Industry Insights

PTPTN Launches BMS 2023 to Encourage Savings Culture


Bulan Menabung Simpan SSPN (BMS) 2023 was launched yesterday on October 1 by the National Higher Education Fund Corporation (PTPTN).

The PTPTN chairman, Datuk Norliza Abdul Rahim, said BMS is its annual signature programme, implemented since 2018 with the aim to improve savings practices and also to promote Simpan SSPN as a product of choice.

“Since Simpan SSPN’s inception 19 years ago, deposits have increased yearly. As of Aug 31, the total amount of Simpan SSPN deposits was a total of RM15.81 billion involving 6.04 million accounts, and this proves that Simpan SSPN continues to be excellent as the best savings product in the country,” she said in her speech at the launching ceremony of BMS 2023 yesterday.

“PTPTN is targeting RM220 million deposits in Simpan SSPN this year. I am optimistic that BMS 2023 will receive an encouraging response from the community in Malaysia,” she said.

During a ceremony attended by officials such as deputy secretary Datuk Dr. Megat Sany Megat Ahmad Supian and PTPTN CEO Ahmad Dasuki Abdul Majid, PTPTN expressed its commitment to promoting a savings culture as outlined in the PTPTN Strategic Plan 2021-2025. This initiative aims to shift the community’s mindset from borrowing to saving, preventing future university graduates from suffering excessive debt.

Cash prizes of RM2,023 were awarded to winners of the WOW Syoknya Raya campaign, B. Machap and Mohd Yazeed Othman, as well as the ‘Action Song’ Simpan SSPN 2023 winner from Sekolah Kebangsaan (SK) Desa Petaling.

Winning participants like Machap and Mohd Yazeed emphasized the importance of saving for their children’s education, highlighting Simpan SSPN Plus as a valuable tool for this purpose.

Fathimah Nurhanisah Zailani, a teacher at SK Desa Petaling, praised Simpan SSPN 2023 as an excellent platform to instill a savings culture in children.

“Previously, they didn’t have any exposure to Simpan SSPN, so with the ‘Action Song’ competition, the children began asking about Simpan SSPN,” she said.

This event, known as BMS 2023 and launched on World Savings Day (October 31), had the theme ‘Robotik: Ke Arah Transformasi Dunia Pendigitalan’ with the tagline ‘Jom Jadi Superhero Anak Anda.’ BMS 2023 featured a road tour across 14 states in selected locations nationwide for the first time.

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