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The chair of the House of Representatives Committee on Labor and Employment expressed hope that a bill that would require employers to provide financial literacy and entrepreneurship programs to their employees would get the nod of Congress. “As we try to cope with rising prices of goods, the prevalence of financial scams and predatory loaning, […]
Senator Raffy Tulfo filed a measure seeking to provide free financial literacy training programs for OFWs as a pre-departure and post-arrival seminar to prevent them from being victimized by various investment and online scams. Tulfo, Chairperson of the Senate Committee on Migrant Workers, filed Senate Bill (SB) No. 2078 promoting and developing financial responsibility and […]
Government workers can soon avail themselves of financial education training from the Civil Service Commission (CSC). In his message of support delivered on November 21, 2022, at the Bangko Sentral ng Pilipinas’ (BSP) virtual 5th Financial Education Stakeholders Expo, CSC Chairperson Karlo Nograles said that his agency is already laying the groundwork for the Financial […]
The Department of Education (DepEd) in partnership with Rizal Commercial Banking Corporation (RCBC) launched the “DiskarTech-Aralin sa Madiskarteng Pananalapi” at the Rizal High School in Caniogan to help promote financial literacy to teachers and learners in Senior High School. The program is in support of DepEd Order No. 22, s. 2021 titled Financial Education Policy […]
The Puwersa ng Bayaning Atleta (PBA) Party-list is calling for the institutionalization of support and financial literacy training for national athletes as it hailed the rags-to-riches story of boxer and Olympic silver medalist Carlo Paalam. “Carlo Paalam’s story is an inspiration to us all, especially for the athletes striving to make it big in the […]
The House of Representatives approved on the third and final reading a measure promoting financial inclusivity and literacy especially to those living in rural and underdeveloped areas to ensure equitable access to financial technology. A total of 204 lawmakers voted to approve House Bill 10582 or the “Rural Financial Inclusion and Literacy Act.” No lawmaker […]
Rizal 2nd District Rep. Fidel Nograles said the government should double its efforts to promote financial literacy amid an increase in reports of scams during the pandemic, with the Securities and Exchange Commission revealing that it has issued 68 advisories regarding questionable investment offers during the ongoing public health crisis. In separate advisories, the SEC […]
The House of Representatives has approved on second reading a measure on financial inclusion that its lead author said is part of a reform package designed to let Government upgrade the delivery of its future social amelioration programs (SAPs)—and avoid a repeat of the hitches that had mired the initial release of cash subsidies to […]
Senator Win Gatchalian wants to make Economics and Personal Finance (EPF) course mandatory in all levels, a move that can boost financial literacy nationwide. Gatchalian filed Senate Bill 1192 or the “Economics and Financial Literacy Curriculum Act of 2019” which requires public and private school students in elementary, secondary, tertiary and technical-vocational education levels to […]
Financial literacy, especially on investments and business start-ups, are important factors in ensuring that hard-earned incomes and savings of Overseas Filipino Workers (OFWs) are put to good use, Senator Cynthia Villar said at the 8th OFW and Family Summit recently. Villar, in her capacity as director of the Villar Social Institute for Poverty Alleviation and […]