Philippine Labor Secretary Francis Tolentino said wages in Metro Manila will rise a record 12%, with implementation starting this month. The move is likely to modestly support household spending in the local economy, though it is not described as broad market-moving policy.
Philippine Labor Secretary Francis Tolentino said wages in Metro Manila will rise a record 12%, with implementation starting this month. The move is likely to modestly support household spending in the local economy, though it is not described as broad market-moving policy.
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