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Sim Kee Boon Institute for Financial Economics

Financial literacy and resilience vital amid crisis: Gan Siow Huang

SMU and Citi Foundation organised an online financial literacy symposium on Friday (Sept 10). Speaking at the event, Minister of State for Manpower Gan Siow Huang pointed to initiatives such as the Citi Foundation-SMU financial literacy programme launched in 2012 for young adults as ways to help further the agenda to make financial knowledge more accessible and build financial resilience. SMU President Professor Lily Kong said, "In view of the pandemic, financial knowledge and skills are now more critical than ever." She added that the programme would take on more initiatives, including those involving digital literacy, to better equip young adults with such information. "Digital transformation, expedited by the pandemic, has presented myriad opportunities, such as digital learning, analytics, and fintech, that will affect and catalyse the future of work," Prof Kong said.

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