I. Rationale This paper provides logical data regarding migrant workers in Davao City, the nature of their jobs and tenure, the amount of their remittances annually and the change these have exerted in saving, spending and investment behaviors. The research draws attention to the contribution of migrants to the economy of Davao City and explores issues related to remittances and economic behavior. Through this paper, we would like to analyze the gaps between remittances and financial investments among Davao migrants. II. Introduction International labor migration is defined as the movement of people from one country to another for the purpose of employment. Labor mobility has become a distinct attribute of globalization and the global economy with migrant workers earning US$ 440 billion in 2011, and the World Bank estimating that more than $350 billion of it was transmitted to developing countries in forms of remittances (International Organization for Migration, para. 1).  Labor migration has extensive prospect for the migrants, their communities, the countries of origin and destination, and also for the employers. A growing number of sending countries view international labor migration as an integral part of their national development and employment strategies. Countries of origin benefit from labor migration because it relieves unemployment pressures and contributes to development through remittances, knowledge transfer, and the creation of business and trade networks. In developing countries, remittances have become an enduring element of the country’s growth. It plays a key role as a source of external finance. Remittances are a form of aid that migrant workers send back to their families, in order to support the needs of the family. In about 25% of developing countries, remittances are larger than public and private capital flows combined (International Monetary Fund, 2009).The reason why remittances are so important is due to its capability to relieve economic pressure over poor households. Globally, more people than ever seek better lives outside their home countries and the Philippines is among the largest migrant countries of origin in the world. Over 11 million Filipinos live abroad and more than one million Filipino leave the country each year to work abroad (Center for Migrant Advocacy, para 2). It is estimated that 11 million Overseas Filipino Workers (OFWs) are spread throughout the world. In 2006, over 15 billion dollars in remittances flowed into the Philippines, covering 13% of the GDP. In 2007, the World Bank estimates that remittances increased to 17 billion dollars (Center for Strategic and International Studies, para. 2). In the 1970s, President Ferdinand Marcos established the Philippine Labor Migration Policy as a provisional plan to resolve economic issues. Marco’s short term migration policy to reduce high unemployment rates and undertake foreign currency problems evolved into a long term migration policy projected to stimulate economic advancement. Initially intended as a temporary measure to catalyze economic development, migration is now a major contributing economic force. Close to 10% of the economy of the Philippines is dependent on remittances by OFWs, making it the backbone of the Philippine economy (Center for Migrant Advocacy, para. 1). In Region XI (Davao Region), international labor migration made its crest in the 1980s when employments in the Middle East were abundant. In the 1990s, East and Southeast destinations fascinated more migrants, especially women, in retort to the demand for entertainers and factory workers. Naval jobs also became a popular choice among men. It was economic upliftment through higher salary that was seen as the primary motivation for seeking employment out of the country (Echavez & Brazil, 2009). The gaps of remittances are complex in the Philippines particularly in Davao City; among them are the lack of logistical data among migrant workers of Davao City, the insufficient programs that sustain lasting developmental growth, and the lack of remittance investments. The Philippines had forgotten to view overseas Filipinos and contract workers as potential development partners. They should have maximized the benefits of international labor migration by engaging Overseas Filipinos into transnational development initiatives. Also,t he degree of migrant investments is still restricted within the benefits of the household family. Most remittance money is immediately spent on food, housing, and medical needs. Few invest in the economy, and only seven percent of recipients put money into savings accounts. Thus, most of the GDP growth in the Philippines is not really growth, because the economy develops little despite the increased cash flow (Center for Strategic and International Studies, para. 3). III. Body Remittances and immigration have always been working hand in hand ever since the creation of banking and remittance branches was