Can OFWs invest even when they’re 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.

PhilHealth to Migrant Workers: Ensure Updated Records and Contributions

By: Emy Retuta

OVERSEAS Filipino Workers (OFWs) should make sure that their membership with the Philippine Health Insurance Corporation (PhilHealth) is updated before leaving the country.

Updated member records and premium contributions will help ensure that migrant worker-members of PhilHealth, including their legal dependents, will be able to avail themselves of their benefits when the need arises.


Naga City - 3rd Regional Competitiveness Summit

City Mayor John Bongat, along with City Administrator Jun Mongoso, CEPPIO Chief Allen Reondanga, ACTO Chief Alec Santon, and Clarine Palomares Tobias, former president of the Metro Naga Chamber of Commerce and Industry, received the award for the city.

The Commission on Filipinos Overseas (CFO) congratulates Naga City for being awarded as the Most Competitive Component City in the Philippines by the National Competitiveness Council (NCC). The City Government of Naga is working with CFO in the implementation of the Joint Migration and Development Initiative in Bicol. Moreover, Naga City’s online services are also pilot tested in CFO’s BaLinkBayan website.

Commission on Filipinos Overseas Signs Moa with Information and Communications Technology Office for Its Tech4ed Project

 Photo shows (L-R): MISD Director Romeo Rosas II, CFO Chairperson Sec. Imelda M. Nicolas, ICTO Executive Director Usec. Louis Napoleon Casambre and e-Society Office Deputy Executive Director Ms. Beatrice Quimson after signing the Memorandum of Agreement.

The Commission on Filipinos Overseas (CFO) and the Information and Communications Technology Office (ICTO) of the Department of Science and Technology signed a Memorandum of Agreement (MOA) on Tuesday, 30 June 2015 at the CFO Office. The MOA defines the support, cooperation and collaboration between ICTO and CFO especially with regards to the Technology for Economic Development (Tech4ED) Project, BaLinkBayan and Peso Sense Projects, respectively.