PETALING JAYA: Financial literacy is vital for young people to better manage their financial resources, say experts. Associated Chinese Chamber of Commerce and Industry Malaysia socio-economic research centre executive director Lee Heng Guie (pic) said: “Financial literacy allows individuals to better understand and maximise their financial resources. To impart greater awareness on the subject, the Malaysian Financial Planning Council (MFPC) will be organising a virtual financial literacy programme in an effort to help youths acquire basic knowledge on financial management. Meanwhile, Financial Planning Association of Malaysia Financial Literacy Year 2020 organising chairman Nicholas Chu Chee Khiang opined that young people today do not have financial literacy due to their background and the country’s macro-economic situation. “This has become a challenge for today’s youth in terms of their financial management, ” Chu added.

Source: The Star August 21, 2020 21:33 UTC