Kuala Lumpur, 18 April 2012: Perbadanan Insurans Deposit Malaysia (PIDM) has reached out to over 300,000 secondary school students and 100,000 students in institutions of higher learning in Malaysia within the second year of implementing its Education Programme, known as the PIDM Project MoneySmart.
“As the national financial consumer protection authority, we strive to give the general public a solid understanding of how PIDM’s protection works for them, as part of our mandate. As such, we take a creative and innovative approach in promoting financial awareness and literacy among the younger generation, particularly students, in ways that they can relate to and understand,” said Encik Md. Khairuddin Hj. Arshad, the Chief Operating Officer of PIDM.
As part of PIDM’s Education Programme, the MoneySmart Online Game Contest 2011 was the platform used to engage wide participation of students. The MoneySmart Online Game attracted almost 8,000 participants nationwide. PIDM is awarding two desktop computers to the secondary school with the highest number of participating students according to region, namely the Central, Northern, Southern, East Coast and East Malaysia Region.
“Our survey has shown that PIDM’s Education Programme contributed towards changing the mindset of students with respect to personal financial management and inculcated a better savings behaviour among students,” said Khairuddin at a recent ceremony to present the computers to Sekolah Menengah Kebangsaan Chetok, Kelantan for having the most participants in the East Coast Region.
Khairuddin described the achievement of SMK Chetok as significant as it came from a school located in a small town outside the state capital of Kelantan. He remarked, “SMK Chetok also recorded the highest number of participants among all secondary schools in Malaysia.”
“In 2012, we will continue this programme by introducing an Interschool Thematic Project Competition, where the champion school team can win a fund of RM20,000 which the school can utilise for the educational benefit of the school and its students. We are also organising a National Poster Drawing Competition, in addition to the MoneySmart Online Game. Both contests provide opportunities for students to win attractive electronic devices,” added Khairuddin.
SMK Bangsar (Integ) in Kuala Lumpur, SMK Sultanah Bahiyah (Kedah), SMK Seri Tanjung (Melaka) and SMK Matang Jaya (Sarawak) will also receive two desktop computers each as the winning school identified for their respective regions.
The top winners of the Individual category are Tai Jia Huey, Tai Siew Yoong and Gobalan A/L Virasinggam and each of them receives a cash prize of RM3,000. The Group category’s first prize of RM6,000 was won by the team led by Tai Siew Sinn from Kuala Lumpur.
Further to the Online Game, PIDM developed and used the MoneySmart Board Game and the Bijak Wang Comic Book as learning tools for students to acquire financial knowledge in an interesting and fun way. To reach out to students, PIDM conducted on-ground activities, comprising talks in 250 secondary schools and road shows in 50 institutions of higher learning throughout Malaysia.
The full list of the MoneySmart Online Game Contest 2011 winners can be accessed on PIDM’s website (www.pidm.gov.my). All winners have been notified and arrangements are being made by PIDM to deliver the prizes to them.
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Perbadanan Insurans Deposit Malaysia (PIDM) administers the statutory Deposit Insurance System and the Takaful and Insurance Benefits Protection System (TIPS) in Malaysia.
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PIDM protects your deposits in the bank as well as your takaful and insurance benefits in the unlikely event of a failure of a member bank or a takaful operator / insurance company.