Posts by Albert Christian Go

BeamAndGo Marketing VP

OFW Shopping Advice: How to take care of your family’s needs in Bicol!

Mga kababayan nating Bicolano! Miss mo na ba ang pamilya mo dito sa Pinas? May good news kami sa inyo mga ka-Beamer! Hindi hadlang ang layo mo dahil swak na swak na magpadala ngayon para sa inyong loved ones. Here’s Liberty Commercial Center (LCC) to provide a  variety of good quality products with excellent service. You can send your love through our gift certificates from LCC Supermaket and Department Store. Bukod sa grocery items, pwede din makabili ng other items na pwede nila magamit every day.

Summer Shopping for your loved ones!


Ang bilis ng panahon, summer is approaching! For sure na madami nang plano ang pamilya mo na mga outing. At siyempre, una sa listahan nila kung ano ang mga ihahanda. Para ‘di maging drawing ang swimming, bili na sa BeamAndGo ng LCC gift certificate dahil dito affordable na kalidad pa sa LCC Department Store!

  • Electronics,
  • School supplies,
  • Uniform,
  • Household needs


Sikat na sikat naman ang Supermarkets ng LCC! Tiyak na makakatipid ang inyong pamilya! Alam niyo naman na ang groceries ang priority niyo sa kanila bilang isang OFW. Kumpleto po ang selection nila from snacks, milk, meats, and fresh vegetables.

RELATED STORY: Ang Magaling na OFW, marunong mag budget ng grocery!


New branches!

Dahil sa galing ng serbisyo ng aming trusted supermarket merchant, nadagdagan na ang Redemption Centers na kung saan pwede i-redeem ang BeamAndGo gift certificates. Mas mapapadali na ang pagkuha ng ‘yong pamilya ng mga items para sa daily needs nila.

LCC is not new for our consumers in Bicol, it has been considered as one of trusted stores in their place. They serve really well, kaya naman pinagkakatiwalaan ng mga kaibigan nating Bicolano. Sa dami ng tumatangkilik ng kanilang mga produkto, nagawa nilang magkaroon ng department store at supermarket. They offer a lot of items kaya naman winner para sa mga tao.

Redeem at the following branches in Camarines Sur:

  • LCC Daraga – Cor. Rizal and Regidor St, Daraga, Albay
  • LCC Labo – Bry. Poblacio Labo Camarines Norte
  • LCC Legazpi- Peñaranda St,. Legazpi City
  • LCC Market Plus Daet- Barangay 6 Market Site, J. Lukban St., Daet Camarines Norte
  • LCC Masbate- Zurbito St., Brgy. Bapor, Port Area, Masbate City
  • LCC Naga – Felix Plazo St., Naga City
  • LCC Polangui – Ubaliw St, Polangui, Albay
  • LCC Sorsogon- Magsaysay St., Sorsogon City
  • LCC Tabaco- Ziga Avenue Tabaco City

Upon confirmation of digital gift certificate, beneficiary may now purchase at any of the LCC participating branches below. For the complete list of participating branches, visit niyo lang ang website nila sa

How to avail LCC gift certificates?

Para sa mga kababayan naming OFW na gustong magpadala sa pamilya nila sa Bicol, para sa inyo to! Madali lang ang pagsali sa BeamAndGo. First is you have to visit our website. Mag-sign up lang at ilagay ang lahat ng iyong details sa required fields. Para mapadali din kayo, pwede din ninyo panuoring ang instructional video ng BeamAndGo. Tandaan na free po ang membership at mahigit 100,000 members na ngayon ang BeamAndGo!

Once the registration is done, you can now log in and select LCC Supermarket or LCC Department Store as your chosen store. One gift certificate is worth Php500, ikaw ang bahala kung ilang GCs ang gusto mong ipadala sa family mo. To proceed, you need to put the full details of your recipient. If you’re already a member, just continue your order. Last step is the payment, you can choose whatever payment method you want.

