DOLE Philippines sets pay rules for August 21 and 26 holidays
By ,
Agencies
The Department of Labour and Employment (DOLE) has released pay guidelines for two upcoming holidays: Aug. 21 ( Ninoy Aquino Day ) and Aug. 26 ( National Heroes Day ).In Labour Advisory No. 9, Labor Secretary Bienvenido Laguesma clarified that Aug. 21 is a special non-working day , where the 'no work, no pay' rule applies unless company policy, practice, or a collective bargaining agreement grants payment. Employees who work that day must be paid an additional 30% of their basic wage for the first eight hours, and an extra 30% of the hourly rate for overtime. If the day also falls on an employee's rest day, pay increases to an additional 50% of the basic wage for the first eight hours, plus 30% of the hourly rate for overtime.Aug. 26 is a regular holiday, entitling employees who work to 200% of their daily wage for the first eight hours, with an additional 30% of the hourly rate for overtime. If the regular holiday coincides with a rest day, workers are entitled to an extra 30% of the 200% rate, and a further 30% for overtime hours.DOLE urged employers to ensure compliance with the holiday pay computation rules to protect workers' rights and avoid disputes. The guidelines are intended to provide clarity for payroll processing and ensure fair compensation for holiday work.
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The theme also speaks to the central challenge of Powell's term: how to navigate structural changes in the economy while fulfilling the Fed's dual mandate of price stability and maximum employment. Steering monetary policy in the face of political hostility has become a parallel challenge this year. President Donald Trump, whose second term began on Jan. 20, has berated Powell for the Fed's failure to cut interest rates, calling him a 'stubborn MORON" and 'Too Late." Trump has also accused Powell of mismanaging the $2.5 billion renovation of the Fed's Marriner S. Eccles building in Washington, D.C., and suggested firing the Fed chair before his term ends. The White House is already vetting potential replacements, focusing on candidates willing to cut rates quickly and, in some cases, restructure the Fed. 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Reciprocal tariffs on U.S. imports, which the White House has imposed in stages this year, are 'likely to generate a rise in inflation, a slowdown in economic growth, and an increase in unemployment," Powell has said. Trump and his advisors notably disagree. In Powell's view, tariffs complicate every decision the Fed might make from here. Cut rates too aggressively and risk fueling inflation. Hold rates steady at current levels and risk further erosion in job growth and higher unemployment. All of this should make for a 'live," or undecided meeting when the Federal Open Market Committee, the Fed's policy arm, convenes again on Sept. 16-17. 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Time of India
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Time of India
12-08-2025
- Time of India
DOLE Philippines sets pay rules for August 21 and 26 holidays
Advt By , Agencies The Department of Labour and Employment (DOLE) has released pay guidelines for two upcoming holidays: Aug. 21 ( Ninoy Aquino Day ) and Aug. 26 ( National Heroes Day ).In Labour Advisory No. 9, Labor Secretary Bienvenido Laguesma clarified that Aug. 21 is a special non-working day , where the 'no work, no pay' rule applies unless company policy, practice, or a collective bargaining agreement grants payment. Employees who work that day must be paid an additional 30% of their basic wage for the first eight hours, and an extra 30% of the hourly rate for overtime. If the day also falls on an employee's rest day, pay increases to an additional 50% of the basic wage for the first eight hours, plus 30% of the hourly rate for 26 is a regular holiday, entitling employees who work to 200% of their daily wage for the first eight hours, with an additional 30% of the hourly rate for overtime. If the regular holiday coincides with a rest day, workers are entitled to an extra 30% of the 200% rate, and a further 30% for overtime urged employers to ensure compliance with the holiday pay computation rules to protect workers' rights and avoid disputes. The guidelines are intended to provide clarity for payroll processing and ensure fair compensation for holiday work.
