EXECUTIVE ORDER NO. 470

: The uniform placement fee ceiling is one month salary, exclusive of documentation and processing costs, for all landbased workers including those hired for the Taiwan and Korean markets.
: The Taiwan and Korean markets were specifically included in the amended placement fee ceiling.
: Prior to this memorandum, the fees for Taiwan were one month salary as mobilization fee plus P5,000.00 placement fee.
: For Korea, the fees were P10,000.00 mobilization fee plus an engagement fee of P5,000.00 under the Korean Federation of Small Business Scheme.
: It took effect immediately upon issuance on May 8, 1998.
: It fixed the allowable placement fee that a landbased agency may demand and collect from its hired workers at a ceiling equivalent to one month salary, exclusive of documentation and processing costs.
: Because the prevailing fees in Taiwan and Korea were higher and varied, and there was a need to respond to changing market conditions and rising costs of deployment and placement of workers.
: Yes, agencies and employers who are presently non-fee charging are encouraged to continue such practice.
: Cresenciano B. Trajano, Secretary of Labor and Employment, was the chairman of the POEA Governing Board.