#CostaRica 🇨🇷 #BDS_LaborAlert: New Regulations to the Law Governing the Use of Vaping Devices Imposes Significant Obligations on Employers
On August 9th, the Regulations to Act No. 10066, Law on the Regulation of Electronic Nicotine...
Feb 9, 2024 10:30:00 AM
#Panama 🇵🇦 #BDS_LaborAlert: Minimum Wage Adjustment Published
On Wednesday, January 10, Executive Decree No. 1 dated January 10, 2024 was published, establishing the adjustment in minimum wages for the current year throughout the national territory.
According to this decree, the minimum wage increases will be as follows:
- 4.5% for all small-sized businesses.
- 6.0% for large-sized companies.
- 7.0% for banana companies.
These increases will be consistent across both regions of the country and will be effective from the second half of January, specifically starting January 16, 2024.
Upon publication of this decree, employers and workers alike will have certainty regarding the adjustments to be made. The Executive Decree that formalizes the new rates and outlines the corresponding hourly wages for each economic activity can be reviewed here (Spanish version).