FINCO launches initiative for unemployed grads

THE Financial Industry Collective Outreach (FINCO) has launched the Graduate Programme 2000 (GP 2000) to provide training and work experience for up to 2,000 unemployed graduates beginning in July.

FINCO is a collaboration among more than 120 banks, insurance and takaful companies in Malaysia.

In a statement, chairman Tan Sri Azman Hashim said the GP 2000 initiative aims to support Professional Training and Education for Growing Entrepreneurs (PROTÉGÉ), an existing programme under the Ministry of Entrepreneurship and