“I have discussed with [The Joint Foreign Chambers of the Philippines] my Plan 1k7k – increase the minimum wage to P1,000 by reducing energy costs to P7/kilowatt-hour. That level of wage will allow workers to invest 35% of their earnings in pension, health insurance, and housing, which will create a new middle class in the country,” Salceda explained.
In addition, Salceda said that the government should come up with a plan to boost renewable energy investments which will result in even more investments in other sectors. Salceda said there was also a need to review whether the Foreign Investments Negative List law still needed to be amended to truly allow renewable energy investments to come in.
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