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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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Meralco sustains anti-pilferage drive, cites risks of illegal connections

Energy & Mining 0
Manila Electric Co. (Meralco) is pursuing an aggressive anti-electricity pilferage campaign in a bid to ensure stability and reliability of its distribution network, while promoting public safety.

DA clears first ASF vaccine for commercial use, aiding swine recovery

Agriculture 0
The Bureau of Animal Industry has approved AVAC ASF LIVE—developed by AVAC Vietnam—as the first African Swine Fever vaccine for commercial sale in the Philippines, nearly seven years after the 2019 outbreak cut the national hog herd from 13 million to roughly 8 million heads.

Eala wins initial match in US Open via sweep

Sports & Entertainment 0
Alex Eala opened her US Open campaign in emphatic fashion.

Habagat, storm damage to agriculture tops ₱3.39B; economic impact deepens

Agriculture 0
Damage to the agriculture sector from the enhanced southwest monsoon (Habagat) and Tropical Cyclones Luis, Maymay, and Neneng has climbed past the ₱3 billion mark, rising to ₱3.39 billion as of 2 p.m. September 2, the Department of Agriculture (DA) confirmed. The figure is up from ₱2.84 billion just 30 hours earlier, at 8 a.m. September 1 — and authorities warn the total will likely rise as field assessments continue.

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