European Union (EU) Ambassador to the Philippines Franz Jessen on Tuesday said foreign investors are more concerned about “red tape” in the country rather than increasing the daily minimum wage. ADVERTISEMENTLabor groups have called for a P750 nationwide daily minimum wage to help the workers cope with rising prices of fuel and basic goods. According to Jessen, foreign investors are more worried about red tape and the complex system of business licensing in the country. “In the context of the European Chamber, they don’t talk about the minimum wage.” he said. “Promoting international labor standards is about respecting labor rights and human rights,” ILO country director Khalid Hassan.

Source: Philippine Daily Inquirer June 05, 2018 09:00 UTC