PHILSTAR FILE PHOTOTHE National Food Authority (NFA) called for the lifting of the preventive suspensions on NFA staff over the alleged irregular sale of rice reserves.NFA Administrator Larry R. Lacson said that the Office of the Ombudsman said these personnel are needed to implement the

FINANCE SECRETARY RALPH G. RECTO — DEPARTMENT OF FINANCE FACEBOOK PAGEBy Luisa Maria Jacinta C. Jocson, ReporterTHE recently approved tariff cut on rice imports will reduce government revenue by up to P22 billion, but will pave the way for inflation to fall sufficiently to justify

SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) more than tripled in April, the Bureau of the Treasury reported.Budgetary support to GOCCs surged 209% to P27.72 billion in April compared to a year earlier.The National Irrigation Administration (NIA) received the most subsidies during the month

PHILIPPINE STAR/MIGUEL DE GUZMANRETAILERS and supermarket owners said they support a move by leading manufacturers to voluntarily keep prices steady, noting the “relief” such a measure would provide to the public.Steven T. Cua, executive director of the Philippine Amalgamated Supermarkets Association, said that he welcomes

REUTERSTHE Department of Trade and Industry (DTI) said on Saturday that collective action is needed to address the clean energy transitions and anti-corruption efforts.The statement was issued in the wake of the signing of the Clean Economy and Fair Economy Agreements, as well as the

BW FILE PHOTOTHE Department of Energy (DoE) does not expect red alerts to be declared on the power grid in the coming weeks with the power supply stabilizing, though it added that yellow alerts remain a possibility.“We do not see manual load dropping or red

REUTERSMORE SHIPMENTS of the top Philippine cotton apparel exporter to the US have been released after having been detained due to the US crackdown on cotton sourced from the restive Chinese region of Xinjiang, the Confederation of Wearable Exporters of the Philippines (Conwep) said.“We have

REUTERSDECLINING ocean health is strengthening the argument for making “green” investments, the Asian Development Bank (ADB) said.“The continuing decline of ocean health is already impacting critical economic sectors, threatening the food security and livelihoods of millions,” Melody F. Ovenden, senior environmental specialist at the ADB’s

IN BRIEF: • Firms and departments dealing with finance and accounting can leverage GenAI to enhance data entry and reconciliation, enrich forecasting and analysis, and fortify risk management.• To be “future ready,” the finance function must embrace digital transformation, which is characterized by being responsive, insightful,

PHILIPPINE COAST GUARD FILE PHOTOByKyle Aristophere T. Atienza and John Victor D. Ordoñez, ReportersTHE GOVERNMENT of President Ferdinand R. Marcos Jr. should temper its expectations for the Association of Southeast Asian Nations (ASEAN) under the leadership of Malaysia to support its case in its sea

PHILSTARBy Chloe Mari A. HufanaJEEPNEY consolidation under the Philippines’ modernization plan should be optional to ease the burden on operators and drivers, according to a local jeepney manufacturer.“Jeepney operators who see the benefits of forming a cooperative or corporation should be allowed to form one,” Francisco

BRP SIERRA MADRE, a marooned transport ship which Philippine Marines live in as a military outpost, sits on the disputed Second Thomas Shoal, part of the Spratly Islands in the South China Sea. — REUTERSTHE PHILIPPINES at the weekend said it would continue to conduct