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Posts Tagged ‘Department of Labor

Overseas Filipino Workers Can Loan Up To 2 Million Pesos Payable in 7 Years

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Filipino Migrant workers in Hongkong

The Macau Daily Times recently reported that Overseas Filipino Workers (OFW) working in area are now eligible to borrow from 300,000 Pesos up to 2 million Pesos with a fixed interest rate of 7.5 percent per annum. This program is a joint effort of the Department of Labor and Employement (DOLE), the Overseas Workers Welfare Administration (OWWA), the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines. This special loan program is open to all migrant and overseas Filipinos legally working abroad.

Eligibility rules require the applicant to have a net monthly income of no less than 10,000 Pesos and has made at least one contribution to OWWA. Approved applicants have seven years to pay the loan.

Source: Macau Daily Times

Photo by dying_of_the_light at Flickr.com

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Hundreds of USA-based Filipino Teachers May Lose Their Jobs Soon

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The Philippine Embassy in Washington DC

Photo by gian_uy at Flickr.com

At least 200 Filipino teachers of the Prince George’s County Public Schools (PGCPS) in DC are in grave danger of losing their jobs following the decision of the US Department of Labor to bar it from hiring Filipino and other foreign teachers for two years.

Unless US-based Philippine Educators Network are able to find legal relief, the affected teachers have no choice but to return to the Philippines or to look for other sponsors, which is not easy.

Since the department decision still has to be approved by an administrative law judge, the Filipino educators are planning to appeal their case.

Read more at Inquirer Global Nation

Written by Raffy Pekson II

July 16, 2011 at 6:42 pm

The Effect of President Noynoy Aquino’s U.S. Trip on Philippine Jobs

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As the new Philippine president brings a loot of promises in foreign direct investments from his recent United States visit, the Department of Labor and Employment has issued a statement there are 40,000 job openings within the next three years as a result of Noynoy’s trip.

These job openings specifically call for the following positions: call center agent, customer service assistant, technical support staff, fork lift operator, accounting clerk, mechanical engineer, sales clerk, driver, cashier and production worker.

Notice that “Nursing” is not part of it despite many of the country’s student population are still taking up that degree which is not anymore in demand in First World countries. A re-training of out-of-work nurses will definitely be a must if they would like to compete for those 40,000 new job openings.

Source: ABS-CBN News

Photo by noynoy aquino at Flickr.com