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Tuesday, January 25, 2011

SCAM E-MAIL ALERT: Fluor Group Ltd UK



Please be informed that the below e-mail is a SCAM. If you happen to recieve similar email from the same e-mail address, ignore the e-mail and do not disclose any personal and confidential information.

From : Fluor Group Limited UK "fluorrecruitsuk@gmail.com"

Fluor Group Ltd UK.
8th Floor, York House
Kingsway
London
WC2B 6UJ
Fax: +44-7005-931-330, 44-7005-930-929
Telephone: +447024057166


Dear Candidate,


Fluor Group Ltd UK receives application from all over the world.

Fluor Group is one of the World’s largest EPC companies, providing project
management, engineering and construction services to major clients in the oil,
gas, chemical and power industries.

Our UK office, the largest in Europe, continues to win world scale multi
billion dollar projects in Europe, Africa, the Middle East and the FSU. To
sustain our continued success and the strategic growth of our operations in the
UK and overseas, we are currently looking for talented, qualified and
experienced individuals to join our successful team based here in UK, where
their talents will be valued, appreciated and rewarded in an excellent working
environment.

Fluor Group UK offers its  employees a challenging and rewarding career.

Fluor Group employees work on state-of-the-art technical projects in
multi-discipline teams of engineers and project support specialists.

In addition Fluor Group offers the opportunity to work in an international
environment. People development is a key-element in our strategy: our training
programmes and performance and development planning process ensure the
continuing development of our employees.

Fluor Group values the contributions of a diverse and inclusive workforce and is
an Equal Employment Opportunity employer. At Fluor Group we believe your career is
more than just your next project.

Fluor Group Ltd UK Current Openings and job descriptions:

1) Project Logistics Coordinator - UK 

Job description

The post holder will ensure that, by managing the selected freight forwarder in
his/her everyday activities, material is delivered to site by the timeliest and
most cost effective method to meet the site construction schedule.

Minimum requirements:

*Experience of oil and gas or petrochemical industries desirable
*Experience of Project task force logistics coordination
*Able to use Word, Excel, E mail systems.
*Several years experience of logistics support role on an oil and gas or
petrochemical project
*Experience as Project Logistic Coordinator, or has worked as part of Freight 

*Forwarder team providing Project logistics support.

2) Civil Engineers - UK

Job description

The post holder will be responsible for designing earthwork, tank farms, finish
grade, paving, access and facility roads, surface drainage, catch basin, manhole
and sewer design, for petrochemical facilities. You will be familiar with
computer software such as Inroads, Excel and drainage software.
   
*You will be familiar with building industry and environmental codes.
   
*Eligibility for registration as a professional engineer with APEGGA is
required.

Minimum requirements:

Civil Engineering degree is mandatory. Field experience is an asset.

Degree Required: Yes
Employment Type: Contract
Location of Position: England
Location Type: Office
Requisition Number 13678CE

3) Architects - UK

Job Description

Coordinate architectural design of buildings for large petrochemical
facilities.
*Review & create architectural specifications and drawings for industrial
and commercial buildings (process, administration, control, camp, etc).
*Provide assistance to the Lead Engineer, as requested, in the areas of
schedules, estimates, progress reports, meetings, procurement activities.
*Exhibit thorough understanding of pertinent codes and governing regulations
and industry practices.
*Ideal candidate will have a minimum 5 years of relevant experience.

Minimum requirements:

Degree Required: Yes
Employment Type: Contract
Location of Position: Scotland
Location Type: Office
Requisition Number: 10885BR

4) Senior Design Engineer

Degree Required: Yes
Employment Type: Contract
Location of Position: Scotland
Location Type: Office
Requisition Number: 10885BR

5)  Snr Mechanical Engineer - UK

Job Description

* Performing engineering calculations, analysis and recommendations
* Making equipment sizing and selection
* Liaising with client representatives, vendors and other disciplines
* Supervising designers, and mentor junior engineers
* Excellent communication and people skills

Minimum requirements:

Degree Required: Yes
Employment Type: Contract
Location of Position: London
Location Type: Office
Requisition Number: 16483BR

6)  Senior Commissioning Engineer - UK

Job Description

*Promotes efficient and cost effective site activities by providing ongoing
assessment of personnel and current commissioning practices
*Ensures proper operation of all systems and equipment
*Ensures effective application of all strategic commissioning tools, techniques
and programs i.e.; Commissioning Manual, Field Reference Guidelines,
Manufacturers’ recommendations, CompleteIT, standard  industry practices.
*Maintains a safe and healthy work environment by following and ensuring
adherence to:
   
*Established project Safety Procedures
* Work Permit Procedures
*Work Order Procedures
*Federal, State and Local regulations
*Lock Out/Tag Out (LOTO) Procedures
*Performs other duties as assigned

This position may impose requirements specific to the host country, including
but not limited to, background checks, medical screens, and Visa requirements.

