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The minimum bonus that the employer is required to provide is 8.33% of the employee's salary earned during the accounting year, and the maximum bonus that the employer can provide is 20% of the salary earned during the accounting year. The bonus is paid within eight months from the closing of the accounting year. [36]
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.
The Philippines formally adopted Inflation Targeting as the framework for Monetary Policy in January 2002. The Philippines’ inflation target is measured through the Consumer Price Index (CPI). For 2009, inflation target has been set to be 3.5 percent, having a 1% tolerance level, and 4.5 percent for 2010, also having 1% tolerance.
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 ...
The Manila Bulletin (PSE: MB) (also known as the Bulletin and previously known as the Manila Daily Bulletin from 1906 to September 23, 1972, and the Bulletin Today from November 22, 1972, to March 10, 1986) [4] is the Philippines' largest English language broadsheet newspaper by circulation.
The Philippines has a 24-member Senate elected at-large. Every three years since 1995, 12 seats are disputed. For 2025, the seats disputed in 2019 will be contested. Each voter has 12 votes, of which one can vote for one to twelve candidates, or a multiple non-transferable vote; the twelve candidates with the most votes are elected.
Local elections are scheduled to be held in Manila on May 12, 2025, as part of the 2025 Philippine general election. The electorate will elect a mayor, a vice mayor, 36 members of the Manila City Council, and six district representatives to the House of Representatives of the Philippines. The officials elected in the election will assume their ...
The Metropolitan Waterworks and Sewerage System [1] (Tagalog: Pangasiwaan ng Tubig at Alkantarilya sa Kalakhang Maynila), [5] formerly known as the National Waterworks and Sewerage System Authority (NAWASA), is the government agency that is in charge of water privatization in Metro Manila and nearby provinces of Cavite and Rizal in the Philippines.