Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion said these micro-enterprises “are already struggling” from the effects of the COVID-19 pandemic and the high cost of commodities because of the Russia-Ukraine crisis.
The CCPI said: “To increase wages now might put the Philippines on a less competitive edge to attract investments into the country.” Minimum wage earners in the National Capital Region will have a P33 daily wage hike, while those in Western Visayas will receive an increase of up to P110. The last wage order for employees in private establishments in Metro Manila was issued on November 22, 2018, granting a P25 increase in the minimum wage.
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