ABU DHABI // A new online system could soon let Filipinos leave their country or the UAE without having to queue for an exit permit.
"We are hoping to implement it this year," said Hans Cacdac, who took over as head of the Philippine overseas employment administration (POEA) on January 2.
"Fast-tracking the processing of overseas employment certificates (OECs) is one way of easing the undue burden caused to overseas Filipino workers (OFWs)."
There is still work to be done, though - the budget for the online system has still to be approved, as have other details.
"It requires scrutiny by stakeholders within the Department of Labour and Employment and computer experts in government," Mr Cacdac said. "We need to ensure that the online system will not be an opportunity for illegal recruiters to exploit it."
He also plans to reopen OEC processing kiosks in malls in Manila. The kiosks had previously been set up at shopping malls during Christmas 2010, but were scrapped due to low turnout.
New Filipino hires, and Filipino expatriates returning from visits home, need to secure an exit clearance certificate before they leave the country. It proves they have been hired legally.
At the moment, the certificates are available from the Philippine overseas labour office in Abu Dhabi or Dubai, and at the POEA's main office in Manila. These certificates then have to be verified at the airport.
And while there are verification counters at Manila's three main airport terminals, there have been complaints that the process there is time-consuming - adding up to half an hour before check-in - and inconvenient.
When Gloria Rose Radoc's relatives sent her off at the airport on January 3, she noticed that the verification process took many other passengers by surprise.
"The staff at the airport should inform them beforehand," said the 42-year-old business development manager, who lives and works in Dubai.
She used the verification counter at Terminal 1 of the Ninoy Aquino International Airport - but said the OFW lounge was awkwardly located.
"Why can't it be located inside the airport and closer to the airline check-in counters?" she said. "You need to use another entrance and it's such a hassle lugging around your bags inside the [overseas Filipino workers'] lounge."
Passengers have to leave their luggage unattended in one corner of the lounge to join a long queue to have their travel documents checked.
Then they have to take another trolley outside the airport, and queue again for a security check at the departure area.
"It's so disappointing," said Ms Radoc. "Our government regards us as modern-day heroes but we're not treated like one at our airport."
A 35-year-old Filipina web designer in Dubai said she had been about to check in when she was told she needed to leave the departure area to get her documents verified.
"Why do we have to endure another line at the airport?" she asked. "Haven't they been verified when we submitted our documents in Dubai?"
After verification, she was faced with a 20-minute wait for a security check to get back into the terminal building. "It's so inconvenient. Passengers with last boarding calls had no choice but to jump the queue."
In March 2008, Rosalinda Baldoz, the POEA administrator at the time and now the labour secretary, dropped the verification of the OECs after President Gloria Macapagal-Arroyo ordered the streamlining of the procedure. But Carlos Cao Jr, after taking over from Ms Baldoz, revived it in March.
Mr Cacdac said he was "aware of the pros and cons of the OEC validation", and expects to visit the airport counters in Manila today to assess the situation.
"I will speak to the airport authorities and look at the possibility of moving them [the counters]," he said.
"We have to look at both sides of the issue. While the validation of OECs seeks to ensure that the departing passengers are legitimate OFWs, we also want to make sure that they are not inconvenienced."
rruiz@thenational.ae
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
FIGHT INFO
Men’s 60kg Round 1:
Ahmad Shuja Jamal (AFG) beat Krisada Takhiankliang (THA) - points
Hyan Aljmyah (SYR) beat Akram Alyminee (YEM) - retired Round 1
Ibrahim Bilal (UAE) beat Bhanu Pratap Pandit (IND) - TKO Round 1
Men’s 71kg Round 1:
Seyed Kaveh Soleyman (IRI) beat Abedel Rahman (JOR) - RSC round 3.
Amine Al Moatassime (UAE) walk over Ritiz Puri (NEP)
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
Profile of RentSher
Started: October 2015 in India, November 2016 in UAE
Founders: Harsh Dhand; Vaibhav and Purvashi Doshi
Based: Bangalore, India and Dubai, UAE
Sector: Online rental marketplace
Size: 40 employees
Investment: $2 million
BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
MATCH INFO
What: 2006 World Cup quarter-final
When: July 1
Where: Gelsenkirchen Stadium, Gelsenkirchen, Germany
Result:
England 0 Portugal 0
(Portugal win 3-1 on penalties)
Frida%20
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Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat
The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster