OFWs in New Zealand urged to invest in Philippines

May. 28, 2007

AUCKLAND, New Zealand (via PLDT) — President Gloria Macapagal-Arroyo urged today overseas Filipino workers (OFWs) here to become overseas Filipino investors (OFIs) by investing in their home country to
further spur commerce and development.

The President made the pitch in her meeting with members of the Filipino community this afternoon at the official residence of Ambassador to New Zealand Bienvenido Tejano at 5 Bristol Place in Karori, Wellington.

“Inaalok natin na kayong mga OFW ay maging OFI at gamitin ang inyong mga inipon bilang puhunan sa paghahanda sa kinabukasan ninyo at ng inyong pamilya,” the President said.

At present, increasing OFW remittances are being used to increase human resource capital with their investments in real estate, housing, financial and capital investments such as in the stock market, government bonds and treasury bills, mutual funds and small businesses, she added.

The President pointed out that her trips abroad are necessary to attract more investments and create more jobs towards the realization of a competitive and modernized Philippines.

She said the implementation of government reforms is concentrated on the development of the economy and the super regions in
the hope that one day, “going abroad to look for jobs is an option and not the only choice for Filipinos.”
Now is the best time to invest in the country, the President said, stressing that the Philippine economy has become resilient and mature enough, undaunted even with the apprehensions brought by the conduct of the May 14 mid-term elections.

“Ang mensahe ay matatag ang ekonomiya. Hindi nasira ng pulitika ang landas na itinakda natin para sa reporma ng ekonomiya. Hindi mabubura ang progreso ng ating ekonomiya,” the President said. (OPS) (davaotoday.com)

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