Minimum Wage 2024 Philippines News. The department of labor and employment (dole) announced on wednesday, october 2, that minimum wage earners in three regions of the philippines will receive an. A strong us economy and potential policy shifts under the trump administration could drive the peso to a new record low next year, a bank of america (bofa) official said.
Congress created the regional wage boards in order to modulate the unsettling demands for minimum wage increases of many sectors of labor and to help quiet any industrial restlessness. In 2024, the national minimum wage in philippines remained fixed at โฌ135.1 per month, that is 1,621 euros per year, taking into account 12 payments per year.