21 December 2015 - As part of its activities for Gender and Development (GAD) for year 2015, the Philippine Consulate General in Xiamen organized a seminar on Financial Literacy on December 13 at the Consulate General’s Bulwagang Bagumbayan. 

Ms. Rosita Tan, Consultant for the Philippine National Bank (PNB) and Board Supervisor for Allied Commercial Bank in Xiamen, delivered a lecture on financial literacy and financial management.

Ms. Tan emphasized that remittances perform a vital and crucial role in increasing savings and investments which redounds to the economic growth and development of the Philippines. The value of remittances as an important source of development can also be harnessed if the remitter or the overseas Filipino and the beneficiaries channel the funds efficiently to productive endeavors. She also highlighted the importance of saving and presented various investment options.

The message on saving and proper financial management has been echoed by the Consul General in his remarks. He highlighted the role of remittances as an essential tool for development and encouraged everyone to be financial literate to improve one’s life and achieve goals and aspirations. 

Prior to Ms. Tan’s lecture, a video clip from Bangko Sentral ng Pilipinas, entitled “Paghahanda sa Kinabukasan,” was shown to introduce the subject matter.

An audience of 60 people, mostly professionals, actively participated in the open forum. At the conclusion of the lecture, they expressed their sincere appreciation to the Consulate General for organizing the event.  END