tag:blogger.com,1999:blog-34815869862143738032024-08-28T12:02:15.308+08:00OFW BANK IncubatorIncubating The OFW BANK Idea To Optimize The Great Economic Potentials Of OFWs For A Better Philippines!pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-3481586986214373803.post-20870015396312279822011-07-07T10:39:00.006+08:002011-07-08T09:45:25.523+08:00How to make money in Philippine Bank-aquired AssetsAlthough the non-performing housing loans held by Philippine banks is on a downward trend, based on the data from bangko Sentral ng Pilipinas (BSP), but the total value of these repossessed properties by the banks is still worth P9.7B to date form P12.97B as of Dec. 31 last year, a shard decrease by more than 25%, which is good news to the industry.
However, this P9.7B inventory is still huge, pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-21904519985592046202011-07-06T09:54:00.007+08:002011-07-21T06:39:08.761+08:00Can the common Filipino help improve the Quality of Education in the Phils?
High school class under the tree (photo from Philstar)
We have seen in the news, carried by both local and foreign media, that there are many of our poor students in many of our poor barangays, and even in several places in the Metro Manila, where Filipino students either hold their classes under the shed of trees or in dilapidated classrooms with broken desk chairs and worn-out writing boards.pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-26322898640256985172011-07-05T09:04:00.004+08:002011-07-05T20:01:06.803+08:00A window of opportunity for OFWs in the Energy Business
OFWs who are aspiring to be entrepreneurs can now take advantage of the economic benefits of the country’s Downstream Oil Industry Deregulation Law.
Aspiring OFW entrepreneurs can now apply for low-cost loans from the Department of Energy, through its Gasoline Station Lending and Financial Assistance Program, up to P10 Million or 80% of the total business cost, the remaining 20% being the pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-51369203168636271642011-06-26T23:26:00.002+08:002011-06-27T00:28:04.223+08:00The P1B Loan Program for Returning OFWsA website that invites Pinoys abroad to seriously explore job opportunities at home. The Government has also offered an initial outlay of P1B available credit for OFWs who want to put up a business back home either as an individual or group borrower as a partnership, corporation or cooperative.
I wonder how many have taken advantage already of this available capital for business at a highly pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-62943441314725819242011-06-22T05:34:00.000+08:002011-06-22T05:34:55.824+08:00Website invites Pinoys Abroad to Explore job opportunities at home<!--[if gte mso 9]> Normal 0 false false false MicrosoftInternetExplorer4 <![endif]--><!--[if gte mso 9]> <![endif]--><!--[if !mso]>
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pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-55257217007773215112011-04-02T19:04:00.003+08:002011-04-05T08:06:16.092+08:00Former OFW In Saudi Arabia Now Earns Twice More With Her Home-Based BusinessA former OFW who worked for 14 years as a midwife at the Saudi Arabia Naval Base Hospital now earns more than twice her original income as an OFW when she established a modern birthing home in her hometown in General Santos City.
Dolores Batchanicha put to good use the advanced training she received from the British midwives while working in that Naval Base Hospital in Saudi, on top of her pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-14775768445541539792011-03-05T09:39:00.001+08:002011-03-05T09:46:44.982+08:00Local Job Vacancies our OFWs From Libya Can Fill InHere’s one good news for OFWs returning from Libya. Labor officials at home advised the returning OWFs from Libya to keep their mobile phones on for possible job offers at home as there are over 6,000 job vacancies for Philippine-based US firms and local mining companies that Filipino skilled and professional workers can readily fill in.
Labor officials said the profiles and job records of our pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-39003033518848726442011-03-04T10:19:00.005+08:002011-03-05T09:43:27.790+08:00How To Rise and Come Out Stronger From The Libyan CrisisPer latest reports, around 11,000 OFWs have been evacuated out of Libya while there are still about 34,000 Filipino workers who need to be evacuated to safer territories. The Philippine authorities and representatives in Libya and nearby states are hard pressed to move these number as quickly as possible inspite of the great risk that they have to go through because both the pro and anti Gaddafi pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com2tag:blogger.com,1999:blog-3481586986214373803.post-2028449140033866772011-01-21T08:04:00.003+08:002011-01-31T23:11:12.459+08:00OWWA & POEA Boards Now Open For OFW NominationsMay mga magagandang balita po ngayon para sa ating mga makabayang OFW! Sa wakas, our OWWA and POEA, for the first time, are now accepting nominations for OFWs or OFW representatives to become part of their respective Board of Trustees, in compliance with the Migrant Workers and Overseas Filipinos Act.
