Top bank for OFWs?
Did you know 1: Bank of the Philippine Islands was adjudged by the Bangko Sentral as the top reported remitter of foreign exchange for 2006. In 2005, number one was Philippine National Bank.
The key word here is “reported,” since BPI, unlike other banks, included last year payments by balikbayans for Ayala Land Inc. condominium units.
Did you know 2: The Aboitiz Group has an internally set ruling of paying suppliers within 30 days.
That 30-day ruling starts upon approval of the billing by the finance department, of course.
Did you know 3: There’s talk many Davao-based fruit companies selling their branded pomelos and mangoes in Manila no longer own their own plantations.
Instead, they buy their fruits from subcontractors and then charge double the price of non-branded fruits to cover the cost of, well, advertising.
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After piloting it last November, Land Transportation Office head Reynaldo Berroya is accelerating this year the checking of papers of passenger buses plying the streets of Metro Manila.
The idea here is to see whether individual buses, for one, have certificates of public convenience (Yes, that’s how these certificates are called.) issued by the Land Transportation Franchising and Regulatory Board headed by Thompson Lantion and, for another, are plying the routes that have been originally assigned to them.
You see, there are an estimated 6,000 passenger buses doing business daily in Metro Manila, almost double the number authorized by LTFRB and a major reason for the traffic problem in the metropolis.
Initially, the buses to be flagged down are those clearly violating the country’s pollution law. In the coming months, buses will be randomly flagged down and their papers will be scrutinized.
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OFW notes 1: Recruiters specializing in placing domestic helpers abroad are seriously thinking of junking that particular niche all together as a result of the no-placement-fee-for DHs ruling of the Philippine Overseas Employment Administration headed by Rosalinda Dimapilis-Baldoz.
If realized, that means 120,000 wannabe DHs will not be leaving abroad in 2007, never mind that they are willing to pay the average placement fee of, say P80,000 per DH, in Hong Kong and Taiwan, both of which utilize the broker system.
OFW notes 2: Magsaysay Shipping, which is headed by Dories Magsaysay-Ho, is said to control the recruitment of highly paid Filipino personnel for cruise ships, which include the Disney-branded liners that dock, of course, in Florida.
In fact, the Magsaysay company is said to have such a wide database that a sea-based OFW has to wait for eight months after the end of each cruise before he/she is called up for another job.
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