Gov't allocates P1-billion livelihood support fund for displaced OFWs
by T. Villavert
Iloilo City (4 February) -- An initial allocation of P1 billion will be allotted for the livelihood support fund for displaced overseas Filipino workers (OFWs) who are affected by the global financial meltdown.
This was disclosed by President Gloria Macapagal-Arroyo during her meeting with the Filipino community at the Philippine Embassy in Riyadh, where she directed the Department of Labor and Employment and the Overseas Workers and Welfare Administration involved in the livelihood assistance programs of the government.
The Malacanang press report disclosed that the President also explained that the P1 billion-fund will be sourced out from the OWWA and government lending institutions like the Development Bank of the Philippines and the Land Bank of the Philippines.
"Ang unang bahagi nito ay Filipino Expatriate Livelihood Support Fund sa halagang P1 billion na popondohan ng OWWA at suportado ng mga government lending institutions gaya ng Development Bank of the Philippines at Land Bank. maaaring gamitin ng mga expatriates na nawalaan ng trabaho ang pondong ito para mamuhunan sa mga bagong negosyo o pondohan ang dagdag na pag-aaral o training," President Arroyo said.
She instructed Secretary Marianito Roque of the DOLE to spearhead the "simple and not complicated" implementation of the program for the displaced Filipino workers abroad.
The Malacanang press report also disclosed that the government is now is now conducting an on-line information drive thru the phil-job.net to help Filipino expatriate workers search job and employment opportunities via internet. (PIA 6) [top]