FOREIGNERS ARE RUSHING INTO PHILIPPINES FOR WORK PERMIT…
Service industry is going to interesting in the Philippines; Foreign work permits exceed 100,000 in 2019, led by POGOs
THE Department of Labor and Employment (DoLE) said the number of foreign work permits it issued this year is nearly five times the 2018 total, with the influx of workers for Philippine Offshore Gaming Operators (POGO) accounting for much of the growth.
Labor Secretary Silvestre H. Bello III said in his year-end speech that more than 100,000 Alien Employment Permits (AEPs) were issued in 2019, against 21,320 a year earlier.
“We have also issued 111,583 Alien Employment Permits to foreign nationals working in the Philippines. Of this figure, 75.07% or 83,764 AEPs were issued to POGO-related establishments nationwide,” he said. READ MORE
TECHNICAL CHART EXPLAINED
- RRHI – is building is momentum for a rally
- We compared the company with the other 3 companies and we feel that is a good time to engage a BUY for this company
- The other 3 Companies we will add-on
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