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MANILA, Philippines — A Senate bill seeking a P100 increase in the daily minimum wage for private sector workers nationwide is facing opposition from employers who say this will hurt micro and small businesses and dampen investors’ appetite.
Senator Christopher "Bong" Go co-sponsored Senate Bill (SB) No. 2534 on Wednesday, February 7, aimed at increasing the daily minimum wage for private sector employees by PhP100. Go is also one of the co-authors of the proposed measure.
THE Department of Labor and Employment (DoLE) on Friday said that the recent minimum wage increase would not affect key macroeconomic outcomes, including inflation, unemployment and gross domestic product.
MONETARY authorities are unlikely to further tighten policy as key interest rates are high enough, Finance Secretary Ralph Recto said on Thursday.
MANILA, Philippines — The United States Department of Agriculture (USDA) projected an increase of 100,00 metric tons (MT) of rice to be imported by the Philippines.
Agriculture Secretary Francisco P. Tiu Laurel, Jr. assured the public Thursday that the country’s rice supply is sufficient through the first half of this year, with recent imports and the upcoming harvest that peaks in March and April, ensuring stable price of the country’s main food staple through June in spite of El Nino.
MANILA, Philippines — Speaker Martin Romualdez yesterday expressed his gratitude to the Filipino people for the high trust and performance ratings he received, as shown in a recent survey conducted by the OCTA Research group.
MANILA, Philippines — President Marcos has vowed to continue mitigating the impact of higher commodity prices on Filipino households as he welcomed the inflation downtrend recorded last month.