Fluor Group values the contributions of a diverse and inclusive workforce and is
an Equal Employment Opportunity employer.

Minimum requirements:

Degree Required: No
Employment Type: Contract
Location of Position: London
Location Type: Project
Requisition Number 16513BR

7) Lead Onshore Pipeline Engineer - UK

Job description

Reporting to the Pipeline Department Manager. Serve as Onshore Pipeline Lead
Engineer on assigned projects or project areas. Provide technical guidance /
supervision to pipeline engineers and CAD assigned to them. Delegate
responsibility from the pipeline department manager for work quality, cost and
schedule from the assigned team on projects or project areas. Work and interface
with other disciplines as required for successful technical and economic
completion of projects.
Key responsibilities

Planning and organising jobs
Developing and monitoring pipeline material costs, man hour estimates, and
manpower forecasts
Preparing and maintaining schedules
Understanding of UK, European, and US pipeline codes (minimum)

Minimum requirements:

Degree Required: Yes
Employment Type: Contract
Willingness to travel: Yes
Location of Position: London
Location Type: Project
Requisition Number 14652BR

8) Project Manager - UK

Job description

The project manager provides leadership to the taskforce to ensure timely
completion of all activities and deliverables during the various stages of
multi-discipline projects. The project manager is responsible for the technical
integrity of the deliverables as well as the project cost and schedule and
client relation management. Besides project execution activities the project
manager takes leadership in the development of competitive proposals, man-hour
and capital cost estimates.

Key responsibilities

Maintains client relations
Develops and maintains an appropriate business and execution strategy
Executes the project by delivering the right quality within budget and schedule
Acts in dual role, engineering and project manager, when required

Minimum Requirements:

Degree Required: Yes
Employment Type: Contract
Willingness to travel: Yes
Location of Position: London
Location Type: Project
Requisition Number 169445BR

9) Contracts Manager / Administrator - UK

Job description

Clearly identify requirements and scope of tender / bid packages,
Prepare bid package commercial requirements (terms & conditions, etc.) to
Fluor Group standard requirements,
Compile & issue bid packages (technical in liaison with Engineering),
Prepare and award sub-contractor contracts to Fluor Group standard requirements,
Review contract terms & conditions, negotiate with sub-contractors,
General office administration.

Minimum requirements:

Degree qualified, or equivalent (preferably in Business or Engineering),
Experience in a procurement function,
Experience in Contract / sub-contract administration,
Knowledge of terms & conditions, contracting policies & practices,
Business acumen and ability to learn,
Team player,
Adaptable and able to work on own initiative.

10) Project Procurement Manager - UK

Job description

Normally based in UK, but with opportunities to travel and work overseas,
serves either as a Project Procurement Manager (PPM) on a small Engineering
Procurement and Construction project (<$500m) reporting to a project manager,
or plans, organizes, directs and controls a portion of the procurement and
material management function on a larger project. Current projects are in the
Middle East, Kazakhstan, Nigeria, Russia and UK.
Key responsibilities

Sourcing materials and equipment internationally
Evaluation and negotiation
Purchasing
Expediting of deliveries
Inspection of equipment and materials
Shipment to site by land, sea, and air
Equipment covers a wide spectrum: steel towers and drums up to 500 tonnes,
heavy duty special design compressors and pumps, instrument         process
control systems, electrical equipment, and bulk piping and electrical materials.
Project total installed costs can range from multi-million to several billion
dollars.

Minimum requirements:

Experience in a general procurement role supporting oil and gas,
petrochemicals, power, or a related capital purchase industry.
Strong academic qualification preferred (MBA, MSc, BSc, etc)
Excellent interpersonal and communication skills
Good computer literacy and skills
Good leadership and decision-making skills


11) Senior Planner - UK

Job description

The Senior Planner operates in a multidisciplinary team and is responsible for
setting up a schedule and tracking and monitoring the schedule. This requires
excellent insight in various execution methods both in the home office and at
site combined with a high level of informal communication and formal
communication. The Senior Planner reports to the Project Controls Manager and
provides the Project Manager with essential input for the tracking of project
progress.

