2024 Malaysia Global Money Week
GMW NATIONAL COORDINATOR:
- Financial Education Network (FEN)
PARTICIPATING ORGANISATIONS:
-
Bank Negara Malaysia (BNM), Securities Commission Malaysia (SC), Perbadanan Insurans Deposit Malaysia (PIDM), Employees Provident Fund (EPF), Ministry of Education (in collaboration with Arus Academy Sdn Bhd), Arus Academy Sdn Bhd, FWD Takaful and Arus Academy, Bank Simpanan Nasional, Credit Guarantee Corporation (M) Bhd., Financial Industry Collective Outreach (FINCO), Financial Planning Association of Malaysia (FPAM), Life Insurance Association of Malaysia (LIAM), Malaysian Financial Planning Council (MFPC), Prudential Assurance Malaysia Berhad (PAMB), Pandai Education Sdn. Bhd.(Pandai), Amanah Saham Nasional Berhad (ASNB), Segi University and Colleges (SEGI), Securities Industry Dispute Resolution Centre (SIDREC)
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 18
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 3 616
NUMBER OF ADULTS REACHED DIRECTLY:
- 4 601
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 2 700 000
Throughout Global Money Week 2024 (GMW2024), FEN members and partners conducted financial literacy initiatives via physical mode and digital platforms, targeting various life stages with a focus on children, youth, teachers, university students, young adults, elderly and SMEs. The total number of outreach (direct and indirect) was about 2.7 million. The key initiatives conducted include a documentary premiere, financial education talks and workshops, contests, quizzes, video competitions, and social media postings. The initiatives that were implemented include the following:
- Documentary premiere highlighting the significance of the role of teachers in championing students' voices in financial education, serving as inspiration for other Malaysian teachers and adults in creating opportunities for youth to receive essential financial education.
- Financial literacy workshops to help low-income community to understand and manage their finances effectively.
- MyDuitStory short video competition, an annual financial education initiative targeting the youth with various financial literacy themes. In 2024, MyDuitStory aims to raise awareness of investment scams.
- Outreach programmes focusing on the importance of planning for finances and retirement from the youth’s perspective.
- Online games and quizzes for children and youth to learn in a fun and interactive way.
- Social media campaigns featuring financial literacy tips to engage young children, primarily primary school students, through a series of informative and interactive social media posts.
- Consumer education initiatives and contests on social media to educate on life insurance.
- Social media content and contests to enhance awareness about scams and cyber hygiene, and empower investors with essential knowledge to make wise investment decisions, safeguard their financial interests, and raise awareness about dispute resolution avenues.
2023 Malaysia Global Money Week
GMW NATIONAL COORDINATOR:
- Financial Education Network (FEN)
PARTICIPATING ORGANISATIONS:
- 1. Bank Negara Malaysia 2. Securities Commission Malaysia 3. Permodalan Nasional Berhad 4. Malaysia Deposit Insurance Corporation5. Ministry of Education6. Ministry of Higher Education 7. Credit Counselling and Debt Management Agency8. Employees Provident Fund 9. Bank Simpanan Nasional10. Alliance Bank Malaysia Berhad 11. Prudential Assurance Malaysia Berhad12. National Higher Education Fund Corporation 13. Malaysian Financial Planning Council 14. FWD Takaful Berhad15. Arus Academy16. RinggitPlus 17. Malaysian Takaful Association 18. Federation of Investment Managers Malaysia (FIMM) 19. Life Insurance Association Malaysia 20. CFA Society Malaysia 21. Association of Islamic Banking and Financial Institutions Malaysia 22. Association of Banks in Malaysia23. The Gerontological Association of Malaysia (GeM) 24. Financial Health Association of Malaysia (FAHAM) 25. Enactus of University of Nottingham Malaysia 26. Professional Accounting Society of INTEC Education College 27. Asia Pacific University 28. Henry Gurney Melaka School 29. Universiti Malaya 30. The University of the Third Age (U3A) Kuala Lumpur and Selangor 31. Universiti Putra Malaysia 32. South China Sea Research Hub, Curtin University Malaysia 33. GivingHub Malaysia (New)34. Inland Revenue Board of Malaysia 35. Department of Polytechnics and Community Colleges 36. Credit Guarantee Corporation (M) Bhd 37. Prudence Foundation 38. Ombudsman for Financial Services 39. Securities Industry Dispute Resolution Centre 40. Financial Literacy for Youth 41. TYMBA Education 42. Reclimate 43. Affintive 44. myIOU 45. The Malaysia Book of Records (MBOR) 46. The Malaysian National News Agency (BERNAMA) 47. Eastspring Investment 48. Troffee Education 49. Royal Lake Club Kuala Lumpur 50. Petrosains, The Discovery Centre 51. Sunway University 52. Monash University 53. Multimedia University 54. Projek Belia Mahir