If you are from another province and would like to know our other supermarket partners, you don’t have to worry because we have 12 supermarkets across Luzon, Visayas, and Mindanao! edm_beamandgo_supermarkets

Once na matanggap na ng iyong recipient ang transaction codes, pwede na niya ito i-redeem sa kahit saang LCC Redemption Centers na malapit sa kanila.

Madali lang diba? Visit na sa at bumili na!


Top 5 Supermarkets in Luzon for OFWs

When BeamAndGo first opened its social enterprise and financial technology services for Filipinos in 2014, we made it loud and clear that our mission is to empower OFWs by providing them an alternative means to ensure that their hard-earned savings are invested on their families basic needs: food, medicine, bills payments, and education.

Granted the fact that most money remittances by Filipinos are intended for their families’ supermarket shopping for their daily needs, BeamAndGo today offers digital gift certificates or vouchers at  9 supermarket chains spread throughout the entire archipelago.

Three steps

BeamAndGo’s Digital Gift Certificates in 3 simple steps

Out of the 10.23 million  overseas Filipinos (Commission on Filipinos Overseas, 2014), did you know that close to 50% are from Luzon, the largest and most populous island of the Philippines?   Can you imagine the millions of overseas Filipinos from the north who provide for their families? In some cities in Ilocos, almost 60% of the population of families rely on OFW remittances.

In this blog post, we will give spotlight to overseas Filipinos from Ilocos, Calabarzon, National Capital Region, Central Luzon, and Bicol.

If you are one of them, here are our Top 5 Luzon Supermarket picks for you:

1. LCC Supermarket 

Branches: LCC branches are located in Daet, Iriga, Legazpi, Masbate, Naga, Sorsogon, and Tabaco. List of branches, store hours, and address can be accessed here.


Why we think it’s best for you: Almost every corner and every street in Bicol is filled with LCC supermarkets. From fresh seafood and vegetables to poultry and choice meats, you can count on LCC. It’s located almost everywhere in Bicol.

2.  San Roque Supermarket

Branches: San Roque Supermarket has 10 branches in Luzon scattered in Manila, Novalichez, Cavite, Navotas, Antipolo, and Valenzuela. List of branches, store hours, and address can be accessed here.


Why we think it’s best for you: We know you are gonna love San Roque Supermarket because OFWs get the best deals for their Sari-Sari stores and household needs. No further explanations needed!

3. Super 8 Grocery Warehouse 

Branches: Super 8 Grocery Warehouse has branches in Laguna, Cavite, Metro Manila, Tarlac, Pangasinan, Pampanga, and Bulacan. List of branches, store hours, and address can be accessed here.


Why we think it’s best for you: This place really defines “Super!” The prices are affordable and they provide a variety of items. From groceries to school supplies, anything that your family would need can be bought here.

4. Jumbo Jenra and Jenra Supermarket

Branches: Jenra Supermarket has branches in Dau, Sindalan (San Fernando), and Angeles City. List of branches, store hours, and address can be accessed here.


Why we think it’s best for you: Jenra is popular among Kapampangans. Sari-sari store owners  as well as Kapampangans in Japan and Hong Kong have taken advantage of their incredibly cheap prices and wide selection of items.

5. Johnson’s Supermart (new merchant!)

Branches: Johnson’s Supermart has two branches in Laoag City for your family to enjoy. It is also the trusted and friendly neighborhood supermarket in town.


Why we think it’s best for you: You wouldn’t know what no-frills means until you go to Johnson’s Supermart. Its compact space lets you find what you need in an instant. Fast and easy!

Here’s our remittance advice and more tips for your supermarket shopping!

Budgeting:  Daily, weekly, or monthly shopping.

Shopping must be done weekly so that food at home is kept fresh. It’s also dangerous to bring a lot of cash inside the supermarket. Plan your weekly or monthly visit and have a grocery list prepared.  When using BeamAndGo gift certificates, your sister, mother, or children only need to show the SMS at the customer service counter or cashier.


