Metro Manila (CNN Philippines, May 21) — Eight business groups have opposed the proposed ₱150 wage hike, which they said would hurt small businesses and workers in the informal sector more.
They expressed their opposition in a statement posted on the Facebook page of the Employers Confederation of the Philippines (ECOP) on Friday.
The statement was signed by heads of ECOP, Philippine Chamber of Commerce and Industry, Philippine Exporters Confederation, Inc., Federation of Filipino-Chinese Chambers of Commerce and Industry, IT & Business Process Association of the Philippines, Philippine Hotel Owners Association, Foreign Buyers Association of the Philippines, and United Portusers Confederation of the Philippines, Inc.
The groups said they understand the concern of the Senate Committee on Labor, Employment, and Human Resource Development on how the effects of inflation “continued to dampen the purchasing capacity of Filipinos.”
‘ ’22’: ‘contentWidth’: ‘100%’ ’embedCode’: ‘