iGlobal Law

Core Facts

• Population:  104M
• GDP:  USD 292 billion
• GDP per head:  USD  2,640
• Workforce:  39.5M
• Unemployment (2017):  6.6%
• Average monthly wages (2017):  USD 166

Regulatory

• Government debt:  42% of GDP
• Personal income tax:  32%
• Corporation tax:  33%
• World corruption ranking 2016:  101st Transparency International
• Ease of doing business ranking:  99th Business Freedom Index
• Labour law:  ILO Conventions ratified
• Data protection:  Not recognised by EU as having adequate protection

The 1987 Philippine Constitution recognises and guarantees the rights of workers to self organise, security of tenure, humane working conditions and a living wage. Much of these rights are dealt with in the Labour Code, the principal legislation governing labour law rights in the Philippines. It sets out the rules for hiring and termination of employees; the conditions of work including maximum work hours and overtime; employee benefits such as holiday pay, thirteenth month pay and retirement pay; and the guidelines in the organization and membership in labour unions, as well as collective bargaining.