House panel OKs P5B fund for jobless OFWs

The House Committee on Overseas Workers Affairs has approved a P5 billion fund to assist an estimated 500,000 overseas Filipino workers (OFWs) who may become unemployed due to the COVID-19 pandemic.

This consolidated bill, approved unanimously, aims to address the initial needs of displaced workers, covering repatriation, medical expenses, migration fees, legal assistance, and basic necessities.

DOLE Undersecretary Claro Arellano disclosed that they expect the number of jobless OFWs to increase to 500,000 by August.

OWWA Administrator Hans Cacdac reported that the agency's expenses have reached almost P500 million as of May 16, 2020, prompting a request for additional budget.

Lawmakers are also considering other measures such as a two-month wage subsidy for OFWs as part of the Philippine Economic Stimulus Act (PESA) bill.

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