UP CMC Demands Answers On Missing PHP4.4 Million

College seeks records, reconciliations, and supporting documents after foundation discloses fund losses.

Stolen Or Misappropriated? UP CMC Foundation Admits PHP4.4 Million Missing

Foundation says external audit uncovered fund losses as legal action moves forward.

Inside The UP CMC Foundation Controversy: The Key Players And The Questions They Face

Educators, media executives, and PR leaders find themselves at the center of the UP CMC Foundation dispute.

Vivant Energy Accelerates Clean Energy Growth With Acquisition Of Samar Phils. Renewable Corp.

Vivant Energy continues to accelerate its renewable energy initiatives with the full acquisition of Samar Philippines Renewable Corporation.

More Than 25K OFWs To Benefit From South Korea Minimum Wage Hike

The adjustment aims to balance worker welfare and business needs in South Korea.

More Than 25K OFWs To Benefit From South Korea Minimum Wage Hike

1965
1965

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Overseas Filipino Workers (OFWs) in South Korea will get a higher pay this year after the host nation’s Minimum Wage Commission adopted a 2.9 percent wage hike starting Jan. 1.

In a news release on Friday, the Department of Migrant Workers (DMW) said the wage adjustment would benefit the 25,606 Filipino Employment Permit System (EPS) workers who earn minimum wage in the East Asian nation.

“Pursuant to Ministry of Employment and Labor (MOEL) Notice No. 2025-47, the Republic of Korea has increased its minimum hourly wage from KRW (Korean Won) 10,030 to KRW 10,320,” the agency’s Advisory No. 5 read.

The DMW said the hike is equivalent to an average monthly wage of 2,156,880 Korean won, or about PHP86,000, based on a standard monthly workload of 209 hours.

It added that the wage hike covers all industries, including Filipino workers in the manufacturing and caregiving sectors, ensuring equal treatment with local employees.

South Korea reviews its minimum wage annually based on factors such as cost of living, wage levels, labor productivity, income distribution, and industry type, aligning the needs of workers and the business sector. (PNA)