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Getting out of the low-wage-low-productivity trap

For the longest time, the Philippines has been caught in a low-wage-low-productivity trap. Our stagnant industrial and agricultural sectors have remained stuck at Industry 2.0/3.0 level while our neighbors in East Asia (China, Japan and South Korea) and in Southeast Asia (Indonesia, Malaysia, Singapore, Thailand and Vietnam) are sprinting forward… ....

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Price movements likely to be affected by inflation landscape

Factors such as the upcoming rise in power tariffs and salaries are expected to pressurise the government’s efforts in bringing inflation under control this year. ....

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Costa Rica Raises Minimum Wage; Reaches Highest Pay Floor in Central America

Costa Rica Raises Minimum Wage; Reaches Highest Pay Floor in Central America
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Council proposes 6% increase in regional minimum wage from July 1

Council proposes 6% increase in regional minimum wage from July 1
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Council proposes 6% increase in regional minimum wage from July 1

According to the proposal, the wage will be lifted to VNĐ4.96 million ($203.42) per month in Region 1; VNĐ4.41 million in Region 2; VNĐ3.86 million in Region 3 and VNĐ3.45 million in Region 4.

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