Are We Financially Literate?

Malaysian Financial Planning Council (MFPC) rallies the action of the Malaysian government with the implementation of a National Strategy for Financial Literacy which was launched in July 23, 2019.

It’s a five-year plan that aims to raise the country’s low level of financial literacy. The initiative has 5 key thrusts and key to the success of the strategy would be successfully implementing financial literacy knowledge for the Kindergarten to Grade 12 (K-12) segment, as well as programmes for Youths and the public generally.

MFPC has been conducting numerous financial literacy sessions for the public through its UNESCO commended programme “My Money & Me”. Since the year 2018, the programme has entailed a multi-stakeholder approach mapping a way forward through clear coordinated collaboration with relevant agencies targetting to bring basic financial literacy knowledge to as many Malaysians.

Programmes are held for youths through Majlis Belia Malaysia and the 24 universities affiliated with the Council as well as for FELDA Settlers and individuals at rural areas. In addition, the programmes are also conducted for Civil Servants.

Educating Malaysians to have an in depth knowledge on financial literacy is  not an easy task and needs collective effort from all stakeholders. At the heart of the matter, we are convinced that such efforts should be continuous and consistent in order for it to be fruitful and the Council hopes its eventual collaborative engagements with Financial Education Network (FEN) would bring about one key goal of people being able to enjoy better financial and emotional well-being by being able to manage, save, spend and invest their money.

Vincent Kwo Shih Kang, President of the Council said, “through the establishment of the FEN collaboration framework, Malaysians from all walks of life must be the beneficiaries”.

He reiterated that the Council’s is poised to a make a difference with its 13,000 qualified members in alignment with the FEN initiative and raise optimism that the formation of a national strategy would help raise awareness on the importance of financial literacy among Malaysians. He applauds the action of the government on the formulation of a national strategy.

The Council has in recent years delivered game-changing initiatives in educating Malaysians on financial literacy including through gamification methodology. Our goal is simply this, Malaysians must be aware of the essential benefits of financial planning as it could make a lasting social impact for the Country.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

MyIX: MoT are ‘unsung heroes’ of Malaysia’s growing competitiveness as a regional tech hub

The Ministry of Transport (MoT) should be applauded for their commitment in ensuring that Malaysia’s internet infrastructure, particularly submarine fibre optic  cables,...

Bank Muamalat Approved 100% SME Payment Assistance Applications

With Covid-19 surge currently being experienced by the country seeing no sign of abating, many SME's who were already struggling during MCO...

Weekend Golf Getaway in Horizon Hills and Ponderosa

With Covid-19 looming, overseas travel is far and beyond anyone's wishes at the moment, but for frequent travelers keeping oneself locked up...

Coach Inspired By NYC Skyline

This holiday, Coach is updating its seasonal collection with the joyful release of its Coach 2020 Holiday Collection – the designs are...

Maxis Makes Top Management Changes After CTIO Departs

Maxis is seeing major changes in its top management, starting with the departure of its Chief Technology and Information Officer (CTIO), Morten...

Must read

Revitalise the property market for the benefit of all Malaysians

By Wong Siew Lai, General Manager – Malaysia and General Manager - Marketing & Communications, iProperty.com Malaysia Sdn Bhd

Underemployment anxiety needs to be given serious attention

By Sofea Azahar, It is very unfortunate to witness that the unprecedented twin crisis – health and economic –...

How 5G can help us build the urban future

Sunway Group is leading the way to create smart and sustainable cities with great potential As centres of...

IDEAS Opines Business And Economy Will Be Hampered If Parliament Were To Be Suspended

The Institute for Democracy and Economic Affairs (IDEAS) is troubled by several reports that a state of emergency is expected to be...