US EditionSime Darby Property Sets New Wage Benchmark
- The House of Representatives approved House Bill No. 11376 on June 4, proposing a P200 daily minimum wage increase nationwide for private sector workers.
- This bill marks the first time in over three decades that a wage increase has been enacted through legislation, coming after years of lobbying by the labor sector amid rising living costs and delays in adjustments by wage boards.
- The measure passed with a 171-1 vote and still needs bicameral conference approval before President Marcos signs it, despite his expressed hesitation and employer concerns.
- House Deputy Speaker Raymond Democrito Mendoza, representing the TUCP, emphasized that the focus is no longer on approving a legislated wage increase, but on determining the appropriate amount of the raise.
- If enacted, the bill would aid roughly five million minimum wage earners but raises concerns that higher wages may spur inflation and business struggles, especially among small enterprises.
16 Articles
16 Articles
Sime Darby Property Raises Minimum Wage for B40 Employees to RM2,700 per Month - WORLD OF BUZZ
B40 employees at Sime Darby Property will see an increase of 80% in their salaries soon. The company will increase the minimum living wage for its B40 employees to RM2,700 a month from the previous RM1,500 monthly wage. The new minimum living wage of RM2,700 is RM1,000 higher than the set national minimum wage level. In case you missed it, the government recently raised the monthly minimum wage to RM1,700, since February this year, for employers…
Sime Darby Property sets new wage benchmark
KUALA LUMPUR: Sime Darby Property Bhd’s move to raise the minimum living wage for its B40 employees by 80 per cent, from RM1,500 to RM2,700 per month in 2024, could set a new benchmark for the private sector, economists say. © New Straits Times Press (M) Bhd
House OKs P200 wage hike bill on 3rd and final reading
MANILA, Philippines — The House of Representatives has passed on third and final reading a bill seeking to increase the minimum wage for the private sector—a last-minute attempt to achieve the first legislated wage hike in more than three decades before the 19th Congress ends on June 13. During Wednesday’s plenary session, the chamber approved […]...Keep on reading: House OKs P200 wage hike bill on 3rd and final reading
House approves P200 wage hike bill - BusinessWorld Online
By Kenneth Christiane L. Basilio, Reporter THE HOUSE of Representatives on Tuesday approved on third and final reading a measure seeking a P200 across-the-board minimum wage hike for workers in the private sector, despite concerns over its potential inflationary effects and adverse impact on small businesses. Lawmakers voted 171-1-0 to approve House Bill No. 11376, paving the way for the possibility of a first legislated wage hike since the late…
House approves bill granting across-the-board minimum wage hike of P200
MANILA, Philippines – The House of Representatives on Wednesday, June 4, passed the bill granting a P200 across-the-board daily increase for minimum wage earners in the private sector, a bill long lobbied for by the labor sector. In one of the six session days left in the 19th Congress, the House approved the bill on third and final reading, with 171 affirmative votes, 1 negative vote, and 0 abstentions. It finally caught up with the progress of…
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