The Pasig RTC has issued a TRO upon petition of Readycon and RII builders for the implementation of the first tranche of P85.00 wage increase. Article 126 of the Labor code prohibits such a TRO. No worries for the laborers
The BSP has issued statements vs such increase and its effect on inflation which their office tries to contain. This traps businessmen who are caught in the the dilemna of increasing costs of production and the slowdown in economic activities due to war in Iran, and adverse publicity on flood control scandal and the impeachment
