The Bangko Sentral ng Pilipinas (BSP) will conduct the last leg of its Economic and Financial Learning Program (EFLP) for 2017 in San Fernando City, La Union on 2-6 October 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:
Project BRO (BSP Reaches Out), A Savings Campaign for Kids and Teens, 02 October 2017, Monday, 8:00 a.m. to 10:30 a.m. for Grades 7 to 10, La Union National High School, and 1:30 p.m. to 4:00 p.m. for Grades 7 to 10, San Fernando City National Vocational High School and Don Quintin Balcita National High School; and 03 October 2017, Tuesday, 8:00 a.m. to 10:00 a.m. and 10:00 a.m. to 11:30 a.m. for Grades 1 to 3 and Grades 4 to 6, respectively (for one public and two private elementary schools), and 1:00 p.m. to 2:30 p.m. for Grades 1 to 3 and 2:45 to 4:00 pm for Grades 4 to 6, respectively (for two private elementary schools), South Central Integrated School;
Be up to SPeed on BSP, Information Campaign on the Role of the BSP in the Economy, 3 October 2017, Tuesday, 2:00 p.m. to 6:00 p.m. (module for the workforce), 3/F Seminar Room, Administration Bldg., BSP La Union Regional Office, Quezon Avenue San Fernando City, La Union; and 4 October 2017, Wednesday, 8:30 a.m. to 1:00 p.m. (module for students), 4/F Seminar Room, Administration Bldg., BSP La Union Regional Office, Quezon Avenue San Fernando City, La Union;
Know Your Money Briefing (module for cash handlers), 4 October 2017, Wednesday, 2:00 p.m. to 5:00 p.m., 4/F Seminar Room, Administration Bldg., BSP La Union Regional Office, Quezon Avenue, San Fernando City, La Union;
Financial Education Expo, 4 October2017, Wednesday, 8:00 a.m. to 4:00 p.m. (module for the workforce), and 5 October 2017, Thursday, 8:00 a.m. to 4:00 p.m. (module for students and members of the academe), BSP Convention Center, BSP La Union Regional Office, Quezon Avenue San Fernando City, La Union;
Paghahanda sa Kinabukasan, Financial Learning Campaign for Overseas Filipinos and their Beneficiaries, 5 October 2017, Thursday, 8:00 a.m. to 2:00 p.m., 4/F Seminar Room Administration Bldg., BSP La Union Regional Office, Quezon Avenue San Fernando City, La Union; and
Users' Forum on BSP-Produced Statistics, 6 October 2017, Friday, 8:00 a.m. to 2:30 p.m., 4/F Seminar Room Administration Bldg., BSP La Union Regional Office, Quezon Avenue San Fernando City, La Union.
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 learning session forms part of the BSP's efforts to foster the habit of saving early in the lives of Filipinos. It will feature 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 the workforce (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) security features of the New Generation Currency (NGC) banknotes; 2) relevant provisions of the BSP Clean Note and Coin Policy; and 3) 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. The six (6) interactive sessions/learning booths will cover topics on the Philippine Financial System, Financial Consumer Protection, Personal Finance for the working sector, Money Management for students and members of the academe, Financial Products for the working group, Banks and Basic Products for students and members of the academe, Financial Regulators, and Primer Hub. The Financial Regulators Booth will be manned by representatives of the Philippine Deposit Insurance Corporation (PDIC), the Securities and Exchange Commission (SEC), and the Insurance Commission (IC). The Primer Hub will provide participants with advisories and primers to supplement the lectures and reinforce their learning experiences.
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. A discussion of the BSP's Consumer Finance Survey (CFS) is also included in the session.
Source: Bangko Sentral ng Pilipinas (BSP)