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Showing posts with label Good news. Show all posts
Showing posts with label Good news. Show all posts

Monday, March 06, 2017

4.6% Average Salary Hike for UAE Workers This Year

This is a good news for UAE employees. They are about to receive 4.6% increase to their salary this year. However, Cooper Fitch, a UAE-based specialist recruitment firm, pointed out that the hiring trends  can vary this year depending on the sector, as their performance may vary from a company to another, directly impacting which will have a direct impact on their salary performance, .  “We expect to see increases in salary levels and new jobs being made available following a better than expected finish to 2016 and a similar start to 2017,” Trefor Murphy, chief executive officer of Cooper Fitch, said.  The estimated pay adjustments will reportedly be dependent on a 4 to 6 % gross domestic product (GDP) growth and oil prices of between $55 and $65 per barrel. “The outlook for 2017 is improving and market sentiments look reasonably positive,” Murphy added.   However, the salary hike will not be experienced across the board even though it is expected to take effect this year. Cooper Fitch’s latest Salary Guide for 2017 showed that some employees, , are still likely to get some salary reductions, depending on the industry they work in. the lucky ones that are most likely to get the increase are the professionals in the manufacturing 5% , sales and marketing 6 to 10%, legal 3 to 4 % and digital sectors 10 to 12 %. A 5% increase on salaries for those who are working in the audit and risk industry, including auditors and specialist advisers is expected as well.  A somewhat subdued outlook, however, is forecast for accounting and finance employees which, according to Cooper Fitch, are likely to feel downward pressure, as companies resort to more stringent recruitment criteria and rigorous interview process amid an oversupply of qualified workers locally, Gulf News reported.  “The overall salaries across finance functions are only expected to increase marginally above the inflation level in 2017," the report said. Banking and financial services professionals can also expect some decrease ranging between 5% and 7% . RECOMMENDED  BEWARE OF SCAMMERS!  RELOCATING NAIA  THE HORROR AND TERROR OF BEING A HOUSEMAID IN SAUDI ARABIA  DUTERTE WARNING  NEW BAGGAGE RULES FOR DUBAI AIRPORT    HUGE FISH SIGHTINGS

This is a good news for UAE employees including thousands of OFWs working across the Emirates. They are about to receive  an average of 4.6% increase to their salary this year.
However, Cooper Fitch, a UAE-based specialist recruitment firm, pointed out that the hiring trends  can vary this year depending on the sector, as their performance may vary from a company to another, directly impacting which will have a direct impact on their salary performance, .

“We expect to see increases in salary levels and new jobs being made available following a better than expected finish to 2016 and a similar start to 2017,” Trefor Murphy, chief executive officer of Cooper Fitch, said.

The estimated pay adjustments will reportedly be dependent on a 4 to 6 % gross domestic product (GDP) growth and oil prices of between $55 and $65 per barrel. “The outlook for 2017 is improving and market sentiments look reasonably positive,” Murphy added.



However, the salary hike will not be experienced across the board even though it is expected to take effect this year. Cooper Fitch’s latest Salary Guide for 2017 showed that some employees, , are still likely to get some salary reductions, depending on the industry they work in.
the lucky ones that are most likely to get the increase are the professionals in the manufacturing 5% , sales and marketing 6 to 10%, legal 3 to 4 % and digital sectors 10 to 12 %.A 5% increase on salaries for those who are working in the audit and risk industry, including auditors and specialist advisers is expected as well.
A somewhat subdued outlook, however, is forecast for accounting and finance employees which, according to Cooper Fitch, are likely to feel downward pressure, as companies resort to more stringent recruitment criteria and rigorous interview process amid an oversupply of qualified workers locally, Gulf News reported.

“The overall salaries across finance functions are only expected to increase marginally above the inflation level in 2017," the report said.
Banking and financial services professionals can also expect some decrease ranging between 5% and 7% .


