Thursday, August 22, 2013

Cattle Project for OFWs



A novel investment scheme for a cow-calf operation designed especially for overseas Filipino workers (OFWs) is being offered by King Ranch, a successful beef cattle breeding and fattening operation in Batangas which is expanding to a 10,000-hectare farm in Palawan.

King Carlos, who is managing the ranch together with his father Alex, says that the project was particularly crafted for returning overseas workers, many of whom are being returning home because of growing political tensions in the Middle East and elsewhere.

He cited the political tensions in Egypt as well as in Syria which are displacing many of the workers there, forcing them to return to the Philippines without assurance of a well-paying job. The other development that is causing serious concern is the Saudization in Saudi Arabia. More