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ARROYO SAYS FILIPINOS WORKING ABROAD NOT SIGN OF WEAK ECONOMY.
HONG KONG, April 1 Asia Pulse - President Gloria Macapagal-Arroyo Monday stressed that Filipinos working abroad is not a sign of a weak economy.
In the question-and-answer portion that followed her keynote speech before the 11th Credit Suisse Asian Investment Conference (AIC) at the Conrad International Hotel here Monday, the President explained that her administration's human and infrastructure investments are all meant to increasingly keep the best and brightest at home.
Going abroad is not necessarily a sign of a weak economy, the President said as she expressed her confidence that Filipinos working abroad is a sign instead that Filipinos work abroad because of more career opportunities for Filipinos in this global economy, rather than out of necessity.
The President pointed to New Zealand of whom 25 per cent of the populace work abroad, and also Portugal where 10 per cent are overseas contract workers.
Earlier last night (Sunday, March 30) at the reception that President Arroyo tendered for the ...
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Source: HighBeam Research, ARROYO SAYS FILIPINOS WORKING ABROAD NOT SIGN OF WEAK ECONOMY.