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Sunday, June 15, 2008

  

Microfinance institutions
can facilitate remittances

Microfinance refers to the provision of financial services to low-income clients, including the self-employed. It also refers to a movement that envisions “a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit, but also savings, insurance, and fund transfers.”

Microfinance institutions can take the form of cooperatives and other self-help groups, rural banks, and small economic formations. They are now emerging as remittance channels and can effectively play this role, as they are present in many rural areas and poor people’s enclaves.

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O T H E R   R E P O R T S

 

Senate President Manny Villar is joining the call of migrant worker support groups for the government to vigorously pursue the case of a 24-year-old Filipina who died, and is feared murdered, in Saudi Arabia.

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A Filipino seaman is to return home after he was rescued after he jumped into the Mediterranean Sea after a fight with another Filipino seafarer.

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More than a dozen Filipino associations in Taiwan and the Manila Economic and Cultural Office (MECO) are holding today the biggest Independence Day celebration ever to be staged in Taipei, a top MECO official said.

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SAN ANTONIO, Zambales: Foreign shipping companies need more Filipino seafarers to address the looming crisis brought about by the shortage of manpower in international maritime industry, according to Transportation and Communications Secretary Leandro Mendoza.

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IMMIGRATION SOLUTIONS
By Atty. Robert L. Reeves

The USCIS just announced that starting June 16, it will allow certain I-140 immigrant visa petitions to be accepted by its premium processing units. The expedited processing will allow an I-140 to be approved in 15 calendar days or less. The USCIS is limiting the I-140 premium processing to H-1B workers who are nearing the end of their sixth year in H-1B status.

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