| Let expanded VAT dust settle before deciding if its effects have eroded the earlier wage increase, thus advises Labor Secretary Patricia Sto.Tomas. Meantime, consumers try to cope with increase in prices of prime goods, cutting down consumption and turning to thrift stores. (Sun.Star Cebu/Amper Campaña) |
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CEBU CITY -- Cebu's business leaders are opposing a legislated wage increase proposed by President Gloria Macapagal-Arroyo because congressmen will just use the issue for grandstanding.
Carlos Co, Cebu Chamber of Commerce and Industry (CCCI) vice president, said the Regional Tripartite Wages and Productivity Board (RTWPB) is better at setting daily pay because it is made up of representatives from the government, business, and labor.
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