HONG KONG — Oil prices surged and Asian shares were lower Friday after Israel struck Iranian nuclear and military targets in an attack that raised the risk of all-out war between them. U.S. benchmark crude oil rose by $3.93, or 5.8 percent, to $71.97 per barrel. Brent crude, the international...
Senators hit back at accusations made by House of Representatives Spokesperson Princess Abante, claiming the Senate “killed” the proposed P200 daily minimum wage hike, saying it was the lower chamber’s delays and last-minute actions that doomed the measure. Senator Joel Villanueva, chair of...
Malacañang rejected accusations that President Marcos is obstructing the P200 legislated wage hike currently pending in Congress, saying he respects the ongoing deliberations and supports what is best for Filipino workers. Communications Undersecretary Claire Castro said this after Kabataan...
Motorists will need to brace themselves for another week of fuel price hikes. Based on the four-day trading in the Mean of Platts Singapore (MOPS), gasoline is expected to increase by around ₱0.90 to ₱1.4 per liter, while diesel is anticipated to rise by around ₱1 to ₱1.4 per liter....
Raising the minimum wage by ₱200 would have “dangerous repercussions,” including hurting the Philippine economy, small business owners, and driving a spike in consumer price hikes, according to the Marcos administration’s economic managers. This comes as the public has intensified their...
The Management Association of the Philippines (MAP) is urging the government to focus on reducing high costs across commodities and services to alleviate the burden on minimum-wage-earning Filipino workers and their families. MAP, comprising the country’s leading business executives, stated that...
Senator Joel Villanueva on Monday, June 9 questioned the House of Representative’s perceived lack of sincerity to pass the measure increasing the daily minimum wage of workers in the private sector, complaining that the Senate has yet to receive the formal copy of the House version of the bill....
Fuel prices are set to increase ahead of the celebration of Philippine Independence Day on June 12. Effective Tuesday, June 10, gasoline prices will inch up by ₱0.60 per liter, while diesel will go up by ₱0.95 per liter. Kerosene is also set to climb by ₱0.30 per liter. Shell Pilipinas,...
The country’s leading organizations of business executives and employers are voicing their concerns with the proposed ₱200 daily minimum wage increase, citing potential impact on investment, inflation, and small businesses. The House of Representatives approved the bill proposing an...
Motorists may need to tighten their belts as fuel prices are set to increase next week. Based on the four-day trading Mean of Platts Singapore (MOPS), gasoline is expected to rise somewhere between ₱0.15 and ₱0.60 per liter, while diesel is expected to jump to around ₱0.50 to ₱0.90 per...
Several senators expressed mixed reactions to the House of Representatives ' approval on third and final reading of a bill mandating a ₱200 daily minimum wage increase, with lawmakers calling for a bicameral conference to reconcile the differences with the Senate 's earlier version,...
The Philippine Chamber of Commerce and Industry (PCCI) is warning lawmakers about the severe ramifications of the lower chamber-approved ₱200 daily minimum wage hike, calling out its impact on the economy and job security. PCCI issued the statement following the House of Representatives’...
