BPI Sulong equips Singapore OFWs with financial management skills

(L-R) BPI foundation program manager Janelle Monsanto; BPI foundation executive director Maricris San Diego; Atikha executive director Estrella Dizon-Anonuevo; and deputy executive director Aileen Constantino-Penas. (Contributed photo)

ACCORDING to the Bangko Sentral ng Pilipinas’ Consumer Expectations Survey published in the second quarter of 2019, 33.9 percent of Filipino households that received overseas Filipino workers (OFW) remittances allot money for savings and 5.2 percent have investments.

To improve these figures and help these modern heroes build better lives with their loved ones, BPI Foundation, the social innovation platform of Bank of the Philippine Islands (BPI), has expanded BPI Sulong, its program teaching financial management and entrepreneurship to OFWs. First implemented in Hong Kong in 2015, BPI Sulong, through its partnership with Atikha Overseas Workers and Communities Initiative, Inc., has made its way this year to Singapore, one of the Philippines’ top sources of OFW remittances and employing over 180,000 OFWs.

BPI Sulong advocates shared financial responsibility among OFWs and their family members. Through seminars and workshops on financial management and entrepreneurship, the program educates OFWs on how to save, grow, and invest their earnings.

“While these OFW remittances help their families with their day-to-day living, we see the need to teach them how to better manage their money to ensure that the fruits of their labor and sacrifice will go to supporting their dreams,” said Maricris San Diego, Executive Director of BPI Foundation. “With BPI Sulong, we provide financial management and entrepreneurship training and workshops to make the most out of their earnings, so they can build better lives once they come home.”

Since it launched, BPI Sulong has helped over 6,000 OFWs and more than 7,000 family members make better financial decisions for their future.

To know more about BPI Sulong and the BPI Foundation, visit their website at (PR)


SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules:

Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent. Do not shout or use CAPITAL LETTERS!