Monday, May 18, 2009

Help OFWs' families become entrepreneurs themselves - Noli

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Vice President and Presidential Adviser on Overseas Filipino Workers Noli de Castro has called on the private and civic sectors to help families of overseas workers become entrepreneurs themselves.

Speaking at the pre - Valentine Dinner of the Alay sa OFW fund raising project at the Endelrun College in Makati on Feb. 12 De Castro said that by setting up new and viable businesses, OFWs' families will be helping their overseas-based member come home much sooner.

Organized by the United States-based Filipinos, the dinner was aimed at raising funds for OFWs affected by the global financial crisis. De Castro assured the participants that the government is taking steps to help troubled OFWs.

Last Monday, on the instruction of President Gloria Arroyo, De Castro said a multi-sectoral forum was held in Malacanang to come up with effective and timely interventions for workers who have been displaced by the recession.

He said the government has met with the business sector to find ways of preserving existing jobs and creating new ones.

De Castro said he has directed the Pag-Ibig Fund to set aside P 82 billion for housing and multi-purpose loans.

In addition, De Castro, said Pag-Ibig along with SSS will implement loan restructuring programs, including condonation of penalties.

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