Trending Now
Paul Heyne: The Ethicist Who Thought Like an...
China’s Strengths Are Over-Exaggerated
Preparing for War
I Shot the Tariff (But I Swear It...
Getting It Half-Baked: The Real Cause of Cannabis...
GOP Cuts and State Budgets
How to Eliminate Waste, Fraud, and Abuse in...
Deportations to Add Almost $1 Trillion in Costs...
When the President Bit: From the Shark House...
Energy Holodomor
  • About Us
  • Contacts
  • Email Whitelisting
  • Privacy Policy
  • Terms and Conditions
DailyProfitTips.com
  • Editor’s Pick
  • Economy
  • Investing
  • Politics
  • World News
EconomyEditor's Pick

PHL wages now highest in region, employers say

by May 26, 2025
May 26, 2025

THE Employers Confederation of the Philippines (ECoP) said large wage hikes are no longer workable now that the Philippines has the highest minimum wages in Southeast Asia.

“We are the highest now in ASEAN because of these yearly increases,” according to ECoP President Sergio Ortiz-Luis, Jr., referring to the practice of annual wage fixing by region, which started with the Wage Rationalization Act of 1989 (Republic Act 6727).

Mr. Ortiz-Luis made the remarks days before the employers are to participate in a May 28 wage consultation organized by the Regional Tripartite Wages and Productivity Board (RTWPB) of the National Capital Region (NCR).

Wage hike bills are pending in Congress, with the Senate approving a bill for a P100 daily wage increase in the private sector and the House of Representatives endorsing a P200 across-the-board daily wage increase.

According to Mr. Ortiz-Luis, a legislated wage hike’s benefits are limited, as minimum wage earners account for only 10% of the workforce.

He said that when a P120 wage hike was proposed years ago, the Philippines still had the lowest minimum wage in the region.

“The situation is different now,” he added, speaking on the sidelines of the Philippine Institute for Development Studies forum on Monday.

ECoP said it supports the current regional wage-setting process, as the boards are best-placed to determine appropriate pay settings for a given region.

“It should be based on the inflation study and the economic situation,” he said, referring to the RTWPBs. “There are formulas that they use, a standard they are using. So they should just follow the tripartite (boards) because they are the ones who know it,” he added.

Asked if the ECoP has come up with a position ahead of the consultation, he said, “We will be there without anything in mind.”

RA 6727 gives the RTWPBs the power to determine minimum wages in their jurisdictions, subject to the guidelines issued by the National Wages and Productivity Commission.

The RTWPBs can only adjust minimum wage rates after the anniversary of their previous wage order.

Last year, the RTWPB-NCR issued Wage Order No. NCR-25, which approved a P35 wage increase. — Justine Irish D. Tabile

previous post
PCC clears Dubai Aerospace acquisition of Nordic Aviation
next post
Exporters worried about strong peso

Related Posts

I Shot the Tariff (But I Swear It...

June 6, 2025

Getting It Half-Baked: The Real Cause of Cannabis...

June 6, 2025

GOP Cuts and State Budgets

June 6, 2025

How to Eliminate Waste, Fraud, and Abuse in...

June 6, 2025

Deportations to Add Almost $1 Trillion in Costs...

June 6, 2025

When the President Bit: From the Shark House...

June 6, 2025

Friday Feature: Incubate Debate

June 6, 2025

Universities in Libertarian Land

June 6, 2025

Harmony Squad: Supreme Court Issues Six Unanimous Decisions

June 5, 2025

Disabling Trump’s “Tariff Button”

June 5, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • About Us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2025 DailyProfitTips.com All Rights Reserved.

    DailyProfitTips.com
    • Editor’s Pick
    • Economy
    • Investing
    • Politics
    • World News