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 54
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 83 000
NUMBER OF ADULTS REACHED DIRECTLY:
- 4 000
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 2 900 000
Throughout Global Money Week 2023 (GMW2023), FEN members and partners conducted more than 50 initiatives via physical mode and digital platforms, targeting various life stages with a focus on children, youth, teachers, university students, young adults, elderly and SMEs. The total number of outreach (direct and indirect) was about 3 million. The key initiatives conducted include financial education talks and workshops, quizzes, video competitions, lessons for teachers, social media postings to raise awareness of financial literacy as well as financial literacy board and mobile games. Among the successful activities that were implemented are webinars and seminars to educate pupils on financial management, including the types of redress that are available in the Malaysian capital market; outreach programmes focusing on the importance of planning for finances and retirement from a young age; short video content to inspire and nurture young people to be creative and innovative, raising insurance awareness against unforeseen risks and promoting the importance of financial planning; the introduction of Perfect 10 (P10) as an advanced humanised financial navigation application to calculate, simulate and generate ideas, insights and foresight spanning various segments including mortgage, retirement and assets management; a financial education board and mobile game for children and youth to learn in a fun and interactive way; social media postings and highlights on Facebook and Instagram in line with the GMW2023 theme; financial literacy workshop targeting youth, as well as quizzes conducted via Telegram channel; #MyDuitStory short video competition, an annual financial education initiative targeting the youth with various financial literacy themes. In 2023, #MyDuitStory aimed at raising awareness amongst the wider segment of youth on financial scams; Financial Literacy Programme conducted simultaneously nationwide at community colleges and polytechnics reaching out to 38,847 students; intergenerational activities with the involvement of adults and senior citizens, particularly to raise awareness of financial planning and education over life course and events, as well as planning for retirement.For GMW2023, FEN has incorporated evaluation and measurement as part of the requirement for the initiatives undertaken to assess the effectiveness of the initiatives.
2022 Malaysia Global Money Week
GMW NATIONAL COORDINATOR:
- Financial Education Network (FEN)
PARTICIPATING ORGANISATIONS:
- Bank Negara Malaysia, Financial Planning Association of Malaysia, Central Bank of Malaysia, Securities Commission Malaysia, Permodalan Nasional Berhad, Malaysia Deposit Insurance Corporation, Credit Counselling and Debt Management Agency, Employees Provident Fund, FWD Takaful Berhad, Arus Academy, Prudential Assurance Malaysia Berhad, Eastspring Investment Berhad, Securities Industry Dispute Resolution Centre, RinggitPlus, Yayasan Generasi Gemilang, 30 higher learning institutions, Luno Malaysia, Ezaz Wealth, Financial Faiz, Hi Wealth, 9 trainee teachers institutes
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 58
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 1,349
NUMBER OF ADULTS REACHED DIRECTLY:
- 27,123
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 23,500,000
Throughout Global Money Week 2022, the Financial Education Network (FEN) members and partners conducted various initiatives on digital platforms, targeting children, youth, teachers, university students and young adults. The total number of interactions achieved was about 4.8 million. The key initiatives conducted include financial education talks, quizzes, video competition, lesson demos for teachers, social media posts to raise awareness on financial education and financial literacy game. The successful activities included:
- Various webinars targeting youth and university students on financial planning, retirement planning, investing, awareness on financial fraud and scams and strategies on building wealth by creating a passive income through investing.
- A series of videos to increase awareness and engagement about “delayed gratification.” The content posts leveraged on the different scenarios from the video.