©2017 THOUGHTSKOTO

Friday, December 23, 2016

OFW BANK IN RIYADH TO OPEN ON SEPTEMBER 2017

Good news to all OFWs in Saudi Arabia! The Postal Bank that will soon turn to be OFW Bank will open a branch in Riyadh, Saudi Arabia. The LandBank, a state-run bank in the Philippines, will acquire the Postal Bank, which would be 30% owned by the OFWs and has an authorized capital of P3 billion, according to Finance Secretary Carlos G. Dominguez III. LandBank President Alex Buenaventura said that there are 800,000 OFWs, 40% of  which are  residing in Riyadh and in that consideration , they will open a branch of the OFW Bank in the area. The Riyadh branch will initially offer financial education and investment counseling services to OFWs, according to Dominguez. The creation of the Bank for the OFWs is one of the promises of President Rodrigo Duterte  to the OFWs and their families that has been fulfilled. Another proof of the sincerity and concern of the new President towards the "modern heroes". Dominguez said that the acquisition of the Postal Bank will be completed at the 3rd Quarter of 2017 and that the LandBank has sufficient resources to make it happen.      LandBank will seek clearances from the Governance Commission for Government Owned and Controlled Corporations (GCG) and the Philippine Competition Commission (PCC) for the acquisition process to complete.  The government bank also needs approval from the Monetary Board, Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP) for the OFW bank to be operational by Sept. 1, 2017.  Source: Saudi Gazette ©2016 THOUGHTSKOTO


Good news to all OFWs in Saudi Arabia!
The Postal Bank that will soon turn to be OFW Bank will open a branch in Riyadh, Saudi Arabia.
The LandBank, a state-run bank in the Philippines, will acquire the Postal Bank, which would be 30% owned by the OFWs and has an authorized capital of P3 billion, according to Finance Secretary Carlos G. Dominguez III.
LandBank President Alex Buenaventura said that there are 800,000 OFWs, 40% of  which are  residing in Riyadh and in that consideration , they will open a branch of the OFW Bank in the area.
The Riyadh branch will initially offer financial education and investment counseling services to OFWs, according to Dominguez.
The creation of the Bank for the OFWs is one of the promises of President Rodrigo Duterte  to the OFWs and their families that has been fulfilled. Another proof of the sincerity and concern of the new President towards the "modern heroes".
Dominguez said that the acquisition of the Postal Bank will be completed at the 3rd Quarter of 2017 and that the LandBank has sufficient resources to make it happen.
Good news to all OFWs in Saudi Arabia! The Postal Bank that will soon turn to be OFW Bank will open a branch in Riyadh, Saudi Arabia. The LandBank, a state-run bank in the Philippines, will acquire the Postal Bank, which would be 30% owned by the OFWs and has an authorized capital of P3 billion, according to Finance Secretary Carlos G. Dominguez III. LandBank President Alex Buenaventura said that there are 800,000 OFWs, 40% of  which are  residing in Riyadh and in that consideration , they will open a branch of the OFW Bank in the area. The Riyadh branch will initially offer financial education and investment counseling services to OFWs, according to Dominguez. The creation of the Bank for the OFWs is one of the promises of President Rodrigo Duterte  to the OFWs and their families that has been fulfilled. Another proof of the sincerity and concern of the new President towards the "modern heroes". Dominguez said that the acquisition of the Postal Bank will be completed at the 3rd Quarter of 2017 and that the LandBank has sufficient resources to make it happen.      LandBank will seek clearances from the Governance Commission for Government Owned and Controlled Corporations (GCG) and the Philippine Competition Commission (PCC) for the acquisition process to complete.  The government bank also needs approval from the Monetary Board, Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP) for the OFW bank to be operational by Sept. 1, 2017.  Source: Saudi Gazette ©2016 THOUGHTSKOTO




 LandBank will seek clearances from the Governance Commission for Government Owned and Controlled Corporations (GCG) and the Philippine Competition Commission (PCC) for the acquisition process to complete.

The government bank also needs approval from the Monetary Board, Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP) for the OFW bank to be operational by Sept. 1, 2017.

©2016 THOUGHTSKOTO

Thursday, November 03, 2016

MINIMUM WAGE HIKE IN SOUTH KOREA TO BENEFIT OFWS


The minimum wage in South Korea will increase by 7.3 % next year and expected to benefit thousands of Overseas Filipino workers who are working there.According to the government estimate,there are at least around 24,000 OFWs working in South Korea.

