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The Regional Tripartite Wages and Productivity Board has approved the P30 daily minimum wage increase across all sectors and industries in the Eastern Visayas region. The Department of Labor and Employment on Friday said the RTWPB in Region 8 issued Wage Order No. RB VIII-24 last November 5, which now brings the daily minimum rates from P405 to P435.
6727 or the Wage Rationalization Act. The wage increase is expected to benefit 126,095 minimum wage earners and 57,080 domestic workers.“The new rates for workers in the private sector translate to a 7% increase from the prevailing daily minimum wage rates in the region and result in a comparable 10% increase in wage-related benefits covering 13th-month pay, service incentive leave , and social security benefits such as SSS, PhilHealth, and Pag-IBIG,” DOLE explained.