Ramping Up Towards Philippines 2040

Slides:



Advertisements
Similar presentations
Financial Education Win-Win for Clients and MFIs.
Advertisements

Corporate Governance in Asia Berkeley Center for Law, Business and Economy May 4, 2006 Hasung Jang Dean Korea University Business School.
Consumer Math p Definitions  Down payment – part of the price paid at the time of purchase  Financed – borrowed  Mortgage – a property loan.
Farm Management Chapter 19 Capital and the Use of Credit.
© Family Economics & Financial Education – Revised December 2004 – Semester Course Review – Trivia Game Funded by a grant from Take Charge America, Inc.
Why is Financial Education Important in Texas? TCEE Smarter Texas Conference Leilani Lim-Villegas Financial Education Coordinator Texas Department of Banking.
Finance In the Classroom Credit Jeopardy. Finance In the Classroom Note to Teachers All answers are in the NOTES area below. To see the answers, be sure.
Financial Literacy By. What I Know about Savings.
Globalized Banking, Shock Transmission, and Implications on Domestic and International Monetary Policy Stances of the Local Economy Masaru Tanaka Deputy.
Chapter 11SectionMain Menu Saving and Investing How does investing contribute to the free enterprise system? How does the financial system bring together.
Contemporary Engineering Economics, 6 th edition Park Copyright © 2016 by Pearson Education, Inc. All Rights Reserved Nominal and Effective Interest Rates.
IGCSE®/O Level Economics
© 2007 Thomson South-Western. In this section, look for the answers to these questions: Why does productivity matter for living standards? What determines.
2012 MCPI Annual Conference Focusing on Responsible and Client-Centered Microfinance Hyatt Hotel, Manila, July 2012.
Chapter 2 Economic Activity. Objectives Describe Gross Domestic Product Describe Gross Domestic Product Identify and describe economic measures of labor.
GHSGT Review Economics. Unit 1 – Fundamental Concepts of Economics.
 established on 3 July 1993 pursuant to the provisions of the 1987 Philippine Constitution and the New Central Bank Act of 1993  BSP enjoys fiscal and.
Philippine National FOs’ Experience (NATCCO, and SIDC)
Leveraging Remittances for Economic Development CMEx October 2006.
Chamber of Thrift Banks Annual Convention Presentation by: BENEL P. LAGUA President and COO Small Business Corporation Department of Trade and Industry.
 The amount of money the borrow must pay for the use of someone else’s money  Payment people receive when they lend money, allowing someone to use their.
C. Financing a Small Business 4.00 Explain the fundamentals of financing a small business Discuss sources used in financing a small business.
11 years of consumer financial education in South Africa Measuring Financial Literacy and Capability: Diagnostic Tools to Support Policy Development Mr.
 Life Expectancy is 180 th in the World.  Literacy Rate is 4 th in Africa.
1 Banking Risks Management Chapter 8 Issues in Bank Management.
Structure of Banking Industry
Chapter 1 Why Study Money, Banking, and Financial Markets?
1 Lecture 2: Financial markets Mishkin chapter 2 – part A Page 23-28,
Farm Service Agency (FSA) Direct Loans Annual Operating & Equipment - $300,000 limit Annual Operating – 1 year with 1.375% Interest Rate Equipment Loans.
You and Your Credit UNIT VII – Personal Financial Literacy.
National Financial Inclusion Strategies (NFIS) National Financial Inclusion Strategies play major roles in shaping policies and regulatory frameworks.
A Presentation by M R Umarji. Smart Regulation creating Policies that work Compared with other countries around the Globe India has low levels of financial.
Ch. 10: Consumption & Savings ECONOMICS 12. Consumption  Consumption is that part of an individual’s income that is spent on goods & services rather.
CHAPTER Section 13.1 Start-Up Investment Section 13.2 Obtaining Financing Financing Your Business.
Chapter 11 Financial Markets. Saving and the Financial System Saving The act of not spending money Savings Dollar Amount from that non consumptions of.
Credit Bureau Garry Wood. 1.What is a Credit Bureau (the “CB”) 2.About the CB & how it works 3.What impact does it have on consumers 4.What impact does.
Money and Banking.
UNIT VII – Personal Financial Literacy
Nominal and Effective Interest Rates
HABITAT FOR HUMANITY TANZANIA
Take Charge of Your Finances
Unit 6: Personal Financial Decisions Review
Basic Finance The Federal Reserve
MONETARY POLICY.
Understand the role of business in the global economy.
USAID Financial Sector Transformation Project
FEI Professional Development Session September 21, 2017
PERSONAL FINANCE: December 1 PLEASE REPORT TO C11 UNTIL FURTHER NOTICE
Take Charge of Your Finances
BSP Control Instruments in Monetary Policy
Take Charge of Your Finances
WHY CREDIT? Financial Unit
The Financial System and its Institutions
What is credit and why is it important?
Sources of consumer credit
Digital Era Boom for Fintech Companies
Financing the Small Business Start-up
ENTREPRENEURIAL FINANCE Fifth Edition
Personal Money Management
Financing Your Business
© 2016 Pearson Education Ltd. All rights reserved.19-1© 2016 Pearson Education Ltd. All rights reserved.19-1 Chapter 1 Why Study Money, Banking, and Financial.
Fintech Chapter 4: Financial Institutions
The Consumer Price Index (CPI)
Jeopardy Measuring Wealth Traps and Debt Women and Children Health
Improving SME Access to Finance: the Role of Government
UNIT VII – Personal Financial Literacy
Chapter 1 Personal finance.
The Financial System and its Institutions
Monetary policy Monetary: relating to money or currency
Presentation transcript:

