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Sunday, February 24, 2008 |
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OFWs can avail of DBP hedging facility
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THE government-owned Development Bank of the
Philippines (DBP) has already covered some $5 million in remittances
from overseas Filipino workers (OFWs) who availed of the bank’s
hedging facility designed to protect the workers’ earnings from
erratic peso-dollar exchange rate.
“So far, we were able to cover some $5 million
based on a minimum annualized basis of $1,000. Most of our OFWs earn
more than $1,000,” former labor secretary and now DBP Chairman
Patricia Sto. Tomas told The Manila Times.
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O T H E R R E P O R T S
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Seafarer’s family wins award
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“Our family is simple, but overflowing with
love. Our house is not just a home, but our paradise.”
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Embassy in Turkey holds migration seminar
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Some 70 members of the Filipino migrant community in Ankara, Turkey,
participated in a forum on migration organized by the Philippine
Embassy on February 10 at the Philippine Embassy in Turkey.
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Stranded OFWs in Jeddah to
govt: Send us home
quick, no voluntary repatriation
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Workers stranded at the Philippine Consulate in Jeddah have asked
Philippine officials to find a diplomatic solution and get them
repatriated.
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OWWA: Saipan OFWs top funders
of program for poor kids
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Saipan-based overseas Filipino workers (OFW), groups and companies
are the top sponsors of the scholarship program administered by the
Overseas Workers Welfare Administration.
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