PIA Press Release
Wednesday, January 04, 2012
DOLE: 1.2 million jobs for 2012by Alice V. Sicat
QUEZON CITY, Jan. 4, (PIA) -- The Department of Labor and Employment targets to create 1.2 million jobs for the local employment this year. This was revealed by DOLE Spokesperson Nicon Fameronag during the Communication and News Exchange (CNEX) forum held at PIA, Wednesday.
Fameronag said the department encourages local government units all over the country to institutionalize public employment as a mechanism to facilitate job placement in the countryside.
In 2011, the DOLE spokesperson said, 2 million local jobs and 1 million overseas jobs were created. Moreover, he said that the year 2011 has been very prolific, despite the first quarter Middle East and North African crisis. He said this could be attributed to their full blast implementation of reforms in the agency.
To date, at least 177 Overseas Filipino Workers (OFW) who came home from Middle East and North Africa availed of the projects offered in the National Reintegration Program. This program was allocated with a P2 billion-fund to provide loans to OFWs which they could use as an initial capital in starting a business. Fameronag said the loan comes with a very low annual interest rate of 7 percent, collateral-free and without conduit.
Fameronag is a guest in today's CNEX Forum, aired live over Peoples Television Network (PTV4) and DZRB Radyo ng Bayan. (AS/PIA-GHQ)