Renewed Houthi attacks in the Red Sea are seen aggravating oil price- and supply-driven inflation pressures in the Philippines stemming from the ongoing war in the Middle East. “While the direct effect of renewed strikes on shipping in the Red Sea on aggregate world trade is likely to be limited,...
Singapore-based United Overseas Bank Ltd. (UOB) expects the Bangko Sentral ng Pilipinas (BSP) to keep key interest rates unchanged this year, despite rising risks to growth and inflation from the ongoing war in the Middle East. “Amid persistent uncertainty over the Middle East conflict, we expect...
State-run pension fund Social Security System (SSS) has reassured its members in the Middle East that they can continue accessing benefits and services through its digital platforms, even amid escalating regional conflicts. SSS President and Chief Executive Officer (CEO) Robert Joseph M. de Claro...
The Senate has approved on third and final reading a bill seeking to provide overseas Filipino workers (OFWs) and their families with free financial literacy education to protect their earnings and promote economic security. Sen. Raffy Tulfo, who chairs the Committee on Migrant Workers, thanked...
The Senate has approved on third and final reading the bill seeking to protect overseas Filipino workers’ (OFWs) remittances by requiring transparency in fees and foreign exchange rates. Sen. Joel Villanueva, sponsor of Senate Bill No. 1917, otherwise known as the Overseas Filipino Workers’...
Senator Raffy Tulfo welcomed the Senate 's approval on second reading of the “Free OFW Financial Literacy Education Act” or Senate Bill (SB) No. 1910 on Wednesday, March 11. Tulfo, principal sponsor and one of the authors of SB No. 1910, said the timely bill provides for free financial...
Senator Raffy Tulfo is pushing for the immediate passage of his proposed Senate Bill No. 1839, also known as the “Bagong Balikbayan Act,” which aims to provide overseas Filipino workers (OFWs) with opportunities to sustainably rebuild their livelihoods upon returning to the Philippines. Tulfo,...
The Department of Labor and Employment (DOLE) has introduced a digital payment system that streamlines fee transactions and ensures faster, safer payments for clients in the Philippines and abroad. DOLE said the system provides instant payment confirmation, speeds up processing, and guarantees...
President Marcos has directed all government agencies to help in the call for nominations for the 2026 Presidential Awards for Filipino Individuals and Organizations Overseas (PAFIOO). “All government agencies and instrumentalities, including government-owned or -controlled corporations, are...
Vice President Sara Duterte has called on the government to strengthen its support for overseas Filipino workers (OFWs) and ensure that their rights are being protected. In a video message for the Overseas Filipino Month on Saturday, Dec. 6, the Vice President honored the valuable contributions of...
Job seekers can apply for 7,092 local and overseas positions at the Department of Labor and Employment (DOLE) 92nd anniversary job fair on Dec. 1 at the Pasay City Astrodome. The DOLE said the event, held in partnership with the Pasay City Government, aims to connect Metro Manila workers with...
Senator Joseph Victor "JV" Ejercito has urged the Department of Migrant Workers (DMW) to improve and build more temporary shelters for distressed workers abroad and to expand mental health interventions as the Senate continues its budget deliberations. He made this call as he pushed for stronger...
