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"PROTECT YOUR MONEY, SECURE YOUR FUTURE": MFPC-SOM HOSTED WORKSHOP TO PROMOTE FINANCIAL LITERACY

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WhatsApp Image 2024 04 27 at 11.12.08

USM PENANG, 27 April 2024 - The Malaysia Financial Planning Council (MFPC), in cooperation with the School of Management (SOM) Universiti Sains Malaysia (USM), has once again set the scene for financial literacy through its signature event, 'My Money & Me 2024'.

This year's programme, which continues the tradition that begun in 2008, centred on the topic 'Protect Your Money, Secure Your Future', a rallying cry to encourage financial awareness among youths.

The 'My Money and Me' programme is a cross collaborative programme facilitated by MFPC, with the support of Bank Negara’s Financial Education Network (FEN), Securities Commission Malaysia, Federation of Investment Managers Malaysia (FIMM), Inland Revenue Board of Malaysia (LHDN), BIX (Bond-Sukuk Information Exchange), Life Insurance Association of Malaysia (LIAM), Malaysian Takaful Association (MTA), The Ministry of Domestic Trade and Cost of Living (KPDN), the Credit Counselling and Debt Management Agency (AKPK) and the Private Pension Administrator. The programme has been endorsed by the Ministry of Youth and Sports, Rakan Muda and the Ministry of Higher Education.

With the theme 'Financial Planning for the Future,' the event was held at Dewan Budaya USM, and attended by distinguished visitors and industry experts, with the opening ceremony officiated by Malaysia's Deputy Finance Minister, YB Lim Hui Ying.

Her introductory remarks established a motivating tone, emphasising the necessity of understanding financial responsibility from an early age.

Lim said that in light of the problems that have arisen today, we are reminded of how important and critical it is for young adults to become financially literate at an early age.

“I hope that the participants can benefit from this programme, in terms of smart and planned money management from a young age, avoiding persons becoming trapped in critical financial troubles early in life,” said Lim.

“It is hoped that participants can benefit from this programme in terms of smart and planned money management,” she added.

Meanwhile, the Director of the Student Development Centre, Division of Student Development Affairs and Alumni, Professor Dr. Azizah Omar said that USM is acutely aware of the role that universities can and must play in promoting financial literacy.

“We are dedicated to provide our students with the financial education necessary to ensure their success in the future, and we are eager to collaborate with MFPC and other agencies to further these efforts,” she elaborated.

This one-day programme featured engaging workshops led by industry leaders, whereby the programme agenda included important topics such as tax benefits, the importance of insurance coverage, and strategies in avoiding money fraud, which were presented by distinguished speakers from major financial institutions such as Bank Negara Malaysia and LIAM among others.

The event served as both a learning platform and a networking opportunity, allowing guests to meet with their peers and professionals.

This effort corresponds with FEN’s goals of instilling key financial skills in participants, ensuring that they are better equipped to handle and protect their finances.

Also present were the MFPC President, Andy Ng Yen Heng; Penang Chapter Chairman, Charles Tan Swee Choon; representative of USM SOM Dean, Associate Professor Dr. Abdul Hadi Zulkafli; Dean, School of Economics, Finance and Banking, Universiti Utara Malaysia (UUM), Associate Professor Dr. Bakti Hasan Basri; LHDN Director, Penang Branch, Nasruddin Mat Nasir; and FIMM Chief Executive Officer, Kaleon Leong Rahman.

Text: Siti Fatimah Abu Mansor/Editing: Nur Farrah Ezlin Mohd Suhaimi & Mazlan Hanafi Basharudin/Photo: Mohd Fairus Md Isa

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