• 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.