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PHL says Japan, Arab jobs fallout minimal

President Benigno Simeon Aquino III poses with the employees and officials of KEPCO Philippines during the inauguration of the 200-megawatt Korean Electric Power Corporation's Salcon Power Corporation (KEPCO-SPC) power plant in Barangay Colon, Naga City, Cebu Monday June 27, 2011. A globally competitive and leading electric utility provider, KEPCO expanded its operations to the Philippines in 1995. To date, KEPCO now provides approximately 12% of the total installed generation capacity in the country. The new power plant will address the need of the Visaysas area for affordable and reliable power supply - thus, giving a boost to Cebu's progressive and fast growing economy. The plant uses the modern Circulating Fluidized Bed Combustion (CFBC) Technology, which is more environment-friendly than those currently used elsewhere in the country. It is said to be the cleanest technology available in the world for power plants. The injection of limestone into the combustor significantly reduces sulfur emission while the formation of nitrogen oxide emissions is reduced, if not eliminated, due to the low combustion temperature of 850-900 C. (Photo by: Jay Morales/ Malacanang Photo Bureau).

MANILA, July 15, 2011 (AFP) – Philippine job losses from unrest in the Arab world and the Japan quake have had little overall impact on the amount of money the huge Filipino overseas workforce sends home, the central bank said Friday.

Cash transfers rose 6.2 percent from a year earlier to $7.9 billion in the five months to May, slightly down from its 6.6 percent growth in the same period last year, it said in a statement.

May transfers rose 6.9 percent year-on-year to $1.7 billion.

“Data… showed that Filipino workers continued to be deployed abroad, offsetting the job losses resulting from social unrest in the Middle East and North African region and the disasters that occurred in Japan,” it said.

About 26,000 Filipino workers fled Libya’s civil war this year.

The Philippine government also ordered its 1,400 citizens last month to leave Yemen.

Remittances by sailors surged 21.4 percent in the first five months, while land-based workers’ remittances grew by a slower 3.6 percent, the central bank said.

The bank said moves by Saudi Arabia, which hosts 1.3 million Filipinos, to transfer more jobs to its citizens should also likewise have minimal impact on those employed by big firms.

“Only (Filipinos) who are employed by small establishments will likely be most affected, as they have largely been non-compliant with the program to-date,” it added.

Manila also plans to negotiate with Saudi Arabia after the kingdom stopped granting work permits to Filipino domestic workers last month amid a dispute over a $400 minimum monthly pay demand.

About nine million Filipinos live or work abroad out of a total population of 94 million, remitting a record $18.76 billion last year.

The cash injections provide a massive boost to a struggling domestic economy in which a fifth of the labour force is chronically unemployed or stuck in low-paying, part-time jobs. â– 

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