Context.ph

The Philippine Economic Zone Authority (PEZA) has registered Hann Philippines Inc. as a Tourism Ecozone Domestic Market Enterprise, clearing the way for the continued development of its multibillion-peso Hann Reserve project in New Clark City.

Manulife Philippines has appointed seasoned legal executive Edgar Tordesillas as its new general counsel, strengthening its leadership team as the insurer sharpens its governance and risk management capabilities.

The Government Service Insurance System (GSIS) has expanded its Balik Ginhawa program to provide greater financial relief for members and pensioners, in line with the directive of President Ferdinand R. Marcos Jr. to deliver more responsive government services.

As organizations aggressively scale up artificial intelligence and advanced technologies, the necessity of internal audit has shifted from a routine compliance check to a critical strategic safeguard. A joint forum marking International Internal Audit Awareness Month—spearheaded by the Internal Audit Groups of PLDT Inc., Smart Communications, Inc., the MVP Group, and JG Summit Holdings—brought together industry leaders to address a pivotal corporate challenge: ensuring rapid technological systems work as intended without causing harm. 

The Philippine Chamber of Commerce and Industry (PCCI) warned that the newly approved minimum wage increase in Metro Manila could fuel inflation, squeeze exporters and eventually dampen employment as businesses grapple with rising labor costs.