Leyte Gov Carlos Jericho L. Petilla Hails Model OFW Families

Governor Petilla, who called the OFWs as “modern-day heroes” in his message, hailed them for their perseverance for the sake of a better life for themselves and their loved ones in spite of the distance between their families.

“Every day, we strive to honor your sacrifices” Governor Petilla said noting that there are many dedicated OFWs who work for the family and country.
He also acknowledged the contribution of OFWs to the country’s growing economy, stable society and richer culture though he admitted that “there is a tinge of sadness because it comes at the cost of being away from families”.

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Encourage Kids to Save Money

In an effort to teach children the importance of money management, the Bangko Sentral ng Pilipinas (BSP) and partner institutions have embarked on projects that seek to enable children to grow into financially responsible adults.

Just last August, the BSP and the Bank Marketing Association of the Philippines (BMAP) launched a special “Kiddie Account Program” that aims to encourage the country’s 12 million Filipino school children to save money.

Under the program, school children up to 12 years old can open bank accounts with initial deposits of R100 or less at any of the participating banks’ head offices or their 3,000 branches.

The 12 participating banks are the Development Bank of the Philippines (DBP), Bank of the Philippine Islands (BPI), China Bank Savings, East West Bank, Maybank, Philippine National Bank (PNB), Allied Bank, Banco de Oro (BDO), Philippine Savings Bank (PSBank), Philippine Veterans Bank, Security Bank, and RCBC Savings Bank.

BSP Governor Amando Tetangco Jr. said these 12 banks are investing time and resources to help Filipino children develop the habit of saving regularly.

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P1M Worth of Scholarships Released for Kalinga OFW Dependents

The Congressional District Office (CDO) of Kalinga Representative Manuel Agyao has released P1 million from the Priority Development Assistance Fund (PDAF) to the Department of Labor and Employment (DOLE) for its OFW scholarship program in the province.

DOLE Kalinga Chief Dr. Avelina Manganip said this is open to all college OFW dependents. Fourth year high school students could also register in preparation for their college studies, she said.

Qualified she said are dependents or children of Kalinga OFWs who are actively working abroad or repatriated. Brothers and sisters of single OFWs she said could also apply.

To ensure its proper implementation, the CDO and DOLE are currently working on the guidelines of the new scholarship program, but registration she said are now open to applicants.

Interested applicants could visit DOLE-Kalinga for guidance in the accomplishments of the requirements.

According to Manganip, DOLE-Kalinga is appreciative of the efforts of the CDO in helping the Kalinga OFWs through their dependents. The scholarship grant is expected to assist a significant number of OFW dependents.

Just recently, the CDO has also allotted P1 million for OFW livelihood programs. At least three proposals have already reached DOLE Kalinga while the other OFWs are now working to have their organizations registered to qualify for the program.

Source: Philippine Information Agency