Malacañang hopes for a win-win solution for both employees and employers following the suspension of the first tranche of the P85 daily wage hike for minimum wage earners in Metro Manila. Palace Press Officer and Communications Undersecretary Claire Castro said they are hoping that issues...
The implementation of the first tranche of the P85 daily wage increase for minimum wage earners in Metro Manila were deferred following the issuance of a court order based on a legal challenge by at least two companies, the Department of Labor and Employment (DOLE) confirmed on Thursday, July 27....
A “triple threat” of crude oil prices topping $80 per barrel, Metro Manila’s ₱85 daily wage hike, and severe El Niño conditions could push third-quarter Philippine inflation back to levels seen during the height of the Middle East crisis and prompt the Bangko Sentral ng Pilipinas (BSP) to...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the Philippine peso’s recent fall to its weakest level on record was “misleading,” citing the tremendous strength of the United States (US) dollar against major currencies. Last Friday, July 24, the peso sank to a fresh...
ILOILO CITY – The Regional Tripartite Wages and Productivity Board-6 under the Department of Labor and Employment-6 is reviewing petitions to increase daily salary in Western Visayas by P250. The RTWPB-6 held a dialogue with stakeholders last July 21 to discuss the petition to increase daily wage...
The Department of Labor and Employment (DOLE) will be offering assistance program to micro, small, and medium enterprises (MSMEs) in Metro Manila that are not yet ready to bear the impact of the P85 wage increase DOLE Secretary Francis Tolentino said the move is aimed at cushioning the adverse...
Malacañang said the P85-daily wage increase for minimum wage earners in the National Capital Region (NCR) will push through, and was not suspended. "Hindi po, wala pong suspension. Wala pong paghihinto po dito, tuluy-tuloy po ito (No, there is no suspension. There will be no halt to this, it will...
Salary increases in the Philippines are expected to remain moderate through next year as employers balance rising inflation, cost pressures, and the need to retain critical talent, according to global advisory, broking and solutions company Willis Towers Watson plc (WTW). In its latest Asia-Pacific...
The P85 daily wage increase for minimum wage earners will be given in two tranches, the first installment will be on July 25, the Department of Labor and Employment (DOLE) said. The wage increase was initially announced to be implemented on July 19 but the delay in the implementation was brought by...
Private company workers who do not fall under minimum wage earners category may or may not directly benefit from the P85 daily wage increase. The term is “may or may not benefit” since the decision on whether or not salary adjustment would also be implemented for non-minimum wage earners...
President Marcos said workers in more regions may soon receive salary increases as regional wage boards continue evaluating the need for wage adjustments following the recently approved P85 daily wage hike in the National Capital Region (NCR). Speaking to reporters in Pulilan, Bulacan, the...
The central bank is grappling with an “unusual” inflation shock following the historic ₱85 daily minimum wage hike in Metro Manila, though a hyper-aggressive policy response is unlikely, according to Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. On the sidelines of a BSP book...
