Palace hopeful of ‘acceptable’ wage hike soon

Malacañang on Sunday said that the National Wages and Productivity Commission (NWPC) is now conducting public hearings regarding the salary increase between employer groups and workers.

“We hope a decision, which is acceptable to both parties, would be made soon,” Presidential Spokesperson Salvador Panelo said in a statement.

Meanwhile, Panelo said that the government has “decisively acted to tame inflation” for the time being.

“Our people are beginning to feel the effects with the price of rice starting to go down, and just yesterday, the Suggested Retail Price (SRP) program and prescribed labelling for milled rice have been launched by the Department of Agriculture and the Department of Trade and Industry to protect consumers from profiteers,” he said.

The Palace official also assured that the Office of the President and relevant government agencies “will closely monitor inflation to ensure that our economy will continue to be advantageous to the Filipino people.” /je