Under the leadership of the Landbank the government is offering investment instruments for OFWs, including the OFW bonds. The Development Bank of the Philippines and HSBC will also take part in the initiative to help OFWs.
The long term instruments will enable the OFW's to invest in pesos and earn high yields over a 5 year period. The said investment vehicles will be exempted from taxes.
This long term instruments will hopefully help OFW's cope with the rapidly declining value of the US dollar.
MORE INFO IN THIS LINK
Showing posts with label OFW's. Show all posts
Showing posts with label OFW's. Show all posts
Thursday, January 17, 2008
Monday, December 10, 2007
MORE OFW'S WANTED IN ITALY
Call it brain drain or whatever you may want to. But since I was born, I've never really seen life improve in this country. So for those wanting to increase their success probabilities, go and find your fortune, my sons!
From its quota of 3,000 which was alloted on 2006, Italy has given the Philippines an additional 2,000 making the new total of 5,000 Pinoy OFW's that will be allowed for 2008. The employees which will be allowed covers
From its quota of 3,000 which was alloted on 2006, Italy has given the Philippines an additional 2,000 making the new total of 5,000 Pinoy OFW's that will be allowed for 2008. The employees which will be allowed covers
- Caregivers
- Construction
- Domestic helpers and
- Dependent work in general.
The ambassador to Italy says,:
The PDI added,
"The application of the interested employees is done through the Internet.
Interested employers may use their own personal computers or avail of the services, for free, of the accredited employers associations, and labor unions in order to submit requests to accede to the established quota."
"Filipinos can now enter other work sectors in Italy aside from domestic work as long as there are employers willing to hire them."
The PDI added,
"The application of the interested employees is done through the Internet.
Interested employers may use their own personal computers or avail of the services, for free, of the accredited employers associations, and labor unions in order to submit requests to accede to the established quota."
Monday, October 15, 2007
MOST DEPRESSING JOBS: This is one reason why I take offense when people speak badly of the OFW's
The Philippines export a number of health care workers very year. These nurses, doctors, caregivers, domestic helpers and other types of people have to bear the pain of distance, bullshits of their bosses, racial discrimination and other inconvenience in order to send money back to their families in the Philippines. Added to that is the fact that a lot of them are employed in depressing conditions.
Please watch the video.
Please watch the video.
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