OFW Bank, OFW Identification Card System To Be Launched By President Duterte This Year
Labor Secretary Silvestre H. Bello III said that the OFW
Bank and ID system, both meant to benefit and ease the lives of overseas
Filipino workers, will be operational this year.
“They will be launched this year. The OFW identification
card system will be put in place in March while the OFW Bank will be
operational by November,” Sec. Bello said.
The OFW Bank and ID system were both approved by President
Rodrigo Roa Duterte to improve the lives of OFWs.
“Ang mga OFW natin nagsasakripisyo. Sa OFW ID at OFW Bank,
matutulungan sila ng gobyerno na mas maging mabilis, maaayos, at
kapakipakinabang ang kanilang mga transaksyon” Sec. Bello said.
According to Secretary Bello, the OFW ID system is a major
component of the Integrated DOLE System (iDOLE) which links the databases of
DOLE with the databases of other government agencies such as the Department of
Foreign Affairs, Social Security System, Commission of Higher Education (CHED)
and Technical Education and Skills Development Authority (TESDA).
“The OFW can present the card to government agencies for
verification of his information and processing of a document, and he can even
use the card to transact business with the OFW Bank and other government
banks,” he said.
The Labor Chief added that the OFW card will lessen, if not
eradicate concerns on the authenticity of documents presented since a
verification of the documents can be done online.
“Mawawala na rin yung mga pekeng dokumento tulad ng training
o school certificate. Malalaman kaagad kung authentic yung dokumento dahil
maaaring i-validate online,” he said.
The OFW ID card system will also lessen the long queue and
time spent in transacting with the government since the government services can
be accessed online.
The ID card will also serve as a debit card and an ATM card
for OFW banks as well as a Beep card for the LRT and MRT.
Meanwhile, Secretary Bello said the OFW Bank will cater to
remittances and other banking needs of Filipino migrant workers all over the
world.
The OFWs will become part owners of the bank through shares
of stocks and have their own credit facilities.
Establishment of an OFW bank is among the campaign promises
of the President.
The ownership of the bank is open to all 4.8 million OFWs at
P1,000 per share. Total OFW remittance for 2016 stood at US$ 28 billion.
The Labor Secretary said that the OFW Bank will be among the
largest commercial banks in the country to be bankrolled by key government and
private agencies.
The capital for the OFW bank amounting to P3 billion will
come from the Overseas Workers Welfare Administration, the Employees
Compensation Commission and the OFWs themselves.
OFW Bank, OFW Identification Card System To Be Launched By President Duterte This Year
Reviewed by Yen
on
March 21, 2017
Rating:
Post a Comment