Council Set To Improve Financial Literacy Among Malaysians

The Malaysian Financial Planning Council (MFPC) is organising a one day Financial Literacy Workshop  at Islamic Information Centre, on 25 March 2019 from 9.00am until 4.30pm in an effort to help Malaysians to have basic financial literacy, and a switch on their attitudes and behaviours towards money management.

This is MFPC’s third public roadshow for the year after organising similar sessions in Johor Bharu and Negri Sembilan earlier this year.
The core objective of the programme is to help Malaysians make better financial decisions, as data indicates Malaysians lacks successful money management knowledge.

It is of great concern to the Council that 70% of Malaysians are below the global level of acceptable financial literacy rate and apart from these series of public programme, a somewhat similar programme is conducted by the Council at FELDA settlements and government agencies.

Central to MFPC’s existence is collaboration, allowing the Council to map a way forward to fund these programmes. The Council is extremely pleased that this programme has the endorsement of the regulators and the support of Employees Provident Fund (EPF), Inland Revenue Board, Perbadanan Insurans Deposit Malaysia (PIDM), Federation of Investment Managers Malaysia (FIMM) and Permodalan Nasional Berhad (PNB).
Michael Kok Fook On, President of Malaysian Financial Planning Council said: “Basic education on personal finance and understanding of how to manage wealth will significantly contribute to Malaysians capability to lead a sustainable lifestyle and indirectly contribute towards our country’s long-term development.”
MFPC’s My Money & Me programme has received UNESCO’S  honorable ward for not only achieving outstanding progress in conventional financial planning education, but making a significant and lasting social impact for the various target groups this programme is organised for.

MFPC is poised to make a difference in the lives of individuals, helping to enhance their upward mobility and create lasting and positive change in lives of more individuals with clear coordinated collaboration with our partners in year 2019 through more financial literacy programmes.

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