Connect with us

Hi, what are you looking for?

Economy

Nationwide round-up (01/17/21)

Over 410,00 overseas workers have returned home

MORE than 410,000 overseas Filipino workers (OFWs) who have returned to the country due to the global economic impact of the coronavirus pandemic are back to their home provinces, the Department of Labor and Employment (DoLE) reported. In a statement on Sunday, DoLE said data from the Overseas Workers Welfare Administration (OWWA) show that over 8,000 OFWs were sent home last week alone. “Total repatriates who have undergone quarantine and were cleared of COVID-19 (coronavirus disease 2019) stood at 410,211 as of January 16,” the department said. DoLE started its program of assisting repatriated OFWs transit back to their home provinces last May 2020. The labor department said it expects more OFWs to fly back to the Philippines as the COVID-19 pandemic continues to affect economies worldwide. Around 60,000 to 80,000 are expected to be repatriated this year based on compiled data of its labor offices around the globe. “Those awaiting repatriation form part of the over 520,000 OFWs displaced by the COVID pandemic that continues to plague economies around the globe, the DoLE said. There are about 2.2 million OFWs, based on the Philippine Statistics Authority’s (PSA) 2019 survey. — Gillian M. Cortez

Housing sector group formed to strengthen drive vs scammers

A GROUP with representatives from both government and the private sector has been formed to review existing policies and recommend new guidelines to prevent scammers in the housing industry. Housing Secretary Eduardo D. Del Rosario, in a statement on Sunday, said the technical working group (TWG) led by Undersecretary Meynardo A. Sabili will “institutionalize the department’s intensified drive against real estate scammers through a Joint Memorandum Agreement on Anti-Illegal Real Estate Practices.” Industry stakeholders and other concerned government agencies will be part of the TWG. “We need to put a stop to these illegal activities through institutionalized pro-active efforts in collaboration with our stakeholders, national and local government units, law enforcement agencies, including legitimate developers, who are also victims of these scammers,” Mr. Del Rosario said. “We should be relentless in our campaign to protect home buyers and legitimate workers in the real estate industry,” he added. Under Presidential Decree 957, no real estate dealer, broker and salesperson are allowed to engage in the business of selling subdivision lots or condominium units without registration from the Department of Human Settlements and Urban Development (DHSUD). MSJ

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 and our affiliates. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

MORE than half of students in the Philippines consider temporarily dropping out of school until the coronavirus pandemic ends mainly due to difficulties in...

Economy

The Public Works department has ramped up the completion of projects such as the Sta. Monica-Lawton Bridge also known as the Kalayaan Bridge. —...

Economy

THE BUREAU of the Treasury (BTr) raised its planned borrowings from the local market to P235 billion in July, as it seeks to offer...

Economy

By Jenina P. Ibañez, Reporter MANILA is the 78th most expensive city for expatriates to live in according to Mercer’s 2021 Cost of Living...

Economy

LOCAL GOVERNMENT UNITS (LGUs) could boost their real property tax (RPT) collection by P113.4 billion with the implementation of a project that will digitize...

Economy

THE Department of Energy (DoE) has ordered National Grid Corp. of the Philippines (NGCP) to speed up the acquisition of the required ancillary services...

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...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Economy

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

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.

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 and our affiliates. Remember that you can opt-out any time, we hate spam too!