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.