By Daniel Anne Nepomuceno-Rodriguez
A COMPREHENSIVE financial literacy program for families of overseas Filipino workers (OFWs) is needed as numerous money transfer agencies and informal channels hinder savings and investments in productive activities, experts said at a forum yesterday.
“Informal channels and money transfer agencies (MTAs) decrease overseas Filipinos’ savings and investment opportunities in the country,” said Golda Myra R. Roma, director for policy planning and research at the Commission on Filipinos Overseas (CFO) at the Multi-Stakeholdersí Forum on Channeling Collective Remittances for Development yesterday.
Ms. Roma presented the highlights of a focused group discussion initiated by the CFO last February, which had 17 individuals from banks, remittance companies, money transfer companies, local government units, families of OFWs, and members of the academe.
“Cash pick-up and other instant money remittance encourage consumption,” Ms. Roma pointed out.
Read Here
A COMPREHENSIVE financial literacy program for families of overseas Filipino workers (OFWs) is needed as numerous money transfer agencies and informal channels hinder savings and investments in productive activities, experts said at a forum yesterday.
“Informal channels and money transfer agencies (MTAs) decrease overseas Filipinos’ savings and investment opportunities in the country,” said Golda Myra R. Roma, director for policy planning and research at the Commission on Filipinos Overseas (CFO) at the Multi-Stakeholdersí Forum on Channeling Collective Remittances for Development yesterday.
Ms. Roma presented the highlights of a focused group discussion initiated by the CFO last February, which had 17 individuals from banks, remittance companies, money transfer companies, local government units, families of OFWs, and members of the academe.
“Cash pick-up and other instant money remittance encourage consumption,” Ms. Roma pointed out.
Read Here
Hi, readers! =)
ReplyDeleteIf you’re interested to invest in the Philippine stock market, you can also check the Philippine Stock Exchange’s Market Education website: www.pseacademy.com.ph
Thanks!