Connect with us

Hi, what are you looking for?

Economy

DoLE worker-aid funds now mostly distributed to regional offices

SOME 93% of the funds designated for distribution as worker aid by the Department of Labor and Employment (DoLE) has been disbursed to DoLE regional offices, the Labor department said.

In a briefing Monday, Labor Undersecretary Renato L. Ebarle said most of the funds provided by the Bayanihan to Recover as One Law (Bayanihan II) have been disbursed to the regions offices. It expects complete payout of the aid by next week to all beneficiaries.

“We have downloaded 93% of the P16.4 billion for aid and it is with the regional offices,” he said.

The funds support the DoLE’s employment assistance programs such as the Abot Kamay ang Pagtulong (AKAP), the COVID-19 Adjustment Measures Program (CAMP), and the Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers (TUPAD).

He said P560 million for AKAP and almost P1 billion for CAMP have been disbursed to beneficiaries.

“We are confident we will disburse (P16.4 billion) amount by Dec. 18,” he said.

CAMP will provide one time cash assistance of up to P8,000 to employees from the formal sector affec ted by the COVID-19 crisis. TUPAD is a 15-day emergency employment program for informal workers which will be based on the minimum wage of the various regions.

AKAP provides P10,000 in cash assistance to overseas Filipino workers who were retrenched because of the pandemic. — Gillian M. Cortez

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Federal Land, Inc. celebrates five decades of solid commitment to property development By Adrian Paul B. Conoza Philippine business visionary Dr. George S.K. Ty’s...

Economy

APPROVED foreign investment pledges more than doubled in the second quarter from a year ago, as the Philippine economy continued to reopen amid looser...

Economy

By Abigail Marie P. Yraola, Researcher APPROVED foreign investment pledges more than doubled in the second quarter from a year ago, as the Philippine...

Economy

PRESIDENT Ferdinand R. Marcos, Jr. is looking into the possibility of allowing food manufacturers to directly import sugar amid tight domestic supply and high...

Economy

By Alyssa Nicole O. Tan, Reporter A SENATOR raised the possibility of legalizing the commercial importation of secondhand garments amid the proliferation of stores...

Economy

DESPITE the president’s protectionist pronouncements, the Marcos administration will likely continue to pursue economic liberalization, analysts said. This, despite concerns over local firms’ competitiveness...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Economy

Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...

Investing

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...

Investing

Instagram still holds the top spot for social media in terms of building brand reputation and expanding business potential. Every day, more and more...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.