One-day workshop on financial literacy on March 30

Cash. — DayakDaily.com file pic.// Photo: Pixabay

KUCHING, March 26: The Malaysian Financial Planning Council (MFPC) is organising a one-day Financial Literacy Workshop at Islamic Information Centre here from 9am-4pm on March 30.

MFPC in a statement today that the workshop is to help Malaysians to have basic financial literacy and facilitate a switch in their attitudes towards financial management .

MFPC revealed that this will be their third public roadshow for the year 2019 after organising similar sessions in Johor Bharu and Negeri Sembilan earlier.

The core objective of the programme is to help Malaysians make better financial decisions, as data indicates Malaysians lacks successful money management knowledge.

The council said it was greatly concerned that 70 per cent of Malaysians are below the global level of acceptable financial literacy rate. Apart from this series of public programmes, a somewhat similar programme is conducted by the council at FELDA settlements and government agencies.

The programme has the endorsement of 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).

MFPC president Michael Kok Fook On said that by providing Malaysians with basic education on personal finance and understanding how to manage wealth will significantly contribute to their capability to lead a sustainable lifestyle and indirectly contribute towards the country’s long-term development. — DayakDaily