OFWs in Hong Kong, Macau urged to invest in PHL


Foreign Affairs Secretary Alan Peter Cayetano has urged Filipinos working in Hong Kong and Macau to learn how to invest their remittances to secure their family's future.
Cayetano, in separate townhall meetings with members of the Filipino community on Sunday, also advised OFWs to use some of their earnings to improve their skills so that they may seek better-paying jobs in their host country or even back home.
“I encourage you to attend regular skills enhancement and language trainings here in Hong Kong or Macau and even back in the Philippines as this will surely open better employment opportunities for you,” he said.
The secretary said he expects OFWs to take advantage of the Philippines 6.9 percent economic growth in the third quarter of 2017 to start investing their savings in the Philippines.
Cayetano added that the extension of passport validity from five to 10 years will lead to more efficient processing of multi-year work contracts for overseas workers in the long run.
“This is one of reforms that responds to your needs as overseas workers and I assure you that the Duterte Administration will strive hard to ensure that all your rights and interests are protected,” he said.
Before meeting with the Filipino community, Cayetano also inspected the repairs and renovations at the Philippine Consulate General in Macau, which sustained severe damage when Typhoon Hato struck the region in August. —Rie Takumi/KBK, GMA News

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