MANILA, Philippines — Senator Paolo Benigno “Bam” Aguirre Aquino IV encourages on all Filipino students to develop the importance of financial literacy as a vital part of the country’s future during the recently-concluded Sinag Students Summit. The financial journalism literacy conference for young aspiring journalism students held recently at the SGV Conference Hall of the Asian Institute of Management (AIM).
In his keynote address, Senator Bam Aquino said that many Filipinos go through that entire educational system without ever coming on the financial literacy. In line with that, this was one of the reasons why the chairman of the Committee on Youth pushed for the passage of the Youth Entrepreneurship Act in the previous Congress.
“This law basically mandates that the Department of Education, Commission on Higher Education, and the Technical Education and Skills Development Authority include financial literacy in the curriculum of our schools. We’re hoping this can be implemented in the next school year,” Bam Aquino said.
“We passed this law specifically to try to address our financial literacy problem. If this is taught in schools and is complemented with what you do as campus journalists and future journalists, I think it will be very important that that synergy is there so we can make sure that our countrymen – especially the youth – are empowered, equipped, and responsible when it comes to utilizing finances,” Aquino added.
Aquino also stressed out the significance of reporting the truth for the aspiring journalists. “These days, a lot of misinformation is going around. Just open your Facebook or look at Twitter, and you’ll see that sometimes the volume of misinformation is even more than the volume of actual information. It goes back to basic responsible journalism,” Aquino stated.
“As people studying journalism, you understand how it’s very important to check your sources, don’t use headlines which are clickbait or could confuse your readers, and you try to push for things that will not just sell, but are more importantly, the truth,” Aquino said.
Sen. Aquino was one of the speakers in the Sun Life Financial-organized Sinag Students Summit The conference aims to educate Filipino students on the importance of advocating financial literacy in the Philippines.
The event was also attended by other notable speakers including Sun Life Chief Marketing Officer Mylene Lopa, the country’s top economist Luz Lorenzo, as well as wealth and life coach Chinkee Tan, the Philippine Daily Inquirer Senior Reporter Doris Dumlao- Abadilla, TV5 and Bloomberg Philippines Broadcast Journalist Gerard dela Pena and investment advocate and speaker Aya Laraya.