The Department of Labor and employment (DOLE) said that the new minimum wage  rate will be KRW 6,470/hour or P268.73/hour from the current rate of KRW6,030 or P250.46 per hour starting next year.
Translated to KRW51,760(2,149.87) per day on an 8-hour  working day .
KRW258,800(P10,749.93) on five working days.It is equivalent to KRW1,352,230 (P56,165.28) a month.

According to  Welfare Officer Manuela Peña,the increase was approved by the South Korea's Ministry of Employment and Labor.

In her report to DOLE Secretary Silvestre Bello III,Peña said that  all South Korea-based OFW in both small and medium manufacturing industries employed under the Employment Permit System (EPS) shall be included in the wage  increase.

Korea's Labor Standard s Act defined the minimum wage  should cover all employees ,wether temporary,part time ,or daily ;regardless of nationality.

The South Korean government will monitor all employment conditions closely,support employment,and supervise the work sites to make sure that the new rates is enforced through its labor standards Policy Department.


©2016 THOUGHTSKOTO

Wednesday, November 02, 2016

FILIPINO FISHERMEN AND CHINESE COAST GUARD SHARED FISH, CIGARETTES, LIQUOR AND FOOD

Months ago, Filipino fishermen were always driven back by Chinese coast guards near Panatag Shoal. But recently, the fishermen narrated that the Chinese Coast Guard even shared cigarettes, foods and drinks with them.




In 2012, China made a claim on Scarborough Shoal which was part of the 200 nautical miles economic zone of Philippines. When Philippines filed a case in the arbitral tribunal, the decision last June was that the area will be considered as common fishing ground. for Filipino, Chinese and Vietnamese fishermen. 

According to them, when they attempted to fish in Scarborough Shoal last October 22, they were driven back by the coast guard and sometimes water canon is used to drive them away. Because of this, the fishermen usually goes back home with nothing. However when they attempted again to fish in the area on October 25, the coast guard allowed them to fish. 

It is noted that President Duterte visited China  recently, the leaders of both countries made a deal that allows Filipino fishermen to fish in the area again. 

  In 2012, China made a claim on Scarborough Shoal which was part of the 200 nautical miles economic zone of Philippines.  According to them, when they attempted to fish in Scarborough Shoal last October 22, they were driven back by the coast guard and sometimes water canon is used to drive them away. Because of this, the fishermen usually goes back home with nothing. However when they attempted again to fish in the area on October 25, the coast guard allowed them to fish.   It is noted that President Duterte visited China  recently, the leaders of both countries made a deal that allows Filipino fishermen to fish in the area again.
Pictured above, fishermen arrived with tons of fishes caught from Scarborough Shoal. They mentioned how grateful they are because President Duterte is able to establish a good relationship with China. 




When Philippines filed a case in the arbitral tribunal after the Chinese claim on the island, the decision last June was that the area will be considered as common fishing ground. for Filipino, Chinese and Vietnamese fishermen. 







One fishermen in the area said, "We're now free to fish around the shoal. There's no tension there... As long as we will be allowed to stay and fish around the shoal, I think we can coexist with the Chinese Coast Guard."

One fishermen in the area said, "We're now free to fish around the shoal. There's no tension there... As long as we will be allowed to stay and fish around the shoal, I think we can coexist with the Chinese Coast Guard."When Philippines filed a case in the arbitral tribunal, the decision last June was that the area will be considered as common fishing ground. for Filipino, Chinese and Vietnamese fishermen.  Fishermen arrived with tons of fishes caught from Scarborough Shoal. They mentioned how grateful they are because President Duterte is able to establish a good relationship with China.




Another fisherman said, "Our President has been true to his promise to help us return to the shoal and we're thankful for that". After their previous experience with the Chinese Coast Guard he added, "We're hoping that Filipinos will no longer fear being harassed..."

Another fisherman said, "Our President has been true to his promise to help us return to the shoal and we're thankful for that". After their previous experience with the Chinese Coast Guard he added, "We're hoping that Filipinos will no longer fear being harassed..."

One week after the visit of President Duterte, the fishermen are now allowed to fish in Scarborough Shoal. After his visit, he mentioned that Filipinos can start fishing in the area again. 




