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Philippine daily wage insufficient to meet family living expenses

MANILA, Philippines — The nationwide daily wage disparity averaged P762 as of March 2024, with the daily minimum wage averaging only P440, the think tank Ibon Foundation said on Wednesday. Data from the Ibon Foundation showed that the wage gap was computed based on the average daily minimum wage and the average family living wage.....»»

Category: newsSource:  inquirerRelated NewsApr 10th, 2024

‘No tax breaks for eco-zone work-from-home firms’

Work-from-home setups of business enterprises in economic zones should no longer get tax incentives under the Corporate Recovery and Tax Incentives for Enterprises Act as the public health emergency status for COVID-19 has already been lifted, Justice Secretary Jesus Crispin Remulla clarified in a legal opinion......»»

Category: newsSource:  philstarRelated NewsJan 23rd, 2024

New finance chief eyes carbon tax

Newly installed Finance Secretary Ralph Recto is pursuing the tax reform proposals of his predecessor, starting with the imposition of a carbon tax in a bid to generate additional revenues and address environmental concerns......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2024

Tax Notes: BIR clarifies tax treatment of interest on borrowings

Tax Notes: BIR clarifies tax treatment of interest on borrowings.....»»

Category: newsSource:  sunstarRelated NewsFeb 25th, 2024

Tax Notes: Online sellers subject to 1% expanded withholding tax

Tax Notes: Online sellers subject to 1% expanded withholding tax.....»»

Category: newsSource:  sunstarRelated NewsJan 13th, 2024

Workers buck wage hike in installments

Stressing the need for a one-time significant wage increase to effectively stimulate the local economy, labor group Federation of Free Workers has rejected the proposal by some legislators and the business sector for an installment-based legislated wage increase......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024

Jerwin reveals weigh-in ordeal

Jerwin Ancajas, who was knocked out by WBA bantamweight champion Takuma Inoue in Tokyo last Saturday, revealed yesterday he was over the 118-pound limit the morning of the weigh-in the day before the fight......»»

Category: sportsSource:  philstarRelated NewsFeb 26th, 2024

Economic worries weigh down PSEi

Share prices continued to correct, finishing in negative territory anew yesterday on concerns over economic growth prospects here and in China......»»

Category: newsSource:  philstarRelated NewsJan 18th, 2024

Business groups oppose P100 wage hike

Business groups oppose P100 wage hike.....»»

Category: newsSource:  sunstarRelated NewsFeb 15th, 2024

Employers back staggered wage hike

The umbrella organization of employers in the country believes it is best to leave decisions on wage increases, which have historically been implemented on a staggered basis, to the regional wage boards......»»

Category: financeSource:  philstarRelated NewsFeb 24th, 2024

Lawmaker proposes gradual 3-year wage hike for private workers

A lawmaker on Wednesday proposed gradually increasing the minimum daily wage for private sector workers by P100 over three years. Manila Rep. Joel Chua believes this approach would be manageable for businesses still recovering from the pandemic. He emphasized the importance of balancing the interests of workers and businesses while implementing the wage hike. A.....»»

Category: newsSource:  inquirerRelated NewsFeb 22nd, 2024

Senate OKs on second reading P100 wage hike

The Senate approved on second reading yesterday a bill seeking a P100 daily minimum wage increase for private sector workers – a Valentine’s gift to minimum wage earners......»»

Category: newsSource:  philstarRelated NewsFeb 15th, 2024

Bill pushing P100 daily wage hike gets Senate nod on 2nd reading

MANILA, Philippines — The Senate on Wednesday approved on second reading a bill pushing for a P100-daily minimum wage hike for private sector workers.  Senate Bill No. 2534 under Committee Report No. 190 was unanimously approved during Wednesday’s plenary session. Senate President Juan Miguel Zubiri said that once the wage hike bill gets the final.....»»

Category: newsSource:  inquirerRelated NewsFeb 15th, 2024

Basic Energy’s chairman steps down due to health concerns

Basic Energy disclosed that its chairman, Ramon Villavicencio, will step down as chairman and vacate his position as a board member effective March 31 due to personal health concerns......»»

Category: sportsSource:  abscbnRelated NewsApr 3rd, 2024

Basic Energy’s chairman steps down due to health concerns

Basic Energy disclosed that its chairman, Ramon Villavicencio, will step down as chairman and vacate his position as a board member effective March 31 due to personal health concerns......»»

Category: sportsSource:  abscbnRelated NewsApr 3rd, 2024

Concerns conveyed to China over cyber activity

Foreign Minister Winston Peters has confirmed New Zealand's concerns about cyber activity have been conveyed directly to the Chinese Government.   "The Prime Minister and Minister Collins have expressed concerns today about malicious cyber activity, attributed to groups sponsored by the Chinese Government, targeting democratic institutions in both New Zealand and the United Ki.....»»

Category: newsSource:  philippinetimesRelated NewsMar 26th, 2024

Business luminaries to weigh in on Cha-cha

It will be the turn of business and corporate executives to share their thoughts on moves in Congress to amend the 1987 Constitution, at the next Senate subcommittee public hearing on the proposal on Monday......»»

Category: newsSource:  philstarRelated NewsFeb 10th, 2024

Tax revenues jump to P3.4 trillion

The country’s tax revenues rose by five percent to hit P3.38 trillion as the government ramped up its tax administration and digitalization program......»»

Category: financeSource:  philstarRelated NewsFeb 8th, 2024

Biden to Host Japan PM Kishida, Philippines President Marcos

WASHINGTON - President Joe Biden will host Japanese Prime Minister Fumio Kishida and Philippines President Ferdinand Marcos Jr. for a White House summit next month amid growing concerns about North Korea's nuclear program, provocative Chinese action in the South China Sea and differences over a Japanese company's plan to buy an iconic American steel company.White House press secretary Karine Jean-Pierre in a sta.....»»

Category: newsSource:  manilanewsRelated NewsMar 21st, 2024

Japanese boxers to add flare in Kumbati 16 slugfest 

CEBU CITY, Philippines — Top-caliber Japanese boxers spice up the undercard bouts of the upcoming “Kumbati 16” fight card of the Omega Sports Promotions on January 26, 2024, at the plush NUSTAR Resort and Casino, here.  The Japanese pugs will be headed by Keita Kurihara, who is on a mission to dethrone the reigning Oriental.....»»

Category: newsSource:  inquirerRelated NewsJan 18th, 2024