Malaysia

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.