Brunei starts financial literacy initiative

Reading Time: 1 minute

FinanceBrunei will launch a programme to improve financial literacy for people all over ASEAN, the Prime Minister’s Office announced at the 17th ASEAN Finance Ministers’ Meeting on April 4.

The sultanate will also host the ASEAN Conference of Financial Literacy this year, in line with Brunei’s ASEAN chairmanship in 2013.

The aim is to “provide a platform for dialogue and exchange of experiences, best practices and better understanding on promoting financial literacy effectively in the region,” the statement said.

The initiative itself  aspires to enhance the ability of ASEAN people  to better manage their finances and see the need for financial education from the very basic foundations – personal and household.

Furthermore, the initiative aims to promote and facilitate the development of young entrepreneurs in the region, keeping in mind the fact that financial literacy is the basic ingredient for business and investment.

At the institutional level, the minister said they also want to improve their financial capabilities by the facilitation of proper financial management for both the public and private sectors to contribute to a more vibrant financial system in the region.

Brunei  has already implemented rigid initiatives since 2006 with the incorporation of trust funds in some financial institutions, the roll out of financial planning programmes to improve financial literacy of public and private sectors’ employees as well as absorbing financial literacy education in its education curriculum.

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Brunei will launch a programme to improve financial literacy for people all over ASEAN, the Prime Minister’s Office announced at the 17th ASEAN Finance Ministers’ Meeting on April 4. The sultanate will also host the ASEAN Conference of Financial Literacy this year, in line with Brunei’s ASEAN chairmanship in 2013. The aim is to "provide a platform for dialogue and exchange of experiences, best practices and better understanding on promoting financial literacy effectively in the region,” the statement said. The initiative itself  aspires to enhance the ability of ASEAN people  to better manage their finances and see the need for...

Reading Time: 1 minute

FinanceBrunei will launch a programme to improve financial literacy for people all over ASEAN, the Prime Minister’s Office announced at the 17th ASEAN Finance Ministers’ Meeting on April 4.

The sultanate will also host the ASEAN Conference of Financial Literacy this year, in line with Brunei’s ASEAN chairmanship in 2013.

The aim is to “provide a platform for dialogue and exchange of experiences, best practices and better understanding on promoting financial literacy effectively in the region,” the statement said.

The initiative itself  aspires to enhance the ability of ASEAN people  to better manage their finances and see the need for financial education from the very basic foundations – personal and household.

Furthermore, the initiative aims to promote and facilitate the development of young entrepreneurs in the region, keeping in mind the fact that financial literacy is the basic ingredient for business and investment.

At the institutional level, the minister said they also want to improve their financial capabilities by the facilitation of proper financial management for both the public and private sectors to contribute to a more vibrant financial system in the region.

Brunei  has already implemented rigid initiatives since 2006 with the incorporation of trust funds in some financial institutions, the roll out of financial planning programmes to improve financial literacy of public and private sectors’ employees as well as absorbing financial literacy education in its education curriculum.

 

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid