Showing posts with label financial. Show all posts

Goodday KidSTART | Malaysia’s Largest-Ever Kid-Preneur To Bring Their Business Ideas To Life!


In conjunction with World Children’s Day, Goodday Milk is proud to launch Goodday KidSTART, Malaysia’s largest-ever kid-preneur programme aimed at catapulting the business dreams of bright, savvy and passionate children between ages 7 and 14.

 

Whether it's through a nutritious range of products or meaningful initiatives, one of Goodday Milk’s focus has always been on bringing goodness and enriching the lives of children. In 2021, Goodday Milk initiated the "Happee PPE Campaign", which saw kids all over Malaysia design joyful new looks to the otherwise mundane-looking Personal Protective Equipment (PPE) worn by frontliners, treating their peers hospitalised with Covid-19. The winners were each awarded an RM10,000 education fund with their designs printed on 10,000 units of PPE’s.

 

This year, with Goodday KidSTART, Goodday Milk wants to continue their commitment towards the community and children by bringing goodness to them in the form of financial literacy through the path of entrepreneurship.

 

At a glance in the region, 30%* of parents start teaching their children about money at the average age of 7-10 years, with 36%* of Malaysian parents beginning as early as 5-6 years old*. While it is an encouraging number, many parents are still unsure how to approach what is considered a sensitive topic in Asian culture or where to find helpful information.

 

Additionally, surveys showed that most parents believe that someone else is teaching their children about money and finance, with 80%** assuming it is a part of the school syllabus Statistics also show that during the recent Covid-19 pandemic, 53%*** of adults admitted to being unable to support their families. The pandemic has undoubtedly shown us that sound and sensible financial understanding is needed to weather the toughest storms.

 

Another survey by the Securities Commission Malaysia**** found that Malaysian youths are generally unable to manage their finances well, with most having low financial literacy*. Many also prioritised short-term financial goals and spend beyond their means, resulting in debts. This lack of awareness highlights an ever-growing need for parents and kids to start discussing good financial habits, especially from a young age. This will ensure that children have the knowledge they need to be sustainable in the future.

 

Amy Gan, VP of Marketing, says, “At Goodday Milk, we want to equip children with the right knowledge to develop strong money habits early on as this will ensure them a financially secure future. By instilling confidence and imparting skills required to fuel a child’s entrepreneurial spirit, we are teaching our future-driven generation to understand the concept of money so they can make responsible financial decisions.

 

She added, “We urge parents all over Malaysia to encourage their child’s participation and take this opportunity to showcase their talent and potential with the hopes of becoming Malaysia’s first Goodday KidSTART kid-preneur!”

 


Submissions for the Goodday KidSTART programme are open from 21st November 2022 to 23rd December 2022, and parents are invited to send a short video of their children's pitch to Susu Gooday via Facebook direct messaging https://www.facebook.com/gooddaymilkmalaysia or GooddayMilk via Instagram's direct messaging @gooddaymilkmy

 

The video should consist of three parts;

1. An introduction

2. Their inspiration to start a business

3. The quick elevator pitch of their idea

 

Following the five-week submission period and shortlisting process, 20 finalists will advance to the next stage to attend a 2-day intensive boot camp in January 2023. Children will be mentored and taught the necessary skills and abilities to successfully pitch their ideas to a panel of judges ranging from business entrepreneurs to captains of industry.

 

Prizes worth up to RM50,000 await the winners of the Goodday KidSTART kid-preneurs to bring their business ideas to life!

 

The Goodday KidSTART kid-preneur programme runs from 21st November 2022 to 8th January 2023. For more information, visit www.facebook.com/gooddaymilkmalaysia.

