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Financial literacy pushed

Rep. Juan Edgardo M. Angara of  Aurora  wants schools to teach financial literacy to help create new vast pools of investors and prop up capital formation , one of the key areas that need to be enhanced to enable the Philippines to keep up with its above-average economic growth. Angara trained at the prestigious London School of Economics (LSE), a training which he has used to write and help pass several pieces of economic legislation. Angara, who wrote House Bill Number 490 on financial education, said that the failure of the higher education to institutionalize financial literacy has left Filipinos largely clueless on where to invest their money, place their funds and their overall financial options. Angara said that under his Financial Literacy Act, the secretary of education is given powers to award grants to eligible institutions—either schools or schools in partnership with non-profit groups devoted to training people on financial education—so these institutions can immediately development and implement financial education courses.
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