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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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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