An official from the Indonesia Financial Services Authority (OJK), which regulates and supervises the country’s banking, capital markets and other finance sectors, encouraged Indonesian migrant workers to save for their future.
OJK deputy commissioner of education and consumer protection Sarjito told an audience of about 300 migrant workers from Indonesia at a financial education program in Taipei yesterday “not to buy expensive products when you only have a limited amount of money and please save money for your future.”
Citing the industrious nature of Taiwanese workers, Sarjito told his compatriots that he hoped they would learn from Taiwanese how to be thrifty and how to avoid being self-indulgent consumers.
It is important for migrant workers to plan for their future because they would eventually return to Indonesia after working in Taiwan, Sarjito said, adding that if they planned well, they might be able to set up their own business.
Sarjito told the workers not to get tangled up in illegal or questionable investments.
“We [the OJK] have an obligation to educate them [Indonesian migrant workers] about their finances and also to remind them to be careful of illegal investment schemes,” he said.
The focus of the education is to be thrifty and manage money carefully, Sarjito said, adding that if the workers wanted to invest, they should invest in legal schemes and be wary of investments the promise very high returns, as they could be illegal or scams.
“There are quite a lot of them [scams]. It doesn’t just hit people with lower incomes, it also targets people with higher incomes,” he said.
Susiyanti, a caregiver working in Taoyuan, said that she thought the information was helpful.
“I want to open a business related to food when I return to Indonesia, so I came here to listen to the information,” she said.
Zaky Faishal, a representative in Taiwan for Indonesia’s largest bank, Bank Negara Indonesia, said that similar events were held in the past, with about 200 people attending last year and about 100 in 2017.
NATIONAL SECURITY: Authorities are working to confirm the identities of the military personnel involved and investigating possible illegal conduct and regulatory violations Authorities are probing possible national security implications after Kinmen police and immigration officers on Sunday found a Chinese woman allegedly posing as a tourist while engaging in prostitution involving more than 10 military personnel. The woman, surnamed Chen (陳), has since been deported, authorities said, adding that investigators are still working to confirm the identities of those implicated, as the records only listed code names and aliases. The case stemmed from a report received by the Kinmen District Prosecutors’ Office on Friday last week from the Jinhu Precinct of the Kinmen County Police Bureau. On Sunday, police, along with the National Immigration
GLOBALGIVING: ‘ Caving to external pressure is not acceptable for an organization that has cultivated justice reform and human rights for 30 years,’ one NGO said A slew of non-government organizations (NGOs) have withdrawn from the GlobalGiving fundraising platform after it announced it would use “Chinese Taipei” instead of “Taiwan” from next month. The Taiwan Good Rice Association wrote on Facebook on Friday that it was informed on April 28 via a teleconference call of the change, which was made because the platform wanted to operate in China. Taiwan Good Rice is to terminate all cooperative relationships with GlobalGiving in response to the platform’s “unilateral and non-negotiable” decision to remove references to Taiwan, the NGO said. “Taiwan is in the official name of Taiwan Good Rice Association and the
HEAVY WEATHER: Typhoon Jangmi is due to crash straight into the Ryukyus as airlines look to shift flights to larger aircraft or cancel flights to Okinawa entirely Taiwan’s international air carriers announced flight adjustments over the weekend as Typhoon Jangmi is forecast to hit the Ryukyu Islands today and tomorrow. The Central Weather Administration (CWA) upgraded Jangmi from a tropical storm to a typhoon at 8am yesterday, with the eye located 580km south of Naha city. It was moving north at 19kph. Today, China Airlines’ CI-120, CI-121, CI-122 and CI-123 flights between Taoyuan and Naha, Okinawa, have been canceled as well as CI-132 and CI-133 between Kaohsiung and Naha. EVA Air’s BR-112, BR-113, BR-186 and BR-185 flights between Taoyuan and Naha are also canceled. Low-cost carrier Tigerair Taiwan canceled IT-230,
Chinese Nationalist Party (KMT) Chairwoman Cheng Li-wun (鄭麗文) yesterday briefed her party’s Central Standing Committee regarding her scheduled visit to the US between Monday next week and June 16, saying that her purpose would be to persuade the US that the Republic of China (ROC) Constitution was a “one China” constitution that would foster stable and peaceful cross-strait relations. The ROC Constitution is the most important defense for all Taiwanese citizens, as it upholds our democracy and has contributed to our robust economy, which aligns with international and US interests, she said. “We would not be troublemakers and drag the US under,”
RSS