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Due to the 2018 Kuwait–Philippine diplomatic crisis the Philippines banned the deployment of Filipino workers to Kuwait in February 2018. [8] Deployment of "skilled" and "semi-skilled" were allowed on May 12 [9] and the ban was completely lifted on May 16. [10] Partial May 12, 2018 – May 16, 2018: Libya Total February 22, 2011 – December ...
The current bank is the product of the Banco de Oro–Equitable PCI Bank merger.The boards of both banks agreed to merge on December 27, 2006. The new BDO Unibank retained the ticker symbol of the old Banco de Oro, and 1.3 billion BDO shares were issued in exchange for 727 million Equitable PCI Bank shares.
The Philippine Overseas Employment Administration (POEA; Filipino: Pangasiwaan ng Pilipinas sa Empleo sa Ibayong-dagat [2]) was an agency of the government of the Philippines responsible for opening the benefits of the overseas employment program of the Philippines. It is the main government agency assigned to monitor and supervise overseas ...
Remittances sent by Overseas Filipino Workers to the Philippines from abroad are not themselves subject to taxation by the Philippine government, which has no jurisdiction over foreign remittance. However, a value-added tax is imposed on transfer fees charged by the remittance companies. [ 21 ]
BDO Italia SpA is an audit firm in Italy and it is the Italian member firm of BDO International. In 2024 BDO had 14 offices across Italy, with 1,200 professionals and over 80 partners. The firm offers auditing, ESG consultancy, M&A advisor, tax and law services to organisations in the private and public sectors and is the 5th largest audit firm ...
The creation of the Migrant Workers and Overseas Filipinos Act of 1995 (RA 8042) was triggered by the growing pressures on the Philippines imposed by the murder case of Flor Contemplacion. [12] This case almost severed bilateral ties between the Philippines and Singapore (Contemplacion's host country), negatively affecting the former's economy ...
On June 17, 1950, Equitable Banking Corporation was founded by Go Kim Pah [1] as the first commercial bank in the Philippines, licensed by the newly formed Central Bank of the Philippines (now Bangko Sentral ng Pilipinas). Other commercial banks like Bank of the Philippine Islands were formed and licensed during the Spanish or American regimes ...
The global financial crisis of 2008–2009 took a toll on the working Filipino population in the United Arab Emirates, with 3,000 Filipino workers losing their jobs in December 2008 alone. [6] The overall population shrank by 20% at the end of 2008 as compared to the end of 2007. [ 2 ]