Law Summary

1. Purpose of the Directive

• This directive aims to enhance the process of remittances for salaries of Filipino overseas workers to their designated beneficiaries or bank accounts in the Philippines.
• The implementation must adhere to the provisions of the Labor Code as amended and the existing rules and regulations of the Central Bank of the Philippines.

2. Responsibilities of Designated Officials

• The Governor of the Central Bank of the Philippines, the Minister for Foreign Affairs, and the Minister of Labor and Employment are tasked with the following:
  • Study and prepare guidelines and mechanisms for remittance facilitation.
  • Ensure compliance with relevant laws and regulations.

3. Assistance and Collaboration

• The designated officials may seek assistance from any government office or instrumentality.
• They are also authorized to make representations with the appropriate authorities in host countries to ensure efficient processing of remittances.

4. Reporting Requirements

• A report on the implementation of this directive is to be submitted within thirty (30) days from the issuance of the directive.

Key Points

• The directive is issued by Ferdinand E. Marcos, the President of the Republic of the Philippines, on March 26, 1982. • It specifically focuses on improving remittance processes for overseas Filipino workers. • Compliance with the Labor Code and Central Bank regulations is mandatory. • Collaboration with government agencies and foreign authorities is encouraged to expedite the process. • A mandatory report must be submitted within 30 days, detailing the implementation status.

Key Takeaways

• The directive emphasizes the importance of facilitating salary remittances for overseas Filipino workers.
• It outlines specific responsibilities for key government officials and promotes inter-agency collaboration.
• A clear deadline for reporting on the implementation of the directive underscores the urgency of the initiative.