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Steady
supply stops skill spill, social savant says
MANILA—THEY
are the armies of salvation; the nearly a million entrants to
the country’s labor force, which an economist said ensures
the steady supply of skills to the economy. “We simply have
too much labor,” Doctor of Philosophy Alvin Ang told the
OFW Journalism Consortium (OFWJC) . Ang last month presented his
research in public affirming the continuing export of labor doesn’t
necessarily contribute to the phenomenon called “brain drain”.
JEREMAIAH M. OPINIANO reports for the OFWJC.
Full
story
Firms
tap singing-frenzy OFWs for biz expansion
MANILA—BOXER
Manny Pacquiao’s endorsement of a portable music-video microphone
shows the Filipinos’ penchant for singing and reflects the
market is deep and wide. But since revenues from the domestic market
are proving to be unreliable for his entertainment-focused business,
Butch Albarracin of the Center for Pop Music Philippines Inc., is
setting his sights on eight million overseas Filipino workers who,
despite temporarily or permanently living or working abroad, shares
one dream: becoming the next big pop superstar. WILLIAM
ALZONA and ISAGANI DE LA PAZ report for
the OFWJC. Full
story
Women
OFWs prop up spouses, business
TAGUIG
CITY–BUILDING and selling high-end houses in a war-torn land
like Jolo might appear surreal for some investors, especially overseas
Filipino workers. For former OFW Michael Abubakar who claims a successful
realty business in his hometown, links with government is key. MARLENE
H. ELMENZO reports for the OFWJC.
Full
story
Realtor’s
success proves gov’t support key to OFW biz dev’t
TAGUIG CITY—WHEN two men here felt a great financial
need, they turned to their wives, proving the resourcefulness of
Filipino women even when they are indirectly involved in business.
What former overseas workers Leticia Marrero and Didi Dayag had
in common was having a focus on the reasons for working abroad and
their subsequent decision to come back having achieved their goals.
MARLENE H. ELMENZO reports for the OFWJC. Full
story
SIDEBAR
Filipino foreign funds flow foils farm progress —economist
MANILA—Japan-trained
economist Dr. Alvin Ang is getting worried the Philippines is getting
too much money from Filipinos abroad while government failed to
hit the domestic economic performance target last year. Rising inflows
of remittances, he says, is “causing sharp declines in agricultural
production,” Ang said in his paper “Workers’ Remittances
and Economic Growth.” JEREMAIAH M. OPINIANO
reports for the OFWJC.Full
story
How
to take care of your money?
Read
the stories of the OFW Journalism Consortium on financial literacy
for Filipinos abroad and their families back home. Click
here
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