DTI, DOLE wants OFWs to venture into business

DTI, DOLE wants OFWs to venture into business

The Department of Trade and Industry (DTI) and the Department of Labor and Employment (DOLE) are working together to train overseas Filipino Workers (OFWs) to become entrepreneurs.

According to DTI Secretary Gregory L. Domingo, export-driven economies such as the Philippines would need to build the capacity of entrepreneurs and would-be entrepreneurs to enhance country’s exporting activities and boost the local economy.

DTI through the Philippine Trade Training Center (PTTC) has been tapped by the DOLE, to organize a training package for overseas workers. The free training sessions consist of key topics on staring a business, entrepreneurial education activities, and selling and preparing the business plan. The best business plans will qualify for a start-up loan package from the Land Bank of the Philippines and Development Bank of the Philippines.

The free training sessions will assist returning OFWs affected by the recent political unrest in the Middle East and reintegrate them into the economy.
Presently there are about two million Filipinos working abroad.