OFW loans in the Philippines

President Noynoy Aquino recently announced that he is instructing the Overseas Workers Welfare Administration (OWWA) to set aside P1 billion (US$23.5 million) as “reintegration fund” from which returning Overseas Filipino Workers (OFWs) can borrow money.

The goal is definitely noble but it is our hope that the loans program be managed efficiently so that it won’t be a losing venture for the government.  Some OFWs do need financial support upon their return and providing access to business capital is a big help towards convincing them to stay permanently.

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Philippine stock market lost 9% in January 2008

If you placed money in the Philippine stock market from the beginning of January this year, you would have already lost 9% by now.

That translates to a million pesos worth only P910,000 as of January 31.

This is based on the performance of the Philippine Stock Exchange index (PSEi), a basket of 30 listed common stocks representing the overall movement of market prices and the general state of the Philippine economy.

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Google scraps Adsense Referrals units in some countries

Bad news for Google Adsense publishers located outside North America, Latin America, or Japan: you cannot earn commissions anymore if you refer someone to the Google Adsense program.

Google announced that it is retiring its Referrals units that promote Adsense. The company cited that it did not perform as expected in regions outside the three mentioned.

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Examples of Online Scams in the Philippines

For several months now, we’ve been receiving emails from people around the world reporting the scam activities of some Filipino scumbags.

We are reprinting below some of these emails in order to warn others against the modus operandi of these horrendous scammers.

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