Palace sees okay of acceptable wage hike

October 28, 2018

MALACAÑANG yesterday said it is hopeful the National Wages and Productivity Commission would approve a salary increase acceptable to workers and employers.

The Associated Labor Unions-Trade Union Congress of the Philippines had insisted on a P334 minimum wage hike in Metro Manila to help workers cope with accelerating inflation. Employers proposed a P20 adjustment.

“The National Wages and Productivity Commission is now conducting public hearings between employer groups and workers and we hope a decision, which is acceptable to both parties, would be made soon,” Presidential Spokesperson and Chief Presidential Legal Counsel Salvador Panelo said.

The government is doing its best to tame inflation, adding the price of rice has started to go down, he said.

“We hope a decision, which is acceptable to both parties, would be made soon,” Presidential Spokesperson Salvador Panelo said in a statement.

Meanwhile, Panelo said the government has “decisively acted to tame inflation” for the time being.

“Our people are beginning to feel the effects with the price of rice starting to go down, and just yesterday, the Suggested Retail Price (SRP) program and prescribed labelling for milled rice have been launched by the Department of Agriculture and the Department of Trade and Industry to protect consumers from profiteers,” he said.

The Palace official also assured that the Office of the President and relevant government agencies “will closely monitor inflation to ensure that our economy will continue to be advantageous to the Filipino people.”