P125 Wage Hike Rejected
President Benigno S. Aquino III Tuesday rejected the proposed P125 legislated wage hike for private workers due to concerns it may lead to business shut down and job losses. He, however, announced an early pay increase for government employees.
In a meeting with representatives of labor organizations at the Palace as part of the Labor Day celebration, the President instead urged the regional wage boards to hasten the approval of salary adjustments for workers in the private sector to help them cope with the cost of living in the country.
