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...
Filipino households face an imminent double whammy of rising energy costs as pump prices surge and power bills threaten to escalate further due to global supply disruptions. Fuel retailers are scheduled to implement steep price increases effective Tuesday, July 21. Diesel prices will jump by...
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...
Motorists are bracing for another steep increase in oil prices next week due to intensifying geopolitical conflict in the Middle East and tightening global supply of refined oil products. Based on the four-day trading average of the Mean of Platts Singapore (MOPS) and foreign exchange rates, local...
Sharp escalation of geopolitical friction in the Middle East is threatening to hit Filipino consumers at the pump next week, with early market indicators pointing to a return of double-digit fuel price hikes. Based on the three-day trading Mean of Platts Singapore (MOPS) — the regional benchmark...
The Marcos administration is studying possible public transport fare adjustments and additional assistance for affected sectors amid rising fuel prices amid renewed tensions in the Middle East, Malacañang said Wednesday, July 15. Presidential Communications Office (PCO) Undersecretary Claire...
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...
The Department of Energy (DOE) plans to replace its weekly fuel price guidance with a single, fixed price parameter to govern the next round of oil company pump price adjustments. This week, the DOE is setting the final range of fuel price adjustments, which will take effect on Tuesday, July 14....
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...
Brace yourselves for a steep increase in fuel expenses next week as the squeeze on global middle distillate inventories and renewed geopolitical tensions in the Middle East threaten to push domestic diesel prices up by nearly ₱5 per liter. Based on the full-week trading averages of the Mean of...
Consumers are facing a dual energy price shock this month as upward adjustments in generation charges and escalating geopolitical tensions in the Middle East drive up both household electricity rates and retail pump prices. Manila Electric Co. (Meralco), the country’s largest power distributor,...
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...
