Experts said this is timely, with recent green shoots being threatened by the dark clouds of Dubai’s debt crisis.
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MoneySENSE plans to set up financial literacy institute
Channel NewsAsia
SINGAPORE: More financial education will be available for Singaporeans soon. National financial education programme MoneySENSE plans to partner a university or polytechnic to jointly set up a financial literacy institute.
The Monetary Authority of Singapore (MAS) said at the Mind Your Money seminar on Saturday that even though there are many financial education programmes now, more needs to be done.
Heng Swee Keat, managing director of MAS, said: "Building on the work of MoneySENSE, the institute will identify core financial literacy competencies at each stage of our life and develop and conduct programmes that enable us to learn those skills."
Experts said this is timely, with recent green shoots being threatened by the dark clouds of Dubai’s debt crisis.
Shockwaves emerged in global markets after the Dubai government’s investment firm Dubai World asked on Wednesday for a half—year delay in repaying a major portion of its US$80 billion debt.
However, experts said more time is needed to assess the real extent of the damage.
---------
MoneySENSE plans to set up financial literacy institute
Channel NewsAsia
SINGAPORE: More financial education will be available for Singaporeans soon. National financial education programme MoneySENSE plans to partner a university or polytechnic to jointly set up a financial literacy institute.
The Monetary Authority of Singapore (MAS) said at the Mind Your Money seminar on Saturday that even though there are many financial education programmes now, more needs to be done.
Heng Swee Keat, managing director of MAS, said: "Building on the work of MoneySENSE, the institute will identify core financial literacy competencies at each stage of our life and develop and conduct programmes that enable us to learn those skills."
Experts said this is timely, with recent green shoots being threatened by the dark clouds of Dubai’s debt crisis.
Shockwaves emerged in global markets after the Dubai government’s investment firm Dubai World asked on Wednesday for a half—year delay in repaying a major portion of its US$80 billion debt.
However, experts said more time is needed to assess the real extent of the damage.
