About 5.6 million Social Security System members can pay their overdue loans at discounted penalties of 50 to 100 percent under a new amnesty program which will open for availment on April 2, SSS President and Chief Executive Officer Emilio de Quiros Jr. said in a press release.
The amount of condonable penalties under its Loan Penalty Condonation Program for Individual Members will depend on the borrowers’ history of loan payments, de Quiros said.
"Borrowers whose delinquency was not their fault and those who have shown more initiative to pay monthly amortizations will get a higher rate of condonable penalties as compared to members who waited until retirement to settle their obligations," he said.
Japan gives P4.1-M
training infra to NGO
A delegation from the Japanese Embassy turned over a P4.1 million training infrastructure to Pag-Inupdanay Inc. in Brgy. Guinhalaran, Silay City, Negros Occidental, recently Leo Teodisio, administrative and finance officer of PI said yesterday.
Akio Isomata, minister of economic affairs and Shigehiro Matsuda, third secretary of the economic section led the turnover of the PI Training Center that serves as educational venue for the partners of PI in the province, Teodisio said.
He said the center is a three-storey building with 15 workshop rooms and dormitories. It can accommodate 60 persons and it has training facilities for plastic welding, tailoring, and food processing, he added.
3 job fairs slated
for work abroad
The Public Employment Service Office in Bacolod City is conducting three job fairs for local and overseas employment starting today until April 13, Moises de la Cruz, PESO manager, said yesterday.
The representatives of East West Placement Center, Inc. will have an employers’ interview on skilled workers today at 9 a.m. at the MassKara Hall, of the Government Center for job vacancies in Saudi Arabia, de la Cruz said.
The agency needs engineers, specialists in HVAC chiller and control, foremen, technicians for HVAC chiller and control.