BusinessWorld E-paper
February 20, 2024
THE PHILIPPINE SENATE on Monday approved on third and final reading a bill calling for a P100($1.78) across-the-board minimum wage increase for workers in the private sector, amid warnings that a hike that is too high could fan inflation.
Twenty senators unanimously approved the measure, the first legislated and national increase since the enactment of a measure in 1989 that created wage boards that set pay rates per region.
