The Senate last week approved on third and final reading a bill which seeks to instill business acumen among the Filipino youth by introducing entrepreneurship and financial subjects in the school curriculum.
Sen. Paolo Benigno “Bam” Aquino IV, chair of the Committee of Trade, Commerce and Entrepreneurship sponsored the Senate Bill 2212. According to him, the measure seeks to encourage Filipinos to go into businesses for themselves as an alternative solution to unemployment and underemployment.
“As the number of unemployed youth in the country grows each year, we really have to create new ways of thinking to address the epidemic,” Aquino said in his sponsorship speech.
“Through training and exposure, young people would have an option of choosing to be their own bosses and start their own businesses as an option, instead of being an employee for a company that is not their own,” he added.
Under the bill, Aquino said, the Department of Education would develop and integrate subjects and competencies in entrepreneurship in the curriculum for the primary, secondary and alternative learning modules.
In addition, he said, the Commission on Higher Education (CHED), Technical Education and Skills Development Authority (TESDA) and other private institutions would develop entrepreneurship and financial literacy modules for the tertiary and post-secondary education.
He said financing and grants would also be provided for the students, together with mentoring and the much-needed market linkages.
“Financial literacy in the basic education system is a good foundation for entrepreneurship in the future. Let us enable an environment where these young people can harness their innate energy and creativity and provide them the opportunity to start on their own and build their own businesses,” Aquino said. (Pilar S. Macrohon)/MP