Firms’ first half results to determine wage hikes

MANILA, Philippines – The government is considering a moratorium on minimum wage increases this year but will wait to see how businesses perform in the first half before endorsing the move.

“We want to see what the economic situation is around July before we say that the annual wage increase can push through,” Labor Secretary Marianito D. Roque yesterday said.
Wage setting in the Philippines is done via regional tripartite boards which by law can order adjustments — on their own volition or based on petitions — once per year, except in case of mitigating circumstances.

Read more..

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>