productos filipinos desde el 7 de agosto de 2025, amenazan con $ 2.2 mil millones en pérdidas de exportación, afectando a las prendas de vestir, el cuero y los productos de coco.