AMENDING PRESIDENTIAL DECREE NO. 928 FOR THE PURPOSE OF ADJUSTING EXISTING STATUTORY MINIMUM WAGES.

• Number: Presidential Decree No. 1389
• Sections: 4

Preamble

WHEREAS, the National Tripartite Conference on Wages,

Employment and Labor Relations held in Tagaytay City on 25-27 May 1978 has

recommended the non-inflationary and early upward adjustment of existing

statutory minimum wages in the country;

WHEREAS, the same Conference has urged the implementation of

its recommendation taking into consideration the imperatives of development,

cost of living, productivity, employment, balance of payments, price stability,

the competitiveness of Philippine products in the world market, and industrial

peace;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the

Republic of the Philippines, by virtue of the powers vested in me by the

Constitution, do hereby decree the following:

Section 1

SECTION 1. Presidential Decree 928 is hereby amended by

increasing all existing statutory minimum wages in the country by THREE PESOS

(P3.00) spread equally over a period of three years, as follows: 1) ONE PESO

(P1.00) starting July 1, 1978; 2) ONE PESO (P1.00) starting May 1, 1979; and 3)

ONE PESO (P1.00) starting May 1, 1980.

Section 2

SECTION 2. Employment-intensive cottage industries engaged

in the manufacture of local raw materials primarily for export shall be exempted

from this decree during the first three years of its operations.

Section 3

SECTION 3. The Secretary of Labor shall promulgate rules and

regulations for the effective implementation of this decree.

Done in the City of Manila this 29th day of May 1978.

(Sgd.) FERDINAND E. MARCOS

President of the

Philippines

By the President:

(Sgd.) JUAN C. TUVERA

Presidential Assistant