Just show this SMS with the serial number and confirmation code. The cashier and customer service are trained to encode them in the system for validation. Don’t forget to bring a valid ID

Pay close attention to the amount you are comfortable sending to your families using  BeamAndGo. Purchase any Supermarket GC now and within 24 hours, your family member in the Philippines will receive an SMS with a serial code and confirmation number to present at your selected Supermarket.

You may use your credit card, debit card, PayPal, or even pay cash through a remittance center once you have selected a Supermarket. Check out the list below to see the best option for you:


Save up to Php 560, on us! Just enter the discount code BNG7 before checkout and we’ll give you a 7% off on your first purchase.

So what are you waiting for? If you want to ensure your remittances will be spent on supermarket needs and not on anything else, visit BeamAndGo and try out our digital gift certificates.


Ang magaling na OFW, marunong mag-budget ng grocery!

Masarap magtrabaho sa abroad dahil mas marami ka nang pera. Mabibili mo na ang mga hindi mo noon mabili para sa sarili mo at para sa asawa mo at mga anak mo. Ngayon, makakabili ka na ng gamot ni Nanay at ni Tatay at hindi na nila kailangang magbawas ng dosage o kaya lumiban sa pag-inom nito. Maganda na ang buhay.

Dahil naman sa BeamAndGo, mas makasisiguro kang may mga grocery na puede nang puntahan ng mga mahal mo sa buhay.

Puede ka rin namang pumunta sa aming partner na I-Remit para masilip mo ang aming menu at ang aming grocery partners. Dahil sa I-Remit, puede kang magbayad ng diretso sa kanila at kami na ang bahalang magpadala ng BeamAndGo gift certificate sa pamilya mo.

Pero meron bang malapit na grocery partner ng BeamAndGo sa inyo? Eto sila:

Gaisano Capital 1 (2).jpgGaisano Capital

Branches: Gaisano Capital has more than 27 branches in Visayas and Mindanao. List of branches, store hours, and addresses can be accessed here

Review: Sikat na sikat na supermarket chain in Central Visayas, particularly Cebu.  It has a wide selection of grocery items. Our secret is use it for department store purchases!


GMALL (Gaisano Mall of Davao)

Branches: GMall has branches in Davao, Tagum, Toril, Gensan, at Digos. List of branches, store hours, and addresses can be accessed here.

Review: Davao OFWs are one of the most resilient, honest, and respectful Filipinos. We asked our members in Davao which supermarket chain they prefer, and unanimously, they picked G Mall. There’s no need to wait because G Mall is now part of the Beamer family.


Iloilo Supermart

Branches: Iloilo Supermart is a supermarket chain with 8 branches in Iloilo City. List of branches, store hours, and addresses can be accessed here.

Review: Did you know that Iloilo is a world’s recruitment haven for seamen? More than 180,000 Ilonggos are now working overseas! If you are one of them, this is your chance to try Iloilo Supermart!


LCC Supermarket 

Branches: There are LCC  branches in Daet, Iriga, Legazpi, Masbate, Naga, Sorsogon, and Tabaco. List of branches, store hours, and addresses can be accessed here.

Review: Ang mga taga Bicol, kilalang kilala sa kanilang masasarap na pagkain gaya ng pinangat at laing. All the known ingredients can be bought at LCC. Best of all, it’s affordable.


Prince Retail

Branches: Prince Retail is a Hypermart which has branches in Negros Occidental, Cebu, Silay, Leyte, and Zamboanga. List of branches, store hours, and addresses can be accessed here.

Review: If you want to start your own Sari-sari store, look no further. Prince Warehouse is located even in the outskirts “sulok sulokan.”


San Roque Supermarket

Branches: San Roque Supermarket has 10 branches in Luzon. List of branches, store hours, and addresses can be accessed here.

Review: This Supermaket is BeamAndGo’s first merchant. We love it because OFWs get the best prices. No further explanation needed.

supermarket_BeamAndGo_Super8.jpgSuper 8 Grocery Warehouse

Branches: Super 8 Supermarket has branches in Laguna, Cavite, Metro Manila, Tarlac, Pangasinan, Pampanga, and Bulacan. List of branches, store hours, and addresses can be accessed here.

