The NEDA Regional Office (NRO) in MIMAROPA conducted the Economic and Financial Literacy (EFL) Forum on November 16 at Occidental Mindoro State College (OMSC) Mamburao Campus Conference Room in Occidental Mindoro. The event is in line with the celebration of the 2018 Economic and Financial Literacy Week (EFLW).
The annual celebration of the EFLW is pursuant to Republic Act No. 10922 or Economic and Financial Literacy Act which declares the second week of November of every year as EFLW. This year’s celebration has the theme “National Identification for Greater Economic and Financial Inclusion: Sa Pag-angat ng Ekonomiya at Pinansiya, Lahat Makakasali, Kapag may Pambansang ID”.
The forum aimed to orient the youth on the Philippine Identification System (PhilSys) and to raise awareness on economic and financial principles.
Around 110 participants representing senior high school (SHS) students and faculty members from different public and private SHS and higher education institutions (HEIs) all over Occidental Mindoro including students from state universities and colleges across MIMAROPA participated in the forum.
Topics discussed during the forum include the Philippine Identification System (PhilSys), demand and supply, inflation, interest rate, return on investment, gross domestic product, and financial literacy.
OIC Regional Director Susan A. Sumbeling of NRO MIMAROPA, Atty. Henedine P. Palabras of the Philippine Statistics Authority, Mr. Glacer Niño A. Vasquez of the University of the Philippines School of Economics in Diliman, and Ms. Melanie Condes of the Bangko Sentral ng Pilipinas, Southern Luzon served as resource persons during the forum.
Meanwhile, a quiz contest was conducted after the forum participated in by selected SHS and HEI students. The resource persons served as the panel of judges during the contest.
In her closing remarks, Sumbeling thanked the participants especially the resource speakers for sharing their knowledge and expertise at the event. She also thanked OMSC President Dr. Marlyn G. Nielo for the school’s invaluable support in the conduct of the forum. Moreover, she encouraged everyone to share their acquired knowledge with their schoolmates and friends and become instruments in making the lives of fellow MIMAROPAns financially healthy.