- A mini-game on social media platforms to advocate healthy spending habits and wise financial behaviours among the audience about saving and managing their expenses, cards, delayed gratification and debt management. The rules of the game reinforced the message of delayed gratification for young people, by avoiding spending and saving instead.
- Many social media posts were shared regarding the GMW2022 theme and social media contest with a theme of “Dream It, Save It, Live It” to encourage youth to share their dreams and how they plan to achieve it.
- Virtual workshop targeting youth financial literacy, as well as quizzes via Telegram channel.
- Live sessions with teachers to discuss financial education within the national curriculum. Also, masterclass sessions in three major languages conducted by the teachers who were part of the educators’ programme in 2021.
- Roundtable in a community centre targeting parents to discuss how to raise a financially literate family.
- #MyDuitStory short video competition, an annual financial education initiative targeting the youth with various financial literacy themes. In 2022, #MyDuitStory aimed to raise awareness of the importance of insurance/takaful protection for personal financial risk management.
Throughout Global Money Week 2022, the Financial Planning Association of Malaysia promoted GMW to parents. Interviews were organised with a financial planner who gave tips on how parents can teach children about the value of money.
2021 Malaysia Global Money Week
GMW NATIONAL COORDINATOR:
- Financial Education Network
PARTICIPATING ORGANISATIONS:
- Central Bank of Malaysia, Securities Commission Malaysia, Credit Counselling and Debt Management Agency, Employees Provident Fund, Ministry of Education, Ministry of Higher Education, Malaysia Deposit Insurance Corporation, Permodalan Nasional Berhad, Arus Academy and FWD Takaful, RinggitPlus, Prudential Assurance Malaysia Berhad, HSBC Bank Malaysia Berhad, Alliance Bank Malaysia Berhad, Financial Industry Collective Outreach, Visa International, National Higher Education Fund Corporation, Malaysian Financial Planning Council, 42 higher learning institutions, 242 schools, World Assembly of Youth, all WAY members, national and regional youth councils; UOB Kay Hian Wealth Advisors, Smart Investor, Majalah Labur, RHB Asset Management, Maybank Asset Management, Management and Science University (MSU), Financial Planning Association of Malaysia, AKPK, UOB Kay Hian Securities S/B, University Kebangsaan Malaysia (UKM); Griffith University, Australia; Manulife Insurance Bhd, Great Eastern Takaful Bhd.
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 453
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 20,969
NUMBER OF ADULTS REACHED DIRECTLY:
- 402,238
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 4,000,100
Throughout Global Money Week 2021, the Financial Education Network (FEN) members and partners conducted 69 initiatives mainly on digital platforms, complemented by traditional medium (i.e. TV). The total number of interactions achieved was about 3.5 million. The key projects included financial education talks, financial literacy quizzes, financial literacy video competition, edutainment videos, financial literacy lessons demo for teachers, social media postings to raise awareness on financial literacy, launch of financial literacy game and media articles. The main target segments during GMW2021 include school children, teachers, parents, university students and adults.
Creative activities were used to raise awareness on good money management. For example, MyDuitStory Short Video Competition, a collective initiative by FEN. The Central Bank of Malaysia, Ministry of Higher Education, Credit Counselling and Debt Management Agency, National Film Development Corporation Malaysia and Financial Planning Association of Malaysia came together to raise awareness on the importance of personal financial management and to inculcate good financial behaviour among the youth. This competition attracted 180 video entries by students from 39 universities. The inspiring stories depicted in the videos motivate many others to take control of their finances. Moreover, the Securities Commission Malaysia and its partners educated the public on the importance of savings and investing at an earlier stage of their life, via a webinar and a series of daily postings on InvestSmart® social media platforms throughout GMW2021. The webinar attracted great interest and active participation from the attendees. Besides, Arus Academy, a social enterprise supported by FWD Takaful conducted initiatives focusing on enhancing financial literacy of children, youth, teachers and parents. The lessons demonstration via a series of videos to guide teachers to deliver financial literacy to students covered topics such as Money & Expenses, Financial Scam, Savings & Investments, Credit & Loan, and Risk, Protection & Insurance. Other initiatives include a mobile app development competition targeting secondary school students involving risk protection needs and basic financial concepts, campaign to encourage parents to share tips on raising financially-smart families; and financial literacy quizzes following 6 edutainment videos hosted by a 10-year old.
