Bank Negara Malaysia and the Financial Industry Engaged the Local Community in Karnival Kewangan Terengganu

Link to the original post: http://www.bnm.gov.my/index.php?ch=en_press&pg=en_press&ac=4837&lang=en

Bank Negara Malaysia (BNM) held Karnival Kewangan Terengganu (Karnival) from 4 to 6 April 2019 in collaboration with the financial institutions at TH Hotel & Convention Centre, Kuala Terengganu. The event was the fifth in a series of the Bank’s nationwide engagements following Karnival Kewangan in Kuala Lumpur, Kota Kinabalu, Kuching and Kedah.

Themed “Your Financial Needs Matters”, the Karnival aims to raise the public’s awareness on financial products and services, financial literacy and strengthen the community’s financial management capabilities with an emphasis on preferences of the local communities.

Leading up to the Karnival, a series of roadshows entitled “Sembang Santai Bersama Rakan-Rakan Karnival Kewangan” were organised to promote the Karnival. During the roadshows, local communities of all ages were offered an array of financial services and advisories such as tips to recognise the security features of Malaysia banknote, financial management, opening of bank account, printing of CCRIS and registration of eCCRIS. The 1,200 km journey covering 11 locations in Pahang, Terengganu and Kelantan reached out to more than 3,000 people.

On 4 April 2019, the Karnival was attended by Y.A.B Dr. Ahmad Samsuri Mokhtar, Chief Minister of Terengganu. During the walkabout, he also launched the MyWakaf website and MyWakaf Payment Getaway by Association of Islamic Banking Institutions Malaysia (AIBIM).

In conjunction with the Karnival, BNM held several dialogue sessions with the local businesses, financial communities, government agencies and university students. These sessions were chaired by Assistant Governor Abu Hassan Alshari Yahaya and Assistant Governor Adnan Zaylani Mohamad Zahid. At the dialogue sessions, the businesses and local communities shared their feedback, challenges and insights affecting the socio-economic developments of the East Coast region.

Overall, Karnival Kewangan Terengganu received an overwhelming response from more than 18,000 people in the East Coast region. The Karnival brought together more than 40 financial institutions and government agencies to showcase their products and services as well as provided advisory on financial matters and access to financing. A total number of 1,800 visitors printed their CCRIS reports to check their credit status and registered for eCCRIS. The Karnival also recorded more than 16,000 advisories on financial matters and around 4,000 financial transactions valued more than RM25 million were completed.

Visitors also benefited from Pocket Talks on topics such as SME financing, Skim Cepat Kaya, effective debt management from an Islamic perspective, e-payment, insurance/takaful protection, Forum Perdana Ehwal Islam as well as sharing sessions with successful entrepreneurs such as Caprice, Yaya Kuih Bulan and Raw Denim House.

Karnival Kewangan is a collaborative effort by Bank Negara Malaysia and the financial industry and is a crucial stepping stone to promote financial literacy in Malaysia.