Axelum to Take Advantage of PHL Competitiveness

Axelum Resources Corp., a listed integrated manufacturer and exporter of premium coconut products, intends to capitalize on the Philippines' competitive position over neighboring coconut exporting countries once the United States resumes its higher reciprocal tariffs for most of its trade partners.

- By Richmond Mercurio

Axelum vice president and investor relations officer Paul Cheah told The STAR that based on the announced tariff regime, the Philippines could benefit from the lower tariffs imposed by the US on its exports compared to its neighbors in Asia.

"In general, Philippine exports are poised to strengthen competitiveness relative to competing products within the region due to higher levies imposed on neighboring coconut exporting countries," Cheah said.

"As a company, we will continue to assess the broader impacts of these tariffs, particularly on inflation, commodity prices, supply chain, consumer spending and other cross-border activity," he said.