Press Release No. 53 - 2018

PHILIPPINE CONSULATE GENERAL IN JEDDAH CONDUCTS FINANCIAL LITERACY SEMINAR FOR OFWS

17 August 2018, Jeddah - The Philippine Consulate General in Jeddah conducted a free financial literacy seminar for Overseas Filipinos in the Western Region of the Kingdom of Saudi Arabia as a continuation of its Post Arrival Orientation Seminar series.

“Through this Seminar, the Consulate hopes to give you additional knowledge and  information to better manage your financial resources  for a secure future and a happy retirement,” Consul General Edgar B. Badajos said in his welcome remarks to the participants. The participants included many Filipino nurses from various hospitals in Jeddah.

Consul General Edgar B. Badajos welcoming the participants of the Financial Literacy Seminar.

The Seminar discussed concepts on saving, investing, and borrowing, and shared valuable tips on achieving financial freedom such as the importance of saving before spending, decreasing expenses, involving the family in goal setting and financial planning, and proper budgeting.

Welfare Officer James B. Mendiola discussing financial literacy concepts to the participants.

 Representatives of the Social Security Services, Pag-IBIG Fund and the Philippine Trade and Investment Center also discussed investment programs and options available to OFs to assist them in achieving their financial goals.

SSS Representative Michael Ingal discussing the benefits of being an active SSS member.

Pag-IBIG Fund Representative Jamal Baguan sharing with participants the programs and benefits available to Pag-IBIG members.

The Consulate conducted the seminar in partnership with the Philippine Overseas Labor Office - Jeddah, with Welfare Officer James Mendiola of the Overseas Workers’ Welfare Administration as the main resource speaker. END