SENATOR RAFAEL “Raffy” T. Tulfo has filed a resolution calling for a review of existing policies on adjusting minimum wage, citing the need to improve the quality of life of workers, especially those in the low income bracket. “It is the responsibility of the state to ensure that the minimum wage is set at a […]
Tag: minimum
Philippines cedes tax revenue under global minimum tax rules
To expedite the revival of the economy from the pandemic and restore its trajectory towards upper middle-income status, the government has eased restrictions on foreign investment by amending foreign ownership rules for public services and retail. While the Corporate Recovery and Tax Incentives for Enterprises (CREATE) law reduced our regular corporate income tax (CIT) rate […]
Minimum wage rates up in 5 regions
THE MINIMUM daily wage rate in five regions — Cordillera, Cagayan Valley, Central Luzon, Eastern Visayas, and Davao — increased starting this week, the second tranche of adjustments based on wage orders approved last year. In the Cordillera Administrative Region, the minimum wage is P400 effective Jan. 1 for all sectors and provinces, including Baguio […]
How minimum wages compared across regions in November
This infographic compares the current minimum wages set by the country’s Regional Tripartite Wages and Productivity Board and the inflation-adjusted minimum wages as of November, based on latest data by the Philippine Statistics Authority. While the current minimum wages are determined at the regional level to account for factors such as companies’ capacity to pay […]
Union proposes P100 minimum wage hike for Metro Manila
A TRADE UNION has filed a petition seeking a P100 increase in the daily minimum wage in the National Capital Region (NCR) to help workers deal with inflation. The Kapatiran ng mga Unyon at Samahang Manggagawa (Kapatiran) filed its petition on Monday before the NCR wage board. “The minimum wage laborer in NCR is not […]
Tell it to SunStar: National minimum wage needed to address gender pay gap
Women workers continue to face job discrimination and are generally found to be paid less than men. This is one of the compelling reasons why a group of Filipino women workers is urging the Philippine Congress to legislate a national minimum wage and mandate companies to pay its workers the amount reflecting the current cost […]
BSP raises capital requirement for rural banks
THE Bangko Sentral ng Pilipinas has approved an increase to the minimum capitalization of rural banks.The BSP said the move, which is part of the Rural Bank Strengthening Program (RBSP), will enable rural banks to enhance risk management systems, upgrade resources and manage operational costs, meet prudential standards and accelerate digital transformation.The minimum capital level […]
BSP hikes rural banks’ required capital
THE BANGKO SENTRAL ng Pilipinas (BSP) raised the minimum capital requirement for rural banks to at least P50 million, as it seeks to further strengthen the local banking industry. BSP Circular No. 1151 amends the minimum capitalization of rural banks as part of the Rural Bank Strengthening Program (RBSP). “The RBSP was developed to enhance […]
How minimum wages compared across regions in July
This infographic compares the current daily minimum wages set by the country’s Regional Tripartite Wages and Productivity Board and the inflation-adjusted minimum wages as of July based on latest preliminary data by the Philippine Statistics Authority (PSA). While the current minimum wages are determined at the regional level to account for factors such as companies’ […]
Employers urged to comply with new wage rates in Central Visayas
THE Department of Labor and Employment (Dole) has urged all employers to comply with the new minimum wage rates applicable in Central VisayasNew wage rates for private workers (Wage Order No. ROVII-23) and domestic workers (ROVII-D.W.No. 03) in the region became effective on June 14.According to Labor Undersecretary and Dole 7 concurrent regional director Victor […]
Companies to apply for exemptions
THE Regional Tripartite Wages and Productivity Board of Central Visayas (RTWPB 7) on Friday, June 17, 2022 has received an application from a company asking not to implement the P31 increase in minimum daily wage for their employees.Evita Mendoza-Balane, acting RTWPB 7 Board Secretary, said the company which is based in Lapu-Lapu City used the […]
Cabaero: Fare hike as a solution or not
It used to be a series of ups and downs but, lately, it’s all going up. That, dear commuters and vehicle owners, is about fuel prices.One of the responses of the government to this upward movement in diesel, gasoline and kerosene prices was to increase jeepney fare. Although a fare hike might appear to help […]
LTFRB 7 set to hear proposed P2 fare hike for Cebu PUJs next week
THE Land Transportation Franchising and Regulatory Board in Central Visayas (LTFRB 7) is set to conduct a hearing on the proposed P2 provisional minimum fare increase submitted by traditional public utility jeepney (TPUJ) drivers in Cebu next week.If approved, the minimum fare of TPUJs operating in Cebu will increase from P9 to P11.Petitioners of the […]
Nearly 20 firms hope to get exemption from wage hike
CLOSE to 20 companies in Central Visayas have expressed their intention to be exempted from the implementation of the approved P31 per day wage increase that is set to take effect on June 14, 2022.Lawyer Evita Mendoza-Balane, acting board secretary of the Regional Tripartite Wages and Productivity Board (RTWPB) in Central Visayas, confirmed this Tuesday, […]
Activists, militant groups in Cebu City cry for wage increase, abolition of contractualization, protection of women vs. abuse
ACTIVISTS from labor and militant groups have called for an increase in minimum wage in Central Visayas, abolition of labor contractualization that has spawned short-term employment in the country, and the protection of women against sexual abuse in workplaces.Members of the Alyansa sa mga Mamumuo sa Sugbo-Kilusang Mayo Uno (AMA Sugbo-KMU), Gabriela Women’s Party and […]
TUCP slams DOLE, NCR wage board for dismissing wage hike petition
THE Trade Union Congress of the Philippines (TUCP) has denounced the Department of Labor and Employment (DOLE) and the National Capital Region (NCR) Wage Board for allegedly being duplicitous and playing politics in dismissing the original TUCP wage petition that proposes raising the minimum wage to P1,007 per day.“TUCP is outraged and fears that the […]
TUCP files wage hike petition in Caraga
THE Trade Union Congress of the Philippines (TUCP) on Thursday filed a petition seeking a P420 increase in the minimum wage for Caraga region in northeastern Mindanao, bringing daily pay to P745. In its petition before the Regional Tripartite Wages and Productivity Board in Caraga, the TUCP said that the P15 hike approved by the […]
TUCP seeks hike in minimum wage to P834 per day in Central Visayas
THE Trade Union Congress of the Philippines (TUCP) is seeking an increase in the minimum wage in Central Visayas to address social problems such as malnutrition, hunger, poverty and the successive increases in prices of oil products.TUCP president Rep. Raymond Mendoza filed a petition for a P430 increase in the region’s daily minimum wage before […]
Candidates Lacson, De Guzman support review of wage levels
TWO presidential candidates expressed their support for a review of the minimum wage on Thursday, citing the sharp rise in fuel prices and essential goods. Senator Panfilo M. Lacson, Sr. said in a radio interview that the authorities need to explore “whether there is a need to adjust the minimum wage, and by how much.” […]
Expecting a newborn? Filipino parents need P60k for the basics — iPrice
PARENTS in the Philippines will need around P60,000 for baby essentials, according to a 2021 study by Southeast Asian e-commerce meta-search website iPrice Group. One-off purchases included baby car seats, strollers, five toys, cribs, and step stools, which amounted to about P57,800, while items needed on a regular basis such as diapers, wipes, and milk […]