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MyLIFE Takes Initiative To Deliver Financial Education To All, Starting With The Millennials

The Inaugural Malaysia Financial Literacy Conference 2019

Press Release: KUALA LUMPUR, 7 October 2019 - According to the Standard & Poor Global Financial Literacy Survey, Malaysians have a financial literacy rate of only 36%; well below that of developed countries at 59%. The needs to equip Malaysians with the knowledge to make informed financial decisions and to nurture healthy attitudes in financial management become more pivotal as the Government launched the National Strategy for Financial Literacy 2019-2023.

In line with the Government’s effort, Malaysia Literacy in Financial Education Association (MyLIFE) is taking initiative to improve financial literacy among Malaysians by hosting its First Malaysia Financial Literacy Conference (MFLC) on 30th October 2019, at the Bestari Lecture Hall, Universiti Kuala Lumpur (UniKL) which will be officiated by the Minister of Education, Yang Berhormat Dr. Maszlee Malik as the Honorable Guest.

Jointly organised by MyLIFE Association, Money Compass Media and uLearnMoney, the one-day conference takes the theme “Financial Literacy for Millennials” that aims to gather the relevant stakeholders from the private and public sectors in discussing solutions to elevate financial literacy among millennials.

Through this conference, the association hopes to transpire its vision to create a new Malaysia where citizens can make an informed judgement and take effective decisions regarding the use and management of money.

“The MyLIFE initiative began when we realised many Malaysians, including young people and underprivileged groups are struggling with financial issues. We believe that education is the most powerful weapon used to change the world, hence MyLIFE’s mission is financial literacy for all,” said Amy Seok, the Founding Chairman of MyLIFE Association & CEO of Money Compass Media.

First row from right: Honorary Advisor of MyLIFE, Datuk Seri Azman Ujang, Founding Chairman of MyLIFE, Amy Seok, Vice Chairman of MyLIFE, Dr. Kris See, Honorary Advisor of MyLIFE, Steve Teoh and the committee members of MyLIFE

With regards to the conference, 50 selected universities will be receiving a sponsorship subsidy of up to 90% for the uLearnMoney online financial literacy programme by the financial institutions and corporate sponsors. Recognition Merit Awards will also be honored to 15 financial educators who have contributed to uplift the financial literacy among Malaysians.

For those who are interested to participate in the conference, kindly contact the event manager of MFLC, Ms Chanel Pong at or call 012-336 1881.

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