Foreigners staying in the Philippines do not need to secure Alien Certificate Registration Identity Card (ACR I-CARD) from the Bureau of Immigration (BI), the Philippine Retirement Authority (PRA) announced onTuesday, Aug. 16.
But it was quick to point out that those who would enjoy such privilege
MANILA - The Supreme Court (SC) has turned down a petition filed by a Taiwanese couple questioning their indictment for estafa filed by a firm they had invested in but with which they later had a falling out. In a 13-page decision uploaded online April 18, the SC's Second Division denied the petition filed by spouses Eric Wu and Daphny Chen and affirmed the Court of Appeals' resolution which in turn set aside the decision of the Manila Regional Trial Court (RTC Branch 112 and 114) which had quashed the criminal charges. The Wus are Taiwan nationals residing in the Philippines under a Special Resident Retiree's Visa (SRRV) upon their investment and deposit of $90,000 with the Philippine Retirement Authority (PRA) of the Board of Investments (BOI). In 2002, a local company, Hafti Tours Inc. (HTI) asked the couple to pull out their money from PRA and instead invest in HTI in exchange for 47,440 shares of stock. While awaiting the approval of the PRA on the withdrawal of the co
Labor Secretary Silvestre Bello III (PNA file photo by Joey Razon) MANILA - The government is strengthening its monitoring of the economic activities of foreign nationals, including retirees, as the country continues to allow the entry of foreign labor even in the face of the pandemic. The Department of Labor and Employment (DOLE) and the Philippine Retirement Authority (PRetA) last week signed a memorandum of agreement (MOA) allowing the free exchange of foreign national data between the two agencies at the DOLE Central Office. "This data-sharing agreement will facilitate the exchange of information between DOLE and PRetA for better coordination, rendering of services, and monitoring of foreign nationals within our purview," Labor Secretary Silvestre Bello III said in a statement on Sunday, highlighting the shared goal of the two agencies of monitoring the economic activities of foreign nationals in the country. Under the agreement, PRetA can now verify the employment inform
AS the country allows the entry of foreign labor even in the face of the pandemic, the Department of Labor and Employment (DOLE) and the Philippine Retirement Authority (PRA) have recently signed an agreement allowing the free exchange of foreign national data to monitor their economic activities in the Philippines.…
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