MANILA, Philippines—The increase in minimum wages in five regions outside Metro Manila and the strong inflow of foreign capital are expected to exert upward pressure in consumer prices in the coming months, Socioeconomic Planning Secretary Cayetano W. Paderanga Jr. said.
Paderanga said the wage hikes in Western Visayas, Northern Mindanao, Caraga, and Davao would directly affect inflation, which was recorded at an 11-month low of 2.8 percent year on year in October.
Regional boards set the wage hikes at P15 for Western Visayas, raising minimum daily earnings to a range of P223-P265; P13 for Northern Mindanao workers (P229-P256); P10 for Caraga (P213-P243); and P21 for Davao (P255-P265).
Average inflation in the 10 months to October was set at 4 percent, well within the government’s full-year target range of 3.5 percent to 5.5 percent.
Also, strong capital inflows are beginning to affect inflation in Southeast Asia. But central banks across the region have already started to take action to curb the impact.
“In the Philippines, the Bangko Sentral ng Pilipinas has approved policy amendments … [which will] keep the foreign exchange regulatory framework responsive to current conditions, ensuring the competitiveness of the Philippine peso,” he explained.—Ronnel W. Domingo, Philippine Daily Inquirer
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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