Review: This place is “super!” The prices are affordable and what’s best is the variety of items. Everything you need in your household can be bought here.

Supermarket_Johnson_1024Johnson’s Supermart

Branches: Johnson’s Supermart has 2 branches in Laoag City, Ilocos Norte. List of branches, store hours, and addresses can be accessed here.

Review:  Nothing can beat a neighborhood favorite and that is exactly what Johnson’s Supermart is. Trusted by most folks in Ilocos Norte, this place has gained both the popularity and hearts of many.

Jsupermarket_BeamAndGo_Jenraumbo Jenra and Jenra Supermarket

Branches: Jenra Supermarket and Jumbo Jenra has branches in San Fernando (Sindalan), Dau, and Angeles . List of branches, store hours, and addresses can be accessed here.

Review: This is a no frills supermarket!  That makes it the most affordable in Pampanga. It’s so popular among sari-sari store owners, they even have a special lane!

Let’s make a plan!

Ngayong alam na natin kung sino nga ba ang mga partner ng BeamAndGo, budget muna! Hindi naman puedeng gastos nang gastos. Plan muna tayo.

Ano-ano ba ang mga pangangailangan ng bawat isang anak? Ng asawa? Ng magulang? Sino pa ba ang ibang tao sa bahay ninyo? May kailangan ba para sa kanila?


Magkano nga ba talaga?

Ngayon, gawa tayo ng plano. Dapat ba ang shopping every week, every two weeks, o every month? Kung hindi naman malaki ang refrigerator o bahay ninyo, sa weekly shopping na lang tayo. Mahirap na ang daming binibili kasi nakatutuksong ubusin lang ang lahat. Baka manakawan ka pa. Better siguro, para sa marami sa atin, weekly budget na lang.

Tignan mo naman kung magkakano ang mga puede mong ipadalang amount gamit ang BeamAndGo.

Hangga’t maaari, kailangan mong ilista ang lahat ng pangangailangan nila tapos, sa maaabot ng makakaya mo, subukan mong tandaan kung magkano ang bawat isa. Sa gayon, mas matatantsya mo kung magkano nga ba ang dapat mong ipadala.

Take note ha: Wag maging hero. Hindi ka si Santa Claus. Kung ano lang ang kailangan. May panahon para sa party. Everyday needs lang muna. O may rough estimate ka na?

Ready na? Let’s go to BeamAndGo!

Kung gusto mo rin naman, punta na sa I-Remit branch na malapit sa iyo at tignan ang aming menu doon.

Kapag may karagdagang katanungan, we’ll be happy to attend to your needs. You may email us at or call the numbers below:

Mobile(SMART) / Whatsapp / Viber: +63 949-839-3322
Mobile(GLOBE): +63 927-817-2855/+63995-321-7377 (new)

presidents_copy final

Opinion: The middle class OFWs and the cost of higher income

It was the year 2010.

Having been voted by more than 15 M Filipinos, President Noynoy Aquino delivered his first State of the Nation Address (SONA). His electrifying speech against corruption and the culture of “Wang-wang” or special treatment to VIPs was a hit in local press and the business sector.

Noynoy Aquino

A photo of President Noynoy Aquino. Credited for fixing the fiscal policy, reducing foreign debt, and tightening of spending. During his term, income taxes were unchanged. Good or bad for middle class?

Back then, I was working in one of the largest Universal Banks in the Philippines and was drawing a moderate salary but it was not enough for me to be financially free.

Related: Did you know that as OFWs, you can send remit smarter to your families’ household needs from groceries to medicine?  Register now for free and let BeamAndGo help support your family needs

Like many middle class college degree holder employees, my dream was to own my own house and be financially independent. I asked myself the question,” How long would it take for me to accomplish my noble aspirations? 20 years?”

So in January 2011, I finally boarded the cheapest flight to Singapore after months of deliberation with my family.

