Although
some economic observers have noted that the country is becoming less dependent
to the OFW remittances due to an improving economy.
Still,
OFW remittances are a big boost to the economy and can further be maximized if
portions of the remittances are allocated to investments and starting a
business.
More
OFWs are returning home because of the improving economy. In addition, more job
opportunities are opening up in the country as a transition for the returning
OFWs.
However,
for OFWs that would like to create a better opportunity and life,
entrepreneurship is the better alternative.
The Philippines Small and Medium Enterprises (SMEs) comprised 96% of the
country’s economy and the addition of OFWs turned Entrepreneurs could further
grow the economic standing of the Philippines.
In addition, according to GEM Philippines, 6.2% of the adult
population are established business owners and 18.4% are engaged in early-stage
entrepreneurship (TEA). The country’s TEA rate is far higher than the average
for Asia and Oceania (13%).
An event to encourage entrepreneurship among OFWs is the
upcoming OFW and SME Christmas Expo set
December 15-16, 2015 at the Megatrade Hall, SM Megamall.
The OFW and SME
Christmas Expo will showcase the different companies that are looking for OFW
and SME business partners. In addition, investments and financial products are
present for OFWs and SMEs to see and include as part of the many choices they
can have in continuing their economic growth in the country.
On the other hand, participating companies will have the
chance to meet OFWs and SMEs invited to be buyers and guests of the event.
December is the time where OFWs celebrate Christmas with
their families. In going back to the country, they bring with them their
savings. OFW and SME Christmas Expo is a business event that combines a family
atmosphere that expresses appreciation for their efforts and sacrifices.
One of the supporting organizations of the event is the
United Filipino Seafarers (UFS).
Business World and Business Insight support the event.
The event is produced and organized by Exlinkevents –
Business Events Organizer.
- Monday, October 12, 2015
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