KUALA LUMPUR, 30 October 2019 – Aiming to create a new Malaysia where citizens can make an informed judgement and take effective decisions regarding the use and management of money, Malaysia Literacy in Financial Education (MyLIFE) Association organized its first Malaysia Financial Literacy Conference (MFLC) 2019 to share and provoke conversations on raising financial literacy among millennials.
Jointly organized by the MyLIFE Association, Money Compass Media and uLearnMONEY, the conference was officiated by the Director of Academic Excellence of Higher Education Ministry Malaysia, Yang Berusaha Prof. Madya Dr. Wan Zuhainis binti Saad who represented the Minister of Education, Yang Berhormat Dr. Maszlee Malik at the University of Kuala Lumpur (UniKL).
Over 20 experts from the financial industry and youth development programmes participated in the conference that carried the theme “Financial Literacy for Millennials”. Joining the conversation were panellists from GAX MD Sdn Bhd, Securities Industry Development Corporation (SIDC), Quest MasteryAsia Group and others. One of the conference topics was “Digital Investment – Start Investing for Your Tomorrow” presented by the CEO & Managing Director of GAX MD Sdn Bhd, Ronnie Tan, who was also one of the event sponsors.
In conjunction with the conference, uLearnMONEY, an online financial literacy platform was also launched at the national level. The online financial literacy platform was designed to provide financial education for millennials and assist them to respond to immediate financial challenges, questions and doubts.
On behalf of the Minister of Education, Prof. Madya Dr. Wan Zuhainis said that the launch of uLearnMONEY may help to widely promote financial literacy as the platform comprises features that provide the latest information and tips pertaining to financial management, as well as enable students to engage with financial experts through live webinar and online mentoring.
More than 16 university partners that have adopted the online financial literacy platform also received a sponsorship subsidy of up to 90% for the uLearnMONEY online financial literacy programme.
Among the university partners are including Universiti Putra Malaysia, Universiti Sains Islam Malaysia, UNITEN, Geomatika University College, International University of Malaya-Wales, Perdana University, Asia e University, Linton University College, Infrastructure University Kuala Lumpur (IUKL), HELP University, Tunku Abdul Rahman University College, Manipal International University, Universiti Tunku Abdul Rahman, Putra Business School, Vision College, University of Kuala Lumpur and Multimedia University.
“uLearnMONEY is a credible and conducive online learning platform that provides financial education, which has been structured to cater to the needs of all levels of students and the mass public. We believe that through the collaboration with more universities in Malaysia, the chances to improve financial literacy among the millennials will be higher,” Amy said.