"The minimum 13th month pay shall not be less than one-twelfth of the total basic salary earned by an employee within a calendar year," the advisory read. The computation is based on the formula ...
In the Philippines, the 13th-month pay is a highly anticipated benefit that many workers depend on to close out the year. Mandated by law, it provides much-needed financial support during the holiday ...
THE Department of Labor and Employment (DOLE) on Friday, November 22, 2024, said there will be no exemption to or deferment of the provision of the 13th month p ...
As the holidays approach, many Filipinos eagerly anticipate their Christmas bonus or 13th month pay. Here are some exciting ways to make the most of it: Before diving into new investments, consider ...
Imports added 1.7 percent on year to $54.3 billion, resulting in a trade surplus of $1.62 billion. Korea has been maintaining a trade surplus for 17 consecutive months. Exports of semiconductors ...