YULETIDE season typically connotes annual Christmas parties and holiday gift shopping. But for Overseas Filipino Workers (OFWs), the season means returning to the homeland to spend quality time with loved ones they haven’t seen for a long time. Sometimes, they’re lucky to book a flight home; but oftentimes, despite their best efforts, circumstances force them to spend yet another Christmas away from their families. Thankfully, OFWs can share the Christmas spirit with their loved ones, wherever they are: they can rely on Hanabishi products to make Christmas preparations easier and more memorable when they are spending Christmas here — or they can easily purchase Hanabishi products online, and send these to their loved ones as an early Christmas present if they can’t make it home this year.
Not even distance can stop OFWs from sharing the Christmas love to their families now. Thanks to the new Hanabishi e-commerce store, they can finally buy Hanabishi appliances, which make excellent holiday gifts, online. OFWs can never go wrong with purchasing Hanabishi Refrigerator HASREF 70S and Turbo Broiler HTB 130, which promise to make mommy’s Noche Buena preps easier this year. That way, even if OFWs can’t be physically present at the Noche Buena this year, at least they can still be there in spirit.MORE
TIGHTER competition looms in the Philippine banking industry as the national government announced its efforts to pursue the creation of an “OFW Bank.”
Cebu Bankers Club immediate past president Maximo Rey Eleccion said while it is still premature to weigh its effects on the banking industry, he said private commercial banks have a huge advantage in terms of their network.
“We cannot say for now but it will be very difficult to compete with us, existing commercial banks, because we already have the network. (We already have in place) correspondent banks and remittance tie-ups that we built throughout the years of our operations,” Eleccion told Sun.Star Cebu.
However, should the OFW Bank come out to be aggressive in its expansion, the local banker sees this affecting privately-owned commercial banks.
“If they really go big (and) establish remittance centers where OFWs are concentrated, they would certainly affect us,” added Eleccion.MORE