Vivant Posts 42% Rise In Core Net Income To PHP318M In 1Q2025 On Strong Power, DU Gains

Consolidated Core Net Income (CCNI) grew by 42% to Php 318 mn; accounting for non-recurring income, Net Income Attributable to Equity Holders of the Parent recorded at Php 284 bn, 26% higher than the level in 1Q 2024.

A Break In The Script: What The 2025 Midterm Elections Reveal About The Pinoy Voters

The 2025 elections serve as a reminder that political power is not a birthright. The Filipino voter today demands accountability and authenticity, suggesting a pivotal moment in our governance narrative. Are our leaders equipped to face this new chapter?

Iloilo City Launches 1st LGU-Led Nutrition Hub For Kids, Moms

Ang Uswag Nutrition Center ng Iloilo City ay isang mahalagang hakbang sa pagbibigay ng masustansyang pagkain para sa mga bata at mga buntis na ina.

NHA Sees Completion Of Post-Yolanda Houses By December

Inaasahan ng NHA na matatapos na ang mga bahay para sa mga biktima ng Yolanda sa Disyembre 2025, pagkatapos ng mahigit isang dekada ng paggawa.

Pres. Duterte To Employers: Give 13th-Month Pay In Advance

Pres. Duterte To Employers: Give 13th-Month Pay In Advance

0
0

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

President Rodrigo Duterte on Monday called on private firms to grant workers their 13-month pay bonus in advance to help those who may suffer from job losses due to the coronavirus disease 2019 (Covid-19) outbreak.

In a televised public address, Duterte encouraged employers to give the 13-month pay, or even half of the worker’s salary, during the health crisis.

“Iyong sanang mga malalaking enterprises dito (I hope the big enterprises here), maybe you can consider paying the 13th month pay or just paying them maski kalahati sa sweldo nila kung walang trabaho (even half of their salary if they have no work) as a way of showing your solidarity with the Filipino at this critical time,” he said.

He noted that by giving the advanced 13-month pay, employers are ultimately easing the burden already being felt by wage earners.

“Kahit pro-rated lang — ‘yung ano divided by mo sa mga buwan — pro-rated lang tulong na iyan ay ating mga kababayan habang naka-quarantine (Even if it’s just prorated—prorated is already help for our citizens while they are on quarantine),” he said.

Under Presidential Decree 851, all rank-and-file employees in the private sector are entitled to receive the 13th-month pay on or before December 24 of the year.

However, an employer may give to his or her employees’ one-half of the 13th-month pay before the opening of the regular school year and the remaining half on or before December 24 of every year.

The mandatory benefit pay should not be less than one-twelfth of the total salary earned by an employee within a calendar year, regardless of the nature of employment.

The decree provides that every covered employer is required to make a report of compliance to the Department of Labor and Employment regional office not later than January 15 of each year.

Meanwhile, he also urged businesses to suspend rental fees and stop counting the days until their employees resumed work.

He also sought large business owners to assist micro, small and medium-scale enterprises.

“I urge our business leaders to find ways to help small businesses and ease the burden which is felt by the ordinary citizen right now,” he said.

At least PHP2 billion has been earmarked by the Department of Labor and Employment (DOLE) to help assist workers affected by Covid-19.

Aside from the monetary assistance, affected workers will also be offered emergency employment. (PNA)

facebook.com/pcoogov