PH Consulate General in Los Angeles, POLO-L.A. Partner for 1st Financial Literacy Seminar
Consul General to Los Angeles Adelio Angelito S. Cruz underscores the importance of promoting financial literacy among Filipinos. (Los Angeles PCG photo)
LOS ANGELES 08 November 2019 —— The Philippine Consulate General in Los Angeles, in partnership with the Philippine Overseas Labor Office in Los Angeles (POLO-L.A.), held its first financial literacy seminar on 17 October 2019 in Torrance, California.
The event was attended by over 70 Filipinos and Filipino-Americans from Southern California.
Consul General Adelio Angelito S. Cruz, in his welcome remarks, highlighted the importance of promoting financial literacy at the backdrop of a World Bank survey in 2015, revealing that only two percent of Filipino adults could correctly answer seven financial literacy-related questions.
The Bangko Sentral ng Pilipinas (BSP) finds the result of the survey alarming as it reflects the need for Filipinos to be educated on financial management to protect their hard-earned money.
It was also an opportunity for the Consul General to introduce to the Filipino-American community Labor Attaché Armi Evangel N. Peña and her Administrative Officer Atty. Miguel Ignacio Maria Castriciones.
Labor Attaché Peña provided the audience with an overview of the POLO-L.A. and encouraged the participants to avail of POLO services.
Other speakers included City of Carson Planning Commissioner Alex Cainglet, who delivered a presentation entitled, “Planning Ahead and Saving for a Better Future”; and Filipino American Chamber of Commerce of Greater Los Angeles (FACCLA) President Ellen Samson, who shared her expertise on “Franchising as a Form of Investment in the Philippines.”
Philippine Trade Commissioner Eric Elnar also delivered a presentation on the Philippine Trade and Industry Center’s program “Trabaho, Negosyo, Kabuhayan (Employment, Entrepreneurship and Livelihood),” which focused on the entrepreneurial programs of the Department of Trade and Industry (DTI) and tips for Filipino-Americans on how to become smarter and more successful entrepreneurs.
POLO also partnered with FACC-SLAA, a Filipino community organization aiming to foster cooperation among Filipino entrepreneurs as they implement programs that hone their entrepreneurial skills.
Consul General Cruz was joined by Consul Rea G. Oreta, Vice Consul Dyan Kristine Pastrana, Assistant-to-Nationals Officer Judelyn M. Cuaresma, Consular Assistant Edgar B. Guinto and Information Officer Mary Grace “Joss” D. Leaño. END
Lecturers for the Financial Literacy Seminar City of Carson. Top left photo: Planning Commissioner Alex Cainglet; Top right photo: Filipino-American Chamber of Commerce of South Bay Los Angeles (FACC-SLAA) Officer Ms. Ellen Samson; Bottom right photo: Trade Commissioner Eric C. Elnar; Bottom left photo: Labor Attaché Armi Evangel N. Peña. (Los Angeles PCG photo)
Consul General Cruz (fourth from left) with Philippine Consulate General in Los Angeles personnel, and representatives of Philippine Overseas Labor Office (POLO) and the Philippine Trade and Investment Center. (Los Angeles PCG photo)
For more information, visit https://www.philippineconsulatela.org or https://www.facebook.com/PHLinLA/