LIST: Rate, contribution hikes expected in 2024

LIST: Rate, contribution hikes expected in 2024

LIST: Rate, contribution hikes expected in 2024

Higher payments, costs, and charges of contributions await Filipinos as the brand new 12 months ushers in, in keeping with a “24 Oras” report.

Quoting the monitoring by GMA Integrated News Research, the report stated the next could implement charge will increase in 2024:

– Manila Water Company Inc. and Maynilad Water Services Inc.
In December 2023, the Metropolitan Waterworks and Sewerage System (MWSS) stated it authorised charge hikes of Manila Water and Maynilad efficient 2024.
MWSS Regulatory Office chief regulator Patrick Lester Ty stated the changes that might be carried out — a mean starting from P6.41 to P7.87 per cubic meter (/cu.m.) — beginning January 2024 take into accounts inflation, in addition to the spending program undertaken by the water concessionaires.

-Liquefied Petroleum Gas (LPG)

Households must pay extra for LPG this 12 months, as corporations introduced an upward adjustment to mirror the motion in worldwide contract costs.
In an advisory, Petron Corp. stated it’ll improve LPG costs by P3.40 per kilogram, efficient 12:00 p.m. on Monday, Jan. 1, 2024.

-MRT3
The Metro Rail Transit Line 3 (MRT3) is ready to lift its fares beginning in 2024, with the federal government saying the transfer is critical to finance the bills required for the rail line’s operations.
Once carried out, the minimal fare of the MRT3 could be elevated from the present P13 to P16, whereas an end-to-end journey from North Avenue to Taft Avenue station would go up from P28 to P34.

-PhilHealth
The scheduled improve is predicated on the Universal Health Care Law, which mandated hikes within the PhilHealth contribution charge till it reached 5% by 2024.

-Pag-Ibig
The Home Development Mutual Fund or Pag-IBIG Fund is all set to implement the deferred improve in members’ contributions beginning January 2024.
The anticipated premium hike this 12 months will lead to a most contribution of P200 for the member and one other P200 for the employer.

-Expected improve in costs of some gadgets following a petition from producers earlier than the Department of Trade and Industry.

Economist Emmanuel Leyco stated the looming hikes will additional burden the strange Filipinos.

“Inflationary ang mga pagtaas ng presyo. Halimbawa, pagtaas ng contribution ng PhilHealth, karaniwan na tatamaan nyan, na talagang makakaramdan, ay yung pangkaraniwang empleyado,” he stated.

“Ang inflation ng mayaman ay iba sa inflation ng mahirap. Kung mayaman ka hugot ka sa kabilang bulsa pero kug ikaw ay pangkaraniwang mamayan ramdam ng sikmura ang pagtaas ng presyo ng bilihin,” Leyco added. —LDF, GMA Integrated News
 

Source: www.gmanetwork.com