Overseas Filipinos (OFs) received guidance on saving and investing for the future during the second episode of the Trabaho, Negosyo, Kabuhayan (TNK) webinar series organized by the Philippine Trade and Investment Centers (PTIC) in Bangkok, Dubai, Jakarta, Jeddah, Kuala Lumpur, New Delhi, Singapore, and Sydney last July 2, 2021.

In the presentation, Sarah Padilla, bank officer under the Economic and Financial Learning Office of the Bangko Sentral ng Pilipinas (BSP), shared useful financial tips to help OFs pay debt and increase their savings. Padilla stressed that financial security is not the responsibility of OFs alone, but their families back home should also take part by saving 10 percent or more of the money they receive and use it as capital for business.

Overseas Filipino workers’ (OFWs) households set aside a third (33 percent) of remittances for savings, 17 percent for debt payments, and only 6 percent for investments, according…

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