Advisory: Wage increases for workers in private establishments approved

by | Jun 30, 2023 | Info Notes

On 26 June 2023, the Regional Tripartite Wages and Productivity Board in the National Capital Region issued Wage Order No. NCR-24. From the daily minimum wage of P570.00, there is an increase of P40.00 which brings the new minimum to P610.00 for the non-agriculture sector. For the agriculture sector, service and retail establishments employing 15 or less workers, and manufacturing establishments regularly employing less than 10 workers, the daily minimum wage will be P573.00 from P533.00.

The new rates remain above the regional poverty threshold of P452.00 per day for a family of five. These likewise result in a comparable 7% increase in wage-related benefits covering 13th-month pay, service incentive leave (SIL),and social security benefits such as SSS, PhilHealth, and Pag-IBIG.

The NWPC affirmed the wage order on 27 June 2023 and shall take effect on 16 July 2023, or 15 days after its publication today, 30 June 2023.

As an exception, Barangay Micro Business Enterprises (BMBEs) are not covered by the minimum wage law pursuant to Republic Act No. 9178 (2002).

For exemption applications and further clarifications on the wage order, the RTWPB may be also reached through its email address [email protected].

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.