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Proposed wage hikes impose 30% added costs for employers

Top News Context.ph Context.ph -
A top official of a national employers’ group warned that a P150 legislated daily wage increase will inflict “incalculable damage” on the economy and urged instead for more sustainable alternatives to help workers cope with the rising cost of living.

Debt payments, diminished gold value push GIR lower in September

Banking & Insurance Context.ph Context.ph -
The country's gross international reserves (GIR), an indicator of capacity to pay maturing foreign debt and trade obligations, stood lower in September to $98.7 billion from $99.6 billion, the Bangko Sentral ng Pilipinas (BSP said on Friday.

Draft circular on listed firm sustainability reports out – SEC

Corporate Context.ph Context.ph -
The Securities and Exchange Commission on Thursday has revised the sustainability reporting mandate for publicly listed companies to reflect the latest developments in global sustainability frameworks.

ERC considers removing price ceilings under GEA3

Energy & Mining Context.ph Context.ph -
The Energy Regulatory Commission (ERC) is considering the removal of price caps at the third Green Energy Auction (GEA3).

Government removes rice price caps 

Agriculture Context.ph Context.ph -
President Ferdinand Marcos Jr. on Wednesday announced the lifting of price caps on rice 29 days after first imposing the measure covering both the regular milled and well-milled staple. 
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BIR sets year-end deadline for e-invoicing compliance

Economy 0
Businesses covered by the Bureau of Internal Revenue’s (BIR) electronic invoicing mandate have until year-end to upgrade billing and accounting systems, potentially adding to software, technology and training costs.

Philippine-EU trade deal key as GSP+ exit nears

Trade & Investments 0
The Philippines is pushing for a free trade agreement (FTA) with the European Union to protect preferential market access and shield exporters from higher tariffs as the country moves closer to losing eligibility for the EU’s Generalized Scheme of Preferences Plus (GSP+).

UK seeks immediate trade gains with Philippines

Trade & Investments 0
The United Kingdom is seeking to deepen trade and investment ties with the Philippines without waiting for Manila’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), signaling a parallel approach to bilateral and regional economic integration.

Taiwan firm brings robotics manufacturing to Batangas

Communications & Technology 0
Taiwan-based CQS Precision Die Casting Inc. is expanding into the Philippines with a new manufacturing facility in Batangas, adding robotics production to the industrial mix at LIMA Estate.

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