THE DEPARTMENT of Finance (DoF) on Tuesday disputed the International Institute of Management Development’s (IMD) latest World Competitiveness Rankings report that saw the Philippines’ dropping nine rungs, arguing that this was not consistent with data.

THE STATE grains procurement agency on Tuesday gave the go-ahead for local traders to import up to 805,200 tons of rice under an annual quota scheme, which should boost domestic supply and keep rising prices in check.

BRUSSELS/BERLIN -- Lawmakers in the European Parliament approved on Monday a far-reaching proposal calling for greater scrutiny of foreign investments, part of a bid to respond to a flurry of Chinese acquisitions in the European Union (EU).

THE BANGKO SENTRAL ng Pilipinas (BSP) will raise the auction volume for term deposits in the coming weeks in order to absorb additional liquidity released following a fresh cut in bank reserves.

THE BLOCKCHAIN Association of the Philippines (BAP), one of the first blockchain-related organizations in the country, has been launched to harness and develop its use cases in the country, including the banking sector.

THE FEDERAL RESERVE should slow its pace of policy normalization to help re-align price expectations around 2% and maintain the credibility of its inflation target, Fed Bank of St. Louis President James Bullard said Tuesday in Tokyo.

THE NATIONAL government’s outstanding debt had a slight decrease in April “due to the stronger peso and third currency fluctuations,” the Bureau of the Treasury (BTr) said.

THE PHILIPPINE Institute for Development Studies (PIDS) wants to broaden the level of transparency in the government’s foreign investment negative list to aid prospective foreign investors in making more informed decisions.

THE BUREAU of Customs (BoC) wants to implement the fuel- marking program by next month, as it seeks to cap more than half of the revenue leakages by yearend.