Klang Valley School Wins the Alliance Bank Money & Math Challenge (MMC) 2012 Grand Finale

Nov. 7, 2012 - PRLog -- Students from Team SJK (C) Puay Chai (2), Petaling Jaya proved their financial savviness as they celebrate after being crowned the Champions of the Alliance Bank Money and Math Challenge (MMC) 2012 Grand Finale, sponsored by Alliance Bank Berhad in collaboration with MoneyTree Malaysia.

The Alliance Bank MMC 2012, a program endorsed by Ministry of Education (MOE) was held on 30th October 2012 at the National Science Centre, Bukit Kiara. The competition saw 19 shortlisted teams, each consisting 3 students from selected schools across 3 states: Johor, Penang and Klang Valley, battling it out against each other to clinch the “Alliance Bank MMC Grand Prize Winner” title.

Among those who attended the event were Mr Raymond Leung (Group Chief Operating Officer, Alliance Bank Berhad), Puan Normalis (Assistant Director of Keramat District Co-curricular Division, Education Department), Mr Brandon Liew (Chief Executive Officer, MoneyTree (M) Sdn Bhd), Headmasters from participating schools, teachers, parents as well as students who came to support their school teams.

Participating teams had to go through a one-day learn-through-play workshop and complete an online financial literacy quiz prior to the MMC Grand Finale. At this stage, students competed against other teams within their own school. The top scoring team from each school would then be shortlisted and advance to the finals where they would compete with the best teams from other schools at the MMC Grand Finale.

During the first elimination round of the MMC Grand Finale, the top 19 teams logged on to a financial literacy & Entrepreneurship simulation that require them to learn how to budget their resources, invest in the required infrastructures, and build their Simulation business. The Top 5 Teams who generated the highest profit and sales revenue were SK Convent (1) Bukit Nanas, Sri Kuala Lumpur School, SJK (C) Puay Chai (2), SK Bandar Baru Sri Damansara (2) and Sri Tenby Primary School. These Top 5 teams then proceeded to the “Battle of Buzzers”, in which they pitted against each other to answer questions from 3 categories: General knowledge, Financial Literacy and Mathematics. The fastest team that presses the buzzer and answers the questions correctly were awarded points, which would enable them to be one step closer to clinching the title of the MMC Grand Prize Winner.

Team SJK (C) Puay Chai (2) and Team SK Bandar Baru Sri Damansara (2) outwitted the rest and made their way to the final round, where they battled against each other in answering even more challenging questions posed by the Host.

Team SJK (C) Puay Chai (2) from Petaling Jaya emerged as the Champion of the MMC Grand Finale 2012 and walked away with the Grand Prize of RM 8,000.00. “I’m so glad that I was selected to participate in the Money & Math Challenge. I had fun throughout the Challenge and learnt how to spend my money wisely”, said Ren-Wei, from the winning team.

The Second Runner-Up walked away with RM 4,000.00 while 8 Teams won the Consolation Prize of RM 400.00 each.

The Alliance Bank Money & Math Challenge (MMC) is aimed towards developing financially savvy students. It is developed in line with Bank Negara’s School Adoption Program to promote financial education as well as to increase financial awareness amongst students in Malaysia.

For more information about the Alliance Bank Money and Math Challenge (MMC) 2012, please write to mmc@moneytree.my.

The MMC program is designed specially to educate students on mathematics and to relate its application to the topic of financial literacy. The key  to this program’s success lies in its effective teaching model – various interactive scenarios in which participants are given currencies, food points and utility points; and be put through a ‘mini economy’ in which earning, spending, saving and investing are part of the program syllabus.