National Services Trainees Complete Their Personal Financial Management Programme


Embargo : For immediate release


16 August 2007


Jabatan Latihan Khidmat Negara (JLKN) today officially closed the first series of Personal Financial Management Programme in a ceremony held at Kem PLKN Sri Impian, Sg Bakap, Pulau Pinang. The closing ceremony was officiated by Encik Abdul Hadi Awang Kechil, Director General of JLKN and Encik Mohamed Akwal Sultan, Chief Executive Officer of AKPK.


Personal Financial Management Programme was initiated by Agensi Kaunseling Dan Pengurusan Kredit (AKPK), an agency set up Bank Negara Malaysia. AKPK was established to provide education and counselling to individuals on financial and debt management. All its services are provided free of charge. AKPK's mission is to "Make Prudent Financial Management a Way of Life for all Malaysians" with the main objective to ensure all Malaysians are resilient and prudent in managing their finances.


"The Personal Financial Management Programme to National Service Trainees is one of AKPK's effort under its Financial Education Programme initiated to ensure that Malaysians continue to be prudent in their spending and are financially savvy. The programme's objective is to provide the trainees with basic knowledge and skills on personal financial management. This include understanding their sources of incomes, better appreciation of money, to create a sense of responsibility towards their parents, as well as to help the trainees to budget and manage their spending by making smart financial choices". said Mohamed Akwal Sultan, Chief Executive Officer AKPK "The briefing sessions were conducted by experienced AKPK counsellors with a module that was specially developed for the young participants". added Mohamed Akwal. This collaborative programme between National Service Department and AKPK has been very successful based on the positive feedback received from the trainees. "We are pleased with the cooperation given by JLKN and the overall progress of the briefing sessions. It's our view that Financial Education should start very early in life and by having this programme, it will help prepare trainees for the responsibilities, opportunities and experiences they will come across in life, so that they can respond well to those challenges and cope with adversity of managing money and debt problems well". said Mohamed Akwal.


The module was developed by AKPK. It is based on the various aspect of basic financial management such as:-


  • Managing Personal Expenses
  • The Importance of Savings
  • Appreciating Value of Money
  • Personal Financial Budgeting Technics and Preparing a Budget
  • The various sources of funds
  • Basic Banking information

“The first phase of the Personal Financial Management Programme has reached out to over 13,585 trainees under the Group 3, Series 4, involving 65 NS camps in Peninsular Malaysia. It started in July and ended on 16 August 2007 at Kem Sri Impian, Sg Bakap, Pulau Pinang.


"The program has run smoothly at all our camps and trainees have gained additional knowledge in basic financial management. JLKN is impressed with the services offered by AKPK and we will continue with the Personal Financial Management for the other National Service batch." added Encik Abdul Hadi Awang Kechil, Director General of JLKN.