Key responsibilities

Providing a detailed planning during various project phases Frequent, monthly
progress control in percentage and time, providing advise on corrective actions
if required.
Regular risk assessments with recommendations for mitigations.

Minimum requirements:

Relevant technical degree (e.g. Civil/Mechanical Engineering)
Extensive experience in oil & gas
Knowledge of plus experience in relevant systems (e.g. Primavera)
Strong interpersonal/communicative skills
Experience leading a team
Worldwide mobility (both short and long term assignments)
Foreign site experience would be desirable

12) Health, Safety and Environmental Engineering Department Manager - UK

Job description

The post holder will act as the Manager of the Health, Safety and Environmental
Engineering Department.

Key responsibilities

Has decision making responsibility relating to HSE Engineering issues.
Provides leadership to HSE professionals on projects.
Participates in key mega-projects as required.
Participates in the HSE global function to represent UK operations.
Preparation of project proposals

Minimum requirements:

Degree Required: Yes
Employment Type: Contract
Willingness to travel: Yes
Location of Position: London
Location Type: Project
Requisition Number 18945BR

13) Site Automation Manager - UK

Job description

This position will work in concert with Project Automation and engineering to
ensure Construction Systems are enabled during the engineering design effort.
Upon mobilization of design to the field, the focus for this position would be
management and implementation of Construction site automation systems, hardware,
and procedures as documented in the Project Automation Plan.

Key responsibilities

Under general supervision as a fully competent construction site manager, site
engineering manager, or construction systems lead.         
Makes decisions independently as required to address and resolve problems as
well as to plan and coordinate work
Provides input to proposals relative to construction automation
Communicates with company and project management as well as designers and
client representatives in the establishment and implementation of site
automation systems.
Other duties as assigned

Minimum requirements:

4 - 8 years of engineering or construction engineering
3- 5 years of information technology (infrastructure/desktop support)
Bachelor of Science in engineering/construction technologies or work equivalent

14) Project Procurement Manager - Power Generation Group - UK

Job description

The Project Procurement Manager serves on small to medium sized Engineering,
Procurement and Construction projects. Under general supervision of the project
manager and functional direction of the Procurement department manager, manages
the Procurement work process and reports the material management status of
purchased material and equipment from the time of purchase through to receipt at
construction site.

Key responsibilities

Assists in the formulation of plans and the execution of the overall material
management activity, and assists in the planning and execution of specialized
Material Management activities (material control,procurement, logistics,
inspection, or field material management).
Directs the development of all material control, procurement, or field material
management activities, from the identification of material and               
equipment, through Request for Quotations, to close-out, and assigns work
packages to appropriate procurement and other material                       
management personnel.

Minimum requirements:

Typically requires 5-10 years in a general procurement role supporting oil and
gas, petrochemicals, power or related industries (with or without a   university
degree).
Degree from an accredited university preferred, but this may be waived for high
quality candidates
Excellent interpersonal and communication skills
Excellent computer literacy and skills
Excellent leadership and decision-making skills

15) QA Engineer II - Power Generation Group - UK

Job description

The post holder will apply intensive and diversified knowledge of quality
assurance principles and practices to a broad range of project assignments
within the International Power Generation Group.

Key responsibilities

Plans and executes a wide variety of technical and administrative assignments
and effectively interacts with others
Assists in the preparation of project audit schedules, discipline activity.   
 
plans for the QA function, and audit reports (internal and external), noting
nonconformance and verifying effective corrective action
Assists (if directed by senior QA management) the Project Manager in developing
an orientation program to ensure that the project teams are familiar with the
requirements of the Project Execution Plan.
Assesses (if directed by senior QA management) the ability of the suppliers to
meet the quality requirements of the project

Minimum requirements:

Degree Required: Yes
Without degree, additional six years of experience required.
Employment Type: Contract
Location of Position: London
Location Type: Project
Requisition Number 18945BR
Position requires occasional travel and potential for planned and unplanned
overtime to meet project schedules.

