11 Oct '11, 10am

Philippines urges workers to become entrepreneurs: MANILA: Remittances from overseas Filipino workers (OFW) have...

Philippines urges workers to become entrepreneurs: MANILA: Remittances from overseas Filipino workers (OFW) have...

MANILA: Remittances from overseas Filipino workers (OFW) have been driving the Philippine economy. But while consumption generates economic growth, the government is also looking long-term. It wants more OFWs to invest their remittances to become entrepreneurs. For almost 10 years, Mr Steve Tamayo worked hard as a cook, janitor, waiter, and manager in five-star hotels in Saudi Arabia and Kuwait. He was able to eventually put up a small garments shop in 1990 in Kuwait. But when the Gulf War broke out, all of Mr Tamayo's hard-earned money went down the drain. Coming back to the Philippines, he started selling packed lunches to office workers, and was able to set up his own catering business. Now, Mr Tamayo is known as the country's "Caterer King", pioneering catering services and offering a one-stop shop for events in the Philippines. "No regrets, I really appreciate my OFW ...

Full article: http://www.channelnewsasia.com/stories/southeastasia/view...

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