Over half a million Pinoys sent abroad from Jan-May

MANILA, Philippines - Owing to the global preference for Filipino labor, more than half a million overseas Filipino workers were deployed in more than 190 countries in the first five months of 2008, the Labor department said.

This, as it noted that global OFW remittances have reached $5.4 billion (more than P240.89 billion) in the first four months of 2008.

In a press statement posted on the Department of Labor and Employment (DOLE) website on Friday, Labor Sec. Marianito Roque said this is more than 12 percent higher than the deployment figures during the same period last year.

Roque cited the latest preliminary report of the Philippine Overseas Employment Administration (POEA) that some 516,466 documented OFWs have been globally deployed from January to May this year, boosted by an 8.6 percent increment in new hires from 142,618 in the same period last year, to 154,841 from January to May this year.

"The 516,466 OFWs deployed from January to May 2008 represents a substantial growth of 12.4 percent (+57,052), from the total 459,414 OFWs deployed in the same period in 2007," Roque said.

Roque noted that the number of OFWs deployed during the first five months of the year alone, now represents some 51.6 percent, or more than half, of the total goal to deploy one million documented OFWs worldwide in 2008.

He added the continued growth and strength of global OFW deployment reflects the distinct global preference for Filipino workers.

In the statement, Roque said the strength of global OFW deployment significantly figures in the substantial rise in global OFW remittances, which are projected to approach or surpass $15 billion.

Roque cited the Bangko Sentral ng Pilipinas' (BSP) report saying the growth in the number of deployed OFWs reinforced remittance flows, alongside the "upbeat prospects" in the global market for sustained OFW opportunities.

The BSP report mentioned that the number of OFWs globally deployed grew by 14 percent from 350,520 in the same period last year to 399,638 during the first four months this year.

BSP also noted that the prospects for global OFW deployment remain upbeat due to the Philippines' efficient deployment system, reinforced by the country's continuing bilateral cooperation for OFW employment opportunities with emerging markets like Canada and other host countries.

The BSP report added the Philippines had also been cited as the "Best Practice Country" by the Human Resources Development Service of Korea (HRD Korea) due to the efficiency of the OFW deployment system and the process improvements. - GMANews.TV

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