Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Congress told to revisit wage-setting system, EPIRA reforms

by
December 30, 2024
in Top News
0
Congress told to revisit wage-setting system, EPIRA reforms
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter
STOCK PHOTO | Image by wal_172619 from Pixabay

By John Victor D. Ordoñez, Reporter

PHILIPPINE LAWMAKERS should review the country’s wage-setting system and consider amending the Electric Power Industry Reform Act (EPIRA) of 2001 when Congress resumes session on Jan. 13 to ensure workers’ adequate pay amid rising costs of living and affordable power costs for employers, according to labor analysts.

“Congress should prioritize passing the security of tenure bill, approving a P150 wage increase, and reviewing the process for setting minimum wages to ensure they reflect the cost of living and workers’ rights,” Sentro ng mga Nagkakaisa at Progresibong Manggagawa (SENTRO) Secretary-General Josua T. Mata said in a Viber message.

In February, the Senate passed on the third and final reading a P100 across-the-board increase for private-sector workers. The House of Representatives has yet to pass a counterpart bill.

Labor groups have said the country’s wage-setting system has failed since many workers still live in poverty even after paltry minimum wage increases.

The National Capital Region’s wage board in June approved a hike to the minimum wage by P35 pesos to P645, which took effect on July 17.

“While there are many significant reforms that need attention, focusing on these measures would be a meaningful way for Congress to conclude its sessions and leave a positive legacy.”

He also said that amending or repealing the EPIRA law could pave the way for reliable and affordable power costs for consumers and businesses.

Energy Undersecretary Sharon S. Garin earlier urged senators to amend the Energy Regulatory Commission (ERC) charter to allow price increases without regulatory approval as long as these fall within a set benchmark or bracket.

This would allow the ERC to do away with the cumbersome approval process that power distributors have complained about, she told a Senate energy committee hearing that is looking at changes to the 23-year-old EPIRA.

Renato B. Magtubo, a former congressman and chairman of Partidong Manggagawa added that stronger protection measures must be implemented to address the plight of contractual workers through a security of tenure law.

“The proliferation of labor contracting practices in which workers employed by labor contractors are supplied to principal employers as agency workers affects workers’ productivity since this circumvents the right to regular employment,” the former lawmaker said in a Viber message.

Mr. Magtubo added that Congress should also legislate measures to grow and expand the local economy by supporting farmers and local manufacturers. He said this could boost agricultural production and make local manufacturers competitive.

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Midterm polls, Marcos and Duterte rift cost Filipinos key reforms, analysts say

Midterm polls, Marcos and Duterte rift cost Filipinos key reforms, analysts say

Recommended

What Filipino liberals can learn from the Democratic defeat in the US

What Filipino liberals can learn from the Democratic defeat in the US

December 5, 2024
How Online Casinos Are Shaping the Canadian Economy?

How Online Casinos Are Shaping the Canadian Economy?

September 25, 2024
Manila affirms stance vs nukes

Manila affirms stance vs nukes

August 1, 2024
You wanna be on top? The model life

You wanna be on top? The model life

August 11, 2024
PHL T-bill, bond yields may ease on rate cut bets

PHL T-bill, bond yields may ease on rate cut bets

September 29, 2024
P350-M Wave Residences in Nasugbu to finish by 2027

P350-M Wave Residences in Nasugbu to finish by 2027

August 26, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved