Saturday, 2 June 2007

Philippines: Gov’t urged to clarify remittance rules due to strong peso

By Jerome AningInquirerLast updated 11:14pm (Mla time) 05/29/2007
MANILA, Philippines--Seafarers have sought clarification from the Philippine Overseas Employment Administration regarding the foreign exchange rates being used by manning agencies in the country in the light of the continued appreciation of the peso against the US dollar.
In a letter to POEA Administrator Rosalinda Dimapilis-Baldoz, the groups said manning agencies' payroll schemes should be regulated by the agency, "on behalf of the thousands of Filipino seafarers who have been adversely affected by the continued appreciation of the peso." [Read more]

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