The Asian Development Bank (ADB) expected the growth to quicken in the coming 2016. ADB projected a 6.3% Gross Domestic Product (GDP) for 2016. They also lowered their forecast on inflation rate from 3.3% to 3%.
These key economic indicators augur well for OFWs who wanted to return and stay for good in the Philippines, and start their own business.
Bangko Sentral ng Pilipinas (BSP) reported that cash remittances from overseas Filipinos amounted to $12.08 billion in the first six months of the year, $637 million higher compared to $11.45 billion in the same period last year.
The increased cash remittance of the OFWs show the potential of the sector to further contribute to the economy’s growth by investing their money to business.
Several OFW entrepreneur success stories have been reported and documented, indicating that the sector has the capacity to jump to entrepreneurship, given the proper guidance and education they can enlarge their economic role in the country’s further development.
There are 12 Million OFWs working all over the world, these numbers can add.
The OFW SME Christmas Expo aims to be one of the platforms to helping the OFWs and SMEs to further grow their business capacity. The event is set this December 15-16, 2015 at Megatrade, SM Megamall.
This two-day expo will highlight the following special events: 7th Outstanding OFW and Balikbayan Recognition Award (OBRA), Business Meet-up, Association General Meeting.
The 7th Outstanding OFW and Balikbayan Recognition Award (OBRA) is a recognition given to OFWs and Balikbayans that showed exemplary behavior in the following catergories: Entrepreneurship, Community Building, Family Building, Good Deeds, Positive Character, Work Ethics and Blogging.
The committee award two winners per category.
The Business Meet-up is an organized and speed-dating form of business networking allowing exhibitors and invited business decision makers to network and exchange business opportunities.
Association General Meeting is an event for different associations to conduct their meetings inside the event and Christmas Party in order to exposed their members to different exhibitors offering business opportunities in the event.
In addition, the OFW SME Christmas Expo has the following co-located events: Housing Fair, Food and Drinks Expo, National Franchise and Business Opportunity Fair, Finance and Investment Zone, Beauty and Health and Travel Philippines.
Pag-IBIG Fund, Philhealth, Ka Entrep, United Filipino Seafarers, Asenso Pinoy, Light Network, Wazzup Pilipinas, Becken Trading, Technocircle Merchandising, Brother Philippines, Citibank, Awei , PLDT KaAsenso, Gift & Media Lab Ventures and Walter Bread support the event.
The event is produced and organized by Ex-link Management and Marketing Services Corporation, to learn more about the event, contact tel. no. 643-3887 | 633-0153.