|BSP Panelists during the BSP-EFLP Media Briefing|
By: Bennie A. Recebido
SORSOGON CITY, March 9, 2015 (PIA) – The Bangko Sentral ng Pilipinas (BSP) started making rounds in the country this year to make the public aware and understand the country’s key economic and financial issues under its Economic and Financial Learning Program (EFLP).
The first leg took place in Sorsogon City on February 24, 2015 with a press briefing giving the local media in the province lucidity in their queries in mind. Questions raised were focused on the resiliency of Philippine economy, government bank’s lending policy especially for LGUs, and other financial issues such as counterfeiting, demonetization and inflation rate, among others.
Panellists were Atty. Prudence Angelita A. Kasala, Director, Financial Consumer Protection Department; Ms. Marlyn J. Paje, Deputy Director and Head, BSP Legazpi Office; Ms. Maria Farah D. Angka, Deputy Director, Department of Economic and Financial Learning Center; Mr. Dennis M. Bautista, Deputy Director, Department of Economic Research; Mr. Aries T. Gamboa, Bank Officer V, Department of Economic Statistics; Mr. Edring Marqueses, Bank Officer III, Payments and Statistics Office; and Ms. Jo-Anne B. Ballacillo, Senior Currency Specialist, Currency Issue and Integrity Office.
According to Ms. Sharon Ang, Coordinator-Bank Officer III of the BSP Head Office’s Economic and Financial Learning Center, the BSP has been conducting public information campaigns in line with the effort to increase public awareness on the role of the BSP in the economy and the financial system and to further enhance the transparency of its monetary policy.
The BSP has also taken a proactive stance in embarking on a consumer education program that aims to improve the basic financial literacy of the public and the use of the various bank-related initiatives to improve the remittance environment and to channel remittances to productive undertakings.
Through the BSP-EFLP, the outreach and educational activities of the BSP are brought together under one flagship program which aims to promote greater awareness and understanding of essential economic and financial issues to help the public acquire the knowledge and develop skills needed to make well-informed economic and financial decisions.
The EFLP also embodies the goal of the BSP to promote economic and education among its stakeholders, who can then become the BSP’s effective partners in safeguarding price stability and in ensuring a stronger and safer banking and payment system.
Aside from the press briefing, the BSP in its three-day stay in Sorsogon also conducted the “Be up to SPeed on BSP”, an information campaign on the role of BSP in the economy following modules for students and for the workforce, giving emphasis on the three pillars of central banking – the price stability, financial stability, and efficient payments and settlements system.
Also conducted was the “Paghahanda sa Kinabukasan”, a financial learning campaign for the Overseas Filipinos and their beneficiaries which taught the participants on the importance of using the remittances to build up savings and directing these into investments in financial products and business ventures.
Another activity the BSP had was the Financial Education Expo for working sector, students, and members of the academe. This offered various financial education activities featuring learning booths with audio-visual presentations, graphic displays and interactive activities making the participants self-reliant in promoting their financial welfare.
The BSP representatives encouraged further all Sorsoganons and the public as a whole to engage in the various banking products and services that they usually encounter in ordinary financial transactions and to visit their offices for further inquiry and details.
The BSP has currently three regional offices located in La Union with branches in San Fernando, Batac Tuguegarao, Dagupan, Cabanatuan, Lucena, Naga and Legazpi; Cebu City with branches in Bacolod, Iloilo, Roxas, Dumaguete and Tacloban City; and Davao City with branches in Cagayan, Cotabato, General Santos City, Ozamis and Zamboanga. (BARecebido, PIA-5/Sorsogon)