5 days Xmas bonus loan facility for MSME workers pushed MB |Biz
A labor-employer-government meeting agreed in principle to ask government to extend a loan facility to micro enterprises to pay for the mandatory 13th month pay of their employees which is estimated between P500 million to P1 billion. Employers Confederation of the Philippines (ECOP) President Sergio Ortiz-Luis Jr. said after their tripartite meeting with labor groups that Trade and Industry Secretary Ramon M. Lopez and Department of Labor and Employment Secretary Silvestre Bello III all agreed that government extend a loan facility for the 13th month pay of micro enterprises workers. Some politicians are calling for the creation of the ... more