Taiwan stimulus package may cut risk of further OFW layoffs | Home >> Pinoy Abroad >> Asia

Taiwan stimulus package may cut risk of further OFW layoffs | Home >> Pinoy Abroad >> Asia: "MANILA, Philippines - Overseas Filipino workers (OFW) in Taiwan may heave a sigh of relief as Taiwan’s economic stimulus package may reduce the risk of further OFW retrenchments, the Manila Economic and Cultural Office (MECO) said.

MECO resident representative Antonio I. Basilio said Taiwan’s economic stimulus program and an improvement in its export prospects could significantly reduce the number of retrenched Filipino workers in Taiwan.

Although the steady employment projections depend on an improvement in the economies of Taiwan’s major markets like the US, the country is in the midst of an economic stimulus program to pump cash into the economy.

Each Taiwanese citizen is being given cash vouchers for spending and new infrastructure and construction projects in the pipeline. Basilio said these efforts may result in new jobs for Filipinos."