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BaLinkBayan

Overseas Filipinos' One Stop Online Portal for Diaspora Engagement.about-btn

With the steady inflow of remittances to the Philippines and the growing awareness of its potential for sustenance and development, the Commission on Filipinos Overseas (CFO) recognized the need to establish BaLinkBayan. A quip on the Filipino word balikbayan (a returning overseas Filipino), BaLinkBayan is a means to connect Filipino individuals and communities to the Philippines through the Diaspora to Development (D2D) program of the CFO. This program promotes and supports diaspora-driven initiatives such as investment, philanthropy, and technology and skills transfer.

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Can OFWs invest even when they’re abroad?

source: http://business.inquirer.net/196888/can-ofws-invest-even-when-theyre-abroad
By: Randell Tiongson

QUESTION: I’ve been reading your investing articles and want to try it myself. However, I’m an OFW. Is there any way for me to invest in the Philippines while I’m abroad? —Bea via e-mail

Answer: It’s heartening that OFWs respond to financial education positively and quickly. While it’s unfortunate that our banks still require mountains of forms, signatures and personal appearances, it’s not impossible for OFWs abroad to open accounts and start investing. It just initially requires some amount of time and effort to secure your financial future.

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