I armed myself with the very small stash of savings from the past 4.5 years. That’s it! #Bahalanasibatman ika nga but I was confident with my qualifications. So I bid goodbye to my parents, lola, and friends. It was painful, hard, and dramatic. A month after, I landed my first job to oversee the marketing and fundraising programs of a Singaporean NGO. I drew a salary more than 5 times my take home pay in the Philippines.

There were many things I learned while working overseas from cooking, washing of clothes, moving flats, and even dealing with abusive landlords (that’s a different story). But the most important is sending cash remittances back home and its enormous repercussions if not planned wisely. I could just imagine how much more I’d saved and invested if BeamAndGo was already available with its digital gift certificates on supermarkets, medicine, and other basic needs. If you don’t have an idea how it works, just watch this video below:

From my own personal experience and from the testimonies of dozens of OFWs whom I’ve personally met, many of us choose to work overseas because of better employment opportunities and lower taxes.

I will emphasize this because I want our next President to focus on the immediate welfare of middle class Filipinos. You can be assured, just like the millions of Filipinos who left their families, I will be watching your first State of the Nation Address! All of you promised to reduce taxes.  I will be taking down notes and I will hold you accountable. Tandaan niyo, sinabi ninyong lahat na babawasan niyo ang taxes. We are not endorsing any candidate but what we want is for the President to walk the talk, make the biggest sacrifices, and lead by example.  Don’t we all deserve this?

While OFW remittances has been widely acknowledged as the driver of the Philippine Economy (USD 29.7 Billion in 2015), the high costs of absentee parents, loneliness, and risks to life on both physical and mental are enormous. That subject cannot be brushed aside because their are serious concerns. Just read the story of a domestic helper who took her life a few days ago here.

We invite our fellow OFWs to become a member of the Beamer family. It’s a community for OFWs where we freely share stories and provide advice on a range of topics from saving, budgeting, and money allocation, to healthy nutrition.

Not long ago, my blood pressure went up to 160 / 100 in Singapore, when I gorged on chicken rice almost everyday. That was before I noticed that all of my Singaporean friends were eating vegetables and fish soup. Did you know that the mortality age in the  Philippines is 68.5 years as opposed to Singapore at 84.5 years? Stop the chicken rice,  friends!  If you want to learn practical tips on how to live longer, sign up at BeamAndGo now.


I was in Laoag, Ilocos Norte last Saturday delivering a workshop with Vanessa Cartera, our director of sales, to retired OFWs on the keys to claiming victory in both health and finances. One of the highlights was the subject on 8 dimensions of Wellness. I will discuss more on our findings and also learnings from the participants in my next blog. We will give you tips from Dr. Raymond Escalona, a lifestyle nutrition specialist, on how you can reduce the risk of cancer and live a healthy lifestyle. We thank the Laoag City LGU and its Community Affairs Division for inviting their OFW associations to attend.

But right now, since we only have less than 30 days before we elect a new Chief Executive, let’s  watch the debates attentively and cast our vote according to our conscience, wisdom, and knowledge on what is best for our country. There are more issues from poverty alleviation, crime, drugs, women’s rights, contractualization, and K-12.

We have less than 30 days before we elect a new President. Let’s move away from personality politics and focus on knowing how our presidential candidates will solve our nation’s issues.

I believe it’s time to lower income taxes. There are 1.3 M of us OFWs that can cast a vote and make a difference. We will never forget all the days when we thought about quitting, when we reluctantly left our families, and when we almost lost hope in life. But we can always choose to change the game. We may find the ideal president who can walk the talk.

If you are an OFW and you like what you read, join the Beamer Support Community now. We’re now helping 80,000 Filipinos and you could easily be one of them. Together, let’s cast our votes and be heard by our government.

Startups team up to provide OFWs modern, safe remittance service


BnGandHelperChoice_partnership 01042016

Hong Kong – Two fast-growing social startups dedicated to improving the breadth of services available to Overseas Filipino Workers (OFWs) in Asia, have teamed up in a bid to maximize opportunities for mutual growth.

BeamAndGo, the Singapore-based alternative remittance service provider, and HelperChoice, the leading online platform for connecting domestic helpers with employers, are committed to empowering OFWs globally by enabling them to access basic services without the need to pay unnecessary fees and charges.

