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Employers' group asks BBM: Veto P100 wage hike law
The Philippine Star
|February 17, 2024
President Marcos should veto a proposed measure legislating a P100 daily across-the-board increase for the private sector as there is no way that small businesses can comply with the legislated wage hike, Employers Confederation of the Philippines (ECOP) chairman Sergio Ortiz-Luis Jr. said yesterday.
"The President can veto it, and I personally believe that the President listens to his economic managers, as all of them are against the proposed measure," Ortiz-Luis, newly reelected Philippine Exporters Confederation president, said during the Pandesal Forum in Quezon City.
Senators unanimously approved Senate Bill 2534 under Committee Report No. 190, a measure which, if it becomes law, could be the first since 1989 that a legislated pay hike would be implemented nationwide.
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