Loren Legarda Files Bill Seeking To Cut Fees On OFW Money Remittances

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Loren Legarda Information Invoice Looking for To Lower Prices Of Remittances

LOREN LEGARDA – Senator Loren Legarda has filed a invoice that seeks to guard the cash remittances of Abroad Filipino Employees (OFW).

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The primary spherical of submitting of payments and resolutions within the Senate shall be on Monday, July 25. Based mostly on the precept of seniority and size of service, Sen. Loren Legarda would be the first to be given alternative to file payments.

The politician has been a member of the chamber for 18 years. Subsequent anticipated to file their respective measures are Senators Bong Revilla Jr., Lito Lapid, and Pia Cayetano. They are going to be adopted by Senators Francis Escudero, Jinggoy Estrada, and Alan Peter Cayetano.

Loren Legarda — Picture lifted from Rappler

Final Could, former President Rodrigo Roa Duterte lauded the four-term senator for her main contributions to the nation. He famous the foremost contribution of the feminine lawmaker such because the common healthcare program, free faculty training, wage will increase for cops, troopers, and authorities personnel in addition to irrigation for farmers.

“Sa awa ng Diyos lahat ng hiningi ko, binigay niya… Yung free irrigation [for small farmers] siya nag-sponsor, siya nagpadagdag ng enhance ng sweldo ng mga pulis at sundalo, yung free faculty tertiary training, at yung sinabi kong common healthcare. Yan ang a few of the few na achievements niya,” Duterte stated.

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Based mostly on a report from Inquirer, Loren Legarda has filed a invoice that goals to cease remittance corporations from charging extreme charges on cash that abroad Filipino staff (OFWs) ship house to their households within the Philippines.

Legarda famous how the prices sometimes cut back the cash transferred to its meant beneficiaries. She said Senate Invoice No. 10 goals to permit the federal government to clamp down on unfair fees made by “intermediaries or monetary establishments” on OFW remittances.

“It’s crucial for the federal government to guard the cash transfers from a number of charges and incredulous rates of interest imposed by monetary establishments,” she stated.