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Gov’t encourages OFWs to start their own firms

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Filipino domestic helpers line up to send money at a remittance center in the central district of Hong Kong in this 2008 file photo. The government is beefing up efforts to reintegrate returning overseas Filipino workers through programs encouraging them to start businesses, the National Economic and Development Authority said. AFP/TED ALJIBE

MANILA, Philippines—The government is beefing up efforts to reintegrate returning overseas Filipino workers (OFWs) through programs encouraging them to start businesses, the National Economic and Development Authority (Neda) said.

Socioeconomic Planning Secretary Arsenio M. Balisacan said micro-, small-, and medium-sized enterprises (MSMEs) can harness the resources, experience and expertise grained by OFWs to generate employment and contribute to development.

Balisacan is also Neda director general.

The government, through the Commission on Filipinos Overseas and the Department of Trade and Industry (DTI), has put up the BALinkBayan (Business Advisory Link para sa Bayan) website to help OFWs set up businesses and investments in the Philippines.

The website provides a link to DTI’s One-Town-One-Product (OTOP) program, as well as other community-level convergence programs of the Departments of Agriculture, Agrarian Reform, and Environment and Natural Resources.

Neda said that other enterprise programs under the MSME Development Plan: 2011-2016 also aim to encourage local entrepreneurs and returning OFWs to invest their resources in the country.

As of June 2012, 19,403 participants were trained in weaving, bamboo processing, making handmade paper, branding, management and values formation to increase their productivity and access to markets.

In 2011, 2,034 OFWs were provided training by the Overseas Workers Welfare Administration and the Philippine Trade Training Center to encourage them to become entrepreneurs.

Similarly, the Rural Micro Enterprise Promotion Program continues to provide financial (microfinance) as well as technical assistance to promote the development of microenterprises.

As of June 2012, a total of 44,061 microenterprises were provided microfinancing (126 percent of target) while 22,073 (or 147 percent of target) were provided business development services, including capacity building and product development.


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Tags: Entrepreneurship , Government , overseas Filipino workers , Philippines

  • http://profile.yahoo.com/AND7MQ5FERICDOIAUW56RYT45A tower_of_power

    Clearance nito clearance doon … pila dito … pila doon … punta dyan … punta doon … makita kita mo walang tao sa counter at nagmemerienda … or sira ang computer. Punta ka ngayon kuha ka ng form … pagbalik mo bago na naman ang form … bigyan ka ng electronioc ID card … walang namang silbi … pifill up la parin ng form ………… ubos ang isa or dalawang araw sa bakasyon ng mga OFW na ilang taong pinagkayuran sa desierto.

    Magbalak ka ng negosyo … kailangan m0o ang mahabang pasyensya … Bakit? as usual … pila dito … pila doon … clearance nito … clearance nyan … permit ni mayor … permit ng police … permit ng barangay … permit and bombero … permit ng DENR …. para madli … MAGBAYAD KA NA LANG!!!! Permit ni misses … ay … kailangan pa ba yun?

    TAWAAAAAAAAAAAAAAAAAA na lang para mawala ang consomisyon!!!!!!!

  • chatlainegrace computercenter

    magbubusiness ka dito mahal nag kuryente, mahal ang upa, mahal ang taxes, pag pumatok ang negosyo mo, gagayahin ka pa kaya wala ng kikitain

  • rburke

    funny really..the Philippines is in the bottom of the list in terms of ease in of starting and doing business..too many forms..ofws experience this before they even reach Manila airport, they have to fill-up two forms, one for customs and one for immigration..imagine scrounging for a pen and trying to fill-up two separate forms asking for virtually the same information in a dimly lit airplane?..same in starting a business, too many forms from various agencies both national and local asking for the same information?..why cant we have one form and just let all the gov’t units share the same data?..then maybe we can minimize the number of steps..

    • bagongpnoi

      also minimize waste and time….

  • libraocto

    Magaling lang sa propaganda ang gobierno. Dapat sinsero sila sa pagtulong sa mga OFW.  

  • http://pulse.yahoo.com/_Q55QQJZTH3F5IF26RUZ44CYKIU Sky Blue

    uu nga, sana dumami business ng mga totoong Pinoy.. pro sana hindi lng puro retail o direct sell

  • http://joboni96.myopenid.com/ joboni96

    DIRECT RETAIL OF GOVERNMENT BONDS TO PILIPINOS ONLY

    the best way to protect the incomes
    of bayaning overseas pilipinos

    instead of enriching
    intsik switiks and their banks

    ipapahamak mo pa hard earned money
    sa mga intsik switik competition

    don’t encourage them
    support the entrepreneurial with
    practical training, registrations and loans

  • bagongpnoi

    balinkbayan? its empty, sana bago sila nagbabalita e maayos na ang website, trabaho muna bago propaganda, susmaryosep, maganda nga sana ang idea kaso inuuna ang press release. 



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