September 8, 2025 | 12:00am
MANILA, Philippines — The Philippine Inventory Alternate’s (PSE) prime govt needs Filipino youth to take management of their monetary future by investing within the inventory market as an alternative of losing their cash on on-line playing.
In a current interview, PSE president and CEO Ramon Monzon stated the native bourse plans to work with the Fee on Greater Training (CHED) to introduce monetary literacy packages.
“We actually have to vary the mindset of the younger folks earlier than they earn cash, earlier than they’ve disposable revenue,” Monzon stated, highlighting the necessity to enhance monetary literacy among the many youth.
CHED is chargeable for supervising, regulating and accrediting each private and non-private greater schooling establishments and tertiary diploma packages to make sure they ship related, high-quality schooling.
This early, Monzon is encouraging college students to shift their mindset away from “spending and playing” towards “saving and investing.”
“You’ll be able to educate that to them. Even earlier than they go away the (college), it’s important to inculcate these values in them. It’s schooling,” the PSE chief emphasised.
Monzon is the most recent voice talking out towards on-line playing, which has surged into the highlight amid rising criticism from lawmakers, advocacy teams and spiritual leaders.
In a current research by sociocultural analysis agency The Fourth Wall, most Filipino on-line gamblers are millennials from lower-income households, usually working in blue-collar or service jobs.
The research, which surveyed 1,250 lively on-line gamblers throughout Mega Manila, Metro Cebu, Metro Davao and different key cities nationwide, discovered that just about 9 out of each 10 spend lower than P5,000 per 30 days.
