PERMODALAN Nasional Bhd (PNB) wrapped up another successful investment quiz competition, with its inaugural general category as well as the secondary school category receiving encouraging response.
PNB president and group chief executive Jalil Rasheed said this was the first year the general category was introduced for the financial literacy programme, to expand its reach among the public.
“There was a total of 29,007 participants from secondary schools, with the students’ entries coordinated and sent in by their teachers.
“The teachers’ readiness to help their students shows the determination of educators to cultivate Malaysians who are financially savvy.
“This is important because financial knowledge and planning must be taught to youths so that when they start working life, they will be smart in managing their finances, ” he said, adding that introducing financial literacy in the school curriculum would benefit students.
Jalil said many Malaysians still lacked knowledge in financial matters, especially in regard to their personal financial management.
“This investment quiz is one of the financial literacy programmes organised as PNB’s corporate social responsibility aimed at developing a society that is investment-savvy, which is in line with the Govern-ment’s vision, ” he said in his speech.
Jali added that PNB’s investment quiz competition, which has been held annually since 2001, received enthusiastic participation in the uniformed bodies category every year.
“This is a positive development for PNB to reach those who contribute greatly to the country’s growth.”
The finals for the uniformed bodies and the higher education institution categories were done live in Puchong, Selangor, with 13 and five finalists, respectively.
Forestry Department emerged champions in the uniformed bodies category while the Armed Forces placed second and Immigration Department came in third.
Forestry participants Nor Ayu Mohamad and Nurul Firdaus Juhan said this was the first time the department had won the investment quiz.
“We were very determined to win and make our department proud so we worked really hard, ” said Nurul.
“We did a lot of exercises on calculations and brushed up on our investment knowledge.
“Both of us only had basic knowledge of investment before this quiz.”
Nurul said her team strategised their approach to the competition –one took on the calculations while the other focused on remembering the facts.
She added that the quiz made them more aware of investment and financial management which would help them after their retirement.
Meanwhile, Universiti Tunku Abdul Rahman (UTAR) came out tops in the higher education institution category, followed by Universiti Sains Islam Malaysia (Usim) in second while Institut Pendidikan Guru (IPG) Tun Hussein Onn campus in Johor finished third.
UTAR students Andy Teo Wei Ming and Tan Wei Jia were both shocked and happy at their victory.
“We study actuarial science and finance so we were quite interested to participate in the quiz when we saw our lecturer’s post so we decided to team up, ” said Teo.
He added that through this competition, his teammate and him learned a lot about investment and Amanah Saham Nasional Bhd (ASNB) products.
The finalists competed in teams of two, answering three rounds of investment-related questions as their friends and colleagues in the audience cheered them on.
The champions in both categories received RM12,000 in the form of ASNB unit trust.
Second and third place winners got RM8,000 and RM5,000 in ASNB unit trust respectively.
The competition had four categories – the general category open to Malaysians above 18, the secondary school category open to students from Form One to Five, the higher education institution category and the uniformed bodies category.
A total of 79,072 people participated in the competition this year.
Winners from all four categories received their prizes after the finals.