As we stand on the brink of Industry 5.0, a new era where advanced technologies and human ingenuity converge, we must ask ourselves: Are we truly equipped with the right skills to navigate this next industrial revolution? While some may feel prepared, how about our employees who are the backbones of our businesses? Is investing in human capital worth every centavo to adopt Industry 5.0? How can we ensure that the integration of cutting-edge technologies enhances rather than diminishes the role of human workers? These questions are crucial as we explore the transformative potential of Industry 5.0 and the imperative to invest in our people.

Have you ever heard a rule so often in school that it simply stayed with you? During my college days, there was one phrase that came up repeatedly throughout my accounting classes: “Do not assume, unless otherwise stated.”

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 108-2025 to publish the full text of a letter from the Food and Drug Administration (FDA) dated 16 October 2025.

As we start out a new year, we look back at a period defined by the acceleration, with the culmination of reforms years in the making, such as the rollout of Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) incentives, the Capital Markets Efficiency Promotion Act (CMEPA), and the operalisation of digital tax compliance through Value-Added Tax (VAT) on digital services and e-invoicing.