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RP Embassy in Vientiane Conducts First Financial Literacy Forum for OFWs

RP Embassy in Vientiane Conducts First Financial Literacy Forum for OFWs

Posted: 23 Nov 2009 06:22 PM PST

24 November 2009 – The Philippine Embassy in Vientiane, in cooperation with the Center for Agriculture and Rural Development Mutually Reinforcing Institutions (CARD-MRI) International Office in Lao PDR, organized the first Financial Literary Forum last November 7 at the Chancery.

Mr. Christian Albert Sandoval, CARD MRI’s training expert based in Cambodia, was the Embassy’s resource person. He has an extensive experience in handling training and seminars in a variety of topics particularly financial education such as budgeting and saving wisely. Mr. Sandoval was in Laos to conduct a training program for executives and personnel of Lao financial institutions and microfinance companies.

In her welcome remarks, Philippine Ambassador to Lao PDR Marilyn J. Alarilla stated that this first Financial Literacy Forum on Savings is part of the Embassy’s gender and development program. The forum was organized to reiterate to the Filipino community in Lao PDR the importance of saving for the future. Among the topics discussed were:

a) the common practices/habits that diminish their capacity to save;
b) why overseas Filipinos need to save their money; and
c) how to counter these practices/habits towards simple and doable good saving habits.

In his presentation entitled, “SAVINGS: You can do it!”, Mr. Sandoval emphasized that the forum’s objective is for participants to discover a newfound will, determination and inspiration to start a healthier and better saving practices. He stressed the need to save for future events and expenditures and to build an assets base.

Mr. Sandoval conducted a financial fitness test in which the participants rated themselves based on the ten questions in the lecture, which he acknowledged as part of a concept of Mr. Francisco Colayco, a well-known proponent of financial literacy for overseas Filipinos. He introduced the formula, “spend less than what you earn”, and other useful tips, advices, guides and suggestions for OFWs to be able to save and avoid unnecessary spending.

Dr. Jaime Aristotle Alip, Managing Director of CARD-MRI, and spouse, Mrs. Aniceta Alip, who were traveling to Hanoi, passed by Vientiane and attended the Embassy’s forum on financial literacy. During the short address to the participants, Dr. Alip said that CARD-MRI, which is a 2008 Magsaysay Awardee for Government Service, has representations in Vietnam, Cambodia and Laos and soon Kenya, where they share experience in microfinance operations.

The participants of the First Financial Literacy Forum on Savings consisted of Embassy officials and staff and their family members, local hires and members of the Filipino community, including consultants, managers and technical personnel in companies, school supervisors, and teachers. The Filipino community expressed deep appreciation to the Embassy for organizing the activity. END

Filed under: Sorsogon News Updates

Our Lady of Fatima Parish bro jupe garalde from donsol leads the the reflection at the second vigil on the visit the JMV image

Our Lady of Fatima Parish bro jupe garalde from donsol leads the
bro jupe garalde from donsol leads the reflection at the second vigil on the visit the JMV image. Posted by gmp at 1002 PM

Filed under: Sorsogon News Updates

A total of 479 persons were stranded in the ports of Sorsogon and Masbate

‘Urduja’ makes landfall in S. Leyte – Philippines
A total of 479 persons were stranded in the ports of Sorsogon and Masbate In Sorsogon, 277 passengers bound for Masbate were stranded in Pilar port and

Filed under: Sorsogon News Updates

PGMA, Salceda to ink P977.3-M for 4Ps in Albay

PGMA, Salceda to ink P977.3-M for 4Ps in Albay
Philippine Information Agency – Philippines
4Ps has since been carried out in the provinces of Sorsogon, Masbate and in Libon town in Albay. Salceda is optimistic that the expanded 4Ps will be

Filed under: Sorsogon News Updates

CSC stude tops Bicol ROTC speech contest

CSC stude tops Bicol ROTC speech contest
Philippine Information Agency – Philippines
Other participating schools were Bicol College (Albay), Camarines Norte State College and Sorsogon State College. Mrs. Aida Alcazar-Naz,

Filed under: Sorsogon News Updates

Sorsogon – Globe launches Campus Connect

Written by Danny O. Calleja / Correspondent    
Tuesday, 24 November 2009 19:17 

CASIGURAN, Sorsogon—Globe Telecom, one of the leading telecommunications operators in the country, has launched here its Campus Connect Project designed to provide a reliable communication system between local school officials and the community, particularly students and their families.

Under the project, Globe will provide three secondary schools in this fourth-class yet booming municipality with free laptop computers that would form part of the communication system linking the school, students, the community and local government unit, among others. 

