What is the strict citizenship requirement for a corporate entity to legally engage in recruitment?
Entities must have at least seventy-five percent of their authorized voting capital stock entirely owned by Filipino citizens.
Does the State assure the right of workers to security of tenure?
Yes, the State assures the workers’ rights to security of tenure, collective bargaining, and humane working conditions.
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Is substantial capitalization legally required to acquire a valid license to recruit workers?
Yes, applicants must definitively prove substantial capitalization as determined by the Secretary of Labor to get a license.
How should doubts in interpreting the Labor Code be legally resolved?
All doubts in interpreting and implementing the Labor Code and its rules shall be strictly resolved in favor of labor.
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Can a recruitment license be legally used at a totally different place other than what is literally stated in the document?
A recruitment license strictly cannot be used in any place other than the specific address stated on it.
How does the Pag-IBIG Regular Savings program structurally function?
Employees save ₱100.00 monthly, perfectly matched by their legally mandated employers.
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What are the distinct characteristics of the Modified Pag-IBIG 2 (MP2) Savings program?
MP2 offers flexible, tax-free high dividends with a five-year maturity period.
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What are the loan limits and terms under the Pag-IBIG Multi-Purpose Loan?
Members can borrow up to 80% of total savings at 10.5% interest.
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How does the Pag-IBIG Calamity Loan assist members during emergencies?
Affected members borrow 80% of savings at a 5.95% interest rate.
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What are the maximum loan amounts and payment terms for a standard Pag-IBIG Housing Loan?
Qualified members can effectively borrow up to ₱6 million for 30 years.
