PENANG – Affin Hwang Asset Management Berhad (“Affin Hwang AM” or the “Company”) through its Penang-branch, held a media briefing today to kick off its collaboration with Penang State Government on Financial Literacy for Teens via an edutainment corporate social responsibility workshop called “Beyond the Classroom Wall”, which positions Affin Hwang AM as an industry leader that is committed to raise awareness and improve financial literacy in Malaysia.
Financial literacy is a core life skill that is needed at all life’s stages. It is becoming more and more essential in today’s highly complex financial markets, not just for adults and investors. With so many young Malaysians experiencing significant financial stress and deep in debt, Affin Hwang AM sees the importance of reaching into community at secondary school and early college in promoting financial literacy as it could make them aware of the financial decisions that they make that early can impact later on their financial well-being.
“Financial education is a long-term process and it must be taught as early as possible to allow the children to acquire the knowledge and skills to build responsible financial behaviour throughout each stage of their education,” said Jayce Loh, Head of Regional Business of Affin Hwang AM.
Beyond the Classroom Wall is a three-hour workshop designed specifically to provide teens aged 12 to 17 years, a foundation in basic money management. It aims to build positive personal finance habits. The workshop involves four-role playing scenarios in life – career building, wealth accumulation, pre-retirement and retirement.
In this workshop, the teens will explore their attitudes towards money and gain valuable knowledge on the basics of financial planning, such as budgeting, expenses, savings, investing, debt, insurance and retirement Jayce added, “The parents must also realise that the children will eventually need to take charge of their own financial future and therefore we believe that the best way to get them ready for real world is to expose them to it. Our workshop will help the teens to get ready for life after secondary school.”
“Affin Hwang AM is grateful to receive full support from the Penang State Government on this initiative, and looking forward to a continued fruitful collaboration. We also hope that in the future, we are able to work with other States on similar programme to strengthen and improve Malaysians’ financial literacy,” said Jayce.
Also present at the media briefing was Yang Berhormat Encik Zairil Khir Johari, Member of Parliament for Bukit Bendera, who is also an Executive Director of Penang Institute.
Beyond the Classroom Wall workshop will be held on 2-4 December 2016, from 9am to 6pm at Penang Institute, Jalan Brown, 10350 Georgetown. It is a complimentary workshop and open to all School Students, aged 12 to 17 years old. If you are interested to join the workshop or register your child, please contact Affin Hwang AM at +604-899 9022 or firstname.lastname@example.org before 28 November 2016. Space is limited.
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