Singapore drops performance bond for Filipino domestic workers

Singaporean employers and agencies hiring Filipino domestic workers will no longer be required to pay a S$7,000 performance bond or provide a banker's guarantee.

This decision was part of an agreement reached between Department of Migrant Workers (DMW) Secretary Susan Ople and Singapore Manpower Minister Tan See Leng during President Ferdinand Marcos, Jr.'s state visit to Singapore.

The removal of these requirements was in recognition of the deep and abiding friendship between the Republic of the Philippines and the Republic of Singapore.

The Philippine Overseas Employment Administration has approved the proposal to exempt Singapore employers from the two requirements.

The waivers are expected to generate more employment opportunities for Filipinos in Singapore.

Singapore's Manpower Minister Tan See Leng expressed gratitude for the abolishment and reaffirmed Singapore's commitment to protecting the welfare of migrant workers.

Both nations also acknowledged their ongoing initiatives to combat human trafficking, highlighting their shared commitment to this cause.