Diesel prices are rising again in early July, nearly erasing the massive rollback enjoyed by motorists weeks before the end of June. Effective Tuesday, July 7, diesel prices will rise by ₱1.57 to ₱3.57 per liter, while kerosene prices will increase by ₱1.70 to ₱3.70 per liter. Although...
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...
Not all pro-workers groups in the House of Representatives saw the Department of Labor and Employment (DOLE) announcement of a P85 daily minimum wage increase for private sector workers in Metro Manila as a negative. Trabaho Party-list, represented by Cong. Johanne Bautista in the 20th Congress,...
Diesel prices are poised to rise by over a peso next week as Middle East outflows remain volatile. Based on Mean of Platts Singapore’s (MOPS) full-week trading, diesel prices could rise by ₱1.15 to ₱3.15 per liter, while gasoline prices could either ease by ₱1.70 or inch up by ₱0.30 per...
The Philippine Chamber of Commerce and Industry (PCCI) warned that the newly mandated ₱85 daily minimum wage hike could exacerbate inflation and force businesses to accelerate automation, calling for government intervention to lower the cost of living instead of relying solely on wage...
Cavite 1st district Rep. Jolo Revilla is prodding regional wage boards to announce their own wage hikes, following the Department of Labor and Employment 's (DOLE) announcement of a P85 increase for minimum wage earners in Metro Manila. In a statement Wednesday, July 1, Revilla reckoned that...
Malacañang said the announcement of a P85 increase in the daily minimum wage was not connected to the staging of a surprise rally by members of the Iglesia Ni Cristo (INC) along EDSA. Palace Press Officer and Communications Undersecretary Claire Castro said there is no link between the two,...
The Trade Union Congress of the Philippines (TUCP) Party-list rebuked Department of Labor and Employment (DOLE) Secretary Francisco "Tol" Tolentino on Tuesday, June 30 for describing as "historic" the P85 minimum wage increase for Metro Manila workers. According to TUCP, calling the increase as...
Looming price hike in gasoline will pinch drivers next week, though diesel motorists will see some relief from an expected price rollback. Based on the first four days of regional commodity trading, retail diesel prices are projected to drop by ₱3.5 to ₱4 per liter next week, according to...
ILOILO CITY – A group of hospital workers has filed a petition for a wage increase in Western Visayas region following the rejection of the petition of another organization. The Regional Tripartite Wages and Productivity Board-6 under the Department of Labor and Employment-6 announced that a...
Despite signs that oil prices were returning to pre-conflict levels last week, motorists may need to ease off the gas pedal again due to another round of price hikes. Seaoil Philippines Inc. announced on Monday, June 8, that diesel prices will increase by ₱5.77 per liter this week, while gasoline...
Renewed friction in the Middle East is set to hit transport networks next week with the projected spike in diesel prices, even as localized inventory buffers hand gasoline users the second straight weekly rollback. Based on the four-day average of the Mean of Platts Singapore (MOPS), the regional...
