SIM University And Singapore Exchange Join Hands To Increase Financial Literacy

On 20 February 2014, SIM University (UniSIM) and Singapore Exchange (SGX) signed a memorandum of understanding (MOU) sealing a partnership to develop and provide investor education to members of the public. This initiative is also part of UniSIM’s ongoing Continuing Education and Training (CET) programme to make university-level education accessible, particularly for working adults wishing to better themselves in work-related competencies.

The ceremony was graced by Ms Sim Ann, Minister of State, Ministry of Communications and Information & Ministry of Education, who witnessed the signing together with Professor Cheong Hee Kiat, President of UniSIM.

This collaboration will see UniSIM and SGX jointly develop the content of financial and investment-related CET courses. Some courses will be aligned to UniSIM's academic requirements and will carry academic credits which count towards a UniSIM degree. These courses are targeted at members of the public but are open to current UniSIM students in non-finance related programmes. Besides CET courses, UniSIM and SGX will organise seminars, workshops and other activities to increase the general public’s financial literacy.  Over 3,000 members of the public and students are expected to benefit from seminars and courses delivered under this collaboration.

Professor Tsui Kai Chong, Provost of UniSIM, said: "We are delighted to work with SGX to assist individuals to strengthen their financial health through financial literacy. This MOU is another milestone in our vision to empowering society through lifelong education." 

Mr Chew Sutat, Executive Vice President of SGX, said: "We are excited to partner UniSIM, an institution dedicated to lifelong learning. As more working adults seek to improve themselves by acquiring degrees and higher qualifications, it is also important they enhance their financial management skills. These programmes from UniSIM and SGX will help Singaporeans to better manage their retirement planning through regular investing."

_{Professor Tsui Kai Chong (front, left) and Mr Chew Sutat exchanging the MOUs after signing them, 
with Professor Cheong Hee Kiat and Ms Sim Ann looking on.}