$8,000 bond suspended

Here’s good news to Engr. Caloy Carreon, OFW in Singapore, who expressed his concern to me via an SMS over the new POEA requirement for foreign companies to post $8,000 bonds for direct hiring of Pinoy workers.

The new policy was suspended yesterday pending its review.

Already suffering from a strong Peso, Carreon and many OFWs fear that the cost of the bonds would eventually be slapped on them.

I suggest POEA altogether scrap this policy which was widely opposed by OFWs, recruiters and foreign employers.

(4:58 a.m.)