Performance bond no longer required from employers hiring Filipino domestic workers
Previously, employers had to purchase a purchase bond of $7,000.
Employers will no longer have to purchase a performance bond and submit a banker's guarantee when hiring domestic workers from the Philippines, the Ministry of Manpower (MOM) announced.
Under the existing laws, employers need to purchase a $7,000 performance bond.
Employers also need to submit a letter of guarantee for the bond from any reputable "insurance company valid for two years from the date of application at the Philippine Embassy," as per the Philippine Overseas Labor Office (POLO).
In a joint statement with the Philippines' Department of Migrant Workers (DMW), the ministry said the abolishment of the requirements was in "recognition of the deep and abiding friendship between the Republic of the Philippines and the Republic of Singapore."
Minister Tan See Leng said Singapore appreciates the removal of the requirement and affirmed the nation's commitment to protecting the well-being of all migrant workers.