Filipinos in South Korea

Development Bank of the Philippines sets up credit facility for Overseas Filipino Workers (OFW)

The state-owned Development Bank of the Philippines has set up a financing facility called the “OFW Reintegration Program” to provide loans and other financial products to overseas-based Filipinos.

The facility is aimed at pursuing the national government’s plan of providing income and investment opportunities to overseas-based Filipinos, with a medium- to long-term goal of encouraging them to eventually go back to the Philippines and stay with their families for good.

The facility offers credit to OFWs and their families to fund their business plans. The facility also offers financial products that will help the target market grow their assets.

“The DBP hopes that through the OFW Reintegration Program, we shall be able to help nurture in our overseas Filipino workers and their families a culture of savings, investment and entrepreneurship, along with the values of honesty, discipline and hard work necessary for poverty reduction and economic empowerment of our communities,” DBP president Francisco del Rosario Jr. said in a statement.

Those who can avail themselves of the DBP’s program are OFWs registered with the Overseas Workers Welfare Administration (OWWA)—with ongoing or finished employment contracts.

DBP said these workers could apply for a loan equivalent to 80 percent of the cost of a business venture and must range from P300,000 to P2 million.

Loans from the facility carry an annual interest rate of 7.5 percent, reviewable every year and payable over seven years.

“Loans may be used for construction, renovation, expansion or repair of building for use as business site; working capital for business venture; acquisition of equipment; and other business-related purposes,” DBP said.

DBP said the facility would give priority to investments involving the following industries: franchising, tourism and related industries, health care and allied industries, and agribusiness and related businesses.

Imelda Nicolas, secretary of the Commission on Filipinos Overseas (CFO), earlier said the government, through the office she heads, has started drafting a road map that would create an environment that provides sufficient investment and income opportunities to OFWs and their families with the end goal of encouraging OFWs to go back home.

She said providing more income-generating opportunities within the country was necessary to allow migrants to go back home without worrying about the financial security of their families.

 

 

 

2011 Midyear PLUNDER CASE BONUS vs Gloria Macapagal-Arroyo

Rumored corrupt former president of the Philippines Gloria Arroyo… only evidence could probe it! Let the Law Speaks

Former President Gloria Macapagal-Arroyo was charged with plunder before the Department of Justice (DOJ) June 28, 2011.

Former solicitor general Francisco Chavez accused Arroyo of diverting over P2 billion in fertilizer funds to her campaign kitty when she ran for president in 2004.

In a text message, Elena Bautista-Horn, Arroyo’s spokesman, said: “We can’t comment until we get a copy and read the complaint.”

Meanwhile, the Philippine Charity Sweepstakes Office (PCSO) is preparing to charge Arroyo and former PCSO general manager Rosario Uriarte with plunder for the alleged diversion of some P150 million from the PR funds to “intelligence operations” a few months before the May 10 elections last year.

Lawyer Aleta Tolentino, PCSO director, told The STAR they have uncovered a document bearing Arroyo’s signature that approved the release of the P150-million intelligence fund of the agency.

“We are just gathering other documents prior to the filing of graft charges against Uriarte and possibly former President Arroyo,” she said.

Last week, Chavez pulled out from the Office of the Ombudsman the complaint for plunder, malversation of public funds, violation of the Constitution and election laws against Arroyo.

Chavez said Arroyo had authorized the Department of Agriculture to release P728 million and P1.59 billion from the fertilizer fund program for poor farmers in separate orders in February 2004, as the campaign period was starting.

Chavez said Arroyo cannot pontificate on good governance. “She should not have the temerity to do that because look at her trail – it’s a trail of unmitigated corruption, pillage and plunder,” he said.

Chavez said the funds were purportedly used for Arroyo’s presidential campaign.

“(Respondent Arroyo) caused the release of no less than P728 million and P1.59 billion, or an aggregate amount of P2.318 billion, of public funds of the Department of Agriculture to specific members of the House of Representatives, provincial governors, and city and municipal mayors,” read the complaint.

Chavez submitted almost 200 pages of documentary evidence, including the Department of Budget and Management’s special allotment release orders, Senate Blue Ribbon committee’s reports in 2006 and 2009, and Commission on Audit report, among others.

Chavez included in the list of respondents former agriculture secretary Luis Lorenzo Jr., former undersecretary Jocelyn Bolante, former assistant secretary Ibarra Poliquit, Budget Undersecretary Mario Relampagos, Budget director Nora Oliveros, and so-called runners Jaime Paule, Rose Lingan-Florendo, Leni Aquino and Jane Fabian.

The complaint alleged that the others had “served as conduits in the diversion of funds.”

A case involving the P728-million fertilizer fund scam is now pending before the Sandiganbayan.

However, it does not include Arroyo because the Office of the Ombudsman investigated the case when she was still president enjoying immunity from suit.

Tolentino, who is leading the PCSO legal team looking for alleged anomalies in the past administration, said they are checking statement of assets and liabilities of Arroyo and Uriarte for unexplained wealth and any link to the P150-million intelligence fund for possible filing of plunder charges.

“If we cannot link their assets to the intel fund then we will file graft charges,” she said.

The alleged diversion of P150-million PR fund was contained in a memorandum of Uriarte dated Jan. 4. 2010 to Arroyo.

In her memorandum Uriarte said there is a need to deploy confidential agents to monitor jueteng and other illegal numbers games and to check on other illegal activities that place the PCSO in bad light.

The intelligence operation would also be directed against the diversion of PCSO-donated medicine to drug stores and the operations of Small Town Lottery (STL).

The document has a marginal note “OK” with the signature of Arroyo, indicating the approval of the request.

The Jan. 4, 2010 memorandum is so far the only document that links Arroyo to alleged anomalies in the PCSO.

