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Malaysians Must Improve Financial Literacy

Oct 01, 2024

Malaysians need to do more to educate themselves about financial literacy, especially younger people.  

According to the Finance Ministry, an international survey found that only 36% Malaysians understand basic financial concepts such as interest rates and inflation.   

This, as figures from AKPK revealed that 53,000 M’sians under the age of 30 have a combined debt of RM1.9 billion.  

The ministry said this was due to the easy availability of things like credit cards, personal loans and 'buy now, pay later' schemes. 

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The operator of a primary school canteen in Ipoh could be taken to court over a recent mass food poisoning case.  

The Perak state government says if there is sufficient evidence, the operator will be charged for hygiene violations. 

If convicted, they could face a fine and up to 5 years in prison.  

Earlier reports said around a hundred pupils fell sick, allegedly due to contaminated chicken and chocolate drinks. 

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The Universiti Malaysia Sabah student who went viral for using a gunny sack to bring her stuff to her dorm insists she did it for practical reasons, and not due to financial hardship.  

The 19-year-old says the uni only allowed her to bring two pieces of luggage, and she had to carry a lot of personal items.  

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Thai authorities have confirmed the deaths of 22 students and three teachers, after a school bus crashed and caught fire in the outskirts of Bangkok.  

19 other passengers were rescued and were taken to hospital for treatment.