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For the PSE, earnings season is starting to heat up as financial condition reports trickle in and the FY23 teasers keep coming to manage our expectations. We get February inflation data from the Philippine Statistics Authority tomorrow morning, and that should pair well with the macroeconomic data that we’ll get from the US on Friday morning about initial jobless claims.
HONG KONG, China — Asian markets were largely higher on Friday following Wall Street gains driven by tech rallies and key US inflation data that met investors' expectations.
MANILA, Philippines — The House committee on labor and employment is eyeing government subsidies for minimum wage earners, if only to offset inflation and its negative impact on their living conditions.
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects that the inflation rate for February 2024 in the country will fall within the range of 2.8% to 3.6%.
MANILA, Philippines — The House committee on labor and employment will start tomorrow deliberations on various bills proposing wage adjustments amid the high inflation rate in the country.
MANILA, Philippines — The proposed legislation for a P100 wage increase for private workers could shave up to 0.5 percentage point off the country’s economic growth and reverse gains made in lowering inflation and unemployment numbers, according to the National Economic and Development Authority (NEDA).
MANILA, Philippines — The Department of Trade and Industry will raise the monthly discount cap on groceries and prime commodities for senior citizens and persons with disabilities (PWD) to P500 starting March, House Speaker Martin Romualdez said on Wednesday.
MANILA, Philippines — Creating more jobs is a better way to improve lives than the proposed P350 minimum wage increase by the House of Representatives, according to Go Negosyo founder and Private Sector Advisory Council (PSAC) Jobs Lead Joey Concepcion.