Exporters are strongly urging the government to double the budget of the Department of Trade and Industry (DTI) to P10 billion to boost support and development of the country’s exports sector as they grumbled about the “tokens” and “lip service” given to the sector, which targets to...
The country’s largest business associations, which employ the bulk of formal workers in the Philippines, totally rejected the planned legislated wage hike stating this move is more inimical to the estimated 42 million informal workers in the country as they cannot benefit from such a wage hike....
Employers are pointing out that only ten percent of the country’s roughly 50 million labor force will benefit from a legislated minimum wage hike, while a large majority of 90 percent will be further disadvantaged from such measure. Sergio Ortiz-Luis Jr., president of the Employers Confederation...
Employers strongly urged the government to speed up reopening of the domestic economy, warning that the huge stimulus packages would just all be for naught if the economy remains on lockdown as business edges into a black hole. At the opening of the virtual 42nd National Employers Conference on the...
On worsening supply chain, logistics constraints Exporters are seeking “very urgent” government assistance to cope with worsening supply chain and logistics constraints, including lack of vessel space, soaring freight rates and container shortage, resulting in shipment delays and huge...
(MANILA BULLETIN FILE PHOTO) The Department of Trade and Industry (DTI) has reduced by 20 percent its medium-term export projections from $130 billion target to $103.9 billion by 2022 amid the impact of the lingering COVID-19 pandemic on Philippine industries. In adjusting downward the export...
Pag-IBIG Fund assured the leaders of the country’s largest business organizations to work for the Board approval of its requires to postpone the agency’s January 2021 implementation of the increase of its mandatory monthly contributions. In a statement, business groups said Pag-IBIG Fund Chief...
