Big business heeds President’s call to avoid lavish Christmas parties

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MANILA, Philippines — Big business heeded the call of President Ferdinand Marcos Jr. to avoid lavish Christmas parties and instead give the money to their employees as additional incentives.

“A lot of our member companies will give the money to their employees as an additional benefit rather than spend it on extravagant parties,” said Sergio Ortiz-Luiz, president of the Employers Confederation of the Philippines (ECOP).

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