Recognizing that the ongoing tensions between Israel and Iran would eventually hit oil prices, President Marcos said fuel subsidies will be given to those who will be heavily affected. The government, Marcos said, will replicate what it did during the Covid-19 pandemic, where fuel subsidies were...
Motorists will need to tighten their belts once more as fuel prices are set to increase this week. Effective Tuesday, June 17, gasoline and diesel prices will both inch up by ₱1.80 per liter, while kerosene will go up by ₱1.50 per liter. These adjustments have been announced by Shell Pilipinas,...
Minimum wage adjustments remain possible through ongoing assessments by regional wage boards, even after Congress adjourned without passing the proposed legislated increase, the Department of Labor and Employment (DOLE) said. DOLE Undersecretary Benjo Benavidez said the Regional Tripartite Wage...
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...
