Context.ph

Shell Pilipinas Corp., the local unit of global energy giant Shell, announced that its board has approved a new policy—effective January 1—requiring key officers, including its president and CEO, to own a minimum of 100,000 company shares.

Typhoon Uwan weakened after slamming into the Sierra Madre mountains late Sunday but retained its fierce winds. PAGASA lifted Signal No. 5 yet maintained Signal No. 4 over parts of Abra, Benguet, Ifugao, Ilocos Sur, Mt. Province, Nueva Ecija, Nueva Vizcaya, La Union, and Pangasinan. Moving west-northwest at 20 kilometers per hour, Uwan’s center is expected to reach the West Philippine Sea by Monday night, where it may regain strength before veering toward Taiwan. The NDRRMC reported that about 836,000 people across eight regions have been affected, with roughly one-third now sheltering in evacuation centers. Damage and casualty reports are still being collated.

Robinsons Land Corp. (RLC), listed propety development arm of the Gokongwei Group, posted a P3.30 billion profit in the third quarter, buoyed by strong performances across both its investment and development portfolios. Third-quarter results pushed net income attributable to the parent of P10.17 billion for the first nine months of the year—up 2 percent year-on-year.

Insular Life (InLife), the country’s first and largest life insurer, is challenging the long-held Filipino mindset of “bahala na” with its new campaign, “Bahala Not.”

Activist farmers criticized the rice import policy under Executive Order (EO) 105, saying it will worsen the plight of local rice producers.