 

Source:

*https://www.eastspring.com/sg/money-parenting/a-quick-look-at-how-asian-parents-teach-about-money

**https://family.org.my/articles/parenting-articles/teaching-your-kids-about-money/

***:https://www.econstor.eu/bitstream/10419/248673/1/full-5.pdf

****Securities Commision of Malaysia “Youth Capital Market Survey A Malaysian Perspective 2022”

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CSR | #ShopeeGivesBack Raised RM2.9 Million To Support Underserved Families And 40 NGOs


#ShopeeGivesBack, Shopee’s long-term community initiative, has collectively raised RM2.9 million across two years, through fundraising efforts with over 40 Non-Governmental Organisations (NGOs) to help underprivileged Malaysians in times of need.

 

#ShopeeGivesBack which launched on 1 May 2020 during the height of the COVID-19 pandemic, uses technology to help the underserved in Malaysia across four areas: underprivileged communities development, children and family services, health charities, and environmental charities. The platform provides Malaysians with an online avenue to support their favourite causes in the most convenient way. Shopee ensures that these NGOs have credible track records and are registered with the Registry of Societies.

 

RM2.1 million came through always-on platform donations as buyers shopped on a daily basis and made informed choices on which causes to donate to via the #ShopeeGivesBack dedicated microsite. 56% of donations raised through this channel went to B40 and community aid NGOs such as Pertubuhan Kasih Neelofa, Islamic Relief Malaysia, and Pusat Jagaan Nurul Jannah. 20% of the funds raised went to NGOs providing medical kits and mobile clinics during floods such as MERCY Malaysia. 14% of the donations assisted partners like UNICEF Malaysia in meeting critical needs of marginalised children and their families in Covid-19. 10% went towards environmental causes such as Zoo Negara, where the funds aid in the annual food, enrichment, and veterinary care of the animals.


 

RM800,000 was raised during special e-commerce campaigns helping targeted causes: Zoo Negara ticket sales for example raised over RM400,000 for animal welfare whereas over RM200,000 in flood relief funds (including RM100,000 matching contribution from Shopee) helped 1,300 families rebuild their lives after recent floods in Kedah, Kelantan, Selangor, Pahang, Terengganu, Johor, and Negeri Sembilan. 

 

Huiyan Pan, Head of Brand Marketing at Shopee Malaysia said, “Based on the estimates from our key community development NGOs, we would have provided food and essential supplies to over 3,000 families in dire need during the pandemic. Shopee is humbled to be able to obtain the support of our NGO partners and galvanise shoppers on our marketplace to contribute towards long-term sustainability of these communities.”

 

Pertubuhan Kasih Neelofa, Islamic Relief Malaysia, and Pusat Jagaan Nurul Jannah are #ShopeeGivesBack’s longer-term partner NGOs. These three NGOs raised nearly RM400,000 in food aid, essential needs and household products for B40 families and homes in Kuala Lumpur, Selangor, Perak, Kedah, Sabah and Sarawak.

 


“Pertubuhan Kasih Neelofa was moved by the kindness of Malaysians to aid the underprivileged communities that have been affected by various unfortunate circumstances. The #ShopeeGivesBack program has provided a platform for generous donors to pledge their support, and we are grateful for the trust Malaysians placed in us to give back to the needy,” said Noor Neelofa Mohd Noor, Founder of Pertubuhan Kasih Neelofa.

 

For more information, please refer to the #ShopeeGivesBack microsite here: https://shopee.com.my/m/ShopeeGivesBack


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HLB Pocket Connect Help In Raising Money Savvy Kids with Digital Banking Technology From Young Age


Financial literacy and education has long been a challenging proposition and perhaps even a difficult topic to broach for many Malaysians. The Malaysian Insolvency Department reported a startling data that youth bankruptcy - involving those aged below 35 - made up 25.2% of bankruptcy cases from 2017 to 2019 in the country. This shows an urgent need to make financial literacy and education a key life skill to be taught to all Malaysians.