Ramping Up Towards Philippines 2040 54TH ANNUAL MEETING Philippine Economic Society 08 November 2016 | Novotel Hotel

Mastercard Asia Pacific Financial Literacy Index PHILIPPINES Score: 62 11th PH ranked 11th out of 17 Asia Pacific countries Topics covered: Basic money management Financial planning Investment 1st place is Singapore 2nd place is Taiwan 3rd place is New Zealand Source: Mastercard (2015)

Standard & Poor’s Rating Services Global Financial Literacy Survey PHILIPPINES 114th 25.0% PH ranked 114th out of 148 countries Only 25% adults answers correctly Topics covered: Debt Risk diversification Inflation Savings Source: Standard & Poor’s (2015)

Never experienced saving money Used to Save but has stopped saving Savings Pattern of Filipino Adults Never experienced saving money 25% 43% Currently has Savings Used to Save but has stopped saving 32% 57% are not saving at all Source: BSP National Baseline Survey on Financial Inclusion (2015)

Informal Savings Group 0.8% Non-stock Savings and Where Savings Are Kept Informal Savings Group 2.6% 0.8% Non-stock Savings and Loan Association Cooperatives 7.5% 32.7% Banks 68.3% Home Source: BSP National Survey on Financial Inclusion (2015)

Currently borrows money Used to but do not borrow anymore Borrowing Patterns Of Filipino Adults Do not borrow at all 19% Currently borrows money 47% 34% Used to but do not borrow anymore 53% do not borrow at all Source: BSP National Survey on Financial Inclusion (2015)

Family, Relatives, or Friends Sources Of Borrowing Informal Lenders Banks 9% 4% Lending/ Finance Companies 10% Family, Relatives, or Friends 54% Cooperatives 9% 9% 63% borrow from informal lenders Microfinance NGOs 5% Government Entities Source: BSP National Survey on Financial Inclusion (2015)

Percentage of OFWs With And Without Savings From Cash Remittances Source: Philippine Statistics Authority (2015)

Percentage of OFWs With Allocation To Different Expenditure Groups 46.5% to debt payments is about $11.625b or P523b Pesos 6.5% to investments is about $1.625b or P40b Pesos Source: BSP Consumer Expectations Survey 1st Quarter (2016)

YOUTH ENTREPRENEURSHIP ACT RA 10679 YOUTH ENTREPRENEURSHIP ACT

It is the policy of this law to establish, maintain, and support a complete, adequate, and integrated system of education and training to encourage the entrepreneurial spirit among our youth.

LITERACY PROGRAM YOUTH AND FINANCIAL It is the program of the State that mandates the inclusion of entrepreneurship and financial literacy program in all levels of education nationwide.

financial literacy program The Challenge: Grassroots level financial literacy program

Grassroots level financial literacy program The Challenge: Grassroots level financial literacy program

FOLLOW US: www.WinGatchalian.com WinGatchalian74 email@wingatchalian.com FOLLOW US: