The Ministry of Labour’s Department of Skill Development signed an MOU online with the Securities and Exchange Commission (SEC) to enhance knowledge on finance and investment for workers across the country.
On September 2, 2021, Deputy Labour Minister Prof. Narumon Pinyosinwat presided over the signing ceremony of the Memorandum of Understanding on the Promotion of Knowledge on Finance and Investment for Workers. The MOU was signed between the Ministry of Labour’s Department of Skill Development’s Director-General Mr. Tawat Benchatikul, and Secretary-General of the Office of the Securities and Exchange Commission (SEC) Ms. Ruenwadee Suwanmongkol. The Department of Skill Development’s Deputy Director-General, Ms. Jiraporn Punyarit, and Deputy Secretary-General from the Securities and Exchange Commission Office, Mrs. Siriwipha Suphantanate, witnessed the signing online via Zoom Meetings.
Prof. Narumon revealed that Prime Minister and Minister of Defense General Prayuth Chan-ocha and Deputy Prime Minister General Prawit Wongsuwan gives importance to and emphasizes working in the form of a civil state with the integration between public and private agencies to enhance labour skills effectively and cover all groups of workers in money management. It is a necessary life skill for workers, especially vulnerable workers, to encompass skills to manage their money effectively. This is one of the essential life skills, and to continue to invest appropriately and effectively. The collaboration between the Ministry of Labour’s Department of Skills Development (DSD), and the SEC Office, will drive the mission of building understanding and awareness of the importance of having finance and investment knowledge. The initiative aligns with the government’s policy to make peoples’ financial literacy a national agenda.
The Deputy Labour Minister added that the initiation of this cooperation stems from the intention of the Ministry of Labour and the SEC to provide Thai workers, especially vulnerable groups and those affected by the COVID-19 pandemic, to have knowledge and money management skills, and understanding how to use money properly. This is one of the life skills needed to manage money and debt effectively and continue to invest appropriately, following their potential and goals. In addition to vulnerable groups, there are over 20 million informal workers, including self-employed professions, such as motorcycle taxi drivers and taxi drivers. It is necessary to have knowledge and understanding as an intellectual weapon in managing finances and initial investment risks. Therefore, she asked that the content developed in the course be comprehensive and suitable for each target group for all Thai workers to have a quality life.
“I sincerely hope that this cooperation will be of the greatest benefit to the workers, especially helping workers with investment skills to make a career and have a better quality of life. I hope that it provides financial immunity during the period of adjusting to living in the New Normal and to overcome this crisis together, safety,” concluded the Deputy Labour Minister.
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Division of Public Relations
2 August 2021
