Vivant Reports 1H2026 Core Net Income Of PHP784 Million As Power Generation Remains The Largest Contributor While Share Of Water Business Grows

Vivant Corporation posted PHP784 million in core net income for the first half of 2026, with power generation remaining its largest earnings contributor.

Pag-IBIG Fund Net Income Up 24% To PHP41.35 Billion In First Half Of 2026

Pag-IBIG Fund posts record first-half net income of PHP41.35 billion, reflecting stronger earnings and disciplined cost management.

Borromeo Motoring Group Signs New RES Deal For 20 Luzon Dealerships

Borromeo Motoring Group taps COREnergy to manage power more strategically across 20 Luzon dealerships and automotive facilities.

Two Founders, One Purpose: How Joel Cabugos And Jax Reyes Built KasKasan Buddies

KasKasan Buddies grew from the complementary strengths of Joel Cabugos and Jax Reyes, whose shared vision placed financial education and community value at the center.

DOLE: No Requests Yet From Employers On 13th Month Pay Exemption

Are you excited to get your 13th month pay?

DOLE: No Requests Yet From Employers On 13th Month Pay Exemption

97
97

How do you feel about this story?

Express Your Reaction
Like
Love
Haha
Wow
Sad
Angry

The Department of Labor and Employment (DOLE) has yet to receive requests from employers seeking an exemption from the payment of 13th-month pay amid the coronavirus disease 2019 (Covid-19) pandemic.

Labor Undersecretary Benjo Benavidez said based on his experience, he has not encountered exemption requests from employers regarding the matter.

“I have been in the department for the past 12 years. I was assigned at the National Capital Region for five years and I have not encountered that an employer who filed an exemption for 13th-month pay,” he said during the V-Café@DOLE, a virtual media kapihan on Monday.

He added that there is an existing mechanism regarding the issue of the exemption from paying the 13th-month pay, which is equivalent to a one-month salary of workers in the private sector.

“There is what we call the implementing rules issued in 1975. But those implementing rules and regulations (IRR) in the most recent past, nobody has availed,” Benavidez said.

He added that the IRR was issued by then Labor Secretary Blas Ople that employers may be exempted but they would have to apply for it.

He added the National Tripartite Industrial Peace Council (NTIPC) is set to meet on Tuesday to discuss the matter among other issues.

The payment of 13th-month pay is mandated under Presidential Decree 851 signed in 1975 by then President Ferdinand Marcos.

Covered by payment are rank and file employees who have served at least one year in the company where they are employed.

It should be given to the workers on or before December 24. (PNA)