School gets lessons in financial fitness
The Right To Play Thailand Foundation, supported by Master Card Worldwide, held a special event last week called Financial Fitness Celebration Day at the Anuban Muang Nakhon Sawan School (KhaoKob).
Celebration Day is a market-like event for students to showcase their enterprise projects, experience the buying and selling of products and reflect their skills - managing the money and their entrepreneurship skills. This event was acquired through the Financial Fitness and Livelihoods programme.
Right To Play Thailand has been implementing the Financial Fitness and Livelihood Programme at schools in Nakhon Sawan for the past nine months. Some 450 students from five schools - Wat Tha Thong, Wat Nhong Pling, Aunban Phayuha Khiri, KhaoKob and Wat Thasut School - attended the programme with Right To Play.
Prior to the preparation for the Financial Fitness Celebration Day, all participating students were provided with skills and knowledge in financial literacy, financial management and core components of entrepreneurship.
They were given tools to analyse the entire components needed to start up their own business such as the 5Ps marketing components - product, price, place, promotion and people - and were taught how to calculate cost and profit.
This event also brought 500 junior high school students together with 80 participating teachers.
The activities on celebration day focused on market-like events with real-life experiences for young entrepreneurs. There were 49 outlets with various types of products including food, beverages, decorative materials and jewellery.
All groups of children came up with diverse ideas for promoting and marketing by using the tools that they have learned. The event was mainly organised by students who were volunteers to be part of the committee. The students managed the whole logistics by dividing up the teams into different responsibilities with Right To Play staff support in leading the process.
According to Child and Youth Finance International, less than 1 per cent of children worldwide have access to financial education and financial inclusion. With an estimated one billion children living in poverty globally, it is an opportunity for organisations to come together to promote financial education in money matters. "This kind of situation raised the importance of teaching children to manage money wisely through Right To Play's financial education programmes. We seek to provide youths with skills and knowledge in financial management and literacy.
"Right To Play and MasterCard have thus far launched the Financial Fitness Celebration Day, which saw participation from 200 Thai youths, empowering them with essential financial skills related to decision-making, responsibility and negotiation."
Right To Play is a global organisation that uses the transformative power of play to educate and empower children facing adversity. Through playing sports and games, Right To Play helps children in more than 20 countries to build essential life skills and better futures, while driving lasting social change. Founded in 2000 by four-time Olympic gold medallist and social entrepreneur Johann Olav Koss, the Right To Play Thailand Foundation was registered in Thailand in 2007 to implement programmes for school children, vulnerable youth, youth delinquents, migrant children and refugee children in Thailand.
Thio Gim Hock, CEO of OUE, hangs up Christmas stars
Singapore-listed OUE and Meritus Hotels & Resorts, in collaboration with children's aid societies, Club Rainbow, the Children's Cancer Foundation and the Viva Foundation, last week completed the ceremonial hanging of Christmas stars at the Mandarin Orchard Singapore hotel.
The annual community project, "Stars of Christmas", also won support from partners including Harley-Davidson of Singapore, Harley Owners Group Singapore Chapter and Chrysler Jeep Automotive of Singapore.
Leading the ceremony was Thio Gim Hock, managing director and CEO of OUE, and Danny Wong, manager of the Mandarin Orchard Singapore.
Stars of Christmas is aimed at soliciting Christmas presents for children suffering from life-threatening illnesses. Stars bearing the name, age and gender of each beneficiary adorn the Christmas tree at the main lobby of the hotel.
Hotel guests, visitors and employees can then take part by picking the stars and buying corresponding presents that are then placed under the tree.
Stars of Christmas culminates in a "Toy Run" on December 21 with a procession to deliver hundreds of donated Christmas presents to the various aid societies.
This year, Stars of Christmas extends the spirit of the season to children in the Philippines affected by Typhoon Haiyan. More stars will be hung on the Christmas tree, giving the public a chance to buy presents and spread some Christmas cheer to hundreds of children in devastated communities.