 


Especially in this crucial difficult time, money management in saving and spending also play important role for a family and kids. As a mom, mouse mommy also encourages my boys MR and MH save their money for future planning. When they request to purchase an item, mouse mommy will ask is that necessary and for what purpose. If the reason is valid, mouse mommy will allow my kids to make the purchase.  

 


Just like charity begins at home, forming a life-long healthy relationship with money should begin at home, as early as possible. In the age of everything digital, parents can now leverage on digital tools to help them educate and engage their digital native children effectively to be financially-conscious and responsible.

 

Speaking at Hong Leong Bank and Hong Leong Islamic Bank’s (“HLB” or the “Bank”) webinar entitled ‘Raising DuitSmart Kids in a Digital Age’, Zalman Zainal, Chief Marketing and Communication Officer of HLB said, “We understand the challenges in teaching our children the lifelong skill and habit to be financially savvy. Just like how we teach our children to read, write or count, it needs to start from young and be cultivated throughout their lives. We can do it at home leveraging digital financial and banking tools such as the HLB Pocket Connect, the first mobile banking platform for young savers in Malaysia.”

 

HLB Pocket Connect is an interactive and personalised banking platform built for digital natives who are well acquainted with and demand hyper-personalisation, real-time gratification and highly interactive content and experiences. Available to all HLB 3-in-1 Junior Account holders, it has three proprietary features namely Earn, Save and Spend, which enable children to learn to be financially responsible under the watchful eyes of their parents, who are able to guide, manage and monitor their children’s pocket money and savings.

 

Under the Earn feature, parents can set tasks or goals and reward their children with extra pocket money when they complete them. Not only does this teach children the value of hard work and earned money, it also gives them sense of achievement when they are able to meet their goals.

 

As the account comes with reloadable Junior Debit Card for children to Spend, parents can have peace of mind knowing that they can monitor and control their children’s pocket-money spending. Not only can they top-up the pocket money through seamless transfer from their HLB Connect, they can set spending limits, control where and what their children can spend on as well as monitor real-time spending of their children.


 

Parents can also block or freeze the Junior Debit Card instantly if they suspect any fraudulent or improper spend, all done through their HLB Connect. To inculcate a savings habit, HLB Pocket Connect will soon have a customizable Save feature which allows children to set their savings goals for things that they want and allowing them to track their savings through progress reports.

 

“We have developed HLB Pocket Connect to be simple, seamless and fun for both parents and their children to go through the journey of responsible money management in an open and transparent way. We hope this will empower our young savers to make better life and financial choices as well as build a healthy relationship and appreciation for money for their own sustainable future”, added Zalman.

 

The webinar hosted by Sheahnee Iman Lee, mother-of-three, featured guests who shared their diverse experiences as parents, educators and young entrepreneurs. Among the opinions shared, all panelists agreed on one thing - financial literacy has to be taught early. This is so children can form life-long healthy relationships with money, which will enable them to make better life decisions down the road.

 


Kyle Tan, co-founder of Little Tauke, a startup that provides financial literacy education for children explains, “As young as two years old, children begin to grasp basic financial concepts starting with barter through trading things with you. They are also quick to pick up your spending patterns. My 2-year-old used to play with the ringgit notes in my wallet, but after a while he started playing with credit cards instead. Teaching your children about money as early as possible is about giving them a head start and time to practice their financial abilities before they become adults. Hence, we always encourage parents to be intentional and open about finances at home. This will help your children build consistent habits and attitudes to save and spend wisely, which is a great advantage they will carry throughout their lifetime”

 

Lolitta Suffian, who uses HLB Pocket Connect with her two children aged 12 and 9 shared the most important money lesson she teaches her kids is that you have to earn it by setting goals and working towards them. She also explained this is the same lesson her parents imparted to her.

 

“As parents, we are the most influential people in our children’s lives as, they observe and learn from all that we do.  I practice a rewards system with my children where they earn money from good grades, chores, good behaviour and deeds. We review this every Sunday using the HLB Pocket Connect app, and I transfer the amounts they earned to their accounts. The app helps my children understand the amount they have earned and how to be wise in spending it. Building on that understanding, they are able to inculcate smarter money management at a young age.”

