The Senate Committee on Labor, Employment and Human Resources on Wednesday approved “in principle” a bill which seeks to increase the minimum wage by P150 for the entire country, Senate President Juan Miguel Zubiri said.
The research arm of the Fitch Group has raised its 2023 budget deficit forecast for the Philippines to 6.4 percent of gross domestic product, from an earlier estimate of 6.1 percent, on the back of slower economic growth. In a commentary,Fitch Solutions Country Risk & Industry Research said the Philippines remains on the path of fiscal consolidation over the medium term, but at a more gradual pace.
Procter & Gamble (P&G) Philippines inaugurated its diaper manufacturing line in Cabuyao, Laguna on Thursday which is expected to link the country to the global value chain for manufacturing across Asia. Trade Secretary Alfredo E. Pascual said the company spent P864 million on the new manufacturing line. He said the…
The House Committee on Ways and Means has begun to review the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) and other related tax laws.
Senior Deputy Speaker Gloria Macapagal-Arroyo (left, standing)
This, after the panel chaired by Albay 2nd district Rep. Joey Salceda