“Despite the challenges brought about by the pandemic, remittances remained resilient. Based on the results from the model simulated for our first objective, it showed that remittances actually cushion GDP, consumption, and national savings in hard times. Literature also showed how Filipinos send more money in times of distress to help households cope.” ... continue reading
A subsidiary of Nickel Asia Corporation, Rio Tuba Nickel Mining Corp. (RTNMC), was able to register a total national (value-added) multiplier effect of Php44.2 billion between 2017 and 2021 or Php8.8 billion per year, from its various economic projects, according to a study by economic consulting and research firm Center for Research and Communication (CRC). ... continue reading
For many Filipinos, imagining the Philippines as a first world country may be a far-fetched dream; but is it? In his newest book, entitled, “The Philippine Economy Towards First World Status,” Dr. Bernardo M. Villegas provides a lengthy discussion on why the country is geared towards becoming a first world country between the years 2040 ... continue reading
“The host government strategies reveal the strength of leadership and stability of social service system. The more comprehensive the government social services, the better it can protect the welfare of its laborers, including foreign workers.” … The situation of foreign workers in different countries and ... continue reading
We probably know bits and pieces about overseas employment from what we see in the news and social media but we may not fully appreciate the process and the people behind overseas work. This is what this article describes. Many of those who attempt to apply for work abroad think that they can do so ... continue reading
When global leaders, top businessmen or executives talk about jobs post-COVID-19 pandemic, there is emphasis on technology, Work from Home, service with minimal physical contact, webinar meetings, acceleration of the pace of digital transformation, access to new platforms and digital marketplaces. They warn that there will be new ways of customer service and product delivery ... continue reading
If thousands of OFWs have come home through an amnesty program or voluntarily due to the ‘No work, No pay’ situation in their country of work, there are still millions who have decided or are compelled to stay. Thanks to the Coalition of Licensed Agencies for Domestic and Service Workers (CLADS) and the Overseas Placement ... continue reading
This COVID-19 pandemic has shaken the lives of those desiring to work overseas, as well as those coming home. For those applying for overseas work, the good news is that some Asian countries, such as Malaysia, Taiwan, Hong Kong and Singapore are ready to resume employment of migrant workers. This comes at a time when ... continue reading
If you’re an investor looking to venture in foreign markets, it’s important to make sure that you are well-equipped with all the right information and plans before making that huge leap. There are many ways in which foreign direct investment or FDIs can undertake a business within the Philippines. Some may wish to directly obtain ... continue reading
Remittances are funds transferred by migrants to their home country or private savings of overseas foreign workers (OFWs) spent within their home country. Many developing nations, including the Philippines rely on remittances as a source of funds that form part of the country’s overall domestic production or Gross Domestic Product (GDP). Generally, OFWs send more ... continue reading
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