Monday, December 05, 2005

Lack of business opportunities limits potential for OFWs' dollars

Roxas said, even the improvement in the stock market would not trickle down to the poor, neither would the dollars from foreign portfolio investments plough into the real economy, "except if a few stock brokers buy a home. But that's about it."

The senator explained that given the absence of a strong regulatory regime that would guarantee the continuing viability of such investment ventures, OFWs would simply keep their funds in the bank, while rich Filipinos would invest theirs abroad, instead of engaging in a profitable business in the country
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