“The two companies have lots in common,” says Laurence Fauchon, founder of HelperChoice. “We have both – in a short period of time – established solid reputations with OFWs around the world. Our helper members know we are working to disrupt the industry and make illegal fees and charges obsolete.”

“Our partnership with BeamAndGo complements our helper empowerment strategy perfectly. We help domestic workers save illegal agency fees so they can provide for their families, not to waste their earnings. Sending cash home is inefficient, expensive and open to misuse. Now our members have access to a modern, safe remittance service where they can choose how and where the funds are distributed.”

BeamAndGo CEO Jonathan E. Chua adds, “HelperChoice and BeamAndGo share the same commitment to ethical business. The main purpose of the partnership is to improve the welfare of OFWs and their families back home. From a business perspective, we estimate that the partnership alone will provide BeamAndGo with an initial revenue growth of 8% month-on-month within the first 2 quarters. And with HelperChoice, we can grow in countries where we do not have a large presence yet. We believe that our membership numbers will grow from 78,000 to over 100,000 within the same period.”

The partnership will present both companies with cross-marketing opportunities. BeamAndGo will propose their remittance services to over 50,000 HelperChoice members currently registered on the platform, and HelperChoice will be a member of BeamAndGo’s sales channel. The partnership is particularly suitable for domestic workers who do not have credit cards or access to online banking.

For further details on HelperChoice visit the website at or email at

For further details on BeamAndGo visit or email at

Press Release Helper Choice

Staying with an OFW family in Iloilo City


Group picture of BeamAndGo and the Cartera family taken immediately after Ben shared his miraculous 34-year OFW story as a seaman.

The heritage rich city of Iloilo is located in the Western Visayas region of the Philippines. Known for its “oohhh sooo yummy” Biscocho Haus Butterscotch and Chinese inspired Molo Soup, the city is also littered with traditional catholic churches dating back from the Spanish colonial era.

While much of its rich tradition has been kept preserved, the BeamAndGo team witnessed firsthand the city’s lightning speed infrastructure makeover with the acclaimed Iloilo International Airport and the Sta. Barbara Highway.

The very moment we hit the road from the airport, we were absolutely dumbfounded when we passed by the bustling 6-lane diversion highway on our way to the residence of one of our very own and Iloilo native, Vanessa Cartera, Director of Sales at BeamAndGo.

Vanessa, who hails from Iloilo and comes from a family of seamen, said it concisely: “Hindi dati ganito ang Iloilo. Times are changing. And I’m proud to be an Ilonggo.”

If you are wondering, BeamAndGo was one of 90 companies that participated at the PESO Office Mega Christmas Job Fair attended by 1,500 Ilonggos.


BeamAndGo poses with Iloilo Governor Arthur Defensor Sr. and the PESO Office department. The province of Iloilo has long been known to be the world’s resource for seamen and nurses.

In recent years, the BPO industry has spurred growth in local employment. But this city is where the world gets its pool of seamen and nursing professionals. This is the reason why Governor Arthur Defensor Sr., and his PESO office team invited us to orient jobseekers about what we do for OFWs and encourage them to register here  for an account even before they set off for international placements.

But the best part of this trip is the story of Vanessa’s father Ben Cartera, a retired seaman who has had stints in Abu Dhabi, Sweden, and Norway. In his heyday, Ben told me his motivation was to build his dream house and provide education to his children.

After 34 years, he suffered a stroke that paralyzed half his body. It was painful for his family who depended on him for financial assistance. At that time, his daughter Vanessa was studying in a university in Metro Manila. She literally cut back on unnecessary expenses while the family dedicated most of their time to assist their ailing dad.

With tears in his eyes, Ben recounted the times he had to be away from his family during important celebrations such as Christmas and graduation. Thankfully, he has now recovered after years of rehabilitation and physical therapy to restore his facial and body movement. He credits his loving and supportive family who stood by him in his most difficult state.

While I was savoring the home-cooked Molo soup, I couldn’t help but cringe and imagine the thousands of Filipinos who have similar stories demonstrating the Filipino spirit of grit and determination to bounce back from tough times.


A hearty dinner with Cartera family at Tatoy’s, the pride of Iloilo.

From groceries and medicine to insurance and payments of bills, BeamAndGo aims to instill in the mindset of OFWs the importance of covering the basics first. We tell our BeamAndGo friends through our LearnAndGo Workshop Series and daily reminders that their hard-earned income should be spent on the things that matter – health, insurance, food, and education.

And what makes it better? Iloilo Supermart is now an official partner of Ilonggo OFWs can now purchase digital gift certificates that they can use to buy groceries and medicine from the said supermarket!

The Cartera family displayed to us the famous Filipino warmth and hospitality but it is their story that touches us the most. It serves as an inspiration for us at BeamAndGo to champion our cause to empower OFWs like you. We hope it would impact you the same way it made an impact on us.

Good news for OFWs who want to be financially literate

BeamAndGo and TGFI

All smiles from BeamAndGo and TGFI at the Global Summit

As of late, the news coverage related to the OFW community has been negative.

  • “OFW who won $2.3 Million in Singapore lottery accused of stealing ticket”
  • “Bong Bong Marcos decries alleged “bullet-planting” of OFW”
  • “OFW Remittances faces Downward risk”

You might be asking, “Hasn’t there been any encouraging news or inspiring stories among OFWs?” After all, the old adage bad news sells is probably true. Journalists are often quick to report events and incidents that would ignite public outcry or strong opinions from politicians.

Well, there has been inspiring stories. Last Saturday, (Oct 24, 2015), The Global Filipino Investors (TGFI) organized a day long financial literacy event for OFWs in Singapore. The event was called Global Summit and it featured 10 finance experts sharing their wisdom with a full house of over 500 OFWs.

And thanks to the kindness of Floi Wycoco (TGFI CEO) and Malvin Dinlasan (TGFI Marketing Head), BeamAndGo had the opportunity to share our advocacy to promote alternative remittance for basic needs to the OFW community.

I have attended many investment forums but TGFI’s Global Summit provided the most content-rich program with a full range of relevant topics for OFWs: personal finance, business registration and taxes, real estate, mutual funds, and stock market investing.

My personal favorites included:

  • ANC News “On The Money” Host Salve Duplito’s warning for people to refuse the lies of investment scams. For more on her personal finance articles, Click here 
  • I-Remit Chairman Bansan Choa’s focus on the 3R’s: Real estate, Remittance, and Retirement
  • Suzan Bigay, my former finance professor at UA&P, who famously said “Our real asset is our creativity.” (Thanks Suzan, you are the reason why I am not so poor!)
  • Marvin Fausto’s Putting Eggs in Different Baskets – This man has raised a family of investors together with blogger Rose Fres Fausto.
From L to R: BeamAndGo with

From L to R: BeamAndGo with “On The Money” Host Salve Duplito, FMAP Founder Marvin Fausto, and COL Financial Chairman Edward Lee

I also found it mind boggling to discover from Salve Duplito that many OFWs do not plan on how their remitted funds are used. In a survey she presented, when asked the question “When your household receives money, do you plan how it will be used?”,a staggering 45% of the OFWs responded “no”!

At BeamAndGo, through our research, we also noted a lack of financial literacy amongst OFWs. And many wanted to learn but they just didn’t know how. So in September, we launched the LearnAndGo Financial Literacy Workshop Series with our first event held in Iriga City. Over 500 members of OFW families attended. And just this month, we partnered with the Mindanao Federation to conduct a financial literacy workshop in Hong Kong, which was attended by 250 OFWs. We have another event planned before the year and we’re setting up the schedule for 2016.

So while the news circulating related to OFWs has been rather gloomy of late, there are rays of sunshine around. At least in this blog and the TGFI community, we work together to provide the tools, knowledge and encouragement for Filipinos to become financially literate. We Filipinos are known to be resourceful, creative, hardworking and resilient. That is good news!