16) Finance Officer -UK

Minimum requirements:
A bachelor’s degree in finance, accounting, economics, or business
administration is the minimum academic preparation for financial managers.
However, many employers now seek graduates with a master’s degree, preferably
in business administration, economics, finance, or risk management.Additional
six years of experience required.

Job Description:
Financial managers or officers oversee the preparation of financial reports,
direct investment activities, and implement cash management strategies. Managers
also develop strategies and implement the long-term goals of the organization.

17 Senior Architects II- UK

Job Description

Coordinate architectural design of buildings for large petrochemical facilities.

*Review & create architectural specifications and drawings for industrial and commercial buildings (process, administration, control, camp, etc).

*Provide assistance to the Lead Engineer, as requested, in the areas of schedules, estimates, progress reports, meetings, procurement activities.

*Exhibit thorough understanding of pertinent codes and governing regulations and industry practices.

*Ideal candidate will have a minimum 5 years of relevant experience.

Minimum requirements:

Degree Required: Yes

Employment Type: Contract

Location of Position: Scotland

Location Type: Office


18) I.T/Windows Administrators and other relevant positions.


19) Medical Experts.

Fluor Group Ltd UK employee benefits include:

A competitive salary with annual performance-based reviews
Bonus awards for superior project performance
Pension scheme with life assurance and disability insurance
Flexible working hours within a nine day fortnight working pattern
Private medical insurance for you and your family
Employee Assistance Programme for information and counselling services
Generous salary uplifts and assignment provisions for working overseas
Childcare Voucher Scheme

NOTE: If you wish to apply to any of Fluor Group Ltd UK current vacancies, you
can send your current resume to Dr.Daniel King, Employee relations manager Email: fluorecruitsuk@gmail.com

If your qualifications, skills and experience match our requirements we will be
in touch.

Applications closes on the 17th of February, 2011. 

I sent an e-mail to the company to confirm the legitimacy of the above e-mail. Below is their official response.

Hello XXXXXXX:

Thank you for submitting your inquiry.

More than likely it is not a legitimate offer from Fluor.  Here are some key indications:

1.) Did you go through a telephone interview? Fluor does not extend offers to anyone without performing at least one telephone interview prior.

2.) Did the email correspondence you received come from an address that ends only as @Fluor.com?  Any other variation of an email extension is not a legitimate Fluor email account.


If you are interested in applying with Fluor, we strongly suggest doing so through our website (www.Fluor.com/Careers).

Thank you.


XXXXXXXXXX | FLUOR | FGG Recruiting |
xxxxxx@fluor.com | IODC 10.1246 | O +281.263.1246 | M
+281.221.9483 | F +281.263.1281 | | http://WorkAtFluor.com


For your information and guidance...







Saturday, January 22, 2011

DFA warns Filipinos vs fake online nursing job offers in UK


This is just a re-post of an article from  GMANews.Tv

Filipino jobseekers were warned on Tuesday against falling for dubious online job offers promising employment as nurses in the United Kingdom (UK).

The Department of Foreign Affairs (DFA) said a report on the offers from the Philippine Nurses Association-UK prompted the warning from the Philippine Embassy in London.

"The new illegal recruitment scheme involves online job offers sent by email to prospective victims, mainly nurses, who have previously submitted their resumes in public job search websites," the DFA said in an article posted on its website.

The DFA said the modus operandi involves the supposed employer and/or his solicitor (lawyer) sending the victim successive emails.

The emails contain a job offer, a Contract of Agreement with a very attractive package of wages and benefits, a Certificate of Employment, and a blank Certificate of Good Moral Character.

Once the victim submits the required documents, he or she will then be sent detailed payment procedures of processing fees via wire transfer.

The supposed solicitor-lawyer usually identifies himself or herself as a member of a prominent legal firm or as an employee of the high court.

"In some cases, the employer sends photographs of his family in the UK via email in an attempt to assure the applicant that the process is legitimate," the DFA said.

However, once the applicant pays the fees, the so-called employer and solicitor cut all contact.

The DFA noted this modus operandi is similar to other online scams earlier reported by the Embassy involving job offers for nannies, au pair, hotel staff, store managers, salespersons and engineers.

It advised the public to always verify job offers to the UK with the Philippine Overseas Employment Agency (POEA).

