Philippine President Vetoes Labor Bill Opposed By Businesses

Rodrigo Duterte on July 22.Photographer: Noel Celis/AFP via Getty Images
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Philippine President Rodrigo Duterte has rejected a measure that guarantees permanent employment to workers, his spokesman Salvador Panelo told reporters Friday.

Duterte departs from a campaign promise to end contractual jobs, a move that his economic managers and business groups warned will deter investors. The measure would have banned companies from subcontracting jobs and required them to get a license before hiring short-term employees.