Nov 052017

The Philippines was commended for its migrant labor support system in a World Bank (WB) report issued in October.

The WB report, “Migrating to Opportunity: Overcoming Barriers to Labor Mobility in Southeast Asia,” commended the Philippines as a country that can serve as a good example to the region in helping boost labor mobility because of its migrant labor support.

The “highly-developed support system for migrant labor in the Philippines can serve as a model for other countries,” stated the WB report which highlighted ASEAN countries’ contributions in promoting workers’ welfare and deepening of economic integration.

Read Related Story: PH anti-poverty program praised by World Bank

The Philippines is a good example of a migration system with clearly defined institutional responsibilities. In the Philippines, several migrant-focused agencies are housed mostly within the Department of Labor and Employment. Their roles and responsibilities are well defined, with the Philippine Overseas Employment Agency responsible mainly for managing migration and the Overseas Workers Welfare Administration responsible mainly for protecting migrants.

The Philippines provides a listing of job opportunities available abroad through the job advertising site and offers an orientation program to workers who are contemplating migration. The Pre-Employment Orientation Seminar (PEOS) includes modules on working overseas, job search, illegal recruitment, allowable fees and the essential provisions of the employment contract, and country-specific information. The PEOS is mandatory for potential migrants, but can be completed online at no cost.

“With the right policy choices, sending countries can reap the economic benefits of out-migration while protecting their citizens who choose to migrate for work. In receiving countries, foreign workers can fill labor shortages and promote sustained economic growth, if migration policies are aligned with their economic needs,” said Sudhir Shetty, World Bank Chief Economist for the East Asia and Pacific region in a WB release.

Read Related Story: World Bank projects PH economy to expand 6.4%

The international finance institution says labor mobility within the region can positively impact their economies as migration could raise incomes of individuals from lower-income countries.

The report estimates that reducing barriers to mobility would improve workers’ welfare – by 14 percent if only targeting high-skilled workers, and by 29 percent if including all workers.

WB also estimates the value of migrant labor to the sending countries as approximately US$62 billion in remittances were sent to ASEAN countries in 2015. Remittances account for 10 percent of GDP in the Philippines, the largest among the ASEAN nations. The country is a sender of significant number of migrant labor to the Middle East and the United States, and a quarter of the world’s ship crews.

The post World Bank commends PHL’s model for migrant labor support appeared first on Good News Pilipinas.

Jul 132017

NATIONAL Transmission Corp. (TransCo) has approached multilateral lending institutions Asian Infrastructure Investment Bank (AIIB) and World Bank for a loan of between P15 billion and P20 billion to pay renewable energy developers that have yet to receive their share of the feed-in-tariff (FiT) allowance collected from electricity consumers.

Feb 012014
PIDS tops SEA ranking

MANILA, Philippines – State-run Philippine Institute for Development Studies (PIDS) ranked as the top think tank in Southeast Asia and remains one of the best in the world, according to the 2013 Global Go Think Tank Report released by the Think Tanks and Civil Societies Program (TTCSP) of the University of Pennsylvania. The TTCSP report recently appraised 6,826 think tanks from 182 countries. Based on the report, PIDS was ranked 37th among the top 50 social policy think tanks in the world. It surpassed the Institute of Southeast Asian Studies (ISEAS) in Singapore that was ranked 41st. PIDS also managed to improve its position from 40th place in last year’s report. Only PIDS and ISEAS are the ASEAN think tanks included in the world ranking of top social policy think tanks. On the other hand, PIDS was ranked 70th among 80 top international development think tanks and has moved up from its ranking of 79th in the 2012 report. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 The Global Go To Think Tank Report is a comprehensive ranking of the world`s top think tanks and acknowledges the important contributions and emerging global trends of think tanks worldwide. As a state-funded think tank, PIDS is devoted to independent research and innovative policy solutions. Since its establishment in 1977, it has been engaged in conducting long-term, policy-oriented studies to assist policymakers and planners in crafting development plans and programs that are based on sound research evidence. It has completed more than Read More …

Nov 242013

THE PHILIPPINES is included in the top 10 economies with the most improvement in their business regulatory systems, as reported in Doing Business 2014, the 11th edition of the annual joint report of the World Bank and International Finance Corporation. The annual report benchmarks government regulations affecting small and medium private enterprises, based on the following categories: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and employing workers.

Nov 222013
World Bank doubles disaster aid to Philippines

WASHINGTON – The World Bank on Friday added $480 million in emergency aid to the Philippines, taking to nearly $1 billion its support as the death toll from super typhoon Haiyan passed 5,200. World Bank President Jim Yong Kim made the pledge, added to $500 million committed Monday, in a phone call with Philippine President Benigno Aquino, the development lender said. The new money will be provided through the bank’s existing Community Driven Development Project for the Philippines, which will allow localities to tap the funds for their own rebuilding projects. “The project will empower communities themselves to lead the reconstruction effort, by offering a transparent way for people to identify their own needs,” the Bank said in a statement. The Bank has already deployed disaster specialists to Manila to help the government assess the damages and identify rebuilding priorities in the wake of the storm, which blasted through the center of the country on November 8, flattening entire communities and leaving up to four million people displaced. Early estimates by analysts of the typhoon’s economic cost to the Philippines have been put at around $14 billion. “We have been encouraged by the resilience of the Filipino people and the determination shown by President Aquino and his team as they work to recover from a disaster of unprecedented scale,” Kim said in the statement. — Agence France– Presse

Oct 042013
WB sees Phl remittances growing 6% to $26 B

MANILA, Philippines – The amount of remittances sent by overseas Filipinos is estimated to grow six percent to $26 billion this year, making up over six percent of the $414-billion forecast global remittance level this year, the World Bank said in a report. The World Bank said the forecast top recipients of remittances for 2013 are India ($71 billion), China ($60 billion), the Philippines ($26 billion), Mexico ($22 billion), Nigeria ($21 billion), and Egypt ($20 billion). Other large recipients include Pakistan, Bangladesh, Vietnam, and Ukraine. In its latest issue of the Migration and Development Brief, the global financial institution said the figure could have been bigger. “Several large remittance recipient countries such as Russia, Latvia, Lithuania and Uruguay are no longer considered (by the World Bank) as developing countries,” the report said. In addition, the data on remittances also reflect the International Monetary Fund’s (IMF) changes to the definition of remittances that now exclude some capital transfers, affecting a few large developing countries like Brazil. Growth of remittances has been robust in all regions of the world, except for Latin America and the Caribbean, where growth decelerated due to economic weakness in the United States. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Remittances in the East Asia and the Pacific region (including the Philippines) are expected to expand 7.4 percent in 2013 to $115.3 billion. The inflows would account for about 28 percent of total remittances to developing countries. Figures earlier released by the Bangko Sentral ng Pilipinas Read More …