Wednesday, December 31, 2008

7 remittance firm execs charged for failing to remit OFW's money - Yahoo! Philippines News

7 remittance firm execs charged for failing to remit OFW's money - Yahoo! Philippines News

Now this one is something that makes you want to say yes to flogging and public beheadings. For people to do this when Pinoys brave the pain of separation and isolation not to mention the hazards of living as an immigrant (well truth be told we are a second class set of citizens in our own country but that's another story altogether) to try and eke out a decent living and help their families that remain in the country is just downright appalling.

Imagine if you were paying for a house mortgage so you'd have somewhere to retire and you lose it because these people hoodwinked you, or that someone was waiting for it to get himself out of the ICU.

Word of caution here from someone who was a migrant before too. Use the banks. A 2 peso mark-up is negligible when you lose all that you sent. Try and avoid these remittance companies altogether. Get with the program folks, it's the age of the internet and mobile banking. Now for you folks who are aware and receive remittances make sure you educate your relatives on how to go about electronic banking, I've seen countless pinoys living in first world countries and keep the "Saudi Boy" mentality. The door to door padala is so last century.

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