They may likewise send a request for job offer verification to the Philippine Overseas Labor Office (POLO) at polo.london@yahoo.co.uk or embassy@philemb.co.uk, the DFA added. – VVP, GMANews.TV
Source: http://www.gmanews.tv/story/210847/dfa-warns-filipinos-vs-fake-online-nursing-job-offers-in-uk

Tuesday, January 18, 2011

Deployment Ban of OFWs Remains in Lebanon and 4 Other Countries


This is just to share the below article from OFWGuide:


The secretary of the Department of Labor and Employment (DOLE), Rosalinda Baldoz orders the strict implementation of deployment ban to 5 Middle Eastern countries. As of this writing,employment contracts of overseas Filipino workers (OFWs) bound to Lebanon, Nigeria, Afghanistan, Iraq, and Jordan will not be processed.

The government agency deemed it necessary to guarantee the safety and welfare of OFWs.  In an article that appeared in the DOLE website, Baldoz said, "As far as the DOLE is concerned, there remain in effect restrictions on the processing and deployment of OFWs in view of the peace and order situation in those areas. The Philippine Overseas Employment Administration (POEA) is tasked to implement these restrictions imposed on both legitimate recruitment agencies and OFWs."

Baldoz said that the total deployment ban in Afghanistan, Nigeria, Iraq and Lebanon is stated in POEA Advisory No. 27 issued in 2010. In addition, the Philippine government also prohibited the hiring of newly-hired household service workers (HSWs) to Jordan.

The order to strictly implement the deployment bans came after the news that 59 distressed OFWs were repatriated from Lebanon. A report posted on the website of the Department f Foreign Affairs (DFA) said, "These OFWs are those who stayed at the Filipino Workers Resource Center (FWRC), most of whom had experiences of maltreatment from their previous employers.”

The Labor Secretary said that President Aquino is aware of the plight of Filipinos working overseas just to provide a good life for their families.As a way of thanking the OFWs for their contribution and sacrifice, President Aquino instructed the Overseas Workers Welfare Administration (OWWA) to allot a budget of Php1 billion for the reintegration program of the government.

The repatriated OFWs were welcomed by Ricardo Endaya, Executive Director of the Migrant Workers Affairs, Cynthia Lamban, Officer-in-Charge from OWWA and Office of the Vice President representative Atty. Ira Puzon.

The DFA informed, "The DFA, through the Philippine Embassy in Beirut, purchased the airlinetickets of the OFWs. It also covered the cost of hiring a bus to transport the Filipinos to the Rafic Hariri International Airport."


Monday, January 17, 2011

Urgent Jobs in UK, Australia & UAE: No Placement Fee!


This is just a re-post from the newsletter I received from "Workabroad.ph"

There are job openings in Australia and UAE with POEA-approved job orders and no placement fee!! Various jobs needed are hairstylist, marketing officer, baker, and carpenter.


On the other hand, National Ambulance Company in UAE is in need of 40 Emergency Medical Technicians. Successful applicants will enjoy annual salary of 102,000 dirhams (AED) or Php1,216,539!
Moreover, a POEA-licensed agency is looking for qualified Operating Room (OR) nurses for deployment in United Kingdom (UK) The job vacancy has no placement fee and has approved job order.


Goodluck to all ...And remender "Due deligence is a personal responsibility"

Sunday, January 9, 2011

Investment Options for OFWs (Part I)




Most of us (OFWs) are always thinking of other ways to earn additional income to assist our salary with the expenses. Many are thinking of putting up a business for the family way back home in the Philippines. Unfortunately, many failed and the business goes nowhere. Well, what would you expect for a business that was not properly planned? This has been a common mistake for most OFWs. Most of us think that putting up a business is the best investment option to have.

However, there are many other investment options available for us. Only that most of us are unaware of those kinds of investments. These kinds even doesn’t require big amount to start with and are considered low to medium risks investments.  In this entry, I will try to elaborate some of these investments (as I am aware of) with some important information for each. To have a sort of comparison, I will classify those by the rate of Risk and Yield.  Always remember the principle in investing… “Higher Yield means Higher Risk”. So, before you decide to enter to any of these investments, it must be important that you are aware of all the PROs and CONs for each. Also, another important rule “Invest only the amount of money that you can afford to lose”.  Always put in your mind that the money you put in any investment will ALWAYS BE AT RISK.

As a start of this series, I will first tackle Low Yield / Low Risk investments. These are the recommended ventures if you’re considered as a beginner.

