5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Senate bill seeks P250 wage hike for private workers

by
July 3, 2025
in Stock
0
Senate bill seeks P250 wage hike for private workers
PHILIPPINE STAR/ANDY ZAPATA JR.

A PHILIPPINE senator on Wednesday filed a bill for a P250 across-the-board pay increase for private sector workers, in a push to revive the wage hike lobby that failed in the previous Congress.

The pay hike could “bridge the gap in the decreasing purchase value of the take-home pay of workers and the rising cost of living,” Senator Joseph Victor “JV” G. Ejercito said in the explanatory note of Senate Bill No. 6.

He said a P50 hike approved for workers in Metro Manila for July is commendable but falls short of most Filipinos’ financial needs.

His proposed pay hike will also cover contractual or subcontractual workers, and workers in agricultural and nonagricultural fields.

The measure imposes a penalty of up to P100,000 or imprisonment on company executives that violate it.

“Across the Philippines, the daily minimum wage of workers falls short of their financial needs,” Mr. Ejercito said. “It cannot cover their expenses for rent, electricity, transportation, healthcare, education for their children and perhaps, most importantly, food.”

He also said war in the Middle East has led to rising oil prices, causing a “domino effect” on the prices of basic goods.

“Consequently, the take-home pay of a worker becomes smaller and its purchasing value less,” he said. “When the purchase value of a salary decreases, this would mean that workers are being asked to do more than what they are being paid for.”

On Monday, several other senators filed separate bills seeking a wage increase for private sector workers.

Senator Ana Theresia N. Hontiveros-Baraquel’s bill seeks a P200 wage hike, similar to the version approved by the House of Representatives in the 19th Congress.

Senator Robinhood “Robin” C. Padilla sought a P150 pay hike, while Senator Christopher Lawrence “Bong” T. Go proposed a P100 across-the-board pay rise, similar to the Senate’s version.

Last month, several labor groups called on Congress to pass a legislated wage increase for all workers in the country.

Lawmakers adjourned last month without meeting to reconcile disagreeing provisions of their bills at a bicameral conference committee after economic managers warned that the measure would have “dangerous repercussions” on the Philippine economy. — Adrian H. Halili

Previous Post

EU poll observers call for reforms in PHL elections

Next Post

Marcos on final stretch of reform push, may woo voters to back successor

Next Post
Marcos on final stretch of reform push, may woo voters to back successor

Marcos on final stretch of reform push, may woo voters to back successor

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    BSP sees room for 2 more rate cuts

    BSP sees room for 2 more rate cuts

    July 3, 2025
    Finance department eyes tax on online gaming

    Finance department eyes tax on online gaming

    July 3, 2025
    National Government debt jumps to P16.92 trillion

    National Government debt jumps to P16.92 trillion

    July 3, 2025
    Filipino traders ride crypto hype despite volatility

    Filipino traders ride crypto hype despite volatility

    July 3, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.