OVERSEAS FILIPINOS IN DUBAI LEARN ABOUT ENTREPRENEURSHIP
AT FINAL SESSION OF FINANCIAL LITERACY SEMINAR SERIES
(Top) Over 50 Overseas Filipinos attended the fourth and final session of the Financial Literacy Seminar Series on 29 October 2022. (Bottom left) One of the financial literacy mentors, Mr. JR Papel, discussed about entrepreneurship and business development. (Bottom right) Consul General delivered the closing remarks and extended his gratitude to the financial literacy mentors and attendees for supporting the Financial Literacy program of the Consulate.
29 October 2022, Dubai, UAE – Following three sessions focusing on savings, budget, debt management, insurance, investments, and real estate, Overseas Filipinos (OFs) in Dubai and the Northern Emirates learned how they can use their hard-earned money to get started with their own businesses at the fourth and final module of the Financial Literacy seminar series of the Philippine Consulate General in Dubai and the Northern Emirates.
At the last session, which was attended by over 50 OFs, the participants heard some insights on entrepreneurship, business development, and reintegration programs in the Philippines.
Welfare Officer Melvin Caseda and Ms. Maria Fatima Dazal of the Overseas Workers Welfare Administration (OWWA) discussed the various national reintegration programs and services provided by the agency. Ms. Charmaine Mignon Yalong, Philippine Commercial Attaché and head of the Philippine Trade and Investment Center (PTIC) in Dubai discussed the capacity development trainings and programs offered by the Department of Trade and Industry.
Dubai-based financial and business experts Mr. JR Papel and Mr. Lyndon Magsino talked the rewards and risks of entrepreneurship and shared some advice on developing a sound business plan. The mentors even offered to further advice marketing and branding consultancy to participants who intend to start a business.
In his closing remarks, Consul General Renato N. Dueñas, Jr. underscored the importance of raising financial literacy among Overseas Filipinos. He urged participants to share their learnings with their colleagues, friends, and family members to allow them to make informed and effective financial decisions.
The Financial Literacy Seminar series is a project of PCG Dubai since 2017. The training modules were developed with the assistance of Dubai-based financial experts and mentors. The seminar series is in line with the vision of the Consulate to promote personal financial responsibility and empowerment among the Filipino community in Dubai and Northern Emirates. It also aimed to create new breed of Filipino entrepreneurs and facilitate reintegration of Filipino migrants in the Philippines. The seminar series, which was held over four Saturdays, was attended by over 200 OFs from different backgrounds.
It comprised of four modules such as (1) savings, budgeting, and debt management; (2) investments and insurance; (3) investing in real estate; and (4) entrepreneurship, business development, and reintegration programs. END