Other irregularities uncovered by the new PCSO board was the alleged co-mingling and juggling of the multi-billion prize, charity, and operation funds, resulting in the loss of several billions of pesos that could have provided medical assistance to the poor and needy.

Under the PCSO charter, funds generated from sales of lottery and sweepstakes tickets must be allocated to the prize (55 percent), charity (30 percent) and operation (15 percent) funds.

The PCSO has been generating over P20-billion income every year from the sale of tickets of online lottery games, sweepstakes draws and other legal number games

 

The Philippines taken off US trafficking blacklist

The United States on Monday removed the Philippines and Singapore from a human trafficking watch list that had drawn concerns from the close allies.

The US State Department’s annual Trafficking in Persons Report has become increasingly sensitive for Southeast Asian governments, which face a cutoff of US assistance if they are found to be unresponsive in fighting trafficking.

The latest report elevated the Philippines, Singapore and Laos off the watch list to the so-called Tier 2, which means that the countries do not fully meet standards on human trafficking but are making efforts to do so.

President Benigno Aquino III was delighted about the upgrade.

“The President welcomes this upgrade … and is very very appreciative of the upgrade made by the State Department,’’ Mr. Aquino’s spokesperson Edwin Lacierda said.

Sea change

Lacierda quoted US Secretary of State Hillary Clinton as telling CNN that “until the new administration of President Aquino, we didn’t really have the level of commitment we were seeking. We do now and we see a sea change of difference.”

“In response, the Aquino administration expresses its appreciation at these citations and emphasizes our continuing campaign against human trafficking,’’ Lacierda said, in reaction to Clinton’s statement.

Lacierda said the government aimed at moving “toward the abolition of human trafficking.”

In April, Mr. Aquino took the unusual step of saying that his country was off the watch list, leading US officials to clarify that no decision had yet been made.

Intensified effort

In its report, the State Department praised an “intensified effort” by the Philippines. It said the Philippines convicted 25 trafficking offenders, compared with nine the previous year, including first-ever convictions for forced labor.

Sexual exploitation

Releasing the report, Clinton said that as many as 27 million men, women and children suffered from trafficking around the world for sexual exploitation or forced labor.

“Unfortunately, because of the ease of transportation and the global communications that can reach deep into villages with promises and pictures of what a better life might be, we now see that more human beings are exploited than before,” Clinton said.

Vice President Jejomar Binay and Foreign Secretary Albert del Rosario also welcomed the removal of the Philippines from the Tier 2 watch list.

Del Rosario said the report was “a clear-cut recognition” of the significant gains made by the Aquino administration in the campaign against human trafficking.

Sustained efforts

In a statement, he lauded the Inter-Agency Council Against Trafficking (IACAT) under the leadership of Justice Secretary Leila de Lima, Justice Undersecretary Jose Vicente Salazar and Foreign Undersecretary Esteban Conejos Jr. for its hard work and sustained efforts against human trafficking.

Binay, honorary chair of the IACAT, said the government was committed to strengthen the council and its member-agencies to fight all types of human trafficking.

“Our removal from the Tier 2 watch list is the result of effective coordination from all member agencies of the IACAT and I congratulate the members of the council for all their efforts,” Binay said.

Aid cutoff averted

Susan Ople, a former labor undersecretary, said the Philippines avoided losing billions of pesos in American aid because of the upgrade.

“With this improved rating, the Philippines managed to avert the loss of an estimated $250 million in non-humanitarian assistance from the US government while sending a strong signal to human traffickers around the world,” Ople said in a statement.

Last year, she said US Ambassador Harry Thomas warned a group of Filipinos that the country was “at risk” of losing the P11 billion if it did not curb human trafficking.

Ople, president of the Blas F. Ople Policy Center, a nonprofit organization that is actively involved in the drive against human trafficking, said the upgrade should prod the government to aim for a Tier 1 ranking.

Recruitment process

She said this could be achieved if the government would secure more convictions of human traffickers and by “cleaning up the local recruitment process.”

Indonesia and Cambodia stayed at Tier 2, but Brunei, Malaysia, Thailand and Vietnam remained on the watch list. The only Asian jurisdictions on Tier 1, meaning full compliance, were South Korea and Taiwan.

US allies have sometimes responded indignantly. Singapore last year lashed out at being put on the watch list and urged the United States to examine its own record, including the treatment of its millions of illegal residents.

The United States gave itself a Tier 1 ranking but offered details about problems at home, including allegations of exploitation by federal contractors.

“I don’t think it’s fair for us to rank others if we don’t look hard at who we are and what we’re doing,” Clinton said.

Elsewhere in Asia, the State Department removed Sri Lanka and Fiji from its watch list. It praised Sri Lanka—often on the receiving end of criticism over human rights—for its first convictions under an antitrafficking law on the island, which is a major source of workers to abuse-prone Arab countries.

Micronesian traffickers

On the other hand, the United States downgraded the Federated States of Micronesia to Tier 3, meaning that some assistance will be suspended to the nation of more than 600 islands that is closely linked to the United States.

The report said that Micronesian traffickers were forcing women into prostitution in the United States with promises of well-paying jobs.

Burma (Myanmar), North Korea and Papua New Guinea remained at Tier 3. In a change this year ordered by the US Congress, countries that stay on the watch list for two consecutive years now automatically drop to Tier 3—although the administration can order an exemption.

China

US Rep. Chris Smith, who authored the 2000 act that set up the report, criticized President Barack Obama’s administration for letting China remain on the watch list again instead of dropping automatically to Tier 3.

“Two years of warning is enough. The Obama administration has again abandoned trafficking victims in China—who are predominantly women. It’s shameful,” said Smith, a Republican from New Jersey.

“Our obligation is to the victims of trafficking, not the dictatorship

 

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