Thursday 16 August 2007

Investing in the Philippines: A negative experience for OFWS

By LOUI GALICIAABS-CBN Europe News BureauOverseas Filipino workers (OFWs) in the Netherlands are discouraged from investing in the Philippines because of the bad experiences suffered by some OFWs here, reported ABS-CBN Europe News Bureau.

To help overcome the negative attitudes of these Filipinos towards doing business in their home country, the Philippine Embassy hosted an informal forum in The Hague, presided by five representatives of the Philippine Consortium on Migration and Development or PhilComDev.

Estrella Dizon-Anonuevo of Atikha, Jonas George Soriano and Salvador Umengan of Ploughshares Inc., Lurina Gargarita of Philippine Social Enterprise Network and Julyn Ambito of IDEALS represented PhilComDev, which is a coalition of more than thirty non-profit organizations in the Philippines formed to lure remittances for social-enterprise initiatives.
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