CUBA TO HIKE MINIMUM WAGE 5-FOLD

HAVANA: Cuba will increase its minimum wage fivefold as part of reforms due to come into effect on January 1 as it unifies its two official currencies, the official gazette said on Friday (Saturday in Manila). The large-scale reform of salaries and pensions had been promised for years before President Miguel Diaz-Canel announced it late on Thursday. It will see the minimum wage increase from 400 to 2,100 pesos ($17 to $87.)