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Article 99 of the Labor Code of the Philippines stipulates that an employer may go over but never below minimum wage. Paying below the minimum wage is illegal. [10] The Regional Tripartite Wages and Productivity Boards is the body that sets the amount for the minimum wage. In the Philippines, the minimum wage of a worker depends on where he works.
A thirteenth salary, or end-of-year bonus, is an extra payment sometimes given to employees at the end of December.Although the amount of the payment depends on several factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on the country).
This is the lowest rate the Philippines enjoys since 1996, before the country suffered from the Asian Financial Crisis. After unemployment rate peaked in 2000, [9] it has been on a steep decline by an average of 8.5% each year through to 2010. Out of this unemployed group of workers, 88% is roughly split between people who at least had a high ...
Government Procurement Reform Act, establishes the creation of the Government Procurement Policy Board (GPPB) and the Philippine Government Electronic Procurement System (PhilGEPS) RA 9208 May 26, 2003 Anti-Trafficking in Persons Act of 2003: RA 9262 March 8, 2004 Anti-Violence Against Women and Their Children Act of 2004 [2] RA 9372 March 6, 2007
The Film Development Council of the Philippines (FDCP) has added a 5% cultural bonus incentive to the existing 20% cash rebate that is part of the Film Location Incentive Program (FLIP), it was ...
Directing All Government Agencies and Instrumentalities, Including Local Government Units, to Implement the Philippine Development Plan and Public Investment Program for the Period 2017–2022 June 1, 2017 [27] 28 Providing for the Regulation and Control of the Use of Firecrackers and Other Pyrotechnic Devices June 20, 2017 [28] 29
Dubai’s Emirates will pay its staff a bonus equivalent to 20 weeks’ salary, Reuters reported this week, citing an internal email. The state-owned airline, which also posted record full year ...
March 4 – Meralco, Aboitiz Power and San Miguel Global Power Holdings Corporation announce a ₱168 billion ($3.3 billion) agreement to establish the Philippines' first integrated liquefied natural gas facility in Batangas, which is expected to generate 1,320 megawatts of electricity by the end of the year.