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
January – ZERO WASTE MONTH
“Stop wasting our money.
Stop corruption!”
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
#Report Corruption #SearchPosts #TakePicturesVideos
January
24 Jan – International Day of Education
26 Jan – International Day of Clean Energy
Monthly Observances:
National Microinsurance Month
Zero Waste Month
Weekly Observances:
Week 1: National Time Consciousness Week
Week 3: National Mental Health Week
Last Week: Children’s Week
Daily Observances:
January 6: Community Development Day
Third Sunday: Children’s Day
Day of Sanctity and Protection of Human Life
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