Malaysia Literacy in Financial Education Association


PRESS RELEASE

MyLIFE to Elevate Financial Literacy, Starting with the Millennials

The Inaugural Malaysia Financial Literacy Conference 2019 


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). Founding Chairman of MyLIFE Association, Amy Seok said the initiative began when they realised that many Malaysians, including young people and underprivileged groups are struggling with financial issues.


“We believe that education is the most powerful weapon that can be used to change the world, hence MyLIFE’s motto is financial literacy for all,” said Amy. 


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. 


Founding Chairman of MyLIFE Association, Amy Seok hopes that there will be more universities in Malaysia that will adopt the uLearnMONEY platform in the future.


“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. 

Malaysia Financial Literacy Conference (MFLC) 2019
Malaysia Financial Literacy Conference (MFLC) 2019

PRESS RELEASE

MyLIFE Takes Initiative To Deliver Financial Education To All, Starting With The Millennials

 The Inaugural Malaysia Financial Literacy Conference 2019 


 

KUALA LUMPUR, 7 October 2019 - According to the Standard & Poor Global Financial Literacy Survey, Malaysians have a financial literacy rate of only 36%; well below that of developed countries at 59%. The needs to equip Malaysians with the knowledge to make informed financial decisions and to nurture healthy attitudes in financial management become more pivotal as the Government launched the National Strategy for Financial Literacy 2019-2023.


In line with the Government’s effort, Malaysia Literacy in Financial Education Association (MyLIFE) is taking initiative to improve financial literacy among Malaysians by hosting its First Malaysia Financial Literacy Conference (MFLC) on 30th October 2019, at the Bestari Lecture Hall, Universiti Kuala Lumpur (UniKL) which will be officiated by the Minister of Education, Yang Berhormat Dr. Maszlee Malik as the Honorable Guest.


Jointly organised by MyLIFE Association, Money Compass Media and uLearnMoney, the one-day conference takes the theme “Financial Literacy for Millennials” that aims to gather the relevant stakeholders from the private and public sectors in discussing solutions to elevate financial literacy among millennials.


Through this conference, the association hopes to transpire its vision to create a new Malaysia where citizens can make an informed judgement and take effective decisions regarding the use and management of money. 


“The MyLIFE initiative began when we realised many Malaysians, including young people and underprivileged groups are struggling with financial issues. We believe that education is the most powerful weapon used to change the world, hence MyLIFE’s mission is financial literacy for all,” said Amy Seok, the Founding Chairman of MyLIFE Association & CEO of Money Compass Media.


With regards to the conference, 50 selected universities will be receiving a sponsorship subsidy of up to 90% for the uLearnMoney online financial literacy programme by the financial institutions and corporate sponsors. Recognition Merit Awards will also be honored to 15 financial educators who have contributed to uplift the financial literacy among Malaysians.


For those who are interested to participate in the conference, kindly contact the event manager of MFLC, Ms Chanel Pong at conference.mylife@gmail.com or call 012-336 1881. 

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Launching Video of MyLIFE & uLearnMoney