An initial allocation of RM50mil will be dedicated to the Madani Youth Financial Literacy (Celik Kewangan Belia Madani) program, announced Prime Minister Datuk Seri Anwar Ibrahim.
Speaking at the opening ceremony of Minggu Saham Amanah Malaysia (MSAM) 2024 (Malaysia Unit Trust Week), Anwar stated that RM50 will be credited to the accounts of university and vocational institution students, emphasising the importance of financial literacy for the youth.
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Speaking at the opening ceremony of Minggu Saham Amanah Malaysia (MSAM) 2024 (Malaysia Unit Trust Week), Anwar stated that RM50 will be credited to the accounts of university and vocational institution students, emphasising the importance of financial literacy for the youth.
Read more at https://tinyurl.com/mpp5uhsk
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00Please proceed.
00:04Today, PNB and ASNB are also launching a campaign called
00:12Madani's Stolen Money, Madani's Stolen Money.
00:19This is stealing, this is important.
00:22Or enlightenment.
00:24We used to say in what is called alphabetization,
00:28it is stealing from the point of view of basic education,
00:33or then cultural literacy.
00:37And now we feel that in addition to
00:40political stealing, cultural stealing,
00:44basic education stealing,
00:47there is a need for financial literacy.
00:53And this financial stealing is introduced by PNB members
01:00so that there is a commitment to invest.
01:07Not 50,000 ringgit,
01:1050,000 ringgit you have to ask your father
01:12or ask for a debt from the ASNB.
01:16But started in a realistic and practical way.
01:20It is introduced by all the IPTA
01:25and maybe expanded a little to polytechnic, vocational.
01:29Because it's not just giving early funds.
01:34Just register at the university or college,
01:37keep investing 50 ringgit.
01:40To encourage the member to add a little bit
01:43and keep it for five years, it cannot be taken out.
01:46This is called financial stealing.
01:48Financial literacy, investment.
01:52Sometimes we take it lightly.
01:56Impossible.
01:58If he puts in 50 ringgit, we can't find a way
02:01in a few months to put in 50 ringgit.
02:04So hopefully with additional savings
02:07from the basic fund,
02:10we can encourage understanding
02:15about what investment means
02:17and future guarantees.
02:20The initial fund provided by PNB
02:24and related companies
02:26is 50 million ringgit.
02:28And we hope all these children
02:32who are present,
02:34campaign a little more with friends
02:37because our target
02:39for 200,000 students a year.
02:44It can be 200,000 or 300,000.
02:46It can help the campaign.
02:48I can raise my hand.
02:50Who agrees with this program?
02:53If I ask among these children,
02:56who agrees with this program?
03:05Some of you don't agree.
03:07Why not?
03:09Why not give 50 ringgit?
03:11Okay, thank you.
03:13And I believe universities
03:18and colleges
03:21will work together
03:23to make this program easier.
03:26Sometimes we take it lightly
03:28but the implementation is sloppy.
03:31That's why when I raise
03:34the initial salary of these children,
03:37I give them a warning.
03:41Today is Friday.
03:44On Monday, if there is no DJPJ,
03:48in the hospital,
03:50in the airport,
03:52in the customs,
03:54if it's slow like before,
03:56I withdraw the fund.
04:03But I'm grateful, praise be to Allah.
04:06Because we monitor every day
04:08that there is a new attitude
04:12and culture
04:14that is better in public service.
04:16And I say congratulations
04:18and if Allah wills it, the funds will be donated.