The Bangko Sentral ng Pilipinas (BSP) will conduct the first leg of its Economic and Financial Learning Program (EFLP) for 2017 in Calapan City, Oriental Mindoro on 28 February-2 March 2017. 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:
- “Be up to SPeed on BSP,” Information Campaign on the Role of the BSP in the Economy, 28 February 2017, Tuesday, 2:00 p.m. to 6:00 p.m. (module for the workforce), and 1 March 2017, Wednesday, 8:30 a.m. to 1:00 p.m. (module for students), Calapan Bay Hotel Annex, Calapan City, Oriental Mindoro;
- “Know Your Money” Briefing (module for cash handlers), 1 March 2017, Wednesday, 2:00 p.m. to 5:00 p.m., Calapan Bay Hotel Annex, Calapan City, Oriental Mindoro;
- Financial Education Expo, 1 March 2017, Wednesday, 8:00 a.m. to 4:00 p.m. (module for the working sector), and 2 March 2017, Thursday, 8:00 a.m. to 4:00 p.m. (module for students and members of the academe) at the Gymnasium of the Divine Word College of Calapan; and
- “Paghahanda sa Kinabukasan,” Financial Learning Campaign for Overseas Filipinos and their Beneficiaries, 2 March 2017, Thursday, 8:00 a.m. to 2:00 p.m., Calapan Bay Hotel Annex, Calapan City, Oriental Mindoro.
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.
Meanwhile, 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. Booth 5 or the Financial Sectors Forum (FSF) Booth features resource persons from the Securities and Exchange Commission (SEC), Insurance Commission (IC) and the Philippine Deposit Insurance Corporation (PDIC).
Interested parties may contact Ms. Sharon O. Ang at telephone number (+632)708.7275 or email address email@example.com.