Filipino overseas workers offered ways to invest in annual summit

Marje Pelayo   •   November 22, 2018   •   646

OFW Summit

PASAY CITY, Philippines – The annual OFW Summit of the Villar Sipag Foundation kicked off at the World Trade Center on Wednesday (November 21).

The event offered investment seminars for returning and vacationing overseas Filipino workers to save and make use of their hard-earned money into something worthy.

“Gusto natin yung pamilya nila maiinvest ng tama para pag dating ng araw na hindi pwede mag OFW yung pamilya nila, at least makauwi sa Pilipinas may source of income,” said Senator Cynthia Villar.

Overseas Workers Welfare Administration (OWWA) Deputy Administrator Arnell Ignacio said the event is a big help for OFWs especially those who were not able to finish their contracts abroad due to inevitable circumstances.

“We can link it with Balik Pinas Balik Hanapbuhay, itong balik Pinas balik hanapbuhay ng OWWA para ito sa mga hindi nakatapos ng kontrata nila, nagkaroon sila ng problema doon umuwi dito. Binibigyan namin sila ng seminar. Binibigyan ng paunang P20,000 and then perfect na perfect na sila ay magconnect dito sa project ni Senator Villar para mayroon silang karagdagang guidance.

“Paano ko bang lalong mapapalago itong ibinigay sa akin ng OWWA,” Ignacio said.

Filipino workers who participated in the event hope to utilize the knowledge they learned from the event so they could better manage their resources.

“Malaking bagay po yun pong experience nila kung gaano yung paghihirap nila sa abroad at napabuti po yung buhay nila dahil sa mga bagay bagay tulad ng pagtitipid, yung investment at saka as well as yung retirement nila,” said Julio Dizon, a father of an OFW.

Maria Shirley Petalio who is also a parent of an OFW said that she is planning to enter into the food business.

“Magnenegosyo kami. Gusto kong negosyo pagkain katulad noong magsimula sa maliit. Iyong mabiling negosyo, ang pagkain mabili iyan,” she concluded. – Marje Pelayo (with reports from Benedict Samson)

9th OFW Summit in Pasay highlights concepts of financial literacy, entrepreneurship

Robie de Guzman   •   November 12, 2019

MANILA, Philippines – At least 4,000 overseas Filipino workers (OFW) and their dependents attended the 9th OFW and Family Summit held on Tuesday at the World Trade Center in Pasay City.

The event, with the theme “Kabuhayan sa Sariling Bayan,” highlighted the concepts of financial literacy and entrepreneurship as well as business start-ups and trends.

The summit was spearheaded by the Villar Family through its foundation, the Villar Social Institute for Poverty Alleviation and Governance (Villar SIPAG), in partnership with the Department of Trade and Industry (DTI), Department of Foreign Affairs (DFA), and other government and non-government agencies.

“Masaya po kami dahil napakaraming kababayan na OFW ang nagpunta at nagpakita ng interes sa mga livelihood or business opportunities dito sa Pilipinas na maaari nilang paglagyan ng kinita nila abroad para magkaroon ng sariling kabuhayan dito sa atin,” Sen. Cynthia Villar said in a separate statement.

“Gusto talaga namin na maraming mahikayat na ang katuparan ng mga pangarap ay hindi lamang makukuha kapag tayo ay nag-abroad. Pwede din tayong magtagumpay sa sariling bayan natin,” she added.

Resource persons invited to the summit from various agencies discussed topics on financial literacy and provided guidance on how to seize opportunities and become entrepreneurs.

“Iyon ang intention namin na in the future na babalik sila sa Pilipinas, dapat y’ong mga pamilya nila, mayroon ng hanapbuhay na naghihintay sa kanila para pwede na silang mag-retire at mag-operate na lang dito sa Pilipinas.” Villar told reporters on the sidelines of the summit.

“Hindi nila kailangang magtayo ng restaurant kung ang galing mo care-giving; or ikaw ay graphic artist, pwede kang graphic designer at ‘yon ang iyong negosyo,” DTI Secretary Ramon Lopez said.

Concerns of OFWs on where to find accredited recruitment agencies, what agencies to ask help from for problems abroad, and their rights as overseas workers were also tackled during the event.

Participants also enjoyed a raffle draw with prizes such as a house and lot, motorcycles, pangkabuhayan showcases, appliances, and other gadgets. – RRD (with details from Correspondent Asher Cadapan Jr.)

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