Bello believes inflation rate of 5.2% will affect all workers

Published July 6, 2018, 4:06 PM

by AJ Siytangco

 

By Leslie Ann Aquino

Labor Secretary Silvestre Bello III believes the 5.2 inflation rate will also affect workers.

Labor Secretary Silvestre Bello III (ROBINSON NIÑAL JR./Presidential Photo / MANILA BULLETIN)
Labor Secretary Silvestre Bello III
(ROBINSON NIÑAL JR./Presidential Photo / MANILA BULLETIN)

“It will affect all the workers for that matter. Whether they are minimum wage earners (or not), of course, they will feel the effect,” he said in an interview Thursday.

Asked if this would hasten the deliberations on possible wage orders, the labor chief replied: I don’t think so.

“It may not be that immediate,” Bello added.

As to the possible assistance that the DOLE can give to workers particularly minimum wage earners, he cited the cash subsidy and nonmonetary discounts as examples.

Bello also expressed confidence that their proposed cash subsidy of P200 per month will be approved.

“We are confident that it will be approved. Because before we made our recommendation, we had a meeting with DOF (Department of Finance), DTI (Department of Trade and Industry), NEDA (National Economic and Development Authority) and even DSWD (Department of Social Welfare and Development),” he said.

Earlier, Bello revealed that they are looking to provide subsidies amounting to P200 per month (P2,400 for 12 months) to minimum wage earners nationwide.

But, he said, this still needs the approval of the President.

On Thursday, the government reported that inflation has jumped by 5.2 percent in June.

 

 
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