Financial sector players and partners actively raised awareness and implemented targeted programmes during GMW. Some conducted signature financial literacy programmes to educate children and youth on smart financial habits (e.g. Prudential Assurance Malaysia Berhad and Alliance Bank Malaysia Berhad). Whilst others post relevant FE content on the digital medium and social media (e.g. the Central Bank of Malaysia’s Museum and Art Gallery, HSBC Bank Malaysia Berhad and RinggitPlus).
The World Assembly of Youth helped to distribute Global Money Week news and updates through online awareness campaigns.
During the Global Money Week 2021 celebrations, UOB Kay Hian Wealth Advisors brought together various academia, industry experts, and undergraduate students to raise awareness on the importance of financial literacy of young people and to ensure that all youth have access to high-quality financial exposure and can make smart financial decisions that can improve their future financial resilience and financial well-being. These sessions included “Managing personal finances during COVID-19” by Financial Planning Associations of Malaysia, and UOB Kay Hian Wealth Advisors Sdn Bhd, “4 myths of protection need” by UOB Kay Hian Wealth Advisors Sdn Bhd, Manulife Insurance Berhad and Great Eastern Takaful Bhd. Other topics included “Coronavirus: impact on household savings and debt” by Household Financial Education Department AKPK and UOB Kay Hian Securities (M) Sdn Bhd, followed by session on “Economic direction and investment portfolio 2021” by Maybank Islamic Asset Management, UOB Kay Hian Wealth Advisors Sdn Bhd, RHB Islamic Int. Asset Management Berhad and Majalah Labur. Also, “COVID-19: financial planning requirements” by University Kebangsaan Malaysia, UOB Kay Hian Wealth Advisors Sdn Bhd and Majalah Labur were presented. A public lecture on “COVID-19: fiscal response - risk and repercussions” by Griffith University, Australia was presented, too.
2019 Malaysia Global Money Week
LEADING ORGANISATIONS:
- Allianz Life Insurance Malaysia Berhad
- World Assembly of Youth (WAY)
PARTICIPATING ORGANISATIONS:
- 140 National Youth Councils, Persatuan Kebajikan Harapan Selesa Kuala Lumpur Dan Selangor, SK Bandar Tun Razak 2, Yayasan Chow Kit
NUMBER OF CHILDREN REACHED DIRECTLY:
- 324
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 62 000
World Assembly of Youth (WAY)
World Assembly of Youth (WAY) has participated in GMW since 2015, as they realized the necessity of raising awareness of the significance of financial education and independence of children and youth early on. Once again, WAY sought to teach young people about the importance of creating livelihoods, gaining employment, and even starting their own enterprises, via press releases and sharing ideas and tips on their social media pages.
Allianz Life Insurance Malaysia Berhad
Allianz Malaysia dedicated the entire month of March to celebrate Global Money Week. In line with this year’s theme, “Learn.Save.Earn”, the Financial Literacy Programme was conducted. During the programme, students participated in a quiz to test their financial knowledge. After the quiz, they were given lessons on the differences between needs and wants, recognizing the tools used in advertisements, and the different criteria that influence consumers’ buying habits. The Company also organised an excursion to the Bank Negara Malaysia Museum and Art Gallery. In the Museum, the children learnt how to make bank notes and toured through the Gallery’s Numismatic, Temporary, Economic and Islamic Finance sections.
2018 Malaysia Global Money Week
LEADING ORGANISATIONS:
- Allianz Life Insurance Malaysia Berhad
PARTICIPATING ORGANISATIONS:
- Bank Negara Malaysia Money Museum and Art Gallery
- Lighthouse Children Welfare Home
- Pusat Kebajikan Anak Yatim Mary
NUMBER OF CHILDREN REACHED DIRECTLY:
- 70
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 109
Allianz Life Insurance Malaysia Berhad
During the Global Money Week 2018 celebrations, Allianz Life Insurance Malaysia Berhad brought 70 children from two children's welfare organisations to Bank Negara Malaysia's Money Museum and Art Gallery, where children explored and learnt about the history of money and Malaysian financial systems in a fun and interactive way. The children enjoyed an introductory talk titled "Apa itu Wang" by Bank Negara Malaysia Museum's Assistant Curator, and participated in the "Si Kijang Puzzle Race", before going on a tour around the museum and all its six galleries. An exhibition of artwork from artists across the ASEAN region was showcased in the Art Gallery, displaying a range of art mediums and subjects. The children discovered the different types of money from across the world and their history in the Numismatic Gallery. Furthermore, they were learnt about the Malaysian history at Bank Negara's special exhibition, commemorating 60 years of Malaysian independence. The children participated in interactive games and activities and learnt how banknotes were made at the Children’s Gallery. Allianz Malaysia also encouraged the creation and planning of savings goals by giving away 70 specially designed savings rulers to the children. These rulers can help the children plan and visualize how much money they will have to save over a period to achieve their savings goals.
