SEARCH THIS SITE about free stock photos of houses, Bank Mortgage Property for Sale, foreclose home loans, where to get a home loan, apply for a home loan, take courses online for free,job advertisement online, Work Overseas, Filipino jobs, hiring Filipino workers, Filipino workers
Showing posts with label KSA. Show all posts
Showing posts with label KSA. Show all posts

Monday, January 02, 2017

NEW FEES FOR OFWS AND OTHER EXPATRIATES IN SAUDI ARABIA



If you are an Overseas Filipino Worker (OFW) or an expat working in Saudi Arabia and you are working hard for your family, this 2017, you must work even  harder.
An "expat levy" will be introduced this year and it is already been approved during the budget announcement.

Currently, the companies who are hiring more expat workers is required to pay SR200 for every expat employed in their company. This year, they will start to pay the amount of SR800 and up  for every expat they hire.


This is to ensure that the companies based in Saudi Arabia will hire more of their citizen over OFWs and expats from other companies, giving employment to Saudi locals.
The said levy will gradually increase from this year onwards.
For the companies who are hiring more Saudis over expats, the fee will not be applied.

It will not only be a burden to expats but also for their dependents. Effective July 2017, SR100 for expat dependents will be implemented.


“There are two kinds of fees, the first is according to the number of family members an expat has in return for utilities used… this minimal amount will increase gradually every year, the second is already imposed on companies which employ expat workers; this will increase gradually as well until 2020, "  Finance Minister Mohammed Al-Jaddan said.














©2016 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, December 15, 2016

IT'S TIME TO REPLACE EXPAT WORKERS WITH SAUDIS - SAUDI GAZETTE


Saudi Arabia remains the top destination of Overseas Filipino Workers (OFW) giving more than 100,000 jobs to Filipinos from January to September 2016.  As of the moment, approximately, there are two million OFWs in Saudi Arabia.
Saudi Arabia remains the top destination of Overseas Filipino Workers (OFW) giving more than 100,000 jobs to Filipinos from January to September 2016.

As of the moment, approximately, there are two million OFWs in Saudi Arabia.








But due to the recent slump in the oil prices in the Middle East, some OFWs in Saudi Arabia lose their job and got stranded in the said country.



In the opinion section of Saudi Gazette, one columnist said, it is time to replace expat workers with Saudis.

In the article written by Dr. Ehsan Buhaliqa, and published in Saudi Gazette website last December 10, he said the government failed in qualifying young Saudi men and women to hold technical and specialist positions that required skilled workers.


As of the moment, he said, there are at least 2.6 million jobs that need a highly-qualified Saudis and currently held by non-Saudis of expatriate workers.



READ MORE:

2 SAUDI OFFICIALS, WARNS "BANKRUPTCY" IN THE KSA WITHIN 3-4 YEARS

How To Secure Police Clearance In Saudi Arabia (Before or After Your Exit)

Top 10 Reminders About Photography If You are In KSA or UAE

126 RECRUITMENT AGENCIES IN SAUDI, BANNED FROM RECRUITING DH;478 EXPAT MEDICAL STAFF, LOSES JOB IN KSA

QATAR,DUBAI AND SAUDI ARABIA TO CHARGE EXIT TAX ON PASSENGERS










Buhaliqa believes that this is going to be a big challenge for the Commission for Job Generation and Anti-unemployment.
The labor market continues to suffer from unemployment, a high percentage of expatriate recruitment, low productivity and poor utilization of local human resources.

The job opportunities that should be created for youth need to be lucrative and exciting. These opportunities should spur young Saudis on to exert more effort in order to rekindle their ambition to be successful.



Buhaliqa added that in recent statistics, there are 660,000 unemployed Saudis and that around four million Saudis are employed compared with seven million expats and there are only 12.1 percent job seekers in Saudi workforce.

Read the full article here.




