Trump Imposes Up to 100% Tariffs on Imported Drones
In a significant trade move, President Trump announced tariffs of up to 100% on imported drones, citing national security. This decision may reshape the U.S. drone market, dominated by foreign manufacturers, particularly from China.
Marcos Starts 4-Day Official Visit to Canada
President Ferdinand Marcos Jr. has embarked on a significant four-day trip to Canada, which marks the first visit by a Philippine president in over ten years. This visit aims to deepen economic and diplomatic ties between the two nations.
Trump Set for High-Stakes Visit to China This Week
President Donald Trump will visit China from May 13 to 15, focusing on trade and Iran. This marks the first presidential visit since 2017.
Vietnam Pursues Enhanced Defense and Trade Relations with Sri Lanka
Vietnam's President To Lam advocates for stronger defense and trade ties with Sri Lanka, highlighting its key maritime position.
Cebu Governor Urges Asean Delegates to Invest in the Province
Cebu Governor Pamela Baricuatro calls for Asean delegates to return and invest in Cebu post-summit, highlighting the event's potential for long-term economic benefits.
ICTSI Reports 21% Profit Surge in Q1 Driven by New Ports in South Africa and Indonesia
International Container Terminal Services Inc. (ICTSI) has reported a 21% increase in net income for the first quarter of 2026, driven by newly activated terminals in South Africa and Indonesia. This growth comes amidst geopolitical tensions affecting trade.
Philippine Manufacturing Sector Contracts Amid Ongoing Middle East Conflict
The Philippine manufacturing sector experienced a contraction in April, driven by disruptions from the ongoing Middle East war. The Purchasing Managers' Index dropped significantly, reflecting a steep decline in new orders and export demand.