However, even if major firms raise their base pay to a reasonable degree, the rate of increase in scheduled cash earnings within the overall economy could diverge from that in the base pay of these firms. Here are some of the reasons.
Ladies and gentlemen, this means that the Philippines has achieved 68 quarters of uninterrupted or sustained economic growth. This brought the average full year economic growth of the Philippines to 5.8% in 2015, among the highest in Asia after India, China and Vietnam.