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Showing posts with label Saudi gazette news. Show all posts

Wednesday, January 03, 2018

Taxi Fares and Food Products Are Now Increasing in Saudi Arabia

For many decades, Overseas Filipino Workers (OFW) are enjoying tax-free living in Saudi Arabia. But this 2018 tax-free living comes to an end after 5% Value Added Tax (VAT) has been added to many products and services.

And even though OFW and other expatriate working in Saudi Arabia can enjoy tax-free remittances, OFWs are not spared on VAT imposition on food products, such as vegetables and fruits, dairy products. Electric bill is also increasing up to threefold while taxi fares are rising due to the implementation of VAT and hike in fuel prices.

Thursday, August 24, 2017

Saudi Arabia Will No Longer Hire Engineers Without 5-Years Experience!

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Looks like Overseas Filipino Workers (OFWs) world in Saudi Arabia is getting smaller. Aside from Saudization in many sectors that are now off limits to OFWs and other foreign workers, Saudi Arabia will also stop the recruitment of foreign engineer with professional experience of fewer than five years

This means that if you have two to three years experience, you are not welcome to work in Saudi.

Saudi Press Agency said that the Ministry of Labor and Social Development (MLSD) and Saudi Council of Engineers (SCE) have reached an agreement that will provide more jobs to Saudi engineers, both in public and government sectors.

Read: No more Filipino and Expat Workers in Saudi Arabia Malls?

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Aside from 5-years professional experience, recruited foreign engineers will have to undergo a professional exam and interview via SCE.

This will ensure that expat engineers are well conversant with the profession and their specialization.

Five years experience will be compulsory to all expatriate engineers and a documentary proof should be provided as evidence.

Read: Saudi Arabia to Open Red Sea Luxury Resort Where Women Can Wear Bikinis?

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Read: PHOTOS AND VIDEOS: Crackdown Against Undocumented Expats in Saudi Arabia Starts

They added that engineers will bear the consequences of giving false information on their work experience.

Earlier the SCE decide to implement a compulsory three-years experience as requirements to all expatriate to be accepted for work in the Kingdom.

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Friday, February 10, 2017

19 jobs and 4 sectors that are off-limits to expats in Saudi Arabia

Another sector in Saudi Arabia will embrace Saudization starting July 2.

Saudi Gazette reports that all jobs related to vehicle claim administration in the motor insurance sector will be purely for Saudis starting July.

These include jobs in the branches and centers for receiving claims, debris management, and recovery, as well as surveyors, and all jobs related to the administration of customer care, jobs related to dealing with complaints, and other administrative jobs of branches of vehicle insurance firms.

This is based on the directives of Saudi Arabian Monetary Authority (SAMA).

SAMA also mandates insurance companies to furnish a monthly report about the progress of Saudization.

Companies are also instructed to provide training for Saudi employees working in insurance companies.

Last year, Labor Ministry of Saudi Arabia decided to off-limits 19 job titles for expatriates, including Filipinos who are applying for visas to Saudi Arabia.

This is a part of nationalization campaign that will replace expats with Saudis in any job categories.

The ministry identified 19 job titles that are off-limits to expatriates but only 11 are identified based on earlier announcement;

1. Chief administrator of human resources at government and private sector companies

2. Head of personnel department

3. Director of Labor Affairs

4. Director of Personnel Relations,

5. Employment clerk

6. Time-keeper

7. Receptionist (General)

8. Receptionist (Hotel)

9. Receptionist (Hospitals)

10. Cashier

11. Typist

Other than vehicle claim administration in the motor insurance, the following sector are implementing or planning to implement Saudization

1. Telecom Sector - including selling mobile phones and accessories (September 2016)

2. Health Sector particularly the pharmaceutical sector, according to report, full Saudization to be implemented in 2018.

3. Automobile Sales Sector - both agencies and car rental offices, starting this 1st quarter of 2017

4. Gold and vegetable market (currently being evaluated to be Saudidized)

Saturday, January 21, 2017

DEBATE ON 6% TAX ON EXPAT REMITTANCES IN SAUDI ARABIA, SET TO BEGIN

The debate on the proposed 6 percent tax on the remittances of expatriate in the Kingdom of Saudi Arabia is set to begin this week.

According to Saudi Gazette, The Consultative Assembly of Saudi Arabia or The Shura Council will study the said proposal with an aim to help lessen the huge budget deficit of the Kingdom.

The program targets to increase the country’s non-oil revenue collection.

The proposal was made by Hussam Al-Anqari, former chief of the General Auditing Bureau (GAB).

