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17 hours ago · It could increase the unemployment rate. But again, it’s a very negligible number and it could impact something like 40,000 to 140,000, depending on the region. But still again, not as big as one would expect if those rate adjustments were much higher,'' he added. Balisacan said the wage adjustment would not constrain the Philippine economy.
17 hours ago · Share. (File photo) MANILA – The PHP35 increase in the daily minimum wage of workers in the National Capital Region (NCR) would neither constrain the Philippine economy nor greatly affect employment numbers, the National Economic Development Authority (NEDA) said Tuesday. In a Palace press briefing, NEDA Secretary Arsenio Balisacan said the ...
Jul 10, 2024 · This represents 91.8 percent of the national budget allocated for the year. This is also higher than the 89.9 percent recorded in end-June 2023. Based on data, the DBM released a total of P3.73 ...
Jul 10, 2024 · But more jobs expected with rising economy—NEDA. As much as 140,000 workers may be negatively affected by the P35 daily minimum wage hike in Metro Manila that will take effect on July 17. National Economic and Development Authority Secretary Arsenio Balisacan, however, said the the impact on the economy is “very negligible.”.
17 hours ago · It would be prudent to also notify managers on FLSA basics and the new requirements as well as a refresher on meal and rest breaks, overtime approval policies, etc. Your payroll department will also need to understand the effect of reclassification on an employee's paycheck, particularly how to calculate the regular rate of pay and overtime hours for employees converted from salaried to hourly.
6 hours ago · At least 27 people, including 19 police and other government personnel, were injured when a large pile of confiscated illegal fireworks exploded in a powerful blast in the southern Philippines ...
17 hours ago · The workers also secured wage increases of 27 percent over the lifetime of the agreement, including pay rates that will reach $40 per hour for warehouse staff and $200,000 annually for drivers.
