Wednesday, February 8, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home News

‘Defer SSS, PhilHealth hikes in ‘23’

Vince LopezbyVince Lopez
December 10, 2022, 12:30 am
in News, Top Stories
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

Employers want the government to postpone the anticipated increase in contributions to the Social Security System (SSS) and Philippine Health Insurance Corporation (PhilHealth) in 2023, saying businesses are just recovering from the effects of the pandemic.

The increase favors most SSS members, but some employers, such as the Employers Confederation of the Philippines (ECOP), are asking for its postponement, GMA News reported.

“Ninety percent of our enterprises are micro. But 50% of these shut down during the pandemic, a lot have not reopened.

Others are discouraged to reopen (because of the planned rate hikes),” said Sergio Ortiz-Luis, ECOP President.

According to a 24 Oras report, the SSS contribution will be increased by one percent from 13% to 14% next year.

ADVERTISEMENT

Meanwhile, PhilHealth’s contribution will increase to 4.5% from 4%.

This came after Ortiz-Luis praised the Marcos administration, saying the opening of the economy and the push of the government to create more job opportunities pushed the country’s employment rate to pick up.

Ortiz-Luis Jr. noted late Thursday that the recovery of the country’s micro industries helped fuel the growth of the economy.

Inflation remains manageable, the ECOP president said, and the country remains on the path to economic recovery.
“Well, I will not say it is out of control, it’s a little high but it’s manageable,” said Ortiz-Luis.

Based on the Philippine Statistics Authority’s (PSA) preliminary results of its latest labor force survey released on Wednesday, the country’s unemployment rate dropped to 4.5 percent in October, lower than the 7.4 percent in October 2021 and 5 percent in September.

President Marcos had said he sees bright prospects for the country’s economy after the unemployment rate dipped in October.

The ECOP president, for his part, cited the need to intensify efforts to address skills mismatch and attract investments that will generate more jobs.

Tags: hikePhilHealthSSS
ADVERTISEMENT
Vince Lopez

Vince Lopez

Related Posts

PH mission off to Turkey, Syria

byVince Lopezand2 others
February 8, 2023, 1:40 am
0
8
PBBM to Pinoys: Pay correct taxes

Joins other nations in rescue, medical efforts as death toll crosses 5,000 The Philippines is joining other nations in offering...

Read more

It could happen here, too—Phivolcs

byManila Standard
February 8, 2023, 1:30 am
0
8
Magnitude 5.3 earthquake jolts Batangas

As a magnitude 7.8 earthquake recently hit Turkey and Syria, the head of the Philippine Institute of Volcanology and Seismology...

Read more

WHO warns up to 23m people could be affected by 7.8 tremor

byAFP
February 8, 2023, 1:20 am
0
8
Travel ban on 8 nations up; WHO warns of strain spread

Geneva—Up to 23 million people could be affected by the massive earthquake that has killed thousands in Turkey and Syria,...

Read more

Speaker slams agri traders to ‘moderate greed’

byMaricel Cruz
February 8, 2023, 1:10 am
0
8
Football legend Pele dies at 82, now eternal icon

Speaker Martin Romualdez on Tuesday urged “profit-hungry traders” manipulating or hoarding the supply and prices of agricultural products, particularly onions...

Read more

Jan. inflation hit 14-year high 8.7% as prices of basic needs soar

byJulito G. Radaand4 others
February 8, 2023, 1:00 am
0
8
ADB cuts ‘developing Asia’ growth forecast as China lockdowns bite

Inflation rose to its highest level in more than 14 years and showed no sign of easing in January, rising...

Read more

Labor group: Rising prices erode daily wage by P88

byVito Barcelo
February 8, 2023, 12:50 am
0
8
Wages up in Calabarzon, Davao

At least P88 has been eroded from the P570 minimum wage in Metro Manila due to the continuous rise in...

Read more

Print Edition

View More

Recent Posts

  • Sneakers for Makati : AB4.0
  • PH mission off to Turkey, Syria
  • It could happen here, too—Phivolcs
  • WHO warns up to 23m people could be affected by 7.8 tremor
  • Speaker slams agri traders to ‘moderate greed’
  • Jan. inflation hit 14-year high 8.7% as prices of basic needs soar
  • Labor group: Rising prices erode daily wage by P88
  • Omicron strain XBB1.5 here

Advertisement

Latest News

Jan. inflation hit 14-year high 8.7% as prices of basic needs soar

byJulito G. Radaand4 others
February 8, 2023, 1:00 am
0
8
ADB cuts ‘developing Asia’ growth forecast as China lockdowns bite

Inflation rose to its highest level in more than 14 years and showed no sign of easing in January, rising...

Read more

Labor group: Rising prices erode daily wage by P88

byVito Barcelo
February 8, 2023, 12:50 am
0
8
Wages up in Calabarzon, Davao

At least P88 has been eroded from the P570 minimum wage in Metro Manila due to the continuous rise in...

Read more

Omicron strain XBB1.5 here

byWillie Casas
February 8, 2023, 12:40 am
0
8
PH logs 2 Omicron cases

The Philippines has confirmed its first case of the coronavirus omicron subvariant XBB.1.5, which experts said causes the most transmissible...

Read more

PBBM to Pinoys: Pay correct taxes

byVince Lopez
February 8, 2023, 12:30 am
0
8
PBBM to Pinoys: Pay correct taxes

President Ferdinand Marcos Jr. on Tuesday encouraged Filipinos to pay the correct taxes critical to the government and moving the...

Read more

Palace reveals new appointees for OP, LWUA

byVince Lopez
February 8, 2023, 12:20 am
0
8
Vax wastage, infection surge feared in Odette-hit areas

Malacañang on Tuesday released the latest appointments in two departments under the administration of President Ferdinand R. Marcos Jr. Among...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App