Banares, Roselyn C. BSBA- Fin. Mgt4 “Educational Tour” (BSP, PSE and NEDA) BSP destination (Bangko Sentral ng Pilipinas) September 12, 2012 that was the date of our educational tour. 6:00 am in the morning is the call time, that’s why I tried to wake up early morning to fixed my things and go to school in time. We leave at 7:30 am and we’re first destination was Bangko Sentral ng Pilipinas money museum. BSP allowed us to watch the video on how they made money. I leaned that they consumed of ten months in making money. They showed us the minting process of money.
It so happened that I enjoyed watching the minting process. I learned also that the money has security features of money and the history. In security features there is a security threads, security fibers, code for the blind on 200 peso bill, florescent printing, optically variable ink, concealed value on 500 peso bill, perfect see- through register and micro prints. Then after we watched the video, the speaker orients us about the old money that we have in the past. We saw different shapes, color, size and kind of money in the Philippines.
I have enjoyed the tour in that part most especially when I tried to play they’re touched screen machine. We played puzzles and trivia and we’re happy that we got 4 number of right out of 5 questions. We also go to the BSP library to search about our report in monetary policy. Ms. Rose Garcia helped us to enter in the library even though we don’t have a letters of reservations. Then after that we take pictures outside the museum for our remembrance. We also want to take pictures of the old money that we have but the management of BSP did not allow us.
As its history of the BSP, the museum of Bangko Sentral ng Pilipinas. Inaugurated on January 3, 1999, as part of the celebration of the 50 years of central banking in the Philippines, the museum showcases the Bank’s collection of currencies. As repository and custodian of the country’s numismatic heritage, the museum collects studies and preserves coins, paper notes, medals, artifacts and monetary items found in the Philippines during its different historical periods. These collections have been placed on permanent display at the useum. Designed to “walk” the visitor through a number of galleries, individually dedicated to a specific historical period of the country, the museum visually narrates the development of the Philippine economy, parallel to the evolution of its currency. Complementary paintings from the BSP art collection, together with chosen artifacts, enhance each gallery. A panoramic memorabilia of 50 years of central banking in the Philippines showcases the strides made in bringing about price stability, to sustain economic growth in the country.
The exhibition hall also carries the busts of the governors of the Central Bank/ Bangko Sentral. We learned all of this inside the BSP money museum. PSE destination (Philippines Stock Exchange) Our second was Philippine Stock Exchange, and it located in to ortigas city. Sir Harvey told us about the history of PSE which was our speaker. And we knew that the current Philippine Stock Exchange is a conjunction of the Manila Stock Exchange (1927) and the Makati Stock Exchange (1963). The Manila Stock Exchange, when in existence, was the first exchange in Manila and the oldest in the Far East.
Regardless of having existed separately for nearly three decades, the two bourses combined in 1992 under President Fidel Ramos. Association was deemed suitable because the two exchanges basically traded the same listings. Ramos also aimed for a more efficient capital market. In 1994, its operations were in full swing with two trading floors – one in Pasig City; the other in Makati City. On January 4 1993, the PSE incorporated the Status Trading System – a mechanical approach for their operations. Six months later, on June 15, they also adopted the MakTrade trading system.
Although the two systems were linked on March 25 1994 to allow for the same opening and closing prices, it was not until November 13 1995 that the systems were unified under the Unified Trading System – operating under the MakTrade. In 1998 the Philippine Securities and Exchange Commission named the PSE a self regulating organization, which allowed it to execute its own policies and regulations. By 2001, the PSE had formed into a stock-shareholder based organization by taking the shape of a profit earning corporation.
It also began trading bonds. By 2003, in an effort to be more publicly held, the exchange only allowed shares to be listed through an opening, rather than an initial public offering. He also gathered a game to us to be listened to him. He gave a cd about PSE in every person who answered correctly to his questioned. He also shows us and discusses to us what happened in the real stocks trading. He teaches us the use of electronic board and how to read it. He also told us on how can we buy or sell our stocks in the trading day.
He explained to us the importance of stock brokers and where we can meet the stock brokers. He also told us how much the minimum money that we need to have to buy stocks in the market. NEDA destination (National Economic Development Authority) Our last destination was the National Economic Development Authority. The NEDA was established in 1973 with Dr. Gerardo Sicat as its first director general. With the exception of Sicat, the Prime Minister of the Philippines was usually the head of the agency before the First People Power Revolution. Former President Corazon C.
Aquino re-organized the NEDA into its present form July 22, 1987 until the administration of President Ninoy Aquino. Former president Corazon C. Aquino appointed Winnie Monsod as its first director-general after EDSA I. the legal basis of NEDA are the following the present form of the NEDA was organized by President Corazon C. Aquino on July 22, 1987 through Executive Order No. 230. It defined the composition of the NEDA Board and the Secretariat and its powers and functions, the powers and functions of the Authority and its committees. On July 26, 1994, President Fidel V.
Ramos signed Memorandum Order No. 222 which reactivated the NEDA Board Executive Committee and mandating that the decisions of the NEDA Board Executive Committee shall be final, executor and binding upon the NEDA Board. On July 27, 1992, President Ramos signed Republic Act No. 7640, which constituted the Legislative-Executive Development Advisory Committee (LEDAC). The LEDAC serves as a consultative and advisory body to the President as the head of the NEDA and gives advice on certain programs and policies, which are essential to the realization of the goals of national development.
While we are staying in NEDA the speaker let us to watch their video while he discussing their goal and the importance of NEDA and why NEDA established and their duties and responsibilities. The speaker also let us asked about he discussed and some of our schoolmates asked some questioned and the speaker maybe amazed and he told us that we as a group are having a good questioned regarding to what hi discussed to us. After we reached our last destination we go back to our school and go home. Educational tour pictures
This picture was taken when we are in BSP money museum. We took pictures for remembrance and for compilation of our final product. We also took pictures when we are in the bus and waiting for our tour guide to tell us that we can go inside the BSP money museum. This picture was taken when we are in the NEDA and PSE. Sir Harvey let us to take pictures inside the PSE when he gathered his discussion about the PSE. He told us to take a picture having the trading floor as our background. We asked him if we can take a picture together with him and he agreed.