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Philippines Sets Record Pay Hike for Manila Workers on Inflation

Philippines Sets Record Pay Hike for Manila Workers on Inflation
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Philippines Sets Record Pay Hike for Manila Workers on Inflation Workers in the Philippine capital will see their wages rise by a record 12%, with implementation set to start this month, Labor Secretary Francis Tolentino said on Tuesday. Over 1.1 million minimum wage earners in Metro Manila will receive pay increase of 85 ($1.4) pesos a day, the “largest single wage adjustment ever granted in the capital region,” according to the labor department.

Philippines Sets Record Pay Hike for Manila Workers on Inflation Workers in the Philippine capital will see their wages rise by a record 12%, with implementation set to start this month, Labor Secretary Francis Tolentino said on Tuesday. Over 1.1 million minimum wage earners in Metro Manila will receive pay increase of 85 ($1.4) pesos a day, the “largest single wage adjustment ever granted in the capital region,” according to the labor department.
Philippines (LOCATION) Philippine (ORG) Labor (ORG) Francis Tolentino (PERSON) Metro Manila (LOCATION) the labor department (ORG)
Originally published by Bloomberg Markets Read original →