The B5Media network:

OFW economy and the global financial crisis

OFW economy and the global financial crisis

There is no denying just how much our economy depends on OFW and their remittances. They’re the ones who keep our country treading above the financial murk that has plague the modern world.
Tony Lopez at the Manila Times makes an interesting observation that the overseas Filipino workers is now considered the new middle class. OFWs have real assets – land, vehicle for rent, house, savings – which would provide them with better cushion against the gloomy economy.
Now, if forecasts are true, then remittances from OFWs are expected to rise up to 10% in 2009 compared to this year’s …read more

Of global Filipinos and Expats

Of global Filipinos and Expats

V. de Leon of AJPress has a piece on the two types of Filipinos who go abroad – the global Pinoys or migrants, and the Overseas Filipino Workers (OFW) or expatriates.
As a “global Pinoy” myself, I totally agree on V. de Leon’s observation –
Traveling long distances to work abroad or reside permanently in another country does not make the global Pinoy forget — in fact, it makes him long for home and his family even more. In the midst of homesickness and loneliness, he strives hard to meet his financial goals and provide a better life for his …read more


About Us | Advertise with us | Privacy Policy | Terms of Use

All content is Copyright © 2005-2013 b5media. All rights reserved.