The banker’s guarantee and performance bond that was required from Singaporean employment agencies and employers hiring Filipino domestic workers has now been abolished, said the Philippines' Migrant Worker Secretary Susan Ople on Tuesday (September 6).
Ople made the announcement as she paid a courtesy call on Singapore's Manpower Minister Tan See Leng, as President Ferdinand Marcos Jr. made his first state visit to Singapore.
In a joint statement from the Department of Migrant Workers (DMW) and Singapore's Ministry of Manpower (MOM), both sides said the move was in recognition of the "deep and abiding friendship" between the Philippines and Singapore.
The performance bond was to ensure that Singapore employers comply with rules such as ensuring medical coverage for helpers and paying their salaries on time. And according to the Philippine Overseas Labor Office website, a letter of guarantee for a S$7,000 (P285,000) Philippine Embassy bond with an insurance company in the city-state is needed when an overseas Filipino worker departs for or returns to work in another country.
MOM also requires employers to pay a $5,000 security bond for all non-Malaysian foreign domestic workers, a rule which remains unchanged.
During Marcos' trip from Tuesday to Wednesday, the two countries signed a series of bilateral agreements in areas such as data privacy, counter-terrorism and urban development.
For example, Clark Air Base is set for redevelopment by the Philippines’ Bases Conversion and Development Authority (BCDA). According to Singapore's Foreign Ministry, BCDA and Enterprise Singapore will jointly develop the New Clark City through technology transfer and partnerships in urban and smart city solutions.
In addition, the Joint Communique on the Recruitment of Filipino Healthcare Workers will pave the way for the continued deployment of Filipino health workers to the city-state, as well as greater bilateral cooperation in the field of healthcare.
There are currently about 200,000 overseas Filipino workers in Singapore, of whom 84,000 are domestic workers. The rest are professionals and skilled workers in various industries.
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