Louella Desiderio

Quezon City

Business Reporter at The Philippine Star

Business Reporter, Philippine Star

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Articles

BYD targets higher sales in 2025

1 week ago | philstar.com | Louella Desiderio

MANILA, Philippines — BYD Cars Philippines is aiming to achieve higher sales this year amid rising consumer demand for new energy vehicles (NEVs). During the Manila International Auto Show (MIAS) on Thursday, BYD Cars Philippines managing director Bob Palanca told reporters that their goal is to sell more vehicles this year than in 2024. “We will be aggressive. We’d like to have a good market share as well,” he said.
Filipinos expect US tariffs to hurt economy

1 week ago | philstar.com | Louella Desiderio

MANILA, Philippines — Close to 80 percent of Filipinos expect the United States’ reciprocal tariffs to negatively impact the economy, according to a survey from Milieu Insight. The survey showed that 79 percent of Filipino respondents expect the tariffs to have negative effects on the economy.
‘90-day tariff pause to help recalibrate Philippines export strategy’

1 week ago | philstar.com | Louella Desiderio |Bella Cariaso

MANILA, Philippines — US President Donald Trump’s 90-day tariff pause should be used as a period to strengthen the export sector, according to business groups. Foreign Buyers Association of the Philippines president Robert Young said the country could now take advantage of the 90-day pause by re-evaluating how to shape up and improve its global competitiveness.
Cigarette, liquor sales in ‘sari-sari’ stores drop amid 2024 inflation

2 weeks ago | philstar.com | Louella Desiderio

MANILA, Philippines — Sales of cigarettes and liquor products in sari-sari or neighborhood convenience stores declined last year as inflation eroded consumers’ purchasing power, according to tech startup Packworks. A study from Packworks found that combined sales of cigarette brands Mighty, Marlboro and Winston dropped to over P392 million in gross merchandise value (GMV) last year compared to more than P503 million in 2023.
ADB, ESCAP see Philippines economy growing at least 6% this year

2 weeks ago | philstar.com | Louella Desiderio

MANILA, Philippines — The Philippine economy is seen growing at a faster pace of at least six percent this year from the revised 5.7 percent last year, according to the Asian Development Bank (ADB) and the Economic and Social Committee for Asia and the Pacific (ESCAP).
Swift justice sought for slain trader, driver

2 weeks ago | philstar.com | Louella Desiderio |Emmanuel Tupas

Business groups demandstronger law enforcementMANILA, Philippines — Business groups and civic organizations have denounced the kidnapping and murder of Filipino-Chinese steel magnate Anson Que and his driver Armanie Pabillo and called for swift justice and stronger law enforcement.
Trump’s tariffs take effect

2 weeks ago | philstar.com | Louella Desiderio |Alexis Romero

WASHINGTON – US President Donald Trump’s punishing tariffs on dozens of economies came into force yesterday, including over 100 percent in levies against Chinese goods, sending markets into a tailspin again as the devastating global trade war intensified. Following the sweeping 10 percent tariffs that took effect over the weekend, rates on imports to the United States from exporters like the European Union or Japan rose further on Wednesday.
Factory output tumbles in February

2 weeks ago | philstar.com | Louella Desiderio

MANILA, Philippines — Manufacturing output contracted in February, driven by the slower production of basic metals, machinery and chemicals, according to the Philippine Statistics Authority. Preliminary results of the Monthly Integrated Survey of Selected Industries released by the PSA yesterday showed that the Volume of Production Index (VoPI) for manufacturing registered a 2.4-percent decline in February from the previous month’s 2.3-percent increase and 3.2-percent uptick in February 2024.
Biz groups alarmed over kidnapping of businessman

2 weeks ago | philstar.com | Louella Desiderio

MANILA, Philippines — Business groups have expressed concern over the reported kidnapping of a businessman in Pasay City. The kidnapping, which took place in a seafood restaurant in Metro Manila, has raised alarm among members of the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. Former FFCCCII president Cecilio Pedro said that while the victim is not a member of the federation, he is a friend to many of its members and has supported several of the group’s projects.
PCCI warns of economic disruptions from US tariffs

2 weeks ago | philstar.com | Louella Desiderio

MANILA, Philippines — The country’s largest business organization yesterday warned of potential disruptions to the economy from the reciprocal tariffs imposed by the United States and the retaliatory measures that may be taken by other countries.