Cebu biz leader warns: P200 wage hike could spell economic disaster

CEBU CITY, Philippines — A Cebu business leader has cautioned that implementing the P200 across-the-board legislated wage increase could lead to an economic disaster. Mark Anthony Ynoc, president of the Mandaue Chamber of Commerce and Industry, said the amount could result in closure and bankruptcies of businesses. READ Cebu-based group hails House approval of P200

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