If the current trend is sustained, remittances from overseas Filipino workers (OFWs) this year may likely equal if not surpass the $17 billion registered last year, the Department of Labor and Employment (DoLE) said yesterday.
Labor Secretary Marianito Roque affirmed the projection even as the distinctive global preference for OFWs continues to complement the worldwide efforts to dispel the lingering effects of the global financial crisis.
Roque pointed to a report of the Bangko Sentral ng Pilipinas (BSP) that OFW remittances, underpinned by a steady global demand for OFWs reached $6.98 billion in the first five months. The five-month figure, averaging almost $1.4 billion per month, represents a growth rate of 2.8 percent compared to the level previously registered in the same period in 2008.
Earlier, a stronger-than-expected level reaching $16.4 billion in 2008, representing a growth rate of 13.7 percent compared to the figure in 2007, had been remitted by the OFWs to the country’s economy, at the same that global OFW deployment attained a new record level reaching 1,376,823 (up 27.8 percent) in 2008, compared to 1,077,623 in 2007.
Subsequently, preliminary figures furnished by the DoLE’s Philippine Overseas Employment Administration indicated that the growth trend had sustained, as the total global deployment of OFWs grew by another 27.3 percent to 283,348 in the first two months (January to February) of 2009, compared to the same period in 2008.
Roque said the global crisis’ effects had been counterweighed effectively by the strength of continuous DoLE bilateral missions, which assured continuing opportunities for OFWs, while activating interventions to dispel the crisis’ impact, and push back displacement in vulnerable overseas economies.
As a result of such bilateral efforts spurred by the country’s network of Philippine Overseas Labor Offices in strategic areas worldwide, the Labor chief said that RP had forged successful accords leading to increased opportunities for OFWs. –Mina Diaz, Daily Tribune
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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