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Metro Manila daily minimum wage increases by P35 on July 17
The daily minimum wage in Metro Manila for private sector workers will increase by P35 starting July 17, a salary adjustment that will directly impact 988,243 minimum wage earners and may also affect around 1.7 million employees paid higher salaries.
Fitch Group unit BMI cites EO 62 adverse impact on global rice price
Think tank and Fitch Group unit BMI said the Manila decision reducing the tariff on imported rice could help push the price of the staple higher in global markets.
FATF cites PH progress made under grey list regime
The Paris-based Financial Action Task Force (FATF) has acknowledged the progress the Philippines has made in key areas of money laundering and terrorist financing that has fueled optimism for Manila to exit the FATF grey list.
Government budget deficit widened in May to P174.9 billion on higher spending
The national government recorded a wider budget deficit of P174.9 billion in May as the 22 percent increase in spending outpaced the 15 percent growth in revenue.
BDO’s Nestor V. Tan headlines BANCNET board directors
The shareholders of electronic banking consortium BancNet have elected new directors to its board during their annual meeting held 18 June 2024.
