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BSP Conducts Learning Outreach Activities in Kalibo, Aklan

10.03.2016

The Bangko Sentral ng Pilipinas (BSP) will conduct the fourth leg of its Economic and Financial Learning Program (EFLP) for 2016 in Kalibo, Aklan on 10-14 October 2016. The EFLP consolidates the learning outreach activities of the BSP under one flagship program.  It includes a series of learning sessions that aim to promote greater public awareness and understanding of key economic and financial issues. The EFLP also embodies the goal of the BSP to promote economic and financial education among its stakeholders, who can then become more effective partners of the BSP in safeguarding price stability and in ensuring a stronger and safer banking and payments system.

The following programs will be conducted:

  • Project BRO (BSP Reaches Out), A Savings Campaign Program for Kids and Teens, 10 October 2016, Monday, 9:00 a.m. to 11:00 a.m.  (Northwestern Visayan College-Elementary Dept.) and 2:00 p.m. to 4:00 p.m. (Aklan Catholic College-High School Dept.) and 11 October 2016, Tuesday, 9:00 a.m.  to 11:00 a.m.  (Kalibo Pilot Elementary School) and 2:00 p.m.  to 4:00 p.m. (Regional Science High School for Region VI);
  • “Be up to SPeed on BSP,” Information Campaign on the Role of the BSP in the Economy,  11 October 2016, Tuesday, 2:00 p.m. to 6:00 p.m. (module for the workforce), and  12 October 2016, Wednesday,  8:30 a.m. to  1:00 p.m. (module  for students), Aklan State University (ASU) - College of Industrial Technology (CIT) Function Hall, Andagao, Kalibo;
  • “Know Your Money” Briefing (module for cash handlers),  12 October 2016, Wednesday, 2:00 p.m. to 5:00 p.m., ASU-CIT Function Hall, Andagao, Kalibo;
  • Financial Education Expo, 12 October 2016, Wednesday, 8:00 a.m. to 4:00 p.m. (module for the working sector), and 13 October 2016, Thursday, 8:00 a.m. to 4:00 p.m. (module for students and members of the academe) at the Sampaguita Gardens Resort and Convention Center, 506 Rizal Street Poblacion, New Washington, Aklan;
  • “Paghahanda sa Kinabukasan,” Financial Learning Campaign for Overseas Filipinos and their Beneficiaries, 13 October 2016, Thursday, 8:00 a.m. to 1:00 p.m., ASU-CIT Function Hall, Andagao, Kalibo; and
  • Users’ Forum on BSP-Produced Statistics, 14 October 2016, Friday, 8:30 a.m. to  1:30 p.m., ASU-CIT Function Hall, Andagao, Kalibo.

“Project BRO (BSP Reaches Out)” is a savings campaign for kids and teens from Grade 1 to Grade 10 across the country, both from public and private schools.  This new learning session, which was launched in Davao City on 6 July 2015, forms part of the BSP’s efforts to foster the habit of saving early in the lives of Filipinos.  It features interactive lectures and discussions about the value of spending wisely, saving early, and saving in banks. After the session, the BSP will track the students’ saving habits by closely coordinating with teachers and school officials for the purpose of encouraging the youngsters to open and grow savings accounts in banks.  This learning activity is in partnership with the Department of Education (DepEd) and the Bank Marketing Association of the Philippines (BMAP).

The “Be up to SPeed on BSP” information campaign will cover recent economic developments and the role of the BSP in the economy, with emphasis on the three pillars of central banking, i.e., price stability, financial stability and efficient payments and settlements system.  Two sessions will be conducted: one for professionals (including representatives from government agencies, business sector, and banking community), and another for students and members of the academe. 

The “Paghahanda sa Kinabukasan” Financial Learning Campaign for Overseas Filipinos and their Beneficiaries (FLC-OF) aims to educate participants on the importance of using remittances to build up savings and directing these into investments in financial products and business ventures. Through this learning advocacy, the BSP hopes to help overseas Filipinos and their beneficiaries achieve financial security, bring them into the fold of the formal financial system, and enable them to participate more meaningfully in the country’s economic development.  Officials from the BSP, as well as from the Department of Trade and Industry (DTI), will give briefings on topics such as financial planning, investment, and business opportunities.

The “Know Your Money” Briefing aims to educate cash handlers from transport groups, cooperatives, supermarkets and retail stores on the proper identification and handling of unfit, mutilated and counterfeit banknotes and coins. Topics to be covered include: 1) New Design Series (NDS) banknotes demonetization; 2) security features of the New Generation Currency (NGC) banknotes; 3) relevant provisions of the BSP Clean Note and Coin Policy; and 4) Coin Recirculation Program. The BSP recognizes the vital role of cash handlers in the preservation of the integrity of Philippine banknotes and coins.

The Financial Education Expo offers various financial education activities for students, professionals and others from the public and private sectors. It features learning booths with audio-visual presentations, graphic displays and interactive activities that will help participants become self-reliant in promoting their financial welfare.  Two separate sessions of the Financial Empowerment Course, which is an integral part of the Expo, will also be conducted for students and members of the workforce. The learning sessions will present the importance of financial education, the Philippine financial system, basics of budgeting, saving, investing and borrowing, financial planning for life-cycle events, and credit card awareness.

Lastly, the Users’ Forum on BSP-Produced Statistics is being conducted as part of the BSP’s participation in the celebration of the National Statistics Month this October. It will cover topics on monetary and financial statistics, balance of payments and external accounts, expectations surveys and leading indicators, inflation and consumer price index issues, as well as regional economic developments.

Interested parties may contact Ms. Sharon O. Ang at telephone number (+632)708.7275 or email address angs@bsp.gov.ph.

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