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.
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by Manila Standard. Comments are views by manilastandard.net readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of manilastandard.net. While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with Manila Standard editorial standards, Manila Standard may not be held liable for any false information posted by readers in this comments section.