“Diaspora” conceptually describes the mass dispersions of people with common roots and with a shared identity extending or going beyond the national boundaries of their country, including as well the “transnational community”. With an estimated 10 million Filipinos overseas, their value is seen mostly in the form of financial remittances to the country estimated at US$28 billion in 2014. Indeed overuses of remittances have remained central in the discourse on migration and development. Nonetheless, different sending countries are seeking to engage their diasporic communities for different purposes with the ultimate mutual benefits of all; home countries, the Diaspora and the host countries. A salient and welcoming feature in current policy discussions is the participation of new voices from various institutional actors, mostly non-governmental ones. Ergo, the question begs on the role the private sector plays in the context of the Philippines. This paper outlines initiatives of the Global Filipino Diaspora Council (GFDC) and the Blas F. Ople Center and Training Institute on programmes that contribute to the general discourse on diaspora engagement within the Philippine context. Caution is however made against the enchanting discourse that may foster, rather than reduce migration adding to more resultant social stresses. There is a need therefore for adequately informed and expanded knowledge base in many developing countries, such as the Philippines, to derive prescriptive recommendations about policies that are likely to enable them to make the best uses of various forms of diasporic remittances. The challenge therefore is to unveil biases that characterizes the migration and development nexus in sending countries as the Philippines while also paying attention to its consequences in shaping the way migration and development are thought about and therefore governed by both State and non-State actors.