e-Bulletin – Vol. 5, Issue No. 13 (16 May 2024)

by | May 17, 2024 | Info Notes

ICYMI: Statement of DOLE on the recent wage increases

In a statement on Wednesday, May 15, the Department of Labor and Employment (DOLE) highlighted the importance of the Regional Tripartite Wages and Productivity Boards (RTWPBs) in implementing wage hikes, scheduling a round of consultations starting this month. DOLE clarified that it has not opposed the proposed nationwide wage increase, respecting Congress’ authority to legislate.

As the body responsible for lawmaking, Congress has the sole power to enact, amend, or repeal laws, and DOLE defers to its primary authority and wisdom. The department’s role is to provide technical inputs to aid legislation, fulfilling its Constitutional duty as part of the Executive Branch. Furthermore, DOLE assured lawmakers it is ready to implement the wage increase if it becomes law, despite any challenges. The RTWPB – National Capital Region has set a round of public consultations on June 20 and will also be consulting with the labor sector on May 23 and the employers’ sector on June 4.

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Edgardo Lacson

Chairman of the Board

Edgardo G. Lacson is currently the Chairman of the Board of the Employers Confederation of the Philippines (ECOP), and Director of the Philippine Stock Exchange (PSE). He was formerly President and Honorary Chairman of the Philippine Chamber of Commerce and Industry (PCCI).  He was the President of ECOP from 2010 to 2016. Ed Lacson also serves as the President of various business firms, including MIS Maritime Corporation, Safe Seas Shipping Agency, Marine Industrial Supply Corporation, and EML Realty. He serves as Chairman of Metrostore Corporation, MIL Export Philippines, Beacon Environmental Management Services and Primelode, among others.

He is likewise Trustee of both the De La Salle Canlubang, Inc. and Philippine Petroleum Sea Transport Association (PHILPESTA), Managing Director of Link Edge, and a member of the Management Association of the Philippines (MAP), Philippine Interisland Shipping Association (PISA), and Makati Business Development Council (MBDC).

An alumnus of then De La Salle College and now De La Salle University where he earned his degree in Bachelor of Science in Commerce (BSC) Major in Accounting, Ed Lacson indeed through the years has expanded his horizons.

Edgardo Lacson serves as Honorary Chairman at PCCI. His previous business affiliations include the Philippine National Oil Company (PNOC), Marine Chemical Corporation, VLK Traders Philippines, Inc., and Esso Standard Eastern.