Pages

Tuesday, February 21, 2012

Entrepreneurship programs offered to OFW families

Families of overseas Filipino workers (OFW) should enrol in entrepreneurship programs as a way to grow the dollar remittances they receive, according to Technical Education and Skills Development Authority (TESDA) Director General Joel Villanueva.

In a statement, Villanueva urged OFW families to enrol in TESDA's entrepreneurship programs, especially since the dollar remittances they receive from their relatives abroad are no longer enough.

"We cannot afford to just rely on remittances. I have talked to many families of OFW and they complain about having difficulties in making ends meet because of inflation. I always advise them to invest their remittances into business and become entrepreneurs instead of just waiting for their monthly remittance. I encourage them to enrol in TESDA" said Villanueva.

The TESDA chief said the country will benefit more if remittances are invested in productive endeavors, since this creates employment and additional income.

"Remittance from OFWs accounts for some 10% of the country's gross domestic product. This 10% is already a significant economic contribution. It helps keep the economy afloat despite political turmoil in countries where our OFWs work. So you can just imagine the benefits to the people and to the country if this 10% is multiplied further," he said.

One of the programs offered is the TESDA Specialista Techopreneurship (TSTP) , which aims to educate people on business administration and management.

Source: ABS-CBN News

No comments:

Post a Comment

expat
Community & Groups - Top Blogs Philippines