2017 Malaysia Global Money Week
PARTICIPATING ORGANISATIONS:
- Bank Negara Malaysia
- Melaka State Youth Council
- Multimedia University
- World Assembly of Youth
- Credit Counselling and Debit Management Agency
- Humana Child Aid Society Sabah
- Make It Right Movement
- Aflatoun
- Aflatoun
- SHELTER Home
- Yayasan Chow Kit Home
NUMBER OF CHILDREN REACHED DIRECTLY:
- 470
NUMBER OF CHILDREN REACHED INDIRECTLY:
- 10000
Primary school students ranging from the age of 9-13 years, including 40 children brought to the bank by Allianz Malaysia Berhad, visited Bank Negara Malaysia Money Museum and Art Gallery for a guided tour to learn about Malaysia’s currency and economics through interactive means. During this visit, a talk entitled “Currency Education Programme” was presented by the Currency Operation Management Department of BNM, and worksheet activities were also prepared for the students to be actively engaged during the tour. The tour was guided throughout the museum and all of its six galleries.
Beginning with the Children’s Gallery, the children enjoyed interactive games and activities and also learnt how to make banknotes. At the Bank Negara Malaysia Gallery, Islamic Finance Gallery and Economics Gallery, the children were able to witness the history of Bank Negara Malaysia and explore Islamic concepts of commerce and Malaysia’s financial systems. The children were also able to discover the history of money at the Numismatic Gallery and were treated to a special exhibition - Norma Abbas: A Colourful Journey to a Promise Exhibition at the Art Gallery. One of the highlights was the ‘Million Dollar Tunnel’ which is made of one million ringgit worth of real notes.
Furthermore, an Educational Seminar on Global Money Week 2017, organised by World Assembly of Youth in partnership with the Bank Negara Malaysia, Melaka State Youth Council, Multimedia University and Credit Counselling and Debit Management Agency, took place on 2 April 2017 at Seri Bendahara in Melaka, Malaysia. The event was an informative and free-of-charge seminar on financial education in order to give young people the tools and brainwave they need to shape their own strategy and forward-plans. The Seminar was attended by 150 young people from Malaysia, Nigeria, China and Zimbabwe.
Humana Child Aid Society Sabah (HCASS) also participated in Global Money Week for 2017 by organising an ‘Aflatoun Run’ in Lahad Datu, Sabah where HUMANA’s HQ is located on 18 March. The run was the biggest public event organised in the town of Lahad Datu. The event received excellent response despite a short organising time with students from both Humana schools and government schools taking part. The event was supported by the town council and local businesses with many donating in cash and kind towards the event. The Make It Right Movement, also participated by supporting the design of the posters, banners, bibs and certificates for the participants.
The 2017 run focused on introducing Aflatoun to the community at large, and next year promises to include more of the 5 core Aflatoun learning elements as part of the activities in the run. For 2017, various financial games were played and the students sold their handicrafts made in their Aflatoun classes on social and financial enterprises to introduce the importance of financial literacy. This ‘Aflatoun Run’ looks set to be an annual event and possibly to even go on the Sabah tourist calendar for 2018, and Humana Child Aid Society Sabah is already looking forward to it!