1. Time Deposits to Banks
Yield Rate: Low
Some important information:
  • Rates are ranging from 1.5 % to 3.5% p.a. depending on the term and amount. Also varies depending on the Bank offers. There are some Banks that offer special rate for OFW account which are a little higher than the regular TD account.
  • Maturity amount is subject to 20% withholding tax and 0.50% documentary stamps tax (1 peso in every 200 pesos).
  • Time deposit account in US Dollar is subject to 7.5% tax on the maturity amount.
  • Terms vary from a minimum of 30 days to maximum of 360 days with option for automatic rollover.
  • Contact or visit any branch of your Bank of choice for their latest rates and any other inquiries.
Sample Computation 1:
Rate: 1.5% p.a., Amount: 50,000, Term: 30 days
Formula: [(Principal Amount * Rate * Term) / 360 ] 
= 50,000 x 1.5% x 30 / 360 = 62.50 (Gross Interest) Less 20% Tax = (12.50)
Net Interest = 50.00
 
Total Amount on Maturity (Principal + Net Interest) = 50,050.00
 
Sample Computation 2:
Rate: 2.5% p.a., Amount: 500,000, Term: 90 days 

= 500,000 x 2.5% x 90 / 360 = 3,125 (Gross Interest) Less 20% Tax = 625.00,  Less Doc. Stamp = 15.625 (*sometimes Doc. Stamp charge is waived by the Bank)
Net Interest: 2,484.38

Total Amount on Maturity (Principal + Net Interest) = 502,484.38

Risk Rate: Low
 
  • It is considered Low Risk because it is covered by PDIC. But, be it clear that the maximum of 500,000.00 covered amount is the TOTAL amount of ALL the accounts you have on that BANK and NOT per account or per branch.
  • Also, consider the reputation and stability of the Bank where you will invest your money. It’s recommended to place your money to some Commercial Banks which has been in the industry for long period of time. The drawback of this, they offer lower rates (a matter of decimal to 1%) compared to some other types of banks like Savings, Thrift, and Rural banks. So, your judgment depends on your choice between (higher stability but lower interest and lower risk) versus (lower stability but higher interest and higher risk).
PROs:
  • This is considered LOW RISK investment and is available almost anywhere.
  • You can start with small amount for as low as PHP 5,000.00. (vary from Bank to Bank)
  • You can withdraw your money during time of emergency. The Bank however applies a penalty on the rate for pre-terminated account (Some banks apply a Savings Account Rate with accompanying conditions on the holding period). Terms and conditions in this aspect varies within Bank's own policy.
  • Some Banks offer online facility wherein you can monitor the movement of your account though internet.
CONs:
  • This type of investment has LOW YIELD rate. As a saying goes “Hindi ka yayaman dito”.
  • Some considered this venture as a safe keeping option.
  • In the event that he Bank will close, only a maximum of 500,000 of total amount will be covered. Then consider the time it will take for you to have your claim released.
Bloggers Note:
To be fair, I did not mention any name of the Bank within this post. 


2. Government Securities

Yield Rate: Low 
Some important information:
  • Rated range is 5% - 10% p.a. interest / pay-out quarterly
  • There different types of government securities depending on the minimum amount required and the terms.
A. RTBs – Retail Treasury Bonds
The Retail Treasury Bond (RTB) is a fixed-income instrument issued by the government as a way of raising funds. Since it is backed by the Philippine government, it is generally considered a safe and liquid investment opportunity. The minimum amount to invest is only 5,000.00 why it is considered as Retail.

Source: http://www.pinoymoneytalk.com/rtb-philippines-september-2009/

B. Treasury Bonds
Treasury Bond is similar to RTB, only that it has higher minimum amount which is 100,000.00.  Both the RTBs and TBs are considered as long term investment which are ranging from 3 – 5 years.

C. Treasury Bills (T-Bills)
Treasury Bill has the same minimum amount of investment with Treasury Bond which is 100,000.00. The difference is with the term, wherein T-Bills are short-term ranging from 91,182 and 364 days term. Also, T-Bills has lower rates compared to RTBs and T-Bonds but are all subject to 20% withholding tax.
 
Risk Rate: Low *
They are considered LOW RISK because they are guaranteed by the Philippine Government. Also it can be traded on the secondary market.
 
More details will be available on the next post….
(To be continued…..)