ITE Build Your FUNDation Competition 2013

On 21 October 2013, ITE College East held a competition called ITE Build Your FUNDation Competition 2013. It was a competition played on the Praxis financial board game and while it looked very similar, the situations involved were more comparable to financial situation in real life. 

This was not the first time ITE CE had organised of such events. Last year was the first. However, this year, ITE CE had extended the competition to secondary schools under three categories i.e. secondary school students, secondary school teachers and ITE students. The co-organiser and sponsors for the competition were Citi-NIE Financial Literacy Hub and NETS respectively. There were attractive prizes up for grabs, which is the iPad minis and vouchers for the top three winners in each category, and challenge trophies.

During the one-hour competition, students were excited and had fun playing. It required a lot of mental knowledge and the students learned about financial situations and terms such as insurance, stock markets, recessions, etc, and how to manage financial crisis. The competition also saw the soft launch of a mobile app called ‘Plan Your Life’.

The deputy principal of ITE College East, Mr Lim Chwee Seng, graced the event with his inspirational speech and later gave the token of appreciation to the Guest-of-Honour, Mr Jeffery Goh, CEO/NETS. While the score were being tabulated, the audiences were entertained with performances that include a Korean dance, and two guitarists-singers acts.

Mr Goh gave out the prizes to the following winners:

Secondary School Students:

(1)  Samantha Chim, Clementi Town Secondary School

(2)  Chua Teck Lee, Deyi Secondary School

(3)  Devini D/O Raj Kumar, Deyi Secondary School

ITE College Students:

(1)  Jonathan Soh, ITE College East

(2)  Sim Rong Xing, ITE College East

(3)  Michael Tan, ITE College East

Secondary School Students:

(1)  Irene Ang, Geylang Methodist Secondary School

(2)  Simon Sng, Westwood Secondary School

(3)  Khoo Shu Hui, Bukit View Secondary School

Challenge Trophy (Secondary Schools) - Deyi Secondary School

Challenge Trophy (ITE) - ITE College East

According to Mr Goh, he was really proud and happy in seeing the success of the event, and hoped that such competitions could be organised every year as one of the means for students to learn about financial management. 

The creator of the Praxis financial board game, Dr Koh Noi Keng, was happy to see the students had benefited from the games and learned financial management in a fun way. 

Ms Carolina Young, CM of Lifeskills Department, agreed that the students were not only enthusiastic not only in learning about finance but they really had great bonding with one another.

~ Mageswari, ITE CE Journal Club reporter ~