Labor department official sees wage hike for NCR happening in early 2020
MINIMUM WAGE earners in the National Capital Region (NCR) will have to wait until early next year before they see an increase in their daily pay, based on the estimated time needed to process a wage petition.
Iloilo court suspends PECO property expropriation pending Supreme Court ruling
AN ILOILO Regional Trial Court has suspended the expropriation proceedings of MORE Electric and Power Corp. (MORE) over the assets of Panay Electric Co. (PECO), the city’s former power franchise holder.
Peso drops as BSP chief says another cut possible
THE PESO depreciated on Tuesday due to developments in the US-China trade negotiations, as well as comments from Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno that a rate cut is still possible within the year.
PSEi slips on MSCI rebalancing, US-China talks
THE MAIN INDEX continued to slip on Tuesday as foreign investors reacted to the latest Morgan Stanley Capital International (MSCI) rebalancing and developments in the Sino-US trade war.
House approves real property valuation bill on third reading
THE House of Representatives on Monday approved on third and final reading Package three of the Comprehensive Tax Reform Program (CTRP), the bill that will centralize the valuation and assessment of real property.
3 years’ notice considered for power plant outages
THE Department of Energy (DoE) has released a draft circular that will require power generation plants connected to the transmission grid to submit their planned or scheduled outages for three years.
DoLE says flexible work hours must come with overtime
THE Department of Labor and Employment (DoLE) backed measures to facilitate the adoption of alternative work arrangements on a voluntary basis, on the condition that companies continue to pay overtime and night differentials.
‘No chance’ P750 NCR daily wage will be approved — ECoP
EMPLOYERS said they see no chance of approval for a proposed daily minimum wage of P750 for Metro Manila workers, a year after the region last increased its minimum wages.
BDO’s Tan sees growth continuing after BSP moves to expand liquidity
BUSINESS sentiment remains positive with the economy continuing on its growth trajectory and liquidity abundant due to the central bank’s expansionary measures, the head of BDO Unibank, Inc. said.
PAL on-time performance hits record in October; Cebu Pacific improves
PHILIPPINE AIRLINES’ (PAL) running average on-time performance (OTP) was a record 92% in October while Cebu Pacific improved to 85%, the Department of Transportation (DoTr) said Monday.
ASF containment plan could be issued as AO
THE national zoning plan for controlling the spread of African Swine Fever (ASF) will be implemented as an administrative order (AO) to ensure effective implementation, the Department of Agriculture (DA) said.
Vaping tax bill seen passing Senate on 2nd reading in early December
THE measure imposing higher excise taxes on alcohol products, electronic cigarettes and other vapor products is expected to pass the Senate on second reading by Dec. 4, Majority Leader Juan Miguel F. Zubiri said.