In order to attract foreign investment, the Philippine government is extending certain incentives to international companies who wish to expand their business in the country. PEZA application is then required for foreign businesses to avail of such privileges. Incentives and sweeteners for eligible companies include exemption of payment of certain taxes, import duties or other…
Hope springs eternal on the Philippines as among the most promising in the world when it comes to being a newly industrialized economy, but doing business there remains a tricky task, especially for foreign players without local assistance from the ground. Opportunity remains there, as the country is ranked 12th in terms of population but…
Hope springs eternal in the Philippines as among the most promising in the world when it comes to being a newly industrialized economy. Still, doing business, there remains a tricky task, especially for foreign players without local assistance from the ground. Opportunity remains there, as the country is ranked 12th in terms of population but…
When an overseas Filipino worker decides to enter a business to augment his or her income instead of relying on salary, it’s apparently a step on the right direction. Obviously, success depends on the business plan and its sustainability, but such entrepreneurial spirit should be borne out of the realization that being an OFW is…
Many Filipinos working abroad plan to set up a business, it’s meant to secure a long-term sustainable source of livelihood. After all, money remittance is not guaranteed forever. So when an overseas Filipino worker decides to enter a business to augment his or her income instead of relying on salary, it’s apparently a step in…
Filipinos overseas who have plans of setting up business as they move back to the Philippines will get a boost from Overseas Workers Welfare Administration. OWWA Deputy Administrator Joselito Torres said active or former OFWs who are planning to start businesses could receive assistance from the agency’s OFW reintegration program. “Kabilang sa makikinabang sa naturang…
Calling all returning seafarers and their families who are interested in setting up their own business. The Department of Labor and Employment is inviting seafarers and their families to submit a business proposal and get a chance to win in a nationwide search initiated by DOLE-National Reintegration Center for OFWs, in partnership with the Integrated…
Three Overseas Filipino Workers recently received benefits and assistance from the Overseas Workers Welfare Administration-Cordillera regional office in Baguio City. OWWA-CAR posted on its Facebook account three former OFWs who were the recent beneficiaries of cash, livelihood and medical assistance, as well as skills training assistance. Rosalina B. Casuga returned to Baguio City after working…
Small businesses in the Philippines have been suffering from a vicious cycle where they have to deal with unregistered loan sharks, also known as 5-6 lending system that charge exorbitant rates. Owners of micro-enterprises such as market vendors, sidewalk vendors and agriculture-based livelihood have little or no access or lack eligibility to loans often offered…
Program Objective: To help overseas Filipino workers and their families start or sustain their own business through access to credit, capability building, market linkage and other forms of livelihood or entrepreneurial assistance. Target Clients: All active and former member-OFWs of the Overseas Workers Welfare Administration (OWWA) OFWs’ immediate family members (only one family member per…