2016 Malaysia Money Week
PARTICIPATING ORGANISATIONS:
- Bank Negara Malaysia
- Bank Negara Malaysia - Museum, Art Gallery, and Knownledge Management Centre
- Allianz Malaysia Berhad
- World Assembly of Youth
- Lariche Community
DATE OF THE EVENT:
- 14th - 18th of March
TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:
- 23 642
TOTAL INDIRECT REACHED:
- 20 000
The Bank Negara Malaysia opened its doors to young visitors to the Money Museum during the Week where special sessions were organised in addition to their visits. The goal of the sessions was for young people not only to learn about the history of the Malaysian Ringgit, but also to instil in them the value of saving for and investing in their future. Allianz Malaysia Berhad continued its dedication to promote financial literacy education amongst young people in Malaysia throughout the Week by organising a visit to Yayasan Chow Kit home, where children ranging from 10-12 years of age sat through a "My Finance Coach" lesson on the ‘Shopping: Basic’ module. This module taught children about the difference between needs and wants, the various tools used in advertising as well as how children and youth can choose wisely between product choices. In short, the module aims to give children the basics to become wise consumers in the present and in the future. In addition to the in-class modules, participants received the chance to experience the interactive ICT-based games on the concept of "Logical Intelligence", which Allianz Malaysia believes can enable children to understand the difference between wants and needs through an online and offline mock-shopping activity while using an e-savings application.
Additionally, other partners from the Aflatoun Network, such as the Lariche Community, organised Aflatoun Club sessions on the importance of savings during Global Money Week. They have done this through their 14 partners from early childhood development schools or centers.
Furthermore, the World Assembly of Youth (WAY) collaborated with LimKokWing University to develop a campaign in one of the “hotspots” frequented by young people in Melaka, Malaysia. In this hotspot, young people were education by WAY about money management and the importance of savings. The students also received Global Money Week and Child and Youth Finance International brochures to obtain further knowledge and awareness about the Week and the Movement.
2015 Malaysia Money Week
PARTICIPANTS:
- Malaysia Ministry of Youth and Sports
- Institute for Youth Research Malaysia
- Allianz Malaysia Berhad
- Bank Negara Malaysia - Museum, Art Gallery, and Knownledge Management Centre
- World Assembly of Youth
- Lariche Community
- Humana Child Aid Society Malaysia
DATE OF THE EVENT:
- 9th - 20th of March
NUMBER OF CHILDREN REACHED:
- 3 100
Global Money was celebrated once again in Malaysia this year. In addition to Allianz Malaysia Berhad’s dedication and commetny to advancing the cause of economic citizenship of children and youth in Malaysia, the Global Money Week celebration this year further extended to other partners and to more children. Important to note,, the new partners were initiated into participating through the Child and Youth Finance International’s Regional Focus Group Meeting and Workshop Series and active support of Allianz Malaysia Berhad (Allianz4Good).
On 8 March, a day before the Global Money Week the World Assembly of Youth organised a large group meeting at the Sub Marine Museum for the youth to celebrate and stress the importance of economic citizenship, empowerment and gender equality which is in line with the International Women’s Day celebrations. The World Assembly of Youth has vouched support for the mission of Global Money Week through its National Youth Council and Organisation members in 130 countries around the globe. On14 March, the World Assembly of Youth also organised a session and an activity to distribute economic empowerment materials at the University Malaysia Pahang in Pahang State.
During Global Money Week, Allianz Malaysia, in cooperation with Bank Negara Malaysia Museum, Art Gallery, and Knowledge Management Centre, brought young Malaysians to have a visit to the money museum at the Central Bank. During this visit, the children learnt about the history of the Malaysian currency and did exercises to understand the value of money and savings. In parallel to this visit to the money museum, Allianz Malaysia also organised multiple activities teaching kids how to manage money. Allianz Malaysia has also invested in providing money management reading materials for children.
Joining first time this year, Lariche Community in partnership with Humana Malaysia conducted extensive lessons and trainings for young people in areas outside of Kuala Lumpur, such as Sabah. These sessions included introduction to the barter system, history of the money system in Malaya, making a record book of their daily savings, a mini-quiz about finance, teaching young people about saving in a bank, a drawing competition of different currencies around the world, an exhibition on different kinds of currencies around the world, and much more.
The Institute of Youth Research in collaboration with the Malaysian Ministry of Youth and Sports gave Child and Youth Finance International an opportunity to take part in its International Conference for Young Leaders to close Global Money Week in Malaysia. The conference brought together student leaders across the world to discuss the importance of balancing corporate and social goal. Importantly, this highlighted the role that is being played by initiatives such as Global Money Week and how young leaders are the key in taking the lead in creating a positive change in their communities across the world.
