LTFRB is coordinating with public utility bus consortia for the next batch of payments.
This rate hike was also implemented outside of the regular policy meeting.
Check out what else the latest BSP survey reveals.
It's been back-to-back rate hikes as the peso depreciates to the 55-level against the US dollar.
All regions are slated to have a minimum wage increase and are expected to be implemented across the country by the end of this month.
The hourly basic rate is calculated by dividing the basic monthly rate by 22 working days and then dividing the quotient by eight hours.
With the alarming rise of hacking and other forms of cybercrime against individuals’ online banking and financial institutions, the BSP urges the public to safeguard their accounts.
Preparations for their registration are ongoing their application is now being processed; their gateway sites are being visited.
60% of Filipinos have less cash in their pockets, and 84 percent have considered becoming cashless by 2021.
A move to further liberalize the Philippine economy.