Victorias City is the first component city in Negros Occidental to collaborate with the Securities and Exchange Commission (SEC) for the implementation of the “SEC Communication, Advocacy, and Network (SEC-CAN!) Project.
Mayor Javier Miguel Benitez signed the memorandum of agreement for the partnership together with SEC Director II . Annabelle Corral-Respall at the Victorias City Hall on Friday, June 7.
“We aim that every Victoriasanon will gain knowledge on effective management of money and debt through carefully designed financial literacy programs and investment scam awareness and activities.” Benitez said,
Benitez said he believes that this partnership is a step towards a more progressive and sustainable economy.
Respall expressed her support for the city’s thrust for a sustainable economy and mentioned some of the programs of SEC aligned with this advocacy.
With SEC-CAN!, the City of Victorias can now equip Victoriasanons with the knowledge and skills to understand financial principles and practices, investing, financial literacy, and investor protection, and avoid falling victim to investment scams and other fraudulent schemes, a press release from Victiorias City said.
The ceremonial signing was witnessed by City Administrator Lindolf De Castro and SEC Information Officer II Maria Laarni King.
Councilors Warlito Undar, Hermie Millan, and Eric Alcobilla were also present during the event along with the department heads and city employees.*