The difference between the poor and the rich is not the amount of money they have but simply whether or not they have financial education. For OFWs to succeed, it is important that they have the knowledge and ability to manage their finances. So take advantage of a free seminar about financial education.

Attend this June 21 and learn:

• How to build a solid financial foundation regardless of your age or income level
• How to make money work for you instead of you working for money
• How to increase cash flow
• How to get the highest potential of your money
• How much protection do you need
• Debt management
• How to create multiple income streams
• Business opportunity

Event Details:
What: Free Financial Education Seminar

When: June 21, 2008 Saturday 2:00pm.

Where: King’s Court Bldg. 1, 2129 Chino Roces ave. (formerly Pasong Tamo) corner Dela Rosa St. Makati (near Mc Donald`s Buendia).

Get your free invite now!

A series of OFW reintegration caravans will be in key cities nationwide to deliver reintegration services closer to OFWs and their families. The caravan started last Friday, November 23 in Baguio City. Caravans in Manila, Davao City, Iloilo City would follow in December.

The caravans would be an opportunity for OFWs and their families to find productive means where they can invest their earnings and subsequently mitigate the impact of the strong peso on remittances,” DOLE secretary, Brion said.- DOLE

DOLE issued an advisory for Household service workers (HSWs) who want to work to Hong Kong or other counties against manpower agencies/ recruiters demanding and promising refund of placement fees upon deployment.

According to Arturo Brion, DOLE Secretary, the new policies issued by POEA in December 2006 removed from the HSWs the payment of placement fees to their recruiters. Report immediately to the POEA those agencies and individuals who may charge them placement fees. Agencies collecting placement fees from workers will be penalized with cancellation of license and refund of the fee collected from the worker.

Development Bank of the Philippines (DBP) in partnership with Smart Communications has launched a livelihood program for OFW’s and their family. Called OFW I-net Negosyo Program, the package aims to provide a small business to OFW’s so that they have something to look forward to when they return. Smart Communication will provide the OFW family with a Smart Bro Business-in-a-Box package. DBP on the other hand will provide the financing for the OFW.

The OFW I-net package includes:

• Brand new Pentium 4 3.0 personal desktop PC
• 1 year unlimited Smart Bro Internet connection
• Smart load retailer kit with Php 500 worth of load
• Free Smart cellphone (LG KU2050 or Nokia 6070)
• Free streamers and flyers for promoting your business

Interested? Call the DBP Remittance Center at 8189511 up 19 local 2224 or 2226 or 8938885.