filipino globe world
May 2008
15
Japan expands hiring of nurses and caregivers
Japan is set to accept nurses Philippines, but it has yet to be
and elderly-care workers from ratified by Manila.
Indonesia, possibly as soon as The nurses and care workers
July, the financial daily Nikkei said would undergo six months of
on Friday, as the country struggles training and language education
to care for its rapidly growing ranks before heading to hospitals
of old people. and homes for the elderly, the
The Japanese government Nikkei said. If they fail to gain the
has long kept immigration to
Demand for nurses is growing.
appropriate Japanese qualification
a minimum, partly for fear of a before their visas run out, they will
possible rise in crime. But the experienced nurses and 600 have to return home, it said.
dearth of young people has forced experienced care workers to work The Indonesian nurses and care
Tokyo to rethink its attitude to in Japan on special three and workers will be paid similar salaries
foreign workers. four-year visas, the paper said. to their Japanese colleagues, the
The upper house of parliament The lower house approved the paper said. Japan is the most
on Friday approved an Economic agreement last month. rapidly ageing country in the world,
Partnership Agreement with Tokyo has already signed and 40 per cent of the population
Indonesia which would allow 400 a similar agreement with the will be 65 or older by 2055.
The spurious export loans resulted in losses of more than US$10 million
for the US Exim Bank. Accomplices also operated in the Philippines.
California man
jailed over
US$10m RP
loan fraud
Court orders Edward Chua to return
millions obtained from dud transactions
A California businessman, who
schemed with a Philippine-based
BY THE NUMBERs
co-conspirator to defraud the US
Amount, in US dollars, pocketed by Edward
Chua from fraudulent bank transactions
Export-Import Bank (Ex-Im Bank)
of about US$10 million over a five-
year stretch, has been sentenced to 37
months in US prison.
The announcement was made by
3000,000
US Assistant. Attorney-General Al-
ice Fisher of the Criminal Division
and US Attorney Jeffrey Taylor of the vember 1999 until January 2005, he
District of Columbia, following sen- acted as a purported “exporter” in ap-
tencing Edward Chua, 55. proximately US$10 million worth of
In addition to his prison sentence, fraudulent loan transactions.
Chua was placed on 36 months of During that time, he also falsified
supervised release and ordered to documents sent to US banks and to
pay the Ex-Im Bank restitution of the Ex-Im Bank, and misappropri-
US$10.73 million. ated some US$10 million in loan pro-
According to court records, Chua ceeds.
pleaded guilty on July 13, 2007, to Chua admitted to keeping approxi-
one count of conspiracy to defraud mately US$300,000 of those proceeds
the United States and one count of and transferring about US$9 million
mail fraud. to bank accounts owned or controlled
Chua’s substantial assistance to by a co-conspirator in the Philippines.
government in its investigation and According to announcements from
prosecution of his co-conspirator, Washington, Chua’s sentencing is
whose name was not specified, was part of a broader investigation into an
taken into consideration during sen- US$80 million scheme to defraud the
tencing. Ex-Im Bank between November 1999
Chua was sentenced in the US Dis- and December 2005. Including Chua,
trict Court for the District of Colum- seven individuals – Daniel Curran,
bia by Richard W. Roberts. David Villongco, Robert Delgado,
As part of his plea, Chua, the former Christina Song, Edward Javier and
LBC North Point, Shop 82C, Ground Floor, Block 7-14
owner of EMMCCO and ECCO, both Jaime Galvez-- have to date pleaded NOW OPEN 233 Electric Road, City Garden Shopping Aracade
exporting companies in Montebello guilty to charges related to their in-
Tel: 2887 7489
in California, admitted that from No- volvement in the fraud.
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