In a report, Nomura Global Markets Research said the Philippines is considered the most vulnerable among ASEAN nations due to the country’s close ties with the US and its reliance on the American market.
“Similar to Trump’s first term, the Philippines will be among the most vulnerable through various channels,” Nomura said.
During his previous administration, Trump adopted a protectionist stance by imposing tariffs and renegotiating trade agreements to favor American interests. If re-elected, Trump is expected to revive similar policies.
“The direct exposure comes from the Philippines’ goods trade surplus with the US which has risen in the last few years and exports are likely to be hurt by the 10 percent tariffs proposed by Trump,” Nomura said.
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Tourist arrivals hit 4.8 M in 10 months
Close to five million tourists from other countries visited the Philippines from January to October, according to the Department of Tourism (DOT).
Aguilar, JB good to go
There was concern among Barangay Ginebra fans that Justin Brownlee and Japeth Aguilar played hurt in Game Three against TNT in the PBA Governors' Cup Finals at the Smart Araneta Coliseum last Friday and may not be available for Game Four tonight.
Celtics keep cool, clobber Hornets
The NBA champion Boston Celtics, fueled by 32 points from Jayson Tatum, bounced back from an overtime defeat with a gritty 124-109 victory over the Hornets in Charlotte on Friday.
Pinoys win 8th gold in world dragon boat meet
The Philippines continued to make waves yesterday in the ICF Dragon Boat World Championships at the Puerto Princesa Baywalk here.
Zverev sets semis date with Rune
Alexander Zverev beat fierce rival Stefanos Tsitsipas in the quarterfinals of the Paris Masters on Friday, while Holger Rune edged Alex de Minaur to keep alive his hopes of reaching the ATP Tour Finals.
FOCUS FALLS ON DEFENSE
As Game 3 wound down, one could notice TNT import Rondae Hollis-Jefferson still going hard at it, furiously fighting for possession and attacking Barangay Ginebra's net.
Hollywood ending for Dodgers fans
Tens of thousands of Los Angeles Dodgers fans celebrated a World Series title with a parade on Friday, the first time since 1988 they could offer such a salute to the squad.
Chot hoping for TNT shots to fall
TNT head coach Chot Reyes rued the Tropa's poor field goal percentage in Game Three of the PBA Governors' Cup Finals against Barangay Ginebra at the Smart Araneta Coliseum last Friday and said the bottom line is to make shots in Game Four tonight.
Japan cyclists risk jail for using mobile phones
Cyclists using a mobile phone while riding in Japan could face up to six months in jail under strict new rules that entered into force on Friday.
Andy Warhol artworks stolen in the Netherlands
Two works by artist Andy Warhol were stolen during the night of Thursday to Friday from a gallery in the south of the Netherlands, while two other screenprints were abandoned nearby.