SEE ALSO:













©2016 THOUGHTSKOTO

Wednesday, October 19, 2016

VIDEO: A SAUDI PRINCE, EXECUTED FOR MURDER

 VIDEO:SAUDI PRINCE,EXECUTED  FOR MURDER    "The law applies to all,otherwise none at all." These quote has proven once again to be true when a Saudi Royalty has been executed for murdering a Saudi citizen during dispute. A statement was released on Tuesday by the Saudi Arabia Ministry of Interior confirmed the execution of Prince  Turki Bin Saud Al-Kabir,who has been sentenced for murdering a fellow Saudi citizen  Adel bin Suleiman bin Abdul Karim Mohaimeed. “King Salman’s keenness on enforcement of security, justice and God's judgments,” Interior of Ministry confirmed. The victim's family refused the offer of "blood money" and demanded that the capital punishment be carried out.  The Ministry of Interior warned : “that legitimate punishment would be the fate of whoever tries to assault innocent people and shed their blood”.  Al-Kabir was the 134th among being served capital punishment this year and clearly defined Saudi Arabia's fair justice system and is a rare case of Saudi Royalty being executed.  ©2016 THOUGHTSKOTO
VIDEO:SAUDI PRINCE,EXECUTED  FOR MURDER


"The law applies to all,otherwise none at all." These quote has proven once again to be true when a Saudi Royalty has been executed for murdering a Saudi citizen during dispute.
A statement was released on Tuesday by the Saudi Arabia Ministry of Interior confirmed the execution of Prince  Turki Bin Saud Al-Kabir,who has been sentenced for murdering a fellow Saudi citizen  Adel bin Suleiman bin Abdul Karim Mohaimeed.
“King Salman’s keenness on enforcement of security, justice and God's judgments,” Interior of Ministry confirmed.
The victim's family refused the offer of "blood money" and demanded that the capital punishment be carried out. 
The Ministry of Interior warned : “that legitimate punishment would be the fate of whoever tries to assault innocent people and shed their blood”.

Al-Kabir was the 134th among being served capital punishment this year and clearly defined Saudi Arabia's fair justice system and is a rare case of Saudi Royalty being executed.


©2016 THOUGHTSKOTO

Friday, July 29, 2016

Latest News Post: In Saudi, Money Reward if you Report Violation; In UAE, Penalty for Using Virtual Private Network


News Post: In the UAE, or United Arab Emirates, Penalty for Using VPN or Virtual Private Network Connection

In UAE,creating or using a VPN (Virtual Private Network) fraudulently  can land you in jail and pay AED2,000 to AED2,000,000.
Yes,you read it right and it is actually included in the new series of federal laws on IT crimes. 

Article 1 provides for replacing the text of Article 9 of Federal Law No. 9/2012 as follows:

Whoever uses a fraudulent computer network protocol address (IP address) by using a false address or a third-party address by any other means for the purpose of committing a crime or preventing its discovery, shall be punished by temporary imprisonment and a fine of no less than Dh500,000 and not exceeding Dh2,000,000, or either of these two penalties.
What is a VPN Client or a VPN Network?
VPN passthrough,  allows you to connect to a secure VPN server or a secured private network and hide your actual location which is considered as a fraudulent use of an IP address.

Some apps like  viber,snapchat,whatsapp,which are messaging and voice apps and are used by the expats to communicate with their families in their home countries for free are inaccessible in the region.People use VPNs to acces these apps so that they dont need to use expensive  services offered by the local Telcos.
advertisementadvertisement


In Saudi Arabia, Latest News is You Can Get 25% Money Reward if you Report Violation; 

Meanwhile, Ministry of Labor law in Saudi Arabian Government is giving rewards to anyone who will report Saudization violations,especially in the IT sector.The amount equal to 25% of the actual fine will be rewarded to the informant as announced by Labor and Social Development Minister Mufrej Al-Haqabani. 

The ministry will conduct "community inspections" allowing every individual to report Saudization violations.
This is in accordance with  the 100% Saudization goal for the IT Sector starting on September.

Haqabani said that young Saudis has proven their ability in the IT sector and that they are the source of pride and their participation in the IT market is fantastic and professional and the young Saudi IT's proved that they are capable of doing such tasks.

Saudization aims to give jobs to locals including Saudi women,improve working environment and reduce unemployment rate in the Kingdom.

We hope they will also check Saudi violations for expats, including those expats who has no private health insurance. 
advertisement








SEE ALSO THIS POST:






©2016 THOUGHTSKOTO

THIS MIGHT INTEREST YOU