Planning to Retire Soon!

If you are planning to retire in the Philippines soon, I suggest you visit several excellent websites on pro's and cons of retiring in the Philippines. However if you want to retire in the provinces, where life is simple, standard of living cheaper, less traffic congestion and pollution, availability of fresh seafood and vegetables compared to the big cities, my island province is the place for you! If this is your first time in my site, welcome. Please do not forget to read the latest national and international news in the right side bar of this blog. Some of the photos and videos on this site, I do not own. However, I have no intention on the infringement of your copyrights. The photo above is the front yard of Chateau Du Mer-Our Retirement Home in Boac, Marinduque, Philippines

Friday, October 21, 2011

Modern Heroes of the Philippines

Image from mylot.com ( OFW's are the Modern Heroes of the Philippines)

Around 8.6 million to 11 million overseas Filipinos are the estimated count worldwide or about 11% of the total population of the Philippines are the Filipino modern heroes. Without the remittances of these OFW's, the Philippine economy would not look as bright and positive compared to the economy of other countries.

More than a million Filipinos try their luck each year to work abroad through overseas employment agencies and other programs.

A majority of them are women applying as domestic helpers and personal service workers. Others emigrate and become permanent residents of other countries. Overseas Filipinos often work as doctors, physical therapists, nurses, accountants, IT professionals, engineers, architects,entertainers, technicians, teachers, military servicemen, seafarers, students, caregivers, domestic helpers and maids.

Remittances sent by OFWs to the Philippines contribute to the country's economy, with a value of more than US$10 billion in 2005. This makes the country the fourth largest recipient of remittances with India, China, and Mexico in the top list. OFW remittances represent 13.5% of the country's GDP, the largest in proportion to the domestic economy among the four countries.

In 2008, overseas Filipinos sent US$15.9 billion worth of remittances to the Philippines, up from the US$14.4 billion in 2007, and US$13 billion in 2006.

And as we read this, there are also thousands of Marinduque OFWs out there sacrificing away from their families in order that they may provide them good life
and better future and their remittance helping to boost Philippine economy.

Note: On a personal level about 80% of the clients of Chateau Du Mer Conference Hall are Marinduque's OFW's and their relatives.

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