Personal remittances from overseas Filipinos workers (OFWs) continued to rise in March 2013, registering a 3.7 percent year-on-year growth to reach US$1.9 billion, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. announced recently. This brought the cumulative remittances for the first quarter of 2013 to US$5.6 billion, higher by 6.2 percent than the level registered in the comparable period in 2012. The steady increase in personal remittances during the quarter was driven by robust remittance flows from both land-based OFWs with work contracts of one year or more (US$4.2 billion), as well as sea-based workers and land-based workers with short-term contracts (US$1.3 billion). Last year, the full-year remittances of OFWs was US$23.8 billion which is higher by 6.4 percent compared to the level recorded in the same period of the previous year.
In a study conducted by Pamilyang Overseas Filipino Workers-Small and Medium Entrepreneurs Network Foundation, Inc. (Pamilyang OFWs-SMEs), it was shown that many of the family of the OFWs are just waiting for the remittances and once they received the money, they just used it for their day-to-day expenses. Many OFW families have free time and excess money which they can utilize as investment in small business enterprises. What is important, in order for them to succeed, is by giving them vital and useful information which is the role being played since 2002 by Pamilyang OFWs-SMEs in cooperation with the government, private and non-government organization (NGO) sectors. Pamilyang OFWs-SMEs is the only organizer of expositions aimed at transforming a majority of OFW families into community entrepreneurs.
In line with this, the Pamilyang OFWs-SMEs will hold the Handog sa Pamilyang Filipino Jobs and Livelihood Expo 2013 (Part 3), Pamilyang OFWs Investment and Business Expo 2013 and 10th Filipino Seafarers Family Expo and Forum at the Harrison Plaza’s Garden Square in Manila on 28-29 September 2013. The venue is a shopping mall which is strategically located along F.B. Harrison Street, Adriatico, in the district of Malate in Manila. It is near the Department of Foreign Affairs and the Overseas Workers Welfare Administration.
In line with the 18th National Seafarers’ Day on 30 September 2013, the events are supported by President Benigno Simeon Aquino III, Vice President Jejomar Binay, Senate President Juan Ponce Enrile, House Speaker Feliciano Belmonte, Jr., and other government agencies concerned with the OFW and MSME (micro, small and medium entrepreneurs) families. It is the third of Pamilyang OFWs-SMEs’ quarterly expositions this year which are also aimed at empowering the OFW and MSME families through information, opportunities and benefits.
With this year’s expo theme “Linking and Empowering the Pamilyang OFWs and MSMEs through Media and Social Networking,” the other objective of the event is to make the country’s more than 10 million OFWs and their families, the 800,000 plus MSME families as well as those involved in the overseas employment and micro, small and medium enterprise industries aware of the various jobs, livelihood, investment and business opportunities being offered by the private, government, and NGO sectors. To ensure the success of the twin expo, we are utilizing the tri-media as well as the social networks facebook, twitter and youtube.
We invite you to be a part of the September events this year either as a PRESENTOR, SPONSOR or EXHIBITOR to further promote and market your company’s products or services in the MUST-SEE EVENT for the OFW and MSME families as well as the other key players of the two industries. We suggest that you BOOK EARLY so that your company will get a PRIME SPACE and an EARLY BIRD DISCOUNT. For queries, you may contact Ms. CHRISTINE ROQUE at tel. nos. (632) 400-6072 and (632) 695-3671. You may also visit our website: http://www.pamilyangofw.com/ for more information.
On Facebook: https://www.facebook.com/groups/137642283025174/
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