by magnolia_eic | Dec 25, 2010 | Headlines
President Benigno S. Aquino III played Santa Claus to three lucky overseas Filipino workers
by awarding each of them P450,000 worth of cash and gift certificates upon their arrival at the
Ninoy Aquino International Airport last Monday afternoon.
Forty-one year old Gilbert Acebedo, Evangeline Escano, 33 and Myrna Pagkaliwagan, 39
were picked over other passengers onboard Qatar Airways flight QR-646 to win top prizes
under the Overseas Workers Welfare Administration’s program “Pamaskong Handog para sa
OFWs.”
The annual program, which honors the country’s new heroes has as its highlight
the “Presidential Pasalubong 2010” which allows the President to welcome groups of OFWs
arriving from Asia, Middle East, Europe or America to spend time with their respective
families this Christmas season.
This year’s theme, “Pamilyang OFW, Masayang Sama-Sama Ngayong Pasko,” hopes
to inculcate in the OFW communities the positive values of family orientation and social
consciousness in recognizing the contributions of OFWs to national development and
extending a helping hand to those who have less in life.
Acebedo, who hails from Tatalon in Quezon City has been working as a salesman for three
years while Escano, a native of Tayug, Pangasinan has been employed as a nurse for six
years. Pagkalinawan, who lives in Bucal, Batangas City has been working as a teacher for six
years. The three winners all work in Doha, Qatar. (PCOO)
by magnolia_eic | Dec 24, 2010 | Headlines
GIDUSO niadtong Martes ni Bise Presidente ug Presidential Adviser of Overseas Filipino
Wor-kers (OFWs) Concerns Jejomar Binay ang pagtukod og OFW Bank alang sa mas ubos
nga remi-ttance rate.
Sa iyang sulat alang kang Presidente Benigno Aquino III, niingon si Binay nga ang maong
OFW Bank maghatag og alternatibong pinansyal nga ekonomiya ug remittance institution
alang sa mga katawhan sa lokal ug apil na usab sa ubang nasud.
Matud pa ni Binay, ang maong lakang maoy ilang tubag sa pa-nawagan sa mga OFW
nga magtukod sila og kaugalingon nilang financial institution tungod kay kadaghanan
kanila giingong biktima sa mas taas nga remittance rates nga gipangayo sa mga financial
intermediaries ug money brokers.
Ang OFW Bank pagapondohan usab sa mga financial nga institution nga mahimong ibaligya
ug kontrolahon sa mga OFW investors ug stockhol-ders. (PIA-Bohol/ecb)
by magnolia_eic | Dec 23, 2010 | Headlines
Vice President Jejomar C. Binay, concurrent Presidential Adviser on OFWs Concerns, in a
recent letter to President Benigno S. Aquino III, has recommended the creation of a bank
especially for overseas Filipino workers (OFWs).
The Vice President said in his letter that having such a specialty bank “will provide an
alternative yet viable economic financial and remittance institution for our kababayans at the
local and international levels.”
Binay said OFWs themselves have long clamored for the creation of an OFW Bank, as
they claimed having been “victims of exorbitant remittance rates charged by financial
intermediaries and money brokers.”
He proposed that the OFW Bank be initially funded and underwritten by government financial
institution before it is sold to and controlled by OFW investors and stockholders after a period
of time. (PIA)
by magnolia_eic | Dec 1, 2010 | Headlines, National News
GISIGURO niadtong Lunes sa administrasyong Aquino nga adunay igong pondo kon
ipatuman ang evacuation sa mga OFW’s nga tua sa South Korea sa higayong mo grabe ang
sitwasyon.
Matud pa ni Budget Secretary Florencio Abad, adunay igong pondo nga gigahin sa panahong
kinahanglang ibakwit ang may 50,000 OFW’s nga naa sa Korea kon mo grabe ang sitwasyon
sa Korean peninsula.
Wala hinuon gibutyag sa kalihim sa Department of Budget and Management (DBM) ang
kantidad nga mamahimong gastuhon sa gobyerno kon ibakwit ang tanang mga OFW’s nga
naa sa Korea.
Dugang pa ni Abad, padayon ang pagtutok ni Presidente Benigno Aquino III sa panghitabo
sa Korean peninsula ug aduna nay naka-andam nga mga contingency plan kon kinahanglang
ibakwit ang mga Pinoy. (PIA)
by magnolia_eic | May 18, 2010 | Headlines, National News
REMITTANCES from Filipinos working overseas rose by 7% in the first quarter to $4.3 billion, the central bank or the Bangko Sentral ng Pilipinas said on Monday.
In March alone, money sent by Filipinos overseas went up by 5.6% from a year ago to $1.5 billion.
The central bank said money sent home in the first quarter grew on sustained and higher remittances by both land and sea-based workers.
The central bank said in a statement that prospects for global deployment of overseas Filipino workers remain positive, especially as employment opportunities are expected to rise along with clearer signs of global recovery.
Remittances, a major consumption driver, still come mostly from the United States, Canada, Saudi Arabia, Japan, Singapore, the United Kingdom, Italy and the United Arab Emirates.
The central bank had previously forecast remittances in 2010 to grow by 8%. In 2009, remittance inflows hit a record $17.3 billion. (PIA-Bohol)
