President Marcos Jr. calls on OFWs to invest in Phl

President Ferdinand Marcos Jr. meets with the Filipino community in Honolulu, Hawaii U.S.A. whom he said was very welcoming to them and took them in when their family fled the Philippines in 1986. 19 November 2023. PPA POOL PHOTO/ MARIANNE BERMUDEZ
UNITED STATES – President Ferdinand Marcos Jr. on Saturday (US Time) urged Overseas Filipino Workers (OFWs) to encourage their families and friends to visit and invest in the Philippines, highlighting the country's rich tourism potential and improving economic prospects.
Addressing a Filipino community in Los Angeles before heading out to Honolulu, Marcos Jr. expressed gratitude for their unwavering support and contributions to the Philippine economy. He acknowledged the significant role of OFW remittances in sustaining the country's growth, particularly during challenging times.
Marcos Jr. highlighted the significant role of overseas Filipino worker remittances in bolstering the Philippine economy amid external headwinds.
The Chief Executive, citing latest data from Bangko Sentral ng Pilipinas, mentioned that the personal remittances from overseas Filipino workers increased by 2.2 percent to $3.13 billion in June 2023 from $3.06 billion registered in June 2022.
He also acknowledged the sacrifices made by OFWs, who work hard to provide for their families and communities back home.
"Your remittances have become a very important part of our economy. It keeps on increasing every year," Marcos Jr. said.
He further emphasized the importance of OFWs as ambassadors of Filipino culture and champions of the country's tourism, trade, and investment potential. He encouraged them to share their experiences and positive impressions of the Philippines, attracting visitors and investors.
