The main focus of this year's National Savings Day is to foster the practice of prudent financial management and savings among students from an early age.

This was said by the Acting Managing Director of Autoriti Monetari Brunei Darussalam (AMBD), Dayang Hajah Nurliati binti Haji Mohd Idris, in her welcoming remarks at an event to launch the National Savings Day 2016 held at the Perpindahan Lambak Kanan Primary School yesterday.

The guest of honour, who also launched the event, was Yang Berhormat Pehin Orang Kaya Indera Pahlawan Dato Seri Setia Awang Haji Suyoi bin Haji Osman, the Minister of Education, who is also the Deputy Chairman of AMBD Board of Directors.

Hajah Nurliati added that the first National Savings Day was declared by His Royal Highness Prince Haji Al-Muhtadee Billah ibni His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah, the Crown Prince and Senior Minister at the Prime Minister's Office (PMO), on May 28, 2015 as Chairman of AMBD.

The theme for this year's National Savings Day - 'Financially Literate Generation' - describes the goal towards creating a generation that can be prudent of their finances and inculcating the practice of saving.

The theme also supports the goal of 'Vision 2035', especially in improving the quality of life of the people of Brunei.

AMBD also plays a role in the efforts to protect and preserve the financial prosperity of the people such as through implementing a number of rules to prevent the habit of collecting excessive debt.

"The attitude of saving can be promoted if it is used and accompanied by the practice of planned and prudent spending at a young age. Insya Allah, it can lead to financial wellbeing," Hajah Nurliati added.

Therefore, initiatives such as this will promote financial management and prudent spending, improve the financial literacy and awareness of financial products and services offered in Brunei Darussalam and awareness on the attitudes of spending within their means, especially in an increasingly challenging world economic environment.

During the month of May, a number of programmes and activities including roadshows to several schools in the four districts, a financial funfair at Jerudong Park and a financial planning seminar will be held.

The AMBD and the Ministry of Education (MoE) organised the Global Money Week 2016 on March 2016, 'with the same purpose.

Hajah Nurliati hopes that the ongoing initiatives towards cultivating the habit of saving will produce results that can be utilised to improve knowledge of financial management in all levels of society in the country and thus foster a financially literate generation.

Autoriti Monetari Brunei Darussalam (AMBD) in collaboration with the Ministry of Education (MoE) and the Employees Trust Fund (TAP) and related agencies participated in the event.

The minister later toured all the booths put up by AMBD, TAP and participating financial institutions, where they showcased various interactive financial management game activities especially designed for primary school students.

Also present were the Deputy Minister of Education Pengiran Dato Paduka Haji Bahrom bin Pengiran Haji Bahar, Syariah High Court Judge Dato Seri Setia Haji Metussin bin Haji Baki, members of AMBD Board of Directors, permanent secretaries, senior government officers, chief executives of financial institutions in the country, teachers and students of selected primary schools.

AMBD in collaboration with the Ministry of Education (MoE) and TAP will continue its roadshows in all four districts on May 9 in Temburong, on May 11 in Brunei-Muara, on May16 in Belait and on May 18 in Tutong.

Other events planned in conjunction with National Savings Day include the Financial Planners' Day organised by the Centre for Islamic Banking Finance and Management (CIBFM), AMBD's training arm, on May 26, followed by the Financial Planners' showcase on May 28.

Source:
@BRUDIRECT.COM

by BruDirect.com

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