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The OFW Hospital has a bed capacity of 102. [8] It is intended mainly to serve Overseas Filipino Workers (OFWs) and their dependents. [3] [4]In 2024, President Marcos Jr., as tribute to Department of Migrant Workers's Secretary Ople, led the groundbreaking of the Hospital's Bagong Pilipinas Cancer Care Center, which is the country's third such facility.
President Duterte signing Republic Act No. 11641 or the Act Creating the Department of Migrant Workers (DMW) on December 30, 2021. On July 12, 2019, during the Araw ng Pasasalamat for OFWs (Thanksgiving day for the Overseas Filipino Workers), President Duterte in a speech promised to finish the framework for the creation of a department that caters to the need of OFWs.
The country's GNP grew because of high rates of OFW remittances and the government believed that the money remitted was used to help start-up small businesses, boost consumer spending and enable small-scale construction. [12] In 2014, remittances from OFWs constituted ten percent of the Philippines’ Gross Domestic Product (GDP). [42]
An initial total ban ordered on OFW deployment to Micronesia in September 2018 due to reports of abuses and maltreatment of Filipino workers was partially lifted later that month, exempting returning workers from the ban. [4] [5] North Korea Total Non-compliance to Amended Migrant Workers Act. [2] Niger Total
The Overseas Filipino Bank (OFBank) is the state-owned digital-only, branchless bank in the Philippines.Formerly known as the Philippine Postal Savings Bank (PPSB) or PostBank, it is the smallest of the Philippines' three state-owned banks (the others being Land Bank of the Philippines and Development Bank of the Philippines), and is the 16th largest thrift banks in terms of assets.
When student loan borrowers began applying for loan forgiveness 10 years after the program went into effect, most were denied relief. The White House said it made administrative fixes that ...
The current bank is the product of the Banco de Oro–Equitable PCI Bank merger.The boards of both banks agreed to merge on December 27, 2006. The new BDO Unibank retained the ticker symbol of the old Banco de Oro, and 1.3 billion BDO shares were issued in exchange for 727 million Equitable PCI Bank shares.
After two consecutive years of more than 20% gains for the S&P 500 — an achievement not seen since the late 1990s — Wall Street strategists foresee a slower pace of gains for the benchmark ...