The system is equipped with software especially designed to provide efficient exchanges of information, Genevieve Cerdiño, Globe regional business development manager, said during the launching of the project held at the office of town Mayor Ester Hamor here last week.

Through Campus Connect, children or their parents could be reached through their mobile phones by the school administration outside the school campus to relay urgent announcements such as suspension of classes during typhoons or flood situations, Cerdiño said.

The system is also capable of connecting the schools with local, regional and national offices of the Department of Education for easy transmittal of information, guidelines and office directives, among others, she explained.

Use of the Globe Internet and cell- phone network is also provided free for the project, as the telecommunications firm has earmarked over P1 million for this project in this municipality alone, which is so far the only one in Sorsogon, Cerdiño said.

Attending the simple launching rite were school principals Danilo Perez of Del Carmen Memorial High School (DCMHS) in barangay Sta. Cruz and Anastacio Guerrero Jr. of  San Juan High School (SJHS) of barangay San Juan, both in Casiguran.

Apart from the school headed by Perez, the Casiguran Technical School (CTS) and Esteñas Technological High School Foundation, a private educational institution in the municipality, are the beneficiaries of the Campus Connect project, Hamor said.

DCMHS, SJHS and CTS were also given cash assistance by Globe as part of its support to the municipal government’s educational program. Guerrero and Perez said the amount would be used to upgrade their school facilities.

“We are impressed by the educational program being implemented by the local government of Casiguran which was started over 10 years ago by then-mayor Edwin Hamor and pursued by his wife who replaced him after his completion of a nine-year term,” Cerdiño said.

Under the program, Mayor Hamor said all the basic needs of school children such as school supplies, uniform, tuition and matriculation fees, and transportation to and from their schools are provided the municipal government, giving no reason for parents not to send their children to school. 

“This program is one of its kind in the country undertaken by a small fourth-class municipality motivated by its determination to provide basic education to its children as first step toward a brighter future,” Cerdiño said.

Other than the educational program of the municipality, Globe had also extended support to the programs of the Casiguran town government that provides livelihood opportunities for its poor constituents.

Filed under: Sorsogon News Updates

More than 2700 stranded due to ‘Urduja’

More than 2700 stranded due to ‘Urduja’
GMA – Quezon City,Metro Manila,Philippines
Stranded passengers in Southern Tagalog included 10 in Lucena and 25 in San Jose, while those in Sorsogon included 237 in Pilar and 162 in Bulan.

Filed under: Sorsogon News Updates

Close to 400 stranded in Sorsogon, Masbate ports—PCG

Close to 400 stranded in Sorsogon, Masbate ports—PCG – Philippines
By Joanna Los Baños LEGAZPI CITY – At least 399 persons were stranded at the ports of Sorsogon and Masbate provinces Tuesday after the Philippine Coast

Filed under: Sorsogon News Updates


By bulanblog
Bulan, Sorsogon, November 18, 2009: A twenty-one gun salute and the rendition of the “Taps” bade farewell to one of Bulan’s most colorful police officers, SPO1 Johnson Sendon Gerola, 51 years old, as he was laid to rest at noon today at
Bulan Forum –

Filed under: Sorsogon News Updates

Bankers volunteer for nature and less fortunate kids

Bankers volunteer for nature and less fortunate kids – Philippines
The following trip, also a collaboration with WWF, took them to Donsol. The bankers learned how Donsol was able to protect the endangered whale sharks which

Filed under: Sorsogon News Updates

EDC to drive development on five more geothermal plants

EDC to drive development on five more geothermal plants | Think
By lxrichter
Tantoco said the proposed facilities would be built within EDC’s existing concession areas in Dumaguete, Negros Oriental (for Palinpinon), Mt. Apo, Southern Leyte and in Legaspi/Sorsogon (for Bacon-Manito).
Think GeoEnergy News –

Filed under: Sorsogon News Updates

Francis “Chiz” Escudero are political mavericks

The mavericks
Manila Bulletin
FrancisChizEscudero are political mavericks for having stood pat on their principles and integrity, while bucking the culture of “balimbingism.
See all stories on this topic

Filed under: Sorsogon News Updates

NGO helps organize 11000 SMEs in Sorsogon

NGO helps organize 11000 SMEs in Sorsogon
Business Mirror – Philippines
SORSOGON CITY—As part of its commitment toward poverty alleviation, a nongovernment organization (NGO) serving as a microfinance institution (MFI) based

Filed under: Sorsogon News Updates

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