©2016 THOUGHTSKOTO



Sunday, August 21, 2016

ONE-STOP SERVICE CENTER TO OPEN BY SEPT IN: Davao, Cebu, San Fernando, La Union, and Clark, Pampanga

In an exclusive media interview of POEA Administrator Admins Hans Cacdac, and DOLE USec Undersecretary Ciriaco Lagunzad with Ms. Maxxy Santiago and Dok Chie Umandap and other Kuwait media and NGO leaders.

There are 4 main points to summarize the video below.

1. A total of 14 government agencies join for the ONE-STOP SERVICE CENTER for OFWs.
Admin Cacdac mentioned that by September 2016, POEA ONE STOP SERVICE CENTER will open in Davao, Cebu, San Fernando, La Union, and Clark, Pampanga.

SEE ALSO THE FOLLOWING RELATED POST

GOOD NEWS! ONE-STOP SERVICE CENTER for OFWs (OSSCO) at POEA BUILDING IS NOW OPEN!

2. By 100 days (September to October) of Pres. Rudy Duterte, there will be NATIONWIDE one stop shop for OFWs to process their documents and requirements
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3. Pres. Duterte might visit the Middle East and visit the OFWs this September or October according to Usec Lagunzad. The president has a soft heart with the OFWs aside from the soldiers and policemen and teachers. "Gustong-gusto niyang bumisita sa Middle East. Alam ni Pres. Duterte na 90% ng kanyang panalo na boto ay galing sa OFWs lalo na sa Middle East. Mahal ni Pangulong Duterte ang mga OFWs" says Usec Lagunzad.
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ONE-STOP SERVICE CENTER will offer the following OFW services:

1. Department of Foreign Affairs (DFA)
• Passport Services
• Passport Validity Extension for Balik-Manggagawa (vacationing Workers)
2. Overseas Welfare Workers Administration (OWWA)
• Processing of OWWA Membership/Renewal of Membership
3. Technical Education and Skills Development (TESDA)
• Assistance for Competency Assessment
• Verification of Certificates and Special Order
• Assistance for Replacement of National Certificates (NC)/ Certificates of Competency (COC)
• Training Assistance and Scholarship Program
4. Professional Regulation Commission (PRC)
• Issuance of Professional License
5. Maritime Industry Authority (MARINA)
• Issuance/ Revalidation of Seaman’s Book
6. Home Development Mutual Fund (HDMF)
• Processing of Pag-ibig Membership
7. Philippine Health Insurance Corporation (PHIC)
• Payment of Philhealth Contribution
• Member registration and updating
8. Social Security System (SSS)
• Registration and Membership Data Amendment
• Acceptance of Loan and Benefits Claim Applications
• Loan Verification and Status
• UMID Capturing and Card Releasing
9. Philippine Statistics Authority (PSA)
• Processing and Copy Issuance of
Certificate of Live Birth
Certificate of Marriage
Certificate of Death
Certificate of No Marriage (CENOMAR)
10. Bureau of Immigration (BI)
• Departure Clearance Information
11. National Bureau of Investigation (NBI)
• Issuance of NBI Clearance
12. Commission on Higher Education (CHED)
• Verification and Authentication of School Credentials
13. Tourism Infrastructure and Enterprise Zone Authority (TIEZA)
• Travel Tax Payment
• Processing of Travel Tax Exemption and Reduced Travel Tax
14. Philippine Overseas Employment Administration (POEA)
• Documentation of Workers (Landbased and Seabased)
• Documentation of Workers-On-Leave/Balik-Manggagawa
• Registration of Landbased Worker-Applicants
• Verification/Certification of OFW Records
• Provision of Legal Assistance


©2016 THOUGHTSKOTO

Friday, December 25, 2015

THIS TAXI DRIVER RETURNED AN OFW BAG WITH P300,000 MONEY



A taxi driver named Anselmo Nava, in Iloilo returned the bag of his OFW passenger with a money worth P300,000. He said he can live with his earnings from being a taxi driver without being tempted to keep the money that is not his. 

He said that even though he is only a taxi driver, he is contented as long his family is eating thrice a day and with good health.

This is good news! Sir, we admire you!
©2015 THOUGHTSKOTO

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