BECAUSE of an interruption that Due Diligencer cannot ignore, the distribution of cash dividends declared by Philippine Long Distance Telephone Co., as promised in Monday’s piece, will have to wait.
Instead, it is giving today’s space to an overseas Filipino worker (OFW) who wrote to say his/her—gender not known—piece on Due Diligencer’s “Foreign investments causing peso’s fall?” which appeared in this space on August 17.
In his/her comment on August 18, he/she lamented the government’s lack, or absence, of concern for them, noting Due Diligencer’s report on the dollar remittances of foreign stockholders of listed companies. The OFW is right.
The government cares more for big businesses that gamble their money by contributing to politicians’ election campaigns hoping that when their bets win, they would have some powers to rely on when the time for them to collect comes.
It really is unfortunate that OFWs have always wanted to be heard but their voices have never been heard. They need a proper forum to ventilate their complaints against government policies that are detrimental to their well-being but don’t have any, yet.
Yes, the OFW who identified himself as “Supsupin” is correct in criticizing government planners for taking more care of foreign investors by giving them tax incentives, such as tax holidays, but have never had any for Filipino workers in other countries who, by remitting their dollar earnings to their families, contribute to the country’s foreign exchange reserves. Will the government pay attention to the OFWs’ plight?
Due Diligencer would never know if it would but assures OFWs that this space is open to them for their suggestions and comments so that they would have some outlet they could rely on. Again, it is a big yes to the OFW suggestion that the government should provide incentives to encourage him and his fellow Filipino workers in other countries to remit their dollar earnings, to use his/her words, “through legal channels and not through some shadowy quasi bank.”
Then being a true Filipino who, unlike some dirty politicians, loves his country, he/she added: “I will expound the benefit to RP if you have time.” Why not? (On an optional note, will “Supsupin” identify himself/herself by his/her true name so that Due Diligencer would know his/her gender?
You need not worry about being exposed to retaliation by uncaring public officials because your true name will not be published.)
Why should the government listen to the voice of OFWs, who may have some grievances against certain policies that hurt them and, in the process, force them to keep their dollars abroad instead of sending all of it back home? Filipino politicians have only good words for OFWs’ contribution to the economy, noting they contributed, as reported by the Bangko Sentral ng Pilipinas, $12.7 billion to the Philippines’ foreign exchange reserves in the first six months of 2014.
Despite their dollar remittances, OFWs are only admired by politicians in their press releases, if ever they have issued even one, but not in proposing legislation that would benefit them and encourage them to send home more of their dollar earnings thru the banks.
For example, why are elected national leaders, who are, of course, politicians, very attentive when businesses speak? Due Diligencer has the answer. For elected officials, voters are good only for the votes they cast every three years but are better forgotten during the intervening years while businessmen are worth remembering ALL the days for their votes, and more importantly, for their cash. By the way, OFWs should not believe politicians who make promises.
You might be deceived by their press releases because in believing them, you may end up as a useful tool in promoting their ambition to higher elective office to be able to steal more.