Overseas Filipinos urged to invest in SMEs in PH

Posted at 02/27/2013 9:56 AM | Updated as of 02/27/2013 3:16 PM

MANILA, Philippines - Overseas Filipinos can help the government sustain the Philippines' economic growth by investing in micro, small, and medium enterprises here.
 
“I invite you who have been blessed by the lives that you live in different parts of the world. There are those who are still challenged in other parts of the world, but I think for most of you leaders of global diaspora you have the opportunity now to give back and pay forward,” said Social Welfare Secretary Dinky Soliman.
 
Soliman noted that most overseas Filipinos are already in partnership with either a local government unit or an association in their barangays or hometowns.
 
“That is laudable,” she said.
 
She said that many Filipinos abroad are supporting supplementary feeding, building of classrooms and day care centers—programs that are essential to ensure that children, young adults and poor senior citizens and families are provided some reprieve from their poverty.
 
“What I’d like to invite you to invest in are micro, small and medium enterprises,” Soliman said.
 
By doing so, it would make the reform irreversible, she said.
 
“That would make the joy that many people are talking about be felt by these 70% of Filipinos who are in the rural areas, who still marginalized, who still are victims of trafficking. We can prevent all of that if were able to bring the economic growth that is felt nationwide into the levels of the barangays and to the levels of the municipalities," she said.
 
The government, she said, is doing its best to sustain the growth that the country experienced in the last few years.