• A Senate bill seeking a P100 increase in the daily minimum wage for private sector workers nationwide is facing opposition from employers who say this will hurt micro and small businesses and dampen investors’ appetite.
• The Employers Confederation of the Philippines (ECOP) said the proposal will hurt micro and small enterprises, bring another round of inflation and scare away foreign investors.
• “With the wage increase, they will be affected by the increase in prices, but they won’t be among the beneficiaries of the higher pay,” ECOP president Sergio Ortiz-Luis Jr. said in an interview over radio dzME.
• Senate Bill 2534, which pushes for a P100 minimum wage increase for private sector workers, has already reached the Senate plenary.

https://www.philstar.com/headlines/2024/02/12/2332693/employers-buck-legislated-p100-wage-hike