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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 379038 [Title] => P125 wage increase likely to discourage investors economist [Summary] => The proposed P125 legislated daily wage hike will likely discourage investors from putting up businesses in the country, a school-based economist said yesterday.
Peter Lee U, dean of the University of Asia and the Pacifics School of Economics, said the minimum wage hike would pull up the cost of labor in the Philippines, which is already more expensive when compared to neighboring countries like Thailand.
[DatePublished] => 2007-01-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
NATIONAL COMPETITIVE COUNCIL
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 379038 [Title] => P125 wage increase likely to discourage investors economist [Summary] => The proposed P125 legislated daily wage hike will likely discourage investors from putting up businesses in the country, a school-based economist said yesterday.
Peter Lee U, dean of the University of Asia and the Pacifics School of Economics, said the minimum wage hike would pull up the cost of labor in the Philippines, which is already more expensive when compared to neighboring countries like Thailand.
[DatePublished] => 2007-01-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1480108 [AuthorName] => Ma. Elisa Osorio [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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By Ma. Elisa Osorio | January 9, 2007 - 12:00am
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President Ferdinand Marcos Jr. on Monday signed a new law that streamlines tax incentives for businesses in the Philippines, including the taxation of companies in special economic zones.
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During the conference, Finance Secretary Ralph Recto emphasized the importance of a business environment that supports consistent progress.
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