It has been approved by the Shoura’s financial committee and will be put before the general assembly for discussion.

What's in the proposal?

1. A 6% tax will be charged on the amount of remittances of expats in the first year. But gradually the fees will be reduced.

2. The collected funds from expat's tax will be deposited at the Saudi Arabian Monetary Authority (SAMA).

3. There is also a recommendation to put ceiling on cash an expatriate could keep or carry with him when he makes a final exit in the Kingdom.

Anqari said, this proposal is meant to encourage expatriates to spend money in the Kingdom to help the economy.

Anqari added that this will encourage foreign nationals to invest more in the Kingdom.

According to Saudi Central Bank data, roughly 10 million foreign workers transferred $9.4 billion to their home countries in the third quarter of 2016.

These expat remittances have gone up from SR57 billion in 2004 to SR135 billion in 2013.

READ MORE:

NEW FEES FOR OFWS AND OTHER EXPATRIATES IN SAUDI ARABIA

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

SR400,000 FINE FOR ANIMAL CRUELTY IN SAUDI ARABIA

PHILIPPINE EMBASSY IN SAUDI TO ALL OFWS IN THE KINGDOM: LIST OF PENALTY FOR EXPAT VIOLATORS IN SAUDI

RUN AWAY WORKERS WILL NEVER BE ALLOWED TO RETURN TO SAUDI

On the other hand, expatriate workers in Saudi Arabia express concern regarding the burden of the proposed 6 percent tax.

Some Filipinos in the Kingdom said this will have a big impact on their remittances to the Philippines, especially for those who are earning just enough.

Indian workers are also worried about the result of the discussion.

Indian expatriate comprises the 20 percent of the total workforce in private sector in Saudi Arabia.

SEE ALSO:

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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

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China's plans to hire Filipino household workers to their five major cities including Beijing and Shanghai, was reported at a local newspaper Philippine Star. it could be a big break for the household workers who are trying their luck in finding greener pastures by working overseas China is offering up to P100,000 a month, or about HK$15,000. The existing minimum allowable wage for a foreign domestic helper in Hong Kong is around HK$4,310 per month. Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the haven for Filipino domestic workers who are seeking higher income. DOLE is expected to have further negotiations on the launch date with a delegation from China in September. according to Usec Say, Chinese employers favor Filipino domestic workers for their English proficiency, which allows them to teach their employers’ children. Chinese embassy officials also mentioned that improving ties with the leadership of President Rodrigo Duterte has paved the way for the new policy to materialize. There is presently a strict work visa system for foreign workers who want to enter mainland China. But according Usec. Say, China is serious about the proposal. Philippine Labor Secretary Silvestre Bello said an estimated 200,000 Filipino domestic helpers are presently working illegally in China. With a great demand for skilled domestic workers, Filipino OFWs would have an option to apply using legal processes on their desired higher salary for their sector. Source: ejinsight.com, PhilStar Read More: The effectivity of the Nationwide Smoking Ban or E.O. 26 (Providing for the Establishment of Smoke-free Environment in Public and Enclosed Places) started today, July 23, but only a few seems to be aware of it. President Rodrigo Duterte signed the Executive Order 26 with the citizens health in mind. Presidential Spokesperson Ernesto Abella said the executive order is a milestone where the government prioritize public health protection. The smoking ban includes smoking in places such as schools, universities and colleges, playgrounds, restaurants and food preparation areas, basketball courts, stairwells, health centers, clinics, public and private hospitals, hotels, malls, elevators, taxis, buses, public utility jeepneys, ships, tricycles, trains, airplanes, and gas stations which are prone to combustion. The Department of Health urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places. Read More: ©2017 THOUGHTSKOTO www.jbsolis.com SEARCH JBSOLIS, TYPE KEYWORDS and TITLE OF ARTICLE at the box below Smoking is only allowed in designated smoking areas to be provided by the owner of the establishment. Smoking in private vehicles parked in public areas is also prohibited. What Do You Need To know About The Nationwide Smoking Ban Violators will be fined P500 to P10,000, depending on their number of offenses, while owners of establishments caught violating the EO will face a fine of P5,000 or imprisonment of not more than 30 days. The Department of Health urges all the establishments to post "no smoking" signs in compliance with the new executive order. They also appeal to the public to report any violation against the nationwide ban on smoking in public places. ©2017 THOUGHTSKOTO

Dominador Say, undersecretary of the Department of Labor and Employment (DOLE), said that talks are underway with Chinese embassy officials on this possibility. China’s five major cities, including Beijing, Shanghai and Xiamen will soon be the destination for Filipino domestic workers who are seeking higher income.

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