 

Claudia Tan, 23-year-old co-founder of Revive Vintage Store and a successful young entrepreneur shared that her father instilled the idea of saving money and seizing opportunities to make money work for you when she was young. “My father always encouraged me to save 20% of my ang pow money or any income rather than spend or splurge it all.  He also taught me to always look for financial opportunities to make my money grow, be it parking it in a Fixed Deposit or other banking options. I am grateful he instilled these good money habits and financial management in me from a young age. Over time, I learnt that saving is part of me investing in myself and my future. Today, it has allowed me to pursue my passions in writing and sustainable fashion, which helps diversify my income sources”, said Tan.

 

Another successful young entrepreneur Chai Chuan Fook, CEO of Newave Products Sdn. Bhd., on the other hand, learnt the value of money as a primary school boy through his mini enterprise venture. He obtained rare toys from the capsule vending machines found at convenience stores and sold them to classmates who were unable to visit those stores. “From this venture, I learnt that money can grow with good planning and relying on the right financial experts. This is a lesson I have carried forward through to adulthood and his businesses”, explained Chai. He also highly encourages parents to teach their children the importance planning your finances and its value from a young age.

 


HLB has made it very easy to open a bank account. Parents interested to open a 3-in-1 Junior Account can conveniently do so by vising the Bank’s official store on Shopee ( https://shp.ee/98kciye ) anytime, anywhere. Upon “purchasing” the account, a HLB representative will be in touch and come to the customer, assisting with the account opening process without the customer needing to visit any physical branches.

 

For a recap of the webinar, watch the full video : https://www.facebook.com/HLBMalaysia/videos/735735070446514

 

To find out more about HLB Pocket Connect,

Website : www.hlb.com.my/pocket

Facebook : https://www.facebook.com/HLBMalaysia/

Instagram : https://www.instagram.com/hongleongbankmy/

Official HLB Shopee : https://shp.ee/98kciye 

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Join Yoodo Ambassadors And Get Rewarded Now


Yoodo
– Malaysia’s fully customisable and 100% digital mobile service - is celebrating the launch of their special Ambassadors program and they want you to be there! Check out more via https://www.yoodo.com.my/ambassadors/

 

Join Chow Tuck Mun, Head of Yoodo, for a virtual meet and mingle session with the Yoodo team. Exclusive Yoodo merchandize and catch a special stand-up performance by comedian Gajen Nad.  

 


Yoodo is Malaysia’s first truly customisable and 100% digital mobile service provider that gives users full control to customise their mobile plan in terms of data, voice minutes and SMS to suit their needs, with zero hidden charges or commitments.

 


Yoodo also offers exciting product offerings, features and add-ons that empowers users to live their desired lifestyles in gaming, travel, entertainment and more. 

 

Wanting to reward users for their loyal support, Yoodo Rewards was introduced to give back to the users for every purchase. Check out via https://www.yoodo.com.my/ambassadors/

 


More recently, Yoodo introduced an unlimited data plan, that allows users to #BuatUnlimitedSendiri and customize their own Unlimited plan.

 

Subscribers to this plan can customize data speed, hotspot quota, voice minutes and SMS. As part of the package, Unlimited subscribers will also receive free voice minutes and free hotspot quota. 

 

Yoodo offers two recommended options: Unlimited Atas, offering 6Mbps data speed for RM43 a month, and Unlimited Bajet, which provides 3Mbps data speed for only RM35 per month.


 

With Yoodo Unlimited, users can personalize every aspect of their plan with greater flexibility. Choose your plan! 

 

Check out more info about Yoodo,

Website : https://www.yoodo.com.my/

Facebook : https://www.facebook.com/yoodoMY/

Instagram : https://www.instagram.com/yoodomy/ 


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