In 2018, it was stated by the then Bank Negara Malaysia (BNM) Assistant Governor, Nazrul Hisyam Mohd Noh, that 47 percent of Malaysian youth have high credit card debt. Most of the bankruptcy cases were primarily due to the inability to sustain debt made of installment purchases, personal loans, and credit card debt. This is alarming because it reflects that the level of financial literacy among young Malaysians on the ground is still lacking. (source: NST)

As such, UOB would like to take the opportunity to share with the undergrads the importance of self-financial management and planning, to better prepare them when they enter the workforce. UOB provided a 3-hour programme with the following agenda:

Introduction: Lack of financial literacy, Current real issues

Topic 1: Inflation

Topic 2: Smart buying habits and understanding of credit card

Topic 3: Saving and spending plan

Topic 4: Assets and liabilities

Topic 5: Financial Scam and Mule Account Awareness

Topic 6: Career talk from UOB Bank

Closing: Kahoot! Challenge

We would like to express our gratitude to Pn. Nurul Asyikin Binti Zakaria (Assistant Vice President) from UOB Personal Financial Services, En.Ahmad Faizal bin Abd Rahim (Vice President) from Islamic Banking and En. Amir Alfatakh bin Yusof (Senior Vice President) from Islamic banking. Thank you so much for sharing the valuable knowledge with our students!