Thousands of overseas Filipinos make jump from worker to entrepreneur
Philippine Daily Inquirer/Asia News NetworkMANILA -- From overseas Filipino workers (OFW) to entrepreneurs.
December 29, 2012, 12:05 am TWN
Many OFWs have started to believe there are better opportunities beyond overseas work as more than 3,700 returning OFWs, including those who were repatriated from troubled countries, have ventured into business in 2012, according to the Department of Labor and Employment.
“We now reap the harvest of the government's reintegration programs as we recognize and reach out to more returning OFWs who have sought alternative sources of income and increased employability through sustainable livelihood undertakings in their own homeland,” Labor Secretary Rosalinda Baldoz said.
Citing the report of the National Reintegration Center for OFWs, Baldoz said that as of November 2012, the project has provided livelihood and financial assistance worth 38.9 million pesos (US$945,300), which benefited 3,705 individual and group OFW-beneficiaries.