Connect with us

Hi, what are you looking for?

Economy

DoLE stops taking applications for worker aid program

THE Department of Labor and Employment (DoLE) said it will stop accepting applications for a financial-assistance program for formal-sector workers, after hitting its quota for the number of potential beneficiaries.

In a statement Thursday, the DoLE said it reached its target level for prospective beneficiaries for the COVID Adjustment Measures Program (CAMP).

“As of Dec. 8, a total of 1,462,350 workers from 36,355 establishments have applied for CAMP, exceeding by more than 2,000 workers the number of target beneficiaries of the program,” the DoLE said.

Under the Bayanihan to Recover as One Act (Bayanihan II), DoLE was allocated P4 billion for CAMP, a one-time financial aid program for workers affected by the COVID-19 pandemic.

Labor Secretary Silvestre H. Bello III asked the Department of Tourism to expedite the CAMP applications of workers in the tourism industry. The tourism workers have a separate allocation.

“May we request that the issuance of accreditation for CAMP applicants from DoT Regional Offices be fast-tracked to improve our utilization of funds allocated to the tourism sector. Pending DoT’s accreditation process, this Department will continue to process the applications of all tourism-related sectors,” Mr. Bello said in a letter addressed to Tourism Secretary Bernadette Romulo-Puyat Thursday.

As of Tuesday, 61,953 workers from 1,917 tourism establishments applied for the special CAMP, or only 10% of the program’s targeted beneficiaries of more than 600,000. — 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Your email address will not be published.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

By Diego Gabriel C. Robles THE Philippine economy expanded by 7.4% in the second quarter — slower than expected — as rising inflation weighed...

Economy

By Abigail Marie P. Yraola, Researcher THE Philippines’ merchandise trade deficit hit another record in June as imports continued to outpace exports despite a...

Economy

THE National Government’s (NG) outstanding debt as a share of the gross domestic product (GDP) eased to 62.1% at the end of June. Data...

Economy

By Keisha B. Ta-asan SOURED LOANS held by Philippine banks fell for a fourth straight month in June, bringing the nonperforming loan (NPL) ratio...

Economy

Smart says third telco player’s PCC complaint meant to avoid liability By Arjay L. Balinbin, Senior Reporter GLOBE Telecom, Inc. on Tuesday said it...

Economy

DMCI Holdings, Inc. reported on Tuesday that its second-quarter consolidated net income went up by 73% to P9.03 billion from P5.23 billion, driven by...

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.