The Brunei Malay Teachers Association (PGGMB) yesterday launched a five-year savings project for 961 students from four PGGMB schools in the effort to instil a savings culture from an early age.
The schools involved are PGGMB School, Tunas Jaya School (STJ) Lambak, STJ Madang and STJ Kuala Belait. The project themed ‘Savings for the future’ was launched by PGGMB Financial Secretary Dr Haji Mahali bin Haji Momin.
STJ PGGMB Lambak Headmaster Haji Roslan bin Md Hassan said, “Let’s participate in this project to save for our future. Many have known the benefits of savings, although it needs high commitment and discipline.”
He also conveyed his gratitude to PGGMB for upgrading the STJ PGGMB Lambak to become a lively and neat environment for students.
“Insya Allah, the whole school will work hard to build on the reputation of the school to become a high achieving school and to build trust of the community on the school,” he added.
Meanwhile, PGGMB Secretary General Haji Awang Abdul Alim bin Haji Awang Othman noted the project aims to produce children who have a bright future and are financially independent, and promote financial management awareness among the students.
He hopes parents will guide their children to save monies either by helping them open bank accounts or through telling them stories on the benefits of savings.
The students were provided coin banks which they started using from April 6. They will be opened on November 11.