PRESS RELEASE
WDC-08-2020
23 May 2020
WASHINGTON, D.C. – The Department of Trade and Industry’s Philippine Trade and Investment Centers (Washington, D.C., New York, San Francisco, and Los Angeles), together with the Philippine Embassy and Consulates General across the United States, hosted a first in a series of Trabaho, Negosyo, Kabuhayan (TNK) webinars aimed at encouraging Overseas Filipino Investors (OFI) and Filipino-Americans to invest in the Philippines.
Over 150 participants were in the webinar, which was streamed live on the Embassy’s Facebook page. In his opening remarks, Philippine Ambassador to the United States Jose Manuel G. Romualdez urged kababayans to take advantage of the current shelter-at-home orders across many states to “learn more about the various business opportunities available to them in the Philippines, and to develop their entrepreneurial skills in these uncertain times.”
The webinar, entitled “Tips for our Kababayans in the U.S. on Investing and Entrepreneurship in the Philippines” was headlined by Ms. Salve Duplito and Mr. Mon Abrea.
Ms. Duplito, a financial literacy advocate and financial advisor, shared her insights into financial planning, investing in the Philippine money market, and how to detect financial scams aimed at overseas Filipinos.
Mr. Abrea on the other hand, heads a tax consultancy firm in the Philippines and spoke about reforms in the Philippine tax system, such as the possible lowering of corporate income taxes, general tax amnesty, and advice on double taxation and how it applies to overseas Filipinos and Filipino-American dual citizens.
The next TNK webinars will be on “Philippine Entrepreneurship in the New Economy” with Mr. Jonathan Petalver, and “Franchise Investment Opportunities in the Philippines” hosted by the Philippine Franchise Association, to be held on 28 May 2020 and 04 June 2020, respectively. Registration details for the upcoming webinars will soon be available on the official websites and social media pages of the Philippine Embassy and Consulates General in the United States.
