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Quezon City, Philippines – The Department of Migrant Workers (DMW) and Banco de Oro (BDO), in conjunction with an additional bank partner, marked a significant milestone in their collaboration by introducing the Balik Kabayan Bazaar and formally signing a Marketing Memorandum of Agreement (MOA). The event's goal is to give returning overseas Filipino workers (OFWs) the tools they need to start their own businesses and boost the Philippine economy.

The DMW emphasized at the event how crucial it is to assist OFWs when they return to their home country. These people can exhibit their goods and services at the Balik Kabayan Bazaar, which encourages self-sufficiency and entrepreneurship.

"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 leading bank in the Philippines, has been a steadfast supporter of OFWs and their families. The MOA signed with the DMW strengthens this commitment by providing financial services and resources to OFW entrepreneurs.

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."

The Balik Kabayan Bazaar featured a wide range of products offered by OFW entrepreneurs, including handicrafts, food items, etc. 

With its continued growth and expansion, the Balik Kabayan Bazaar is anticipated to become an essential venue for OFWs to fulfill their aspirations of becoming entrepreneurs and advance the Philippine economy.