The government has set aside P1 billion ($22.7 million) for the “reintegration” of returning overseas Filipinos in their home country, President Benigno Aquino 3rd said on Monday.
Dubbed as the “reintegration fund,” President Aquino said that the money will be part of a loan program for the Filipinos who have worked abroad and are preparing to come home.
The loan will be offered at a low interest rate and is meant to create an alternative livelihood opportunity for returning overseas Filipino workers (OFWs), the President added.
He said that his administration will push for improvement of skills of OFWs on financial literacy and money management, among others that will help them manage their finances.
The government said that about 300 Filipinos leave for abroad daily in the hope of getting better jobs.
Currently, money sent home by the overseas Filipinos accounts for a 10th of the country’s gross domestic product, the total value of goods and services produced in a country in a year. –XINHUA
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
June 6: Migrant Workers Day
June 19: Filipino Youth Day
June 25: Day of the Filipino Seafarer
