Posts Tagged 'cash cow'

A Milking-The-Cash-Cow Crisis!

I am currently processing my Hong Kong exit papers. I am returning home to take a new job opportunity and to be with my wife and 3-month old angel. Nothing is sweeter… 

So what crisis am I talking about then? Well, if I will be working in the Philippines again, that means my “cash cow” days are over. I am an Overseas Filipino Worker no more! How can I keep an OFW blog if I am no longer an OFW? Should I stop posting and quit? Should I reformat? Should I create a new blog? Will I have extra time for blogging?

…the decision will have to be made once I get home. I would need to readjust first… It’s a wait-and-see at this point…


A new hide for this cow

I found my way to the blogosphere exactly a year ago on 24 January 2008. Being a new Overseas Filipino Worker then, I was so irked by Memorandum Circular No. 4 (MC No. 4) issued by the Philippine Overseas Employment Administration (POEA) that I had to vent out lest suffer a heart attack. Having very few friends in Hong Kong that time, I decided to publish my frustrations on this issue via WordPress. After a few more posts on the same topic and a dozen or so comments from Filipinos who are scattered around the world, I discovered the therapeutic effects of blogging. Posting my thoughts on WordPress has kept me sane in this foreign land for the past one year. I hope other OFWs would discover this delight as well. Working far and away from your loved ones is really difficult if you don’t know how to deal with it.

Initially, I thought blogging would just be another one of those ningas cogon ventures I am notorious at taking. Ningas cogon is a Filipino figure of speech that roughly translates to “good at the start, but cannot follow through or finish.” But here I am with my 1st year anniversary post. This cash cow is still alive and mooing! Not so bad for an inexperienced writer huh?

…So to mark this humble achievement of mine, I have changed the theme and header of Milking the Cash Cow. I hope you like the alteration. Thus, I bid goodbye to the old format:


Sen. Pangilinan, ‘Sanctuary Fund’ and OFWs

Senator Francis “Kiko” Pangilinan calls on OFWs to donate to the AMRSP Sanctuary Fund which is aimed at assisting whistle blowers. In my opinion, this is a good move and that OFWs who give their support should be commended. All OFWs should consider contributing to the AMRSP’s noble initiative. I myself would be alloting a portion of my incoming salary to the fund (note: Philippine address, contact number and bank account number indicated in the Inquirer article below). However, I could not help but categorize this as another example of a “milking-the-cash-cow” mindset (see my post On “Milking the Cash Cow”), albeit, of a paler character.

What has Sen. Pangilinan done lately that is of benefit to OFWs, if I may ask? I checked his official site ( html) but found no bills of relevance to OFWs. Yes, he had a news release ( calling POEA MC-04 “a blunder,” but what concrete action did he take against officials responsible for this blunder? Does he have any legislative plans to prevent such blunders from happening again? I also noted that this release was dated February 23, 2008—long after the memo was suspended.

I admit that I am not familiar with Sen. Pangilinan’s political agenda and that I am not an expert when it comes to matters concerning the authority of members of the Senate of the Philippines. Also, please don’t get me wrong; I am not sour graping. I am merely citing the fact that most of our government officials, whatever their purpose may be, always look at OFWs as a source of money.

I agree with Sen. Pangilinan’s statement in his news release against MC-04 that “OFWs should not be the milking cow of our government.” But I hope we see more proof from the good senator who was a topnotcher with respect to overseas absentee votes in the last elections, that he is not one of ’em milk suckers. Kudos Mr. Senator!


Pangilinan urges OFWs: Donate money for whistle blowers

By Veronica Uy
First Posted 21:55:00 02/20/2008

MANILA, Philippines — Senate Majority Leader Francis Pangilinan on Wednesday urged overseas Filipino workers to donate money to the “sanctuary fund” set up by church people to finance the legal needs of whistle-blowers on government corruption activities.

Pangilinan said the appeal is especially “for those who believe in the CBCP (Catholic Bishops’ Conference of the Philippines) call for communal action and so that we are not mere spectators but are active participants in the search for the truth.”

He said that only on its sixth day, the Association of Major Religious Superiors in the Philippines’ Sanctuary Fund to support witnesses like Rodolfo Noel Lozada has now reached P693,372.50.

Quoting former socioeconomic planning secretary Romulo Neri, Lozada himself said labor migration has become the “escape valve” that has kept the Philippine society from imploding due to the numerous government anomalies.

