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Employers hope Marcos rules out legislated wage hikes in SONA
The Employers Confederation of the Philippines (ECoP) is hoping President Ferdinand Marcos Jr. rejects legislated wage hikes in his upcoming State of the Nation Address (SONA).
ECoP President Sergio R. Ortiz-Luis, Jr. stated that businesses want the President to signal he does not favor future legislated wage hikes.
He mentioned that a P50 wage hike for Metro Manila took effect on July 18, with other regions currently reviewing their wage increases.
Ortiz-Luis hopes the President's confirmation of regional wage adjustments will discourage refiling of bills mandating nationwide wage hikes.
He believes such legislated wage hike bills would likely be vetoed by the President.
Marcos also prioritizes a bill to amend the Magna Carta for Micro, Small, and Medium Enterprises (MSMEs).
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Akbayan, a progressive partylist, urged President Ferdinand Marcos Jr. to include a proposed P200 legislated wage hike in his priority bills for the remainder of his term.
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The P50 daily wage increase for minimum wage earners in the National Capital Region (NCR) takes effect on July 18, 2025.
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