When the world was struck by the sudden downfall of big financial institutions such as the Lehman Brothers and the bailout given to the American Insurance Group where our very own Philippine American Life (Philamlife) is connected was a big shock to many investors small and big alike.
But alas, what went wrong to many countries such as the USA where many Americans lost their very own homes was not felt in the Philippines. Many were able to withstand the storm generated the the so-called sub-prime fallout due to the remittances made by our very own OFW's which as of this date our foreign reserve amounted to more than P40B pesos.
In order that all of us can be well informed and be aware of what's happening around us I will try to publish in this blog what our filipino compatriots have been doing here and abroad to help in their own way to make their homeland a better place to live in.
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