Tag: Philippine Chamber of Commerce and Industry (FCCI)

Businessmen oppose legislated wage hike

(PHILSTAR) MANILA, Philippines — The proposed legislated wage hike will result in higher labor costs and make it difficult for the country to attract more investments, according to business groups. In May, eight business groups sent a letter to Sen. Jinggoy Estrada opposing the legislated wage hike being proposed in the Senate, claiming that it…
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‘Wage hike to dampen investment promo efforts’

(MALAYA) A wage increase is a sure threat against efforts to invite more investors, according to business groups. In a May 17, 2023  letter to Sen. Jinggoy Estrada, heads of the  Philippine Chamber of Commerce and Industry, Federation of Filipino- Chinese Chambers of Commerce and Industry, Employers Confederation of the Philippines,  IT & Business Process Associationof the Philippines,…
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