When sending cash remittances or wire transfer to a bank account in the Philippines (such as BDO, BPI, Metrobank, Landbank, DBP, etc.), you’ll surely need … Read More
Filipinos working abroad, also known as Overseas Filipino Workers (OFW), do not lose their basic rights as citizens of the Philippines despite working and being physically present in another country.
President Noynoy Aquino recently announced that he is instructing the Overseas Workers Welfare Administration (OWWA) to set aside P1 billion (US$23.5 million) as “reintegration fund” from which returning Overseas Filipino Workers (OFWs) can borrow money.
The goal is definitely noble but it is our hope that the loans program be managed efficiently so that it won’t be a losing venture for the government. Some OFWs do need financial support upon their return and providing access to business capital is a big help towards convincing them to stay permanently.
Good news to all Overseas Filipino Workers (OFWs)!
All OFWs are now exempted from paying documentary stamp taxes (DST) on remittances, travel tax, and airport fee as the new Migrant Workers Act or Republic Act 10022, recently lapsed into law without President Gloria Macapagal-Arroyo’s signature.
The Philippine Peso might reach P41.50 to the dollar by end-2007, and can further appreciate to P37.50 next year, according to CitiGroup Inc. The global … Read More
According to a GMANews.tv report, as much as 20,000 jobs are waiting for Filipinos in Guam, a United States territory, in the next 3 to … Read More