The fund was set up at the senator’s suggestion during a hearing on the cancelled $329-million contract wherein Lozada admitted to his own responsibility in possibly anomalous government deals.

He said the fund should help whistle-blowers defend themselves in case they are charged in court because of their exposes.

Pangilinan said check donations may be sent to AMRSP Special Funds at 28 Acacia Street, Quezon City, with telephone numbers 724-4434 or deposited directly to MBTC Account No. 3259-07445-3. He said the point person is Sister Estrella Castalone FMA.

“Make a stand for our nation’s future,” he said.

On “Milking the Cash Cow”

When it comes to blogging, I am a newbie. This is actually my first blog and I am just getting the hang of it. I am also a neophyte OFW. This month is only my 6th in the Hong Kong SAR but I have been enjoying my stay here since day 1. Gone are the 12-hour office days in the Philippines. No need for overtime work. Pay is better. Nippy weather is great. Traffic jams are non-existent. Government agencies are systematic, fast and people-friendly. Bank personnel are always snappy. No kotong-cops. No yosi-puffing-walang-pakialam-kung- mabugahan-ng-usok-ang-pasahero jeepney drivers. Walang… STOP! This should not be an angst post. Sorry for that hehe. Now where am I? Oh yeah, I was telling you that I have just started blogging and that I am also a new overseas worker.

I made this blog due to 4 reasons: 1) Trip trip lang pare, 2) Para maipahayag ang pagkabagot ko sa mga maling kalakaran sa Pilipinas lalo na yung nakakaapekto sa mga OFWs (at sa akin syempre), 3) Hindi toxic ang trabaho ko dito sa HK kaya may oras na ako mag-blog (kasi sa dati kong trabaho sa Pinas e ihi lang ang pahinga kaya paguwi ko sa bahay lupaypay), at 4) pagbabaka-sakali na may matulungan akong kapwa OFW sa pamamagitan ng blogging.

tired udderWhy title it “Milking the Cash Cow” then, you might ask? Allow me to quote

“In business, a cash cow is a product or a business unit that generates unusually high profit margins: so high that it is responsible for a large amount of a company’s operating profit. This profit far exceeds the amount necessary to maintain the cash cow business, and the excess is used by the business for other purposes.

The expression is a metaphor for a dairy cow that can be milked on an ongoing basis with little expense after being acquired.”

Isn’t the analogy between a cash cow and an OFW perfect? OFWs are known as “Bagong Bayani” (as consuelo de bobo, I think) because their yearly remittances help keep the bedridden Philippine economy breathing. In fact, OFW money flowing to the country represents a major portion of the GDP. In other words—to use another moo metaphor in Tagalog—ang mga OFWs ang PAMBANSANG GATASAN ng Pilipinas! Tubong lugaw ang gobyerno sa mga OFWs. Ang galing di ba?

Wikipedia futher states, “Risks of a cash cow include complacency, with management ignoring the need for change as market forces erode value; and ongoing turf wars between the management in charge of the cash cow and other managers trying to garner support for other products.”

I am not sure if this “turf war” thingy is another facet applicable to the cash cow mentality of the Philippine government but I am positive about the existence of “complacency risks”. The World Bank warned us in 2005 about this side effect:

“The Philippines should not rely on the remittances of more than eight million [now more than eleven million] overseas Filipino workers to keep its economy afloat…. Over the years, excellent performance of remittances may have contributed to complacency [of the PHILIPPINE GOVERNMENT] in addressing fiscal deficits and low productivity growth… Remittances should not distract the country from its huge potential for domestic investment and growth.”

Hindi ba swak? This is why I decided to call my blog “Milking the Cash Cow.” I hope you are convinced that we have a government that seems to be leaning towards more and more “milking-the-cash-cow” policies, as if the milk would incessantly flow from our OFW udders!

I say, as a member of the OFW herd, that we should not allow the milking to go on and on and on. Let us show these milk suckers that cattle can kick too!


...sapagkat ang gobyerno natin ay may "cash cow mentality" pagdating sa mga Overseas Filipino Workers.

(Read On "Milking the Cash Cow")

...sapagkat ako ay isa ring OFW; may mithiin, marunong magisip at nagnanais marinig... Makabagong bayani daw... Sa totoo'y tampok na gatasan ng pamahalaan. (English)

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