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  • To give more help to Taal victims BDO Remit extends waiving of remit fee on cash donations until June

    To give more help to Taal victims BDO Remit extends waiving of remit fee on cash donations until June

    With more overseas Filipinos still wanting to extend their helping hand to their kababayans adversely affected by the Taal eruption, BDO Remit has extended its free remittance campaign on cash donations sent until end-June this year.

    As of end-January, BDO Remit has collected more than P600,000 in cash donations from overseas Filipinos, remitted to different accredited foundations. Bulk of this came from the United States, Japan, and the Middle East.

    Cash donations collected by BDO Remit offices abroad are then coursed through different foundations namely BDO Foundation, ABS-CBN Lingkod Kapamilya Foundation, Inc., GMA Kapuso Foundation, Inc., and Philippine Red Cross.

    According to Genie T. Gloria, senior vice president and head of remittance of BDO, inquiries and requests (to extend the campaign) are pouring in from different Filipinos communities abroad.

    “There are still those who want to donate. With this extension, at least they can still catch up and avail of the free remittance fee when they donate to the Taal victims. Even though the COVID-19 epidemic has grabbed everybody’s attention now, the fact of the matter is the problems caused by the Taal eruption are still present. It’s still a long time before they fully recover,” she said. “If we tell Filipinos abroad that their donations are free (of fees), they are more encouraged to donate, thus, the more people we can help.”

    The remittance free campaign on cash donations to Taal victims started on January 14 and is in effect originally until March 31, 2020.

    Gloria explained that Filipinos’ inherent bayanihan spirit, wherever they may be, shines through in times like this.

    “Filipinos abroad are always willing to help. When calamity strikes back home, they are always willing to assist because they feel that’s their way of paying back for the blessings that they have received (of being able to work abroad),” she added.

    This complements the advocacy of BDO Remit to waive the remittance fees whenever the country is beleaguered by natural calamities.

    Aside from the different BDO Remit offices, the Bank’s global remit partners are also receiving cash donations for the benefit of the Taal eruption victims, including Remitly, Small World, WorldRemit, Azimo, UAE Exchange Centre, and Xpress Money. Regular remittance charges apply.

    OFs can also visit BDO Kabayan’s Facebook page to know more about this campaign.

    Earlier, BDO’s remittance office in Barcelona, Spain has organized a donation drive to the distressed victims of the Taal eruption by putting up drop-off boxes for Filipinos who want to donate in kind.

    Officers and staff of BDO Remit Spain have also visited Filipino communities in Barcelona including Filipino Asian stores, restaurants, medical providers, clinics, freight forwarders, travel agencies and grocery stores to promote their donation campaign.

    DONATION DRIVE FOR TAAL VICTIMS. Members of the Filipino community in Barcelona do their part in donating in kind to the victims of the Taal eruption, as facilitated by BDO Remit Spain.

    These donation boxes will then be delivered to BDO’s corporate social responsibility arm—BDO Foundation—for distribution to the affected areas. Filipinos living in Barcelona are mostly from Batangas and Cavite, areas that continue to bear the brunt of the volcanic eruption.

    About BDO Unibank, Inc.

    BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust and investments, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards, credit card services, and stock brokerage services.

    BDO has one of the largest distribution networks, with more than 1,400 operating branches and over 4,400 ATMs nationwide. It also has full-service branches in Hong Kong and Singapore as well as overseas remittance and representative offices in Asia, Europe, North America, and the Middle East.

    BDO ranked as the largest bank in terms of total assets, loans, deposits, and trust funds under management based on published statements of condition as of September 30, 2019. For more information, please visit www.bdo.com.ph.

    BDO Unibank, Inc.
    BDO Corporate Center
    7899 Makati Avenue
    Makati City 0726, Philippines
    Tel +63(2) 8840-7000
    www.bdo.com.ph

    REFERENCE:

    Chesca Ortega
    PR and Events Specialist
    Roar Agile Communicators Corp
    roar.ph chesca.roar@gmail.com

  • BDO Foundation PH teaches financial education to kids through storytelling

    BDO Foundation PH teaches financial education to kids through storytelling

    A boy who succeeds in getting his dream toy, an enterprising high school student who uses her creativity to earn income, and a modified version of a well-loved folk song—these are just some of the content used to teach youngsters the value of saving money and preparing for the future.

    The materials, which come in the form of videos, are part of the training tools developed by BDO Foundation, the Department of Education (DepEd) and Bangko Sentral ng Pilipinas (BSP) to promote financial education among public school students from kindergarten all the way to senior high school.

    Gandang Girlie Video –  “Ganda ni Girlie,” describes how a high school student’s resourcefulness and creativity help her earn income even in her youth. 

    “Young people are into watching videos. We thought it would be best to come up with financial literacy videos that would not just entice, but more importantly, educate them,” said BDO Foundation president Mario Deriquito.

    He also said the strategy to leverage storytelling and music was meant to provide entertainment while educating children on the very important subject of personal finance.

    Savings from her earnings
    Savings from her earnings

    “The beauty of stories and songs is that they are easy to remember. Kids appreciate the materials better because they can easily imagine being the characters in the stories. This makes the materials so powerful in teaching and inspiring,” Deriquito continued.

    Five financial education videos for students have been released to date. These aim to catch students’ attention and enable them to learn about the value of money at the same time.

    The said tools, developed by BDO Foundation in partnership with DepEd and BSP, were deployed to public schools nationwide by virtue of DepEd Memo No. 32, series of 2019, signed by DepEd Secretary Leonor Briones.

    Finishing touches for her springless notebook business

    The videos include “Walk Hard for the Money,” which tells of an elementary school boy who chooses to walk to school instead of commuting despite being given allowance. Along with other money-making efforts, these eventually pay off, allowing him to buy an electric scooter, which he later rides to school.

    Another video, “Bente Bente,” conveys the same message to young school children to the tune of “Tong Tong Pakitong-kitong.”

    Inspired by the Filipino folk song Magtanim ay Di Biro, “Umutang ay Di Biro” also uses music to tell older students to save their allowance, limit spending and pay debts on time.

    Newspaper fund drive from her neighbors & sells it to nearby junkshops

    “Ganda ni Girlie,” meanwhile, describes how a high school student’s resourcefulness and creativity help her earn income even in her youth.

    “Save to Have a Million: Junior Edition” discusses the right attitudes in handling money through a game show.

    Other than the videos for the students, the financial literacy learning tools also include lesson plans, discussion guides, and financial education videos for teachers and non-teaching personnel.

    Ice Candy business during weekends

    “It is very important that the students start the habit of saving while they’re young,” Deriquito emphasized. “This is our strategy for greater financial inclusion among Filipinos in the long run.”

    A survey conducted by global financial services firm Standard & Poor’s revealed that only 25% of Filipino adults are financially literate. This is lower than the global average of 33%.

    “We hope that the videos encourage the students not just to live for the moment, but prepare for their future by saving and spending wisely now,” Deriquito added.

    Barbecue Outside her village area with the help of her relatives taking turns in grilling then selling it.

    BDO Foundation will be developing more financial education materials together with DepEd and BSP in the future.

    The foundation also has financial education programs for overseas Filipino workers and their families, army personnel and their families, and small farmers. Its programs will further be discussed in a web series on YouTube.

    BDO Foundation is the corporate social responsibility arm of BDO Unibank.