OFWs in Taiwan to get 5% wage increase in 2017

OFWs in Taiwan.

OVERSEAS Filipino workers (OFWs) in Taiwan will get 5.0 percent increase in their wages starting Jan. 1, 2017, an official of the country’s representative office in Taiwan said.

Manila Economic and Cultural Office (MECO) Chairman of the Board Angelito Banayo told the Philippines News Agency in a chance interview during the 105th National Day Reception of Taiwan at the Sofitel Philippine Plaza Manila that the government of Taiwan had finalized two weeks ago the 5.0-percent hike in minimum wage.

“Starting January 1, there will be 5.0 percent increase in salaries for all our OFWs. This is good news,” said Banayo.

Early last month, the Minimum Wage Review Committee of Taiwan’s Ministry of Labor passed a resolution hiking the monthly minimum wage in Taiwan.

Current monthly minimum wage in Taiwan is at NT$ 20,008 or around PHP30,771.

“Starting 2017, it will be NT$ 21,009 or an increase of NT$ 1,001 equivalent to roughly PHP1,500 per month,” the MECO chair added.

There are around 135,000 OFWs in Taiwan mainly working in sectors of information and communication and optical products, according to Taiwan Economic and Cultural Office here.

Data from the Bangko Sentral ng Pilipinas showed that remittances from Taiwan in January to July this year amounted to USD166.9 million, an increase of 15.3 percent from USD144.7 million in the same period last year.

— Philippines News Agency