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
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
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
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
June 6: Migrant Workers Day
June 19: Filipino Youth Day
June 25: Day of the Filipino Seafarer
