Connect with us

Business and Economy

DTI chief sees no need to defer 13th-month pay

Published

on

“No official discussion on deferment because companies needing funds can possibly source from loans,” Lopez told reporters in a text message Wednesday. (File Photo: DTI Secretary Ramon M. Lopez/Facebook)

MANILA – Department of Trade and Industry (DTI) Secretary Ramon Lopez sees no need to defer the 13th month pay for this year as the government stands ready to support distressed micro and small enterprises amid the pandemic.
“No official discussion on deferment because companies needing funds can possibly source from loans,” Lopez told reporters in a text message Wednesday.
Lopez said the government will provide support, whether through loan or subsidy, to micro and small enterprises and their workers.
“The matter is being reviewed by DOLE (Department of Labor and Employment),” he added.
In a virtual edition of Wednesday Roundtable @ Lido, both the business and labor groups are “in the same boat” on the matter of the 13th-month pay.
Sonny Matula, chairman of Nagkaisa labor coalition and president of Federation of Free Workers, said trade unions support the proposal of the Employers Confederation of the Philippines (ECOP) for the government to subsidize the 13th-month pay of workers to be given by distressed micro and small enterprises.
“Sa kasalukuyan, mas lalo ngayong kinakailangan ng mga manggagawa ang proteksyon. Kung di talaga kaya magawa ng mga employers ay ang gobyerno ang gumawa ng paraan na matulungan sila (Nowadays, workers need protection even more. If the employers can’t really do it, the government should come up with a way to help them),” Matula said.
Philippine Chamber of Commerce and Industry (PCCI) chairman emeritus George Barcelon said ECOP’s suggestion is “very appropriate”, adding employers were asking for sources of funds for them to provide the 13th-month pay to their employees.
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle2 weeks ago

Dr. David Suzuki’s Legacy: A Celebration at 90

Celebrating Dr. David Suzuki’s 90th birthday on Friday, May 22  was a true privilege and a great pleasure! My husband,...

Lifestyle3 weeks ago

What I Know Now About Motherhood

Did you know that a mother’s cells can live in her child’s body for their entire lives? This fascinating phenomenon...

Headline2 months ago

Age with Audacity

At 25, I imagined life at 50 would mean I’d be past my prime and grumpy.  Little did I know,...

Lifestyle2 months ago

Spring Clean Your Body, Mind and Home

Spring has sprung! This season is perfect for spring cleaning, but why stop at our homes?  We can also rejuvenate...

Lifestyle3 months ago

Hear Us Roar

There is absolutely nothing wrong with a woman who wants her happily ever after. I certainly did. After 21 years...

Lifestyle3 months ago

The Real Rich

Margaret Atwood aptly captured this dynamic with the phrase, “Old money whispers, new money shouts.”  Let me elaborate on this...

Headline4 months ago

Love in the Afternoon of Life

Love in later life—the 50s, 60s, 70s, and beyond—is a thriving, fulfilling reality. It offers companionship, improved well-being, and joy,...

Headline4 months ago

Your Most Important Relationship is With Yourself

Valentine’s Day shouldn’t be celebrated only for one day. Love should be celebrated everyday. Valentine’s Day, when expanded beyond romance,...

Headline5 months ago

The 2016 Trend Made Me Reflect On My Past & Present

Like many others, I couldn’t resist joining the 2016 throwback trend.  It was all over social media, with everyone sharing...

Headline5 months ago

How To Be Healthier Realistically

It’s a brand-new year and a brand new you! If you’re like me who had been indulging quite a bit...