At least 3 representatives of OFWs shall sit as part of the respective governing board of OWWA pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-49085649868218190432011-01-18T18:30:00.004+08:002011-01-21T08:08:55.578+08:00OFW Remittances Have Soared Past The $17B Mark As of Nov 2010 - BSPThe $17B OFW remittance from Jan-Nov 2010 is around P748-B! It's a very big amount infused to our local economy. (See Source).
If only our OFWs can make it a habit to save just one percent (1%) of whatever money they earn abroad, which is equivalent to P7.48B, they can very easily put up a big OFW BANK (commercial bank) just from their 1% savings! The minimum required cash capital to put up a pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-91893970289829308552011-01-18T17:21:00.003+08:002011-01-21T08:09:44.008+08:00Recent Emails Received Through The OFW BANK Incubator BlogOver the week, may mga natanggap po akong mga email sa pamamagitan po ng ating blogsite using the email address "makabayangpilipino143@yahoo.com", and let me publish them here to keep you abreast of these developments.
I have tried to "hide" their personal details to keep their privacy, unless they will advise me to the contrary. Their emails are as follows:
From DONVERCAS, an electrical/pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-16476351776782140632011-01-10T21:55:00.012+08:002011-03-04T17:47:32.079+08:00Save Money By Watching Out Your Spending Habit First!The following article about saving money is a very sensitive topic and this is not for the faint of heart and onion skinned, more so when we touch about the common spending habit of most. At least I have warned you. But keep on reading as it might just also wake up your senses. This will also help us save money to be invested later for the OFW Bank that we are pushing to realize.
SAVING MONEY IS pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-36601103183445079542011-01-09T09:09:00.006+08:002011-01-21T08:13:06.253+08:00An Emotional Blog From A Son Whose Dad Is An OFWI am posting here an exact copy of an emotional blog from a son whose Dad is an OFW who works in Libya, and I have also posted my 1 kilometer comment, long as it is but please read on because it might also help you guide your kids.The name of the blogger-child is Jeffrey Francis who is very appreciative of what his Dad is doing for their sake, and he has this big question: "How can we repay them pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com1tag:blogger.com,1999:blog-3481586986214373803.post-48776048780001550532011-01-06T08:44:00.005+08:002011-01-21T08:13:55.848+08:00Could It Be That..?For so many years, the Philippines has been sending out skilled, talented, excellent and well-experienced workers and professionals to work abroad. For a long time, our kababayang OFWs have worked in different corners of the earth to be able to send home financial support for their families. Pero ganito lang po ba talaga ang tunay na layunin at dahilan kung bakit mayroon tayong milyon-milyong pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com2tag:blogger.com,1999:blog-3481586986214373803.post-7351652853598018032011-01-06T07:48:00.014+08:002011-01-21T08:14:47.583+08:00Starting 2011 Right!Happy New Year! With an expectant heart, let us welcome the new year 2011 knowing and believing full well that God is with us, and He will never leave us nor forsake us, that He came to give us life and have it to the full.
Mga mahal kong kababayang OFWs baka hindi lang po ninyo alam na matagal na pong sinabi ng Panginoon ang plano Niya para sa atin, we may have become so busy working for a pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-18570762085202248792010-12-30T12:02:00.008+08:002011-01-21T08:15:41.129+08:00OFW BANK Related Exchange of Ideas By EmailIn my desire to be transparent to our kababayang OFWs, I have posted below some excerpts of the email exchanges between some of us here in reference to the setting up of an OFW BANK, with the indulgence of our kababayans who sent them.
