ECOP Backs Proposed P500 Subsidy For Minimum Wage Earners

by | Aug 16, 2018 | Press Release

The Employers Confederation of the Philippines (ECOP) has expressed its support on the proposed P500 monthly subsidy for minimum wage earners.

“We have nothing against the proposed subsidy especially if it will be coming from the CCT (conditional cash transfer),” ECOP Acting President Sergio Ortiz-Luis said.

“Anyway it can just be a re-allocation of the subsidy,” Ortiz-Luis added.

The monthly subsidy was proposed earlier by the Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) and conveyed to the President.

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.