Minimum wage income exist Metro Manila got it P50 Daily wage increases – HighEst NA once paid interest rate hikeInternational wages and productionViolence Committee- Begin On July 18, the Labor Department said on Monday.
The Ministry of Labor and Employment (DOLE) said in a statement that the salary increase will benefit approximately 1.2 million workers in the Philippines’ capital and nearby cities and provinces.
The new daily minimum wage for the National Capital Region (NCR) is expected to increase from P645 in the non-agricultural sector to P695.
For workers in the agricultural sector, as well as service and retail institutions that employ 15 workers, daily wages will be increased from P608 to P658.
Workers in manufacturing institutions that employ less than 10 workers will also receive a daily salary of P658.
Doer said the salary per day is equivalent to a monthly increase of P1,100 for five days of working week, or P1,300 for six days of working week.
This will take effect on July 18, after a year after the last daily pay increase was implemented on July 17, 2024.
Dole added that the NCR Wage Commission took into account the country’s latest gross domestic product (GDP), inflation and unemployment rates when approving wage increases.
In the first quarter, GDP grew by more than expected by 5.4%, a sharp decline from the 5.9% expansion rate a year ago, but grew faster than 5.3% in the fourth quarter.
Inflation averaged 1.9% between January and May, slightly below the central bank’s target range of 2-4%.
The unemployment rate averaged 4% between January and April, without changing compared to the same period in 2024.
The commander said about 1.7 million full-time wages and wages above the minimum wage “can also be indirectly benefited by wage distortion correction corrections.
It added that no more than 10 workers and businesses affected by natural disasters or disasters can apply for an exemption of wage increases.
On the other hand, NCR’s Barangay Micro Business Enterprises does not include the latest payroll orders.
“The issuance of new wage orders is in line with the standing directive of President Ferdinand R. Marcos (Jr.) and the regional minimum wage rate is reviewed regularly in a timely manner to reduce uncertainty, enhance equity for all stakeholders, and promote a strong link between productivity and wages,” Bienvenido E. Laguema Laguema Laguema Laguema Laguema segenvenido E.
Mr Laguesma said Dole will conduct an information campaign to ensure public awareness and closely monitor business compliance.
The NCR Payroll Commission is the first person to issue a payroll order this year. Public consultation on new pay orders for Areas I, II, III, IV-A and VII will take place between July and August.
Seeking comments, Sergio Ortiz-Luis, President of the Philippines (ECOP). It said micro-enterprises and small businesses in the capital region may have difficulty implementing wage increases.
“Most of the employees (in NCR) are from micro-enterprises. Micro-institutions will have a hard time doing this. At the current rate, they will have a hard time paying when it comes to payments, especially during the 13-year period during Christmas.Th Monthly salary,” Mr Ortiz-Luis said on the phone.
George T., chairman of the Philippine Chamber of Commerce (PCCI), George T.
“The cost of doing business will be higher, it will be transferred to consumers. For businesses (being affected by) weak markets, their profits will be lower, and for companies already facing DIFf“Ice can cause more damage,” Barcelone said in Viber’s message.
PCCI President Enunina V. Mangio said local businesses will comply, but ways must be found to mitigate the impact of approved minimum wage polyps.
Leonardo A, professor of economics at the University of Manila Jr.
“However, the total demand is increased due to total supply, which can lead to inflation. Inflation may be low now, but any upward pressure will have a spiraling impact on wages and prices,” Mr Lanzona said through Messenger Chat.
He said any increase in wages should motivate workers to increase productivity.
“The government should require companies to create mechanisms to share income or savings with workers in the form of bonuses, benefits increase and productivity payments. In fact, wages can only increase if workers contribute to productivity,” Lanzona said.
Benjamin B. Velasco, assistant professor at UP Diliman School of Labor and Labor Relations, said the wage hiking order would be a Workers’ “Welcome Relief”.
“This will push employers to pay the following minimum fees to add something to the wages they pay. Workers who receive the above minimum wage distortion can submit the wage distortion,” he said via Facebook chat.
Jose Sonny G, president of the Federation of Free Workers, Jose Sonny G.
Congress adjourned last month but failed to approve the bill, requiring a minimum daily wage increase of P100-P200. The economic manager warned that the proposed legislative rate hike could have a “dangerous impact” on the Philippines’ economy.
“Estimates suggest that the full-board wage rate hike will put a significant downward pressure on GDP, namely the 1.6 PPT (percentage point) of the P200 hike and a 0.5 ppt hike on the P100. Both are expected to lead to the economy missing the low end of the GDP growth target range,” the economic manager said last month. – Adrian H. Halili
