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Special
Edition on Financial Literacy for Overseas Filipinos and their
Families (Part 1)
Ex-OFWs, advocates confront business realities
CALOOCAN
CITY –FORMER overseas Filipino workers trying their hands
in business are discovering the cold truth of the market: rules
are unforgiving to those unprepared. While social enterprise advocates
say the shock is due to lack of skills and training in entrepreneurship,
former OFWs with businesses believe “luck” has something
to do with it. JEREMAIAH M. OPINIANO reports
for the OFW Journalism Consortium.
Full
story
‘Ever
been scammed?’
MANILA–OVERSEAS
worker’s wife Virginia Recuerda’s mind wanders to a
Citibank check in her drawer every time a television show on scams
began airing at Channel 11 recently. That check for US$3,000 and
the show remind her of how trust in other people could lead to financial
disaster. JEREMAIAH M. OPINIANO reports for the OFW Journalism Consortium.
Full
story
Seafarers
turn to cooperatives for borrowings
MANILA–SAVINGS and investment groups like the
Magsaysay Employees, Crew and Allotees Developmental Cooperative
(Mecadec) have given seafarers an alternative to banks for borrowing
and growing their money. Among its members are Amparo Munariz and
her seafarer husband who, for being a loyal member for two decades
now, said they wouldn’t have it any other way. LEO J. SANTIAGO
reports for the OFW Journalism Consortium. Full
story
Bogus
schemes galore
MANDALUYONG CITY—PSEUDO investment schemes
such as Ponzi and pyramiding do not only promise quick cash to ordinary
investors, but also rake in millions to billions of pesos for operators.
JEREMAIAH M. OPINIANO explains the dynamics of these schemes in
a report for the OFW Journalism Consortium. Full
story
OFW Journalism Consortium Inc. in partnership with the Ateneo de
Manila University-Economic Policy Reform and Advocacy (EPRA) consortium
This
article is free, but to publish, broadcast, rewrite, or redistribute
this, please write or email the OFW Journalism Consortium editor@ofwjournalism.net
for permission. |
