THE government is studying granting a wage increase before July, presidential spokesman Ramon Carandang said Friday.
The government will implement a fuel subsidy for public transport in two to three weeks, he said, but scrapping the value-added tax on oil is not an option.
The workers’ group Trade Union Congress of the Philippines petitioned for a 75-peso increase in the minimum wage in Metro Manila on March 7, saying workers needed the adjustment as a result of increasing oil and food prices.
The petition is pending as the wage board is still deciding if a “supervening factor,” like an unusually large increase in the prices of basic commodities, justifies it.
Meanwhile, the central bank said Friday it might review its policy rates if the inflation outlook “becomes more unfavorable,” and if the government approved an increase of more than P25 in the minimum daily wage.
While the central bank allows the peso to help ease inflation pressures, the nation’s main policy tool remains the overnight borrowing rate, according to Deputy Govenor Diwa Guinigundo. The remittances from overseas had been boosting the peso, and “that helps us manage inflation,” he said. Bloomberg
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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