The Balik Kabayan Bazaar made its grand launch together with the formal signing of the Marketing Memorandum of Agreement (MOA) between BDO Unibank and the Department of Migrant Workers (DMW), along with another bank. The event is a big step toward providing support and economic prospects for Filipino workers abroad and their families.
Balik Kabayan Bazaar: A Celebration of Filipino Culture and Commerce
The Balik Kabayan Bazaar is a new initiative designed to bridge the gap between the Philippines and its overseas workforce, creating a platform for OFWs to reconnect with their roots, culture, and businesses back home. The bazaar featured local vendors showcasing authentic Filipino products—from traditional crafts and culinary delights to innovative goods that highlight the rich culture and creativity of the Philippines.
The MOA Signing: A Strategic Partnership for Empowerment
In conjunction with the bazaar, the ceremonial signing of the Marketing Memorandum of Agreement (MOA) between BDO Unibank and the Department of Migrant Workers (DMW) was a highlight of the day. This MOA represents a strategic collaboration aimed at enhancing the financial and marketing support available to OFWs and their enterprises.
Venecio Legaspi, DMW Assistant Secretary for Reintegration
"Bilang dating OFW po for 29 years at nag reintegrate na po dating may konti pong negosyo, isa sa mga hinaing na nasasabi ng mga OFW na umuuwi at nagsisimula ng kanilang negosyo ay walang marketing support. At alam po natin yun kahit noong nagkaroon ng consultation way back December 2022. " said Venecio Legaspi, DMW Assistant Secretary for Reintegration. "Isa rin po yun sa lumutang na yung mga nag nenegosyong OFW ay kailangan din nating suportahan. At ito po ay simula pa lang ng katuparan ng kanilang mga hinaing na ang Department of Migrant Workers sa pangunguna po ni Secretary Hans Leo Cacdac ay narito po para suportahan yung mga ganitong inisyatiba. At moving forward maicacascade din po ito natin sa ibang offices ng DMW."
BDO, a renowned bank in the Philippines, has always supported OFWs and their families. The MOA with the DMW strengthens this commitment by offering financial services and resources to OFW entrepreneurs.
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| Rene Abadadilla, BDO Unibank SAVP & Head, Overseas Filipino Programs |
Sa pamamagitan ng DMW nabigyan kami ng opportunity na tumulong sa mga kababayan nating Overseas Filipinos habang sila'y nasa balik manggagawa at naghahanda sa kanilang pagbabalik", said Rene Abadilla, BDO Unibank AVP & Head, Overseas Filipino Programs. "Sa kanilang pagbalik hangad naming ma-impart sa kanila ang wastong pag-alaga ng kanilang pinaghirapang pera at narito ang BDO para suportahan sila sa pagkamit ng kanilang mga pangarap."
Looking Ahead: A Future of Growth and Support
The Balik Kabayan Bazaar and the MOA represent a forward-looking approach to integrating and supporting the Filipino OFWs.
The contributions that overseas Filipino workers (OFWs) have made to the Philippine economy and society are immeasurable, given their continued significance in the global workforce. The BDO-DMW collaboration and the Balik Kabayan Bazaar are positive steps toward a future in which every Filipino residing overseas will have their needs and goals acknowledged and supported.
The future is bright for the Balik Kabayan community and the larger Filipino diaspora with these encouraging developments, opening the door for increased economic integration, cultural celebration, and mutual support.
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