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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

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

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

EDITORIAL – Improving the plight of workers

The government is not expected to announce a nationwide wage increase as Labor Day is marked today. A populist initiative in the Senate to legislate a hefty wage increase nationwide has failed to gain traction at the House of Representatives, amid calls from all business groups to leave wage-setting to the regional tripartite wages and productivity boards – the mechanism provided by law......»»

Category: newsSource:  philstarRelated NewsApr 30th, 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

Laguesma ‘binaril’ P100 wage hike, kinastigo ng Senado

Tinawag na unpopular labor secretary si Bienvenido Laguesma matapos nitong kontrahin ang P100 wage hike bill sa Senado. The post Laguesma ‘binaril’ P100 wage hike, kinastigo ng Senado first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsMay 9th, 2024

BBM kinulit sa P100 wage hike bill

Matapos isnabin ni Pangulong Bongbong Marcos ang P100 wage hike bill ng Senado sa kanyang Labor Day speech noong Miyerkoles, nanawagan naman si Senate President Juan Miguel Zubiri na sertipikahan ang panukala sa dagdag sahod ng mga manggagawa. The post BBM kinulit sa P100 wage hike bill first appeared on Abante......»»

Category: newsSource:  abanteRelated NewsMay 2nd, 2024

Senate rallies behind legislated wage hike; House to proceed with caution

Buoyed by President Ferdinand Marcos Jr.'s order to review the minimum wage rates in all regions, Senate President Juan Miguel Zubiri urged the president to tag as urgent a bill that legislates a P100 minimum wage hike for all private sector workers......»»

Category: newsSource:  philstarRelated NewsMay 2nd, 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

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