From Andy P. of New Zealand:“Ako po ay nalulugod at humahanga sa inyong adhikain na makapaglunsad ng isang banko na makakatulong sa ating mga kababayang Pilipino.pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-17257769317686682302010-12-23T00:22:00.005+08:002011-01-21T08:16:44.973+08:00Binay Wants Plans for 'OFW Bank' revived - GMA NewsAgain, with the indulgence of www.gmanews.tv may I post herein in toto the said news article and pilipino's initial reaction and reservations, as follows:
Binay wants plans for 'OFW Bank' revived12/22/2010 | 02:59 PM
To bring down the cost of sending money to the Philippines, Vice President Jejomar Binay said Wednesday he is pushing for the creation of an pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-55734425470539162502010-12-22T00:09:00.006+08:002011-01-21T08:17:33.072+08:00How To Make The OFWs An Economic Powerhouse?With economic power comes respect. How can we make our OFWs an economic powerhouse? Are we already content that the OFW money sent home has become part of the financial statistics often bannered on news headlines? Can we do more than being a statistical number?
There is a pending Senate Bill aimed at establishing an OFW Bank by collecting money through compulsory contributions from the OFWs pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com6tag:blogger.com,1999:blog-3481586986214373803.post-28925532256126886302010-12-19T20:46:00.020+08:002011-01-21T08:18:23.340+08:00Minimum Capital Requirements & Stockholdings Structure For An OFW Commercial BankIn relation to our collective efforts to set up an OFW BANK, please check the following guidelines set by the Bangko Sentral ng Pilipinas (BSP) on establishing of new banks and its branches, there are certain minimum requirements that must be met. Listed below are the minimum requirements in summary form, these are copied from the BSP official website (www.bsp.gov.ph).
1. REQUIRED MINIMUM pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-60061701215162544912010-12-16T08:59:00.012+08:002011-01-21T08:19:12.144+08:00How Can We Put Up The P3B Fund For An OFW Bank?In the previous post, we have already laid down the following facts:
THIS DREAM IS NOT A WALK IN THE PARK Previously, we said that setting up an OFW Bank from start to finish is not as simple as opening your own savings account because it involves a long and circuitous process that requires our strong commitment to that vision, and much hard work and staying power if we are to see it happen in pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-89525126868346925052010-12-10T08:40:00.013+08:002011-01-21T08:19:57.719+08:00Suggestions On How To Setup The OFW BANKSetting up an OFW Bank from start to finish is not just like opening your own savings account, opening a new bank is a long process that requires your strong commitment, hard work, patience and tenacity because there are many concerns to put your mind and heart on. It may not be an easy task but we can do it, more so if a great number of OFWs are committed to this dream. And once we have pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com22tag:blogger.com,1999:blog-3481586986214373803.post-30311000595606588852010-12-09T20:55:00.012+08:002011-01-21T08:20:42.409+08:00Strong Reactions On The P1-billion Loan Program For Returning OFWsThat news article on www.gmanews.tv that appeared on December 6, 2010 entitled "Aquino Sets Up P1-Billion Loan Program For Returning OFWs" as posted in this site in toto from http://www.gmanews.tv/story/207642/aquino-sets-up-p1-billion-loan-program-for-returning-ofws draw mixed reactions from gmanews.tv's online readers, me included.
And again, with my courtesies to the GMA Network and with pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0tag:blogger.com,1999:blog-3481586986214373803.post-4189326043096211612010-12-09T08:21:00.025+08:002011-03-04T18:14:33.017+08:00Creative Business Ideas And Reactions Generated By The GMA News About The P1-billion Loan Program For OFWsThat said news article entitled "Aquino Sets Up P1-Billion Loan Program For Returning OFWs" on www.gmanews.tv that appeared on December 6, 2010 as posted in this site in toto also encouraged and generated some creative ideas and encouraging comments from some of gmanews online readers including myself. And the idea of putting up an OFW BANK was raised by one patriotic OFW and it gained pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com2tag:blogger.com,1999:blog-3481586986214373803.post-72480574977072114132010-12-09T01:07:00.016+08:002011-01-21T08:22:56.854+08:00The GMA News Online Article That Started It AllWith the indulgence of www.gmanews.tv and the entire GMA Network which article inspired the herein ideas and discussions about putting up an OFW BANK, may I herein post the said article here in OFW BANK INCUBATOR which is a direct offshoot of the long and encouraging online exchange of comments and ideas in that news article by GMA News.
I have no intention to infringe on the copyright and pilipinohttp://www.blogger.com/profile/06899276236326666497noreply@blogger.com0