OFWs Best Way to Invest Money While Working Abroad – OFWs who don’t know where to invest their money should try to become a virtual farmer in a Virtual Poultry Farming Program. This Farmville-type investments is one of the best ways to invest money while they are working abroad.
Launched by no less than President Gloria Macapagal-Arroyo in Marco Polo Hotel in Davao City last January 5, 2010, the P65 million Virtual Poultry Farming Program will bring about the establishment of a poultry company that will be co-owned by Maharlika and OWWA member-investors. The latter will then be holders of newly issued seven percent redeemable preferred shares. The program aims to make OWWA-members active participants in the poultry industry as holders of the preferred shares of a financially stable poultry company.
The Virtual Poultry Farming Program is a great business opportunity for overseas Filipino workers (OFWs) where they can put their money to reasonable means. This project will bring them return on investment because they themselves own the company. Active Overseas Workers Welfare Administration (OWWA) members are allowed to participate as holders of the preferred shares of the poultry company.
The Virtual Poultry Farming Program would develop the poultry farm in Coronon, Davao del Sur, this year, through the combined capital from contributing OFWs who would be asked to shell out P50,000 for ownership of 500 shares. The OFW contribution would comprise 49 percent of the production and operation expenses, while the 51 percent would come from the Davao City-based North Star Asia Holding Corp.
This project is in partnership with San Miguel Foods, Inc., and is co-owned by Maharlika Agro Venture Corporation. Maharlika controls 51 percent of the P65 million stock and the OWWA-member-investors, who hold the newly issued seven percent redeemable preferred shares of North Star Asia Holdings Corp.
Maharlika is a breeder and grower of grandparent stock under SMFI contract. It has been successfully operating as a contract breeder and grower stock and broiler chicken and as a contract hatcher for San Miguel Foods, Inc. (SMFI).
Filipino workers abroad can now boost their income in as simple as the click of a mouse because the Virtual Poultry Farming Program would allow the OFWs to co-own and monitor the project online. With the Philippines now a haven for investments, I’m hoping that many OFWs will not only send remittance to their love ones here in the Philippines but also to invest part of the money they earn in Virtual Poultry Farming Program – one of best way to invest money while they are working abroad.
According to Mr. Vicente T. Lao, the authority from SEC for them to sell shares of stocks to the public for more than 200 shareholders is still pending. They are expecting to get approval maybe by the end of May or early June. Once the permit will be issued by SEC, we they will have a roadshow in the Middle East to promote the program.
The investment will not make our OFW rich quick because this is not a pyramiding scheme but it will provide them a safe and reasonable return on their investment.
If you have any other question about the program , please don’t hesitate to send Mr. Vicente T. Lao an email to email@example.com and he will be more than happy to answer you.