Philstar.com·4 min read·medium
No wage hike suspension; BSP sees inflation risk
H
Helen Flores
✦AI Summary
The Philippine government has confirmed that a scheduled P85 wage hike in Metro Manila will proceed despite concerns from the private sector regarding inflation and potential layoffs. The Bangko Sentral ng Pilipinas is currently assessing the inflationary risks associated with this record-high increase.
MANILA, Philippines - Despite fears of price increases and layoffs, Malaca ang said the P85 wage hike in Metro Manila will proceed as scheduled.
economypoliticsbusiness
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