The Philippines Experience in Managing Diaspora Resources: Policies and Initiatives in Facilitating Diaspora Engagement

Nicolas, I; Rodriguez, J.

doi:10.1007/978-3-319-91095-6_26

Cited by 3 publications

(2 citation statements)

References 5 publications

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“…It is good that the Philippine has remittance programs for OFWs. Nicolas and Rodriguez (2019) noted that "Remittance for Development Council which was established in 2012 by the Commission on Filipinos Overseas the Central Bank of the Philippines" which serves "as a forum for regular dialogue on remittance issues which include lowering of remittance costs, democratization of remittance channels, innovation in remittance services like the use of e-cash, advocating for increased inancial education of migrants and their families". It is highly recommended to conduct " inancial literacy programs on-site at the migrants' destination countries can also be bene icial, since (i) it inculcates in them importan-thabits about inancial management while they are earning, and (ii) it can develop in them information-seeking behavior as they would most likely seek more information as to how their recipients are using the remittances" to signi icantly improve the inances of the OFWs.…”

Section: Discussionmentioning

confidence: 99%

Aggregate remittance cost and diaspora financing of overseas Filipino teachers in the kingdom of Thailand

2018

J. adm. bus. stud.

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The fundamental of this research is centered on determining the aggregate remittance cost and diaspora inancing of Overseas Filipino Teachers (OFTs) in the Kingdom of Thailand. The Philippines is second to India with the highest total remittances from 1995 -1999(Gammeltoft, 2002. Given the fact that the Philippines ranks second in terms of remittances, the researcher is interested in determining the aggregate cost of sending remittances to the Philippines and propose the most cost-ef icient and cost-effective remittance service provider. This is a related study to the previous research on Working Capital Management Practices of OFTs which was presented in Johor Bahru, Malaysia in 2017. The researcher employed descriptive and comparative research using a mixed method -partly quantitative and qualitative in order to address the statement of the problem. In "descriptive research, it involves collecting information through data review, surveys, interviews, and observation" subjected for a data analysis (Kefela, 2011). The researcher used a survey questionnaire and interview schedule in obtaining information relevant to this study. Primary data were provided by the OFTs who are legally teaching in Thailand for at least one year. There were 120 plus OFTs who were suryveyed and interviewed but only 53 were quali ied respondents because they were out of scope and delimited from this study. Secondary inancial data were also utilized. One of the momentous indings in this study is the signi icant switch of OFTs just recently in terms of their preferred remittance service provider. Ria remittance becomes the most preferred remittance agent of OFTs. Ria, a money transfer company has recently partnered with the Government Savings Bank (GSB) in Thailand. Ria offers a cost savings of more than 50% compared to prominent remittance agents such as the Western Union (WU). Ria and Money Gram both charge ฿150.00 per transaction. However, Ria offers higher exchange rate. The study also revealed that 69.82% of the OFTs have a salary range of ฿20,000 to ฿30,000 and cash remittance ranges from ฿5,000 to ฿15,000 which is 25% of their salary. Policy makers of the Philippine government are encouraged to revisit the current inancial literacy programs concerning OFWs in general. Further study may deal on the threats faced by WU and other remittance agents resulting to the partnership of Ria Remittance with GSB.

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Section: Discussionmentioning

confidence: 99%

Aggregate remittance cost and diaspora financing of overseas Filipino teachers in the kingdom of Thailand

2018

J. adm. bus. stud.

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“…Indeed, very few forums engage stakeholders from migrant‐sending countries as crucial contributors to the knowledge‐generating process. Over the past three decades, China, India, the Philippines, and other Asian countries have developed policies and programs to influence these migrant flows in their favour (Barabantseva & Wang, 2020; Kapur, 2003; Nicolas & Rodriguez, 2018). Responses to the growing care industry in the West have, for instance, given rise to training programs, information, and support for workers abroad, as well as strategies for the control of remittances (King‐Dejardin, 2019; Mallick, 2017).…”

Section: Introductionmentioning

confidence: 99%

Managing the rising tide of Nigerian migrants to the West—A policy vacuum or a structural challenge?

Okeke‐Ihejirika

Odimegwu

2022

International Migration

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This analysis explores the growing attraction of migrants to destinations perceived as better pastures as well as the roots and consequences of international migration, especially for irregular migrants. The findings of two focus group discussions with Nigerian scholars, policymakers, service providers, and members of society suggest: (1) public policy on international migration should consider the social, political, and economic challenges that render many Africans desperate to leave the continent regardless of the harsh realities awaiting them along the way or in a new homeland; (2) given the fundamental rights of individuals to migrate, it is crucial that relevant information about the realities of life in Western host societies (especially newer destinations such as Canada) be made available in immigrant‐sending regions, such as Africa; and (3) efforts to engage the new African diaspora should also prioritize their active participation in building equitable societies in their countries of origin.

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Female Diasporans and Diaspora Networks: A Neglected Resource for Business?

Elo,

Gugenishvili,

Ivanova-Gongne

2023

The Palgrave Handbook of Global Migration in International Business

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The Philippines Experience in Managing Diaspora Resources: Policies and Initiatives in Facilitating Diaspora Engagement

Cited by 3 publications

References 5 publications

Aggregate remittance cost and diaspora financing of overseas Filipino teachers in the kingdom of Thailand

Aggregate remittance cost and diaspora financing of overseas Filipino teachers in the kingdom of Thailand

Managing the rising tide of Nigerian migrants to the West—A policy vacuum or a structural challenge?

Female Diasporans and Diaspora Networks: A Neglected Resource for Business?

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