The leader of the Philippine exporters’ organization called on the government anew to reinvest in micro, small and medium enterprises (MSMEs), which represent 98% of total enterprises and are considered the backbone of the economy. Philippine Exporters Confederation, Inc. (Philexport)...
Employers are now looking at 2022 as recovery year instead of 2021 due to the “very slow” reopening of business with the medical and the military making decisions for the domestic economy. ECOP President Sergio Ortiz-Luis Jr. In the regular weekly “Tapatan sa The Aristocrat” virtual forum...
Employers believe that granting the proposed P100 daily wage hike will hurt even more the micro, small and medium enterprises (MSMEs), which are struggling to survive amid the coronavirus pandemic, and can result in further rise in unemployment. "The P100 wage increase was requested for a...
Government should further reopen the domestic economy to prevent job losses resulting from downsizing or closure of a number businesses, the Employers Confederation of the Philippines (ECOP) and the government’s economic managers urged. Trade and Industry Secretary Ramon M. Lopez expressed hopes...
(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...
A labor-employer-government meeting agreed in principle to ask government to extend a loan facility to micro enterprises to pay for the mandatory 13th month pay of their employees which is estimated between P500 million to P1 billion. Employers Confederation of the Philippines (ECOP) President...
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...
