Financial Literacy In Malaysia

Tune in to these webinar series organised by bank negara malaysia for useful guides on prudent financial management managing your money in the new norm and the importance of insurance and takaful protection for youth.

Financial literacy in malaysia. Unfortunately the level of financial capability and financial literacy of malaysians is alarmingly low. Learning and acquiring the necessary skills to do so is invaluable. Governments around the world are recognizing the benefits to individuals and national economies of having a financially literate population that has access to appropriate financial products with relevant consumer protection in place. One out of three malaysians are not comfortable with their financial knowledge while half of the population 52 say they face difficulties raising even rm1 000 for emergencies.

Shows that generally 51 54 of malaysians have the basic financial knowledge and this figure drops to 37 for advance financial literacy the results. Catch the live sessions. Planning and managing finances for personal and professional purposes is a lifelong process. Bsn financial literacy co curricular activity.

Malaysian financial planning council malaysia. Level of financial literacy in malaysia. Read more improving the standard of financial literacy. In our previous article on the national strategy for financial literacy 2019 2023 we briefly touched on the five strategies that were the main focus of the entire plan.

Watch the financial literacy video. It was formulated by the financial education network fenetwork an inter agency group led by bank negara malaysia and the securities commission malaysia. Currently with a team of over 30 people in malaysia we are focused on giving the best financial talks alongside weekly publications. Submit the certificate to the school to get co curricular marks.

Financial literacy for youths fly is an initiative started by students. In this article we dive deeper into what they actually contain. A study by s p global literacy financial in 2014 reported that financial literacy rate in malaysia is only at 36 compared with 59 in developed countries.