Pickpockets are everywhere so this incident has to serve as a warning to all overseas Filipino workers (OFW) where ever they are in the world. A money with a sum amounting to HK$4,000 which is supposed to be sent as a remittance back home by an OFW in Hong Kong was taken by a pickpocket without her knowledge. Watch the video and find out who took it.
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In Hong Kong, a 45-year-old overseas Filipino worker (OFW) loses over HK$4,000 to a pickpocket, the money she intended to send for her family back home.
Mary Jane Santiago Olivar a household worker, shared that she passed through the Li Yuen Street East in Central, known by OFWs as “Alley-Alley 2” at 7:44 pm on November 4 to pick up some items at a grocery store in the alley. Without her knowledge, a female thief slips into her bag and took her money.
She was on her way back to her employer’s home when the incident happened. She said that the thief took more than $ HK4,000, the money she was supposed to remit the money to her family in the Philippines.
Her wallet was later found by another worker on a street in Central containing her Hong Kong ID and ATM card by a person who knew Olivar’s sister.
The OFW immediately went to the authorities and reported about the incident. She also rushed back to the grocery store and requested to review the CCTV footage when the incident has taken place. Filed under the category of Pickpockets, overseas Filipino workers, remittance, Hong Kong, video
Overseas Filipino workers (OFWs) send home about $32 billion in remittance annually. However, it usually goes to basic needs like food, education, and other daily expenditures. If you are an OFW who already spent many years working abroad without any savings, you may consider to invest in the stock market in the Philippines and have passive income while you are away working abroad. Investing in stocks is like having your own business but you can do it without having to stay and manage it hands-on. As you work abroad, you can invest now through a broker, or even through the internet. The good news is that it is extremely easy to do. Advertisement
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There are many ways to start stocks market investment in the Philippines. Financial institution and banks are offering assistance to their clients who are interested in investing in stocks market. In this article, you will be informed of where to start and give you some pieces of advice regarding stocks investment.
How To Open For BDO NOMURA Account? If you have a Banco de Oro Unibank (BDO) account, you can start stocks investment through the BDO NOMURA Account.It isis a joint venture between BDO Unibank, Inc. and Nomura Holdings of Japan with the purpose of providing online trading services to BDO's significant client base and branch network.
In order to open a BDO trading account, it is important to register for online banking. It is easier to fund your trading account and withdraw money from it this way.
Enter the One-Time Password (OTP) received via SMS.
Tick the “I Agree” box in the Letter of Instruction and Consent
Select from the drop-down list to nominate a Beneficiary Account (for withdrawal process) then click NEXT.
Click on “I Agree” in the Terms and Conditions.
Fill out the Investor Profile, then click NEXT.
Fill out the Suitability Form, then click NEXT.
Re-type the CAPTCHA code, then click Submit.
REVIEW the details of your Investor Profile and Suitability Form shown in the summary screen.
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You can also follow these steps:
After review, click Confirm to submit your application. A “Thank You” notification will appear to confirm a successful application. The cut-off for processing of New Applications is 3:00PM. Online Application submitted beyond cut off shall be processed on the next banking day. Once approved, please expect to receive an Approval email indicating your Customer Code. Once approval email was received, you may already fund your account through the Bills Payment Facility (over-the-counter, online banking, mobile banking, ATM) indicating the following required details: Company Name: BDO Nomura Securities, Inc. Institution Code: 0491 Subscriber's Account No.: Customer Code Subscriber's Account Name: Client NameYou may fund your account on or before 10:00 P.M. to be included for the next trading day's buying power. Another email will be sent to you for the trading access instructions. You will need to nominate a Trading PIN using the provided Control Code to activate your account. (You may now access your BDO Online Trading Account by clicking Online Trading Login at the upper right corner of your screen to nominate your new Trading PIN.) To open an Online Trading Account today, click the yellow Enroll Now button. Once your application is approved, you will receive an email confirmation indicating your trading PIN. An initial deposit is to be made to BDO Nomura Securities, Inc. (Formerly: PCIB Securities, Inc.) As long as you are able to meet the cut-off time for deposit which is 11:00 P.M., your account will be funded the following day and you may start trading. BDO Nomura charges For BUY transactions: a. Securities Clearing Corporation of the Philippines (SCCP) fee – 0.010% of the gross amount b. Broker's commission - 0.25% of the gross amount c. Value Added Tax (VAT) – 12% of the broker's commission
For SELL transactions: a. Securities Clearing Corporation of the Philippines (SCCP) fee – 0.010% of the gross amount b. Broker's commission - 0.25% of the gross amount c. Value Added Tax (VAT) – 12% of the broker's commission d. Sales transaction tax/ Final withholding tax - 0.50% of the gross selling amount
*Please note that we have a minimum charge of P20.00/transaction for the commission fee.
Another way to start stocks trading investment is through COL Financial.
In as little as P5,000 you can open a stock trading account in Col Financial and start receiving dividends.
Here are the steps to open an account with Col Financial:
1. Choose what account type would apply best for you depending on the amount of investment.
a. Col Starter- P5,000
b. Col Plus- P25,000
c. Col Premium- P1 Million
2. Download and fill up the application forms here. You will need a TIN or Tax Identification Number.
3. Submit the filled up form with the following documents:
Photocopy of one (1) valid government issued ID
Photo and signature must be clear
FOR ITF (In-Trust-For) Account - or account for a minor child.
Photocopy of one (1) valid government issued ID of the parent, Photo, and signature must be clear
Birth Certificate of the minor applicant
4. After submitting the application and requirements, a sales officer will review your application and contact you to inform you of the status of your application or any other requirements that may be needed.
Another way of stocks investing is through BPI Trade
You can visit their website to know about the complete details on how to start investing.
Important pointers on stocks investment:
Make your own research about the trade.
Many people think or convince themselves that understanding the stock market is a complicated business. Not entirely true. It only takes some common sense to try to understand how it works.
There are a number of resources available online for you to bone up on the subject. You may also refer to online articles, YouTube videos, even blogs to get ahead and boost your knowledge from Grade 1 to masters. Educating yourself is the biggest investment you can make.
Start saving, follow the 70-20-10 rule
This simply means you live only off the 70% of your salary, save the 20% and give the 10% to those in need.
Deal only with a licensed broker
Unlike making bank deposits, which you can do directly by going to the bank, you cannot deposit your money with the Philippine Stock Exchange. Go only through a licensed stockbroker.
Pick only big companies
They are so-called “blue-chip” stocks. These are financially-sound companies in the country that include Ayala Corporation, SM Prime, PLDT, Meralco, San Miguel, Aboitiz Ventures, Jollibee and the like.
Start now!
In stocks investing, time is the key and not the timing. The sooner you start, the bigger the profit.
