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PIA Press Release

PGMA turns over livelihood checks, scholarship certificates to retrenched OFWs from Mindanao

Manila (19 February) -- President Gloria Macapagal-Arroyo is set to turn over Thursday, Feb.19, 2009 a total of Pl.5 million livelihood assistance, on top of 35 scholarship certificates, to overseas Filipino workers (OFWs) from Mindanao who were retrenched due to the current global economic crisis.

Department of Labor and Employment (DOLE) Regional Director Jalilo dela Torre said the 30 livelihood assistance checks are worth P50,000 each.

Of the 30 OFW-beneficiaries, 10 are from the Davao Region, 10 from Region 10 and the third batch of 10 from the CARAGA region.

The 35 scholarship certificates under the Pangulong Gloria Scholarship (PGS) program will be awarded to 25 APEX Mining employees who lost their jobs, and 10 retrenched OFWs.

The livelihood and scholarship programs are part of the government's "pay back package" for OFWs who lost their jobs due to the global financial crisis.

The assistance package, which forms part of the government's P300-billion stimulus package, includes a P250-million support fund, skills training for in-demand jobs in other parts of the world, and the setting up by the DOLE and Overseas Workers Welfare Administration (OWWA) of assistance desks in provinces.

In the midst of the global economic crunch, the Arroyo administration has crafted a P300-billion stimulus package to pump prime the domestic economy, even as international credit ratings have maintained their positive outlook for the Philippines despite the challenges facing the global economy this year. (PIA-MMIO) [top]

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