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Australia seeks even deeper ties with ASEAN neighbors

Banking & Insurance Context.ph Context.ph -
Australia, a $1.6 trillion economy which has since strengthened relations with neighbors across Asia, looks to substantially boost its economic engagement in countries under the ASEAN in the years forward.
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Germany beats Serbia, wins FIBA World Cup 2023

Top News Context.ph Context.ph -
Germany outlasted Serbia on Sunday to win its first-ever FIBA World Cup championship, a fitting finish for Deutschland that emerged as the only unbeaten team in the tournament.

Early harvests in Nueva Ecija help push palay prices lower – DA

Agriculture Context.ph Context.ph -
Early harvests by farmers in Nueva Ecija has helped bring down the price of palay at farm gates, the Department of Agriculture (DA) said.

Corporate infraction penalty schedule 900 percent more expensive

Corporate Context.ph Context.ph -
The Securities and Exchange Commission (SEC) has made it more compelling for corporations to heed its admonitions by raising its penalty schedule for corporate infractions a hefty 900 percent. 

Globe’s non-telco revenue growth accelerates shift to techco

Transport & Logistics Context.ph Context.ph -
Globe Telecom Inc. projects a significant rise in non-telco revenue over the next two or three years in keeping with its strategic shift from a traditional telco to a techco with a menu of digital solutions on offer. 
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IT-BPM sector eyes $50.5B revenue, 2.14M jobs by 2028

Communications & Technology 0
The Philippine information technology-business process management (IT-BPM) industry is targeting USD50.5 billion in revenue and 2.14 million jobs by 2028, with plans to expand employment while shifting toward higher-value services.

Finance chief backs LPG, kerosene tax cuts, rejects gasoline tariff suspension

Economy 0
Finance Secretary Frederick Go has backed removing excise taxes on liquefied petroleum gas (LPG) and kerosene but rejected suspending taxes on gasoline and other fuels, citing an estimated P12 billion monthly revenue loss.

Philippines security adviser warns against substandard steel 

Construction 0
National Security Adviser Eduardo SL Oban Jr. warned Tuesday that substandard steel is a growing national security risk, threatening lives, critical infrastructure and the country’s defense supply chain.

Senate votes to revise impeachment vote threshold

Context Dispatch 0
The Senate, sitting as an impeachment court, voted 13-1 Wednesday to revise the voting threshold for convicting or acquitting Vice President Sara Duterte, counting only senators able to participate in the trial rather than all 24 members. Senator Francis Escudero, who presides over the proceedings, cast the lone dissenting vote, maintaining his earlier ruling that conviction requires 16 votes, or two-thirds of the full Senate. Six opposition senators declined to vote. Escudero said the new rule applies only to the current circumstances, with two senators detained, one on medical leave and another in hiding, and does not bind future impeachment courts. He added that fractions in calculating the two-thirds threshold would be rounded up. Defense lawyers reserved the right to challenge the ruling before the Supreme Court.

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