• OFWs to be taught financial literacy

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    VICE President Jejomar Binay assured Filipino workers in Malaysia of government assistance and support especially in gaining financial literacy.

    “It is my wish to ensure the future of Filipinos overseas through financial literacy and the setting up their own businesses and investments,” Binay said when he met with the Filipino community in Kuala Lumpur on June 17.

    Binay, the Presidential Adviser on OFW concerns, was in Malaysia from June 17 to 19 to attend the inauguration of the World Scout Bureau offices in Kuala Lumpur. He is the national president of the Boy Scouts of the Philippines.

    The World Scout relocated its operational headquarters from Geneva to Kuala Lumpur.

    While in Malaysia, Binay also attended a breakfast meeting with Filipino businessmen at the Aloft Kuala Lumpur Sentral Hotel, where the newly-formed Filipino Businessmen and     Professionals Caucus (FPBC)     was launched.

    Binay lauded the Filipino business community’s contributions to the vibrancy of the Malaysian economy and in helping deepen the Philippine-Malaysia economic relations.

    “When my schedule was being drawn up, Ambassador J. Eduardo Malaya suggested that I meet with you, and now I know why. You have not just contributed to the Malaysian economy and further strengthened Philippines-Malaysia economic partnership, but also made us more proud to be Filipino,” he said.

    “I commend the organization of the Filipino Businessmen and Professionals Caucus, and wish it success in facilitating the growth of its members’ businesses and the betterment of Filipino professionals in Malaysia, as well as bringing the Philippine and Malaysian sectors closer,” he added.

    The Philippine Embassy initiated the formation of the FPBC, a grouping of Malaysia-based Filipino professionals and businessmen, with Azdaman Engineering Group head Edna Encarnacion as interim chairperson.

    The FBPC will work with the larger Malaysian-Philippine Business Council, which is headed by Dalton’ Dr. Azmil Khalili bin Dato’ Khalid of AlloyMTD, in fostering closer engagement between the Philippine and Malaysian business sectors.

    “The caucus will work towards enhancing business practices, sharing knowledge and information, raising awareness of Filipino talent and skills, and promoting pride in being a Filipino,” Encarnacion said.

    “The Filipino business executives as well as workers in Malaysia are respected because of their dedication, hard work and resourcefulness,” she added.

    While in Malaysia, Binay paid a courtesy call on Malaysian Prime Minister Dato Seri Najib Tun Razak. He also had a meeting with his counterpart, Malaysian Deputy Prime Minister and Minister for Education Tan Sri Dato Muhyiddin bin Yassin, where they discussed further collaboration in trade, investment and education.

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