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The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG Fund (acronym of its Filipino name: Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industriya at Gobyerno [a]), is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable ...
Voluntary membership is also open to all Filipino immigrants, Filipinos naturalized in other countries, and permanent Filipino residents abroad. As a result, Pag-Ibig Fund provides representatives to accept membership applications and offer other Pag-IBIG Fund services to OFWs in the Kingdom. [28]
Overseas Filipino Worker (OFW) is a term often used to refer to Filipino migrant workers, people with Filipino citizenship who reside in another country for a limited period of employment. [3] The number of these workers was roughly 1.77 million between April and September 2020.
In December 2023, Pag-IBIG approved ₱12 billion credit line for the National Housing Authority, which will finance the development of 9,110 housing units nationwide (4,111 units in Quezon City, 1,377 in Valenzuela, 944 in Zamboanga City, and 535 in San Juan). [6] The 4PH Program is envisioned to create smart cities nationwide. [7]
The Overseas Employment Certificate is a mandatory document for all OFWS, both new hires and returning OFWs, also known as Balik Manggagawa (BM). [4] It has been a requirement since the 1980s. [5] In the Philippine, it can be obtained through the Philippine Overseas Employment Administration and other authorized processing centers. BMs can also ...
If you haven’t worried about money in a while, you might think your finances are in good shape. But is that true? These 4 questions can be a good start to understanding your financial health.
The Overseas Filipino Workers (OFWs) tend to be young and gender-balanced. Based on a survey conducted in 2011, the demographics indicate how the 24-29 age group constitutes 24 percent of the total and is followed by the 30-34 age group (23 percent) working abroad. [23] Male OFWs account for 52 percent of the total OFW population.
The Overseas Workers Welfare Administration (abbreviated as OWWA, Filipino: Pangasiwaan sa Kagalingan ng Manggagawa sa Ibayong-dagat [2]) is an attached agency of the Department of Migrant Workers of the Philippines.