Your Morning Fix

• The Department of Information and Communications Technology (DICT) plans to nearly double its budget for 2026, increasing it from PHP 17 billion to fund connectivity projects and IT skills development.
• The Department of Finance (DoF) and 38 other government agencies have formalized the Investment Facilitation Network (INFA-Net) to streamline investment approvals and reduce bureaucratic delays.
• The House of Representatives has approved House Bill No. 11376, mandating a PHP 200 across-the-board minimum wage increase for private sector workers—the first legislated wage hike since the late 1980s.
• The Bank of Canada kept its key rate at 2.75%, citing US trade policy concerns, but signaled a possible cut if the economy weakens.
• US private employers added only 37,000 jobs in May, the lowest in over two years, amid economic uncertainty from the Trump administration’s tariffs.