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Article (news)

Benise Balaoing

ABS-CBN News

<p>MANILA -- The Financial Executives of the Philippines (FINEX) said the P85 minimum wage hike will immediately provide relief for workers, but stressed that higher wages need to be supported by lower input costs and the cost of doing business.</p><div><a href="https://www.abs-cbn.com/news/business/2026/6/30/labor-chief-announces-historic-p85-day-wage-hike-in-metro-manila-1127">Labor chief announces &#x27;historic&#x27; P85/day wage hike in Metro Manila</a></div><p>In a statement, the group said that reducing red tape, streamlining permitting processes, and accelerating digitalization can help businesses become more productive and competitive.</p><div><a href="https://www.abs-cbn.com/news/business/2026/6/30/-barya-barya-labor-groups-lawmakers-slam-p85-day-wage-hike-in-metro-manila-1557" rel="noopener noreferrer" target="_blank">‘Barya-barya’: Labor groups, lawmakers slam P85 wage hike in Metro Manila</a></div><p>&quot;Equally important are measures to lower major input costs, particularly electricity, logistics, and transportation, which continue to weigh heavily on Philippine enterprises and consumers alike,&quot; it said.</p><p>The group also urged the government to attract more foreign direct investments and improve investor confidence. </p><p>&quot;Greater investment expands productive capacity, creates quality jobs, introduces new technologies, and raises productivity—the most sustainable foundation for higher wages and improved living standards,&quot; FINEX said.</p><p>&quot;Wage increases are most effective when supported by productivity gains, a competitive business environment, and policies that lower the structural cost of doing business,&quot; the group noted.</p><div><a href="https://www.abs-cbn.com/news/business/2026/7/13/first-tranche-of-p85-minimum-wage-hike-to-take-effect-on-july-25-1222" rel="noopener noreferrer" target="_blank">First tranche of P85 minimum wage hike to take effect on July 25</a></div><p>Malacañang on Tuesday said the wage hike is <a href="https://www.abs-cbn.com/news/business/2026/7/21/no-suspension-of-wage-hike-malaca-ang-confirms-1823" rel="noopener noreferrer" target="_blank">pushing through</a>, after stressing that there is no request from the private sector to suspend the wage hke.</p><div><a href="https://www.abs-cbn.com/news/business/2026/7/14/with-minimum-wage-going-up-by-p85-a-day-here-s-how-to-make-sure-you-actually-feel-richer-1320" rel="noopener noreferrer" target="_blank">With minimum wage going up by P85 a day, here&#x27;s how to make sure you actually feel richer</a></div>

<p>A business group stressed that wage hikes need to be supported by lower input costs and the cost of doing business.</p>

A business group stressed that wage hikes need to be supported by lower input costs and the cost of doing business.

Wage hikes should come with lower input costs, cost of doing business: FINEX

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Wage hikes should come with lower input costs, cost of doing business: FINEX

Benise Balaoing,

ABS-CBN News

Published July 22, 2026 02:22 PM PHT

Read More:

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