KEPALA BATAS – The Education Ministry (MOE) and Higher Education Ministry (MOHE) can play roles in giving early exposure on financial literacy to students and university students from an early stage.
Prime Minister Datuk Seri Anwar Ibrahim said his office will be discussing with both ministries so that a campaign on the practices of saving and stock investment can be further expanded via educational institutions.
“Maybe selected teachers could be given training so that the awareness could be passed down.
Teachers and teaching staff could be given responsibilities to trickle knowledge to the students.
“I urge Penang students, teachers and community to benefit from the Malaysian Unit Trust Week (MSAM) 2023,” he said when opening MSAM 2023, here today.
He said the public’s knowledge of stock investment is relatively weak in the country, where many individuals invest based on sentiment rather than the abilities of a company, but this is not much different from other countries.
“I read a report in London a few years ago that was quite surprising because the level of knowledge there was also low among the population.
“Financial literacy is important and we can’t make the assumption that a person saves and invests in the stock market automatically has the latest information,” he added.
Therefore, he said the exposure needs to start at the school level so that they invest with confidence in the company’s integrity and good record.
Anwar also reminded companies, especially those related to the interests of Bumiputeras, not to deviate from the original goal of saving Bumiputeras, against the priority of recording profits.
He also reminded companies based on Bumiputera interests not to take the easy way out by selling assets to save the company. – October 1, 2023