The country’s regional wage boards are thoroughly studying and assessing proposals seeking salary increases for private sector workers, the Department of Labor and Employment (DOLE) said Wednesday. READ:
The country’s regional wage boards are thoroughly studying and assessing proposals seeking salary increases for private sector workers, the Department of Labor and Employment said Wednesday.
Laguesma said the NCR wage board has already conducted an initial hearing last week and “will continue to roll out the process.”“We know that many are getting impatient of the process. But we cannot just rush this,” Laguesma said.
“With prices so high for so long, every firm has been granted a clear-cut reason to hike prices themselves, leading to the price spiral. Still-bogged-down supply chains have not helped, as we’ve witnessed shortages for items such as sugar all the way to onions,” Mapa said. Inflation in November 2022 has accelerated to a 14-year high of 8 percent from 7.7 percent a month ago, due to faster increases in the prices of food and non-alcoholic beverages.
“I’m very sure that the peak [of inflation] will be in December,” Medalla said, although he refused to give a specific number. But he said inflation might slightly pick up from the 8 percent in November 2022.Medalla also did not rule out the possibility of more rate hikes early next year.The Monetary Board raised the benchmark interest rate in the middle of this month by 50 basis points to a more than 14-year high of 5.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taliban release two Americans detained in Afghanistan – State DepartmentAfghanistan’s ruling Taliban released two American nationals in what appeared to be a goodwill gesture, said State Department spokesperson Ned Price, who indicated that the militants were holding other U.S. citizens. | Reuters
Read more »
DOLE’s ’23 focus: Help for micro enterprises - BusinessMirrorBOOSTING support for micro enterprises and expanding skills training initiatives will be the focus of the government’s pandemic recovery roadmap which will start next year, according to the Department of Labor and Employment (DOLE). The measures include focusing on the skills needs of 10 key employment generating sectors and the release of updated implementing rules
Read more »
DOH cites higher COVID-19 vaccination rate, CDC bill as 2022 achievementsThe Department of Health (DOH) on Tuesday cited the higher COVID-19 vaccination rate and the passage of the Centers for Disease Control (CDC) bill on final reading in the House of Representatives as among the department’s accomplishments this year.
Read more »
House minority seeks probe on US-funded biolabs - BusinessWorld OnlineTHE HOUSE minority bloc has called for an investigation on United States-funded biolaboratories of the agricultural department to ensure that these are not being used to advance geopolitical objectives. Three lawmakers filed on Tuesday House Joint Resolution No. 16, calling for an investigation on foreign-funded biolaboratories of the Department of Agriculture (DA), including an animal-disease […]
Read more »
SM Supermalls supports DOT, DMW travel incentive program for Pinoys - BusinessMirrorSM Supermalls conveyed its message of support to the Department of Tourism (DOT) and Department of Migrant Workers (DMW) during the launch of ‘Bisita, Be My Guest’ (BBMG) program, yesterday, December 15, 2022, at the SM Mall of Asia Music Hall. The BBGM program is an incentivized promotional campaign that entitles Filipinos, especially the OFWs,
Read more »
DTI inks 3 accords to boost food security and logistics efficiency - BusinessMirrorThe Department of Trade and Industry (DTI) said it has signed three agreements with government agencies aimed at enhancing food security and logistics efficiency in the country, among others. In a news statement issued on Tuesday, the trade department said DTI Secretary Alfredo E. Pascual, through his representative, and DPWH Secretary Manuel Bonoan inked a
Read more »