Alden M. Monzon

3 weeks ago | business.inquirer.net | Alden M. Monzon

MANILA, Philippines – The Management Association of the Philippines (MAP), which counts top executives of some of the country’s largest companies among its members, on Monday expressed its opposition to the P200 legislated wage hike, marking the latest resistance from the private sector amid concerns over its potential impact on business costs and inflation.

3 weeks ago | business.inquirer.net | Alden M. Monzon

MANILA, Philippines –  The Makati Business Club (MBC) on Monday called on the Senate to convene as an impeachment court to try Vice President Sara Duterte, becoming the first major business group to push for formal proceedings amid growing allegations of misconduct against the country’s second highest official.

3 weeks ago | business.inquirer.net | Alden M. Monzon

MANILA, Philippines – Days before the start of a new school year this June, prices of school supplies in the popular thrift marketplace Divisoria have remained within the government’s guide meant to keep prices fair for consumers. Trade Secretary Ma. Cristina A. Roque led the latest monitoring operation last Sunday as part of the Department of Trade and Industry’s (DTI) intensified efforts to ensure affordable school essentials amid the return of the traditional academic calendar.

3 weeks ago | business.inquirer.net | Alden M. Monzon

MANILA, Philippines – The Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) has urged lawmakers to pass a strengthened right-of-way bill, seeing it as a measure that will help unlock stalled infrastructure projects and boost the country’s economic competitiveness.

3 weeks ago | cebudailynews.inquirer.net | Alden M. Monzon

MANILA, Philippines — The country’s largest group of retailers warned that the P200 wage hike bill passed by the House of Representatives could lead to layoffs and cause even more problems. “This will still have to pass the Senate. Nevertheless, this will cause layoffs in the retail sector especially in the MSME (micro, small and medium enterprises) retailers, which comprise almost 70 percent of retail employment,” Philippine Retailers Association president Roberto Claudio told the Inquirer.