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According to Presidential Decree No. 851, an employer is mandated by law to give his employees thirteenth month pay. The thirteenth month pay required by law should not be less than one twelfth of the total basic salary earned by an employee within a calendar year. [11] The thirteenth month pay is exempted from being taxed by the government.
The Social Security Act of 2018 mandates the government to provide unemployment benefits to private sector employees who were involuntarily separated from employment. [1] Unemployment benefit is also referred to as unemployment insurance or involuntary separation benefit. [2] The payments are sourced from the country's Social Security System ...
In 1976, Presidential Decree No. 1067, otherwise known as the Water Code of the Philippines was enacted. Based on the principles that: (a) “all water belongs to the State”; and (b) the State may allow the use or development of its waters by administrative concession", the NWRB was instituted as a “water resource regulator” tasked to ...
The Philippine Overseas Employment Agency is the Department of Labor and Employment's arm that administers to the overseas employment of Filipino workers. It aims to ensure and protect the migrant workers' rights and welfare. It is also tasked to promote, develop and supervise the government's overseas employment program. [35]
In production sharing agreements the country's government awards the execution of exploration and production activities to an oil company. The oil company bears the mineral and financial risk of the initiative and explores, develops and ultimately produces the field as required. When successful, the company is permitted to use the money from ...
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Oil and gas companies would have to pay more to drill on public lands and satisfy stronger requirements to clean up old or abandoned wells under a new rule announced Thursday by the Biden ...
Republic Act No. 6975, or the Department of Interior and Local Government Act of 1990, took effect on January 1, 1991 and paved the way for the establishment of the Philippine National Police, BFP and Bureau of Jail Management and Penology as separate entities. Specifically, the Fire Bureau's charter was created under Chapter IV (Section 53 to ...