Malaysians’ financial literacy surpasses global average, but 61pc still lack emergency savings, says BNM deputy governor

Bank Negara Malaysia Bnm News

Malaysians’ financial literacy surpasses global average, but 61pc still lack emergency savings, says BNM deputy governor
Financial LiteracyMalaysiansAdnan Zaylani Mohamad Zahid
  • 📰 malaymail
  • ⏱ Reading Time:
  • 34 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 86%

KUCHING, Nov 17 — The financial knowledge of Malaysians has significantly improved since 2016 and is approaching the level of developed countries, however, there are still three...

Sheung Wan Noodle House in Damansara Utama is the newest spot for great Hong Kong-style beef noodles, 'wantan' noodles and Shunde speciality fish curds

“Based on the OECD study for 2023, the financial literacy level of Malaysians has risen significantly, surpassing the global average and approaching the level of other developed countries. He pointed out that poor financial management remains a concerning issue, with the survey revealing that one in four Malaysians feels their debt is burdensome, while wide access to financial services such as having a deposit account does not translate into meaningful saving habits and usage.

“As a result, great emphasis has been placed on raising awareness and providing information and support services regarding these three issues throughout this carnival,” he added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

malaymail /  🏆 1. in MY

Financial Literacy Malaysians Adnan Zaylani Mohamad Zahid Emergency Savings Savings Debt Digital Finance Scams

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rizab antarabangsa BNM berjumlah AS$119.6 bilionRizab antarabangsa BNM berjumlah AS$119.6 bilionPETALING JAYA: Rizab antarabangsa Bank Negara Malaysia (BNM) berjumlah AS$119.6 bilion pada 15 Oktober 2024 berbanding AS$119.7 bilion pada 30 September 2024.
Read more »

BNM maintains OPR at 3%BNM maintains OPR at 3%BNM’s Monetary Policy Committee has decided to maintain the Overnight Policy Rate (OPR) at 3 percent today
Read more »

BNM: Malaysia's Asean chairmanship to boost regional takaful, re-takaful collaborationBNM: Malaysia's Asean chairmanship to boost regional takaful, re-takaful collaborationPUTRAJAYA: Graft investigators have searched the house of FashionValet founders Datin Vivy Yusof and Datuk Fadzaruddin Shah Anuar and frozen several of their accounts with RM1.1mil in funds.
Read more »

Takaful industry set for strong growth as economic momentum picks up: BNM deputy governorTakaful industry set for strong growth as economic momentum picks up: BNM deputy governorKUALA LUMPUR: The takaful industry is primed for significant growth with the economic momentum continuing to strengthen, said Deputy Bank Negara Malay...
Read more »

TikTok beri jaminan jalin kerjasama dengan MCMC, BNM tangani buli siber dan ancaman scamTikTok beri jaminan jalin kerjasama dengan MCMC, BNM tangani buli siber dan ancaman scamLIMA (Peru): Platform media sosial TikTok memberi jaminan akan melihat permasalahan seperti buli siber dan ancaman scam selain menjalinkan kerjasama d...
Read more »

TikTok gives assurance to cooperate with MCMC, BNM to address cyberbullying, scamsTikTok gives assurance to cooperate with MCMC, BNM to address cyberbullying, scamsLIMA (Peru): The social media platform, TikTok has given assurance that it will forge cooperation with the Ministry of Communications, the Malaysian C...
Read more »



Render Time: 2025-02-14 19:03:57