Ex-Philippine President advise Filipinos in Singapore to stay put, save up income for business investment in home country

OFW Pinoy Star Online, 9 Nov 2013
THE economic figures paint a rosy picture for the Philippines. The country is rated as the best performer in the region by various financial analysts. Filipinos swell with pride as they hear their leaders talk about how the Philippines is no longer the sick man of Asia, but the country with the best growth prospects.
So, should home-sick Filipinos be rushing back home, where a job in the Philippines can mean for many, a reunion with families and the comforts of a familiar environment?
Former President Fidel Ramos, who was in Singapore recently, is more down-to-earth.
The truth, he told Filipino community leaders at a talk at the Philippine Ambassador’s residence, is that while GDP growth in the Philippines has been remarkable, this has not translated into a increase in per capita income.
So, his advice to the 200,000-strong Filipino community in Singapore: better to stay put in Singapore which is the place to be, at the moment.
He said: “Yes, you are needed back home, but the action is in Singapore. The income is here. Save your earnings, and when you put aside enough of a nest-egg to invest in a sustainable business in the Philippines, that would be the time to think about heading back to the Philippines.Full story
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