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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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Zalameda named chief justice, inherits top court post

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Rodil Zalameda will become the country’s next chief justice of the Supreme Court on Friday, November 6, succeeding Alexander Gesmundo, who retires after reaching the mandatory age limit.

BSP keeps eye on stability as double-digit lending growth pumps up liquidity

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Robust borrowing from both businesses and households pushed the Philippine money supply upward in September, underscoring a tightly knit loop between active bank lending and circulating financial liquidity.

Tourist arrivals top 5M as US leads, China surges

Travel & Tourism 0
Foreign tourist arrivals in the Philippines surpassed five million as of November 4, growing 3.74 percent from 4.82 million in the same period last year, with a sharp rebound in Chinese visitors helping offset declining arrivals from South Korea.

Agri chief: Rice research key to helping farmers beat climate crisis 

Agriculture 0
Agriculture Secretary Francisco P. Tiu Laurel Jr. has emphasized how rice research and strong partnerships are helping Filipino farmers face growing climate threats, as the Philippine Rice Research Institute (PhilRice) celebrated its 41st anniversary Thursday, November 5.

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