Economy

Property top investment choice of overseas workers deployed to UAE

PHILIPPINE STAR/ EDD GUMBAN

ABOUT 80% of overseas Filipino workers (OFWs) deployed to the United Arab Emirates (UAE) expressed interest in placing investments in the Philippines within the next 12 months, with property the preferred repository for their excess funds, according to the results of a survey released on Thursday.

The survey, commissioned by the New Perspective Media Group (NPMG), took in responses from 3,800 workers.

Top preferences for investment were property (61%), a small business (58%), life insurance (37%), and mutual funds (32%).

The NPMG organizes the Philippine Property and Investment Exhibition (PPIE) 2022 to be staged in Dubai on Nov. 5 and Nov. 6. The survey was carried out in September.

The survey found that 76% of respondents consider themselves financially knowledgeable on matters like inflation and capital appreciation.

It added that 68% consider themselves financially stable despite the economic challenges of the COVID-19 pandemic.

According to the survey, assets held by OFWs include gold and diamonds (42%), real estate (34%), life insurance (32%), mutual funds (18%) and businesses (11%).

The NPMG said that PPIE 2022 will feature exhibitors such as Robinsons Land Corp., Federal Land, Greenfield Development Corp., DoubleDragon, Ayala Land, Hausland, DMCI, Sta. Lucia, and Bank of the Philippine Islands. — Revin Mikhael D. Ochave

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top