On March 14, 2024, St. Michael’s College of Iligan, Inc., through the College of Business Administration and Accountancy (CBAA), hosted an enriching Bangko Sentral ng Pilipinas (BSP) Session attended by FINMAN students under the leadership of Sir Korsiney Cabasis,DBA, together with ABM and CBAA students. The session aimed to strengthen students’ understanding of financial systems, responsible money management, and economic literacy. With resource speakers from the Bangko Sentral ng Pilipinas—Ms. Rosalyn Embrado and Mr. Ramon Gervancio—the activity sought to equip future business professionals with essential knowledge on national monetary policy, digital banking, consumer protection, and economic safeguards.
Empowering Students Through Quality Financial Education
This initiative strongly supports SDG 4 (Quality Education) by providing real-world financial insights directly from the country’s primary monetary authority. Students gained a clearer understanding of fiscal responsibility, inflation, monetary policies, and banking regulations. The immersive session allowed them to contextualize classroom knowledge with real-time economic issues, enabling them to become informed, responsible, and future-ready business leaders.
Contributing to SDG 8: Preparing Youth for Economic Growth and Ethical Business Practice
The BSP session reinforced the crucial role of young Filipinos in shaping the nation’s economic direction. By strengthening financial literacy, the event contributed to SDG 8 (Decent Work and Economic Growth)—cultivating a generation that understands sustainable economic development, ethical financial behavior, and responsible entrepreneurship. Students were reminded that achieving a stable and thriving economy requires competent, morally grounded leaders—values consistently nurtured at St. Michael’s College.
Partnership for Sustainable Development: BSP and the Michaelite Community
The activity also demonstrated SDG 17 (Partnerships for the Goals) as SMC and BSP collaborated to bring high-impact educational opportunities to Iligan City. This partnership shows SMC’s dedication to community-engaged learning, working with national institutions to ensure that students receive quality and relevant education aligned with global standards.
Grounded in CSR and Intellectual Responsibility
Aligned with SMC’s advocacy for Corporate Social Responsibility (CSR), the session emphasized the importance of ethical financial decision-making. Students were taught about consumer rights, fraud prevention, and responsible financial citizenship—promoting a culture of integrity and accountability.
Furthermore, SMC ensures that all materials, photos, and content shared respect intellectual property rights, protecting institutional identities and the dignity of the speakers and participants.
Guided by Faith: Financial Stewardship Rooted in Catholic Values
Inspired by the love of Mother Mary and the teachings of Jesus Christ, the session highlighted financial stewardship not only as a skill but also a moral responsibility. Students were reminded that money, wealth, and resources are gifts meant to be managed with honesty, compassion, and service to society. True to the mission of Faith, Excellence, and Service, the session encouraged Michaelites to become ethical stewards of the financial systems they will one day lead.
A Transformative Learning Experience for Future Business Leaders
The BSP Session stands as a testament to St. Michael’s College’s deep commitment to molding informed, ethical, and socially responsible business professionals. By providing platforms for financial education and economic awareness, SMC ensures that its students are not only academically competent but socially conscious and morally grounded—ready to contribute to the nation’s growth and advocate for sustainable development.
