Minimum Wage and Salary

But Palace won’t certify minimum wage hike bill MANILA, Philippines—While overall inflation apparently settled at 4.3 percent in March, Labor Secretary Rosalinda Baldoz said the country’s workers still needed relief because the crisis in the Middle East would be expected to continue.

MANILA, Philippines –  Wage boards nationwide are convening within the week to determine if there is a supervening condition that may be considered in granting a salary increase to minimum wage earners.

WORKERS should not count on an announcement of an increase in daily minimum wages this May 1, as the procedure prescribed for reaching this decision leaves very little time to do so by that date, an official of the agency overseeing the process hinted in an interview yesterday.

TRADE Secretary Gregory L. Domingo was quoted as expressing a willingness to persuade employers to agree to a “reasonable” wage increase following the petition of the Trade Union Congress of the Philippines (TUCP) for 75 pesos across-the-board wage increase with the National Wage and Productivity Commission (NWPC). Speaking for the Employers Confederation of the Philippines…

THE government is studying granting a wage increase before July, presidential spokesman Ramon Carandang said Friday.

MONETARY authorities are ready to undertake another round of tightening in key policy rates if the minimum wage increases will go beyond what have been assumed in their forecast, according to the Bangko Sentral ng Pilipinas (BSP).

MINIMUM WAGE hikes exceeding P25 per day could prompt monetary authorities to raise policy rates, a Bangko Sentral ng Pilipinas (BSP) official said on Thursday.

TO lessen the burden of rising inflation on consumers, the Department of Trade and Industry (DTI) said that it would urge employers to hike wages, albeit minimally.

MANILA, Philippines — The Trade Union Congress of the Philippine (TUCP) has renewed its call for a wage hike amid the ongoing increases in the prices of fuel prices and basic commodities.

There is a saying that whenever the government needs money, all it does is increase the volume of money in circulation to trigger inflation, and people seldom know that an increase in the prices of almost everything they purchase would correspondingly increase the amount of taxes they pay. In fact, some say that government-induced inflation…

ILOILO CITY, Philippines—Workers in Western Visayas are seeking a P97 increase in the minimum daily wage amid the sharp increase in prices of oil products.

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PHILIPPINE CORPORATE salaries are expected to increase by an estimated 7% this year on the back of a slow but steady economic growth, an international human capital consulting firm said.

MANILA, Philippines –  The Northern Mindanao wage board has issued a supplemental wage order raising the minimum wage rates of sugar workers in the region by at least P4 to as high as P500, the Labor Secretary Rosalinda Baldoz said yesterday.

THE National Wages and Productivity Commission meets next week to review a petition for a 75-peso increase in the minimum daily wage in Metro Manila amid the rising prices of fuel, electricity, and basic goods and services, Labor Secretary Rosalinda Baldoz said Wednesday.

One of the most debilitating effects of minimum wage is that it automatically limits the right of employers to make adjustments on the wage of their employees based on the most important consideration of knowing their individual performance. This is most apparent in companies whose profit is barely marginal. Instead of using wage as an…

MANILA, Philippines – The Trade Union Congress of the Philippines (TUCP), the country’s largest labor group, filed a petition before the Regional Triparite Wages and Productivity Board (RTWPB) in the National Capital Region yesterday asking for a P75 across-theboard increase in the daily pay of all workers in the NCR.

CEBU, Philippines – The Trade Union Congress of the Philippines (TUCP) will file a petition before the Regional Tripartite Wage and Productivity Board tomorrow for a P100 across-the-board wage increase in the Visayas.

MANILA, Philippines – Labor group Trade Union Congress of the Philippines (TUCP) has filed for a P75 across-the-board wage increase in Metro Manila, citing the string of increases in oil and food prices as well as utility rates and fares.

MANILA, Philippines – The business community cautioned Congress yesterday against the “disastrous” effects of granting a legislated wage increase for all workers nationwide.

A buyer’s market is a situation where there appears a bountiful supply of the commodity, and as a result the price tends to become lower. When economists however start using that term, they are not referring to all the commodities in the market to acknowledge the indefeasibility of the law of supply and demand, but…

A P1.00 FARE increase or P7.50 fare for passenger jeepneys may not be much, but for 52-year-old carpenter Esmer Pinas, it means more walking and less riding.

NEGROS Occidental Governor Alfredo Marañon Jr. asked employers to give a corresponding salary increase to their employees, in view of the P1 fare hike that takes effect Wednesday.

THE Philippines’ minimum wage is likely to contract as a result of the government’s new way of measuring poverty, according to the National Statistical Coordination Board (NSCB).

How we can fix our wage system reflects how well we understand our economics. To begin with, wage is conditional to employment, and often is calculated to balance the term “living wage” from the profit to assure the capitalists of their investment.

Many worry that should wage be deregulated, the income of our workers will drastically dip. That is half the truth because the other half and the real truth is it will create more employment. Our failure to realize this can be traced to the fact that we do not know that economics is all about…

THE Department of Labor and Employment (DOLE) on Friday stressed that increases in the prices of basic commodities and services have no impact yet on real minimum wages. This was the statement issued by Labor Secretary Rosalinda Baldoz.

Hungry workers are angry workers. On this note, a labor confederation on Friday warned the government against summarily dismissing petitions for a wage increase amid rising costs of living.

A major labor confederation said Thursday it will file a petition next week calling for an increase in Metro Manila workers’ wages, amid recent and impending hikes in prices of basic goods and services.

MANILA, Philippines –  Workers in Metro Manila are seeking a P55 hike in their daily take-home pay to help them cope with the impending increase in fare rates and the corresponding rise in prices of essential commodities, a labor group said yesterday.