2014 Malaysia Money Week
PARTICIPANTS:
- Allianz Malaysia
- Bursa Malaysia
- Bank Negara Malaysia Museum, Art Gallery and Knowledge Management Centre
DATE OF THE EVENT:
- 8th - 24th of March
NUMBER OF CHILDREN REACHED:
- 1 200
Allianz Malaysia in association with Bursa Malaysia, Bank Negara Malaysia Museum and Art Gallery, Knowledge Management Centre and many other stakeholders organised wonderful activities such as: visits to the Bank Negara Malaysia Museum, experiencing the opening of the stock exchange at the Bursa Malaysia, as well as financial classes for school-aged children. The activities took place during a 16 day period from 8-24 of March.
70 children from the local SK Jalan Sungai Besi 1, together with 8 of their teachers visited the Bank Negara Malaysia Museum and Art Gallery. During their visit the participants interactively learnt about the Malay currency and economics. In this occasion, the children also learnt about the history of money and how money works through an educational talk given by representatives of the Bank Negara Malaysia Museum and Art Gallery. 4 members of the Chow Kit Foundation brought 30 children aged 7-12 years to visit the art gallery section of the Museum. The visit helped young children learn about currency and economics in an interactive way. The highlight of the visit was the ‘Million dollar tunnel’ which is built from 1 RM worth of real bank notes. During the visit the children also built their own money bank.
Allianz Malaysia raised awareness on the importance of creating savings goals and planning for them by sending out specially-designed savings planner sheets to their employees. These sheets were then shared with the children of over 1,800 employees as well as other relevant parties.
75 students from the local SM Sains Alam Shah witnessed the opening of the stock market, received an educational briefing by Bursa Malaysia’s representatives from the Investor Education division, and took an educational tour around Bursa Malaysia. The students were given a talk on the importance and benefits of investing, as well as the role of Bursa Malaysia in the capital market.
10 employees’ children of Allianz Malaysia from the Klang Valley region registered for a My Finance Coach class held over the school holiday period. During this class, the children were taught by My Finance Coach volunteers from the company about good spending habits, how to save for goals and the history of money as well as how to recognise the security features of currency notes.
During the educational visits and events volunteers took photographs of around 110 children and youth posing a bank note and a speech bubble (which they filled in with a pen) things like ‘My money tip is...’, ‘Today, I learnt that...’, ‘I am saving for...’. This encouraged youth to actively think about setting their financial goals in a fun and energetic way.
2013 Malaysia Money Week
NAME OF THE ORGANAZING ENTITY:
- Allianz Malaysia Berhad
PARTNERS:
- Africa-Asia Destitute Relief Foundation (“ADRF”)
- Bank Negara Malaysia’s (Central Bank of Malaysia)
- Money Museum and Art Gallery
- CUED Speech Centre
DATE OF THE EVENT:
- 15th – 21st of March
NUMBER OF CHILDREN REACHED:
- 200
“The hearing-impaired children were so excited about the class taught by our My Finance Coaches that we are going to roll out following classes there. Financial literacy will contribute to their independence as adults.” Allianz Malaysia
A My Finance Coach class was conducted at CUED Speech Centre, a school for hearing-impaired children. Allianz employees taught the students about needs and wants and quizzed children on different world currencies.
The activities during Global Money Week continued with an organised visit to Bank Negara Malaysia’s (Central Bank of Malaysia) Money Museum and Art Gallery for 40 of its employees’ children. The children discovered facts about money in a fun and interactive way and participated in a web conference with children from Indonesia. The children had the exciting opportunity to take pictures with a specially designed banknote with an opening where they could put their faces, thus becoming the portrait of the note.
On the 20th, Allianz Malaysia employees taught MFC classes to students of SK La Salle Brickfields 1, aged between 9 and 12. After the class, the students participated in a web conference with children from the Philippines and Brunei.
The final Global Money Week event was a financial literacy outreach programme to the public held over two days in a shopping mall in Kota Bahru, a city on the East Coast of Malaysia. About 100 children participated in a quiz about money and finances and completed a specially designed Global Money Week crossword.