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Chance for migrant workers to make a future at home

HONG KONG (SE): The youngest senator in the Philippine congress, Benigno (Bam) Aquino, was in Hong Kong on November 22 to talk up a bill he authored, dubbed Go Negosyo (Go Business), that was passed into law in July last year.

Aquino described the bill as being designed to ignite fresh sparks in the overall development of the Philippine economy, especially outside of the big cities.

Speaking at the City University of Hong Kong during a day-long seminar sponsored by the Centre for Agriculture and Rural Development (CARD MRI), the biggest not-for-profit micro- to medium-finance credit union in The Philippines, Aquino said that although the country has experienced growth in the past few years, it has not been inclusive.

A breakdown of enterprises in the country of 104 million people shows that there are only 820,255 registered businesses and of these, 99 per cent are at the micro level. They also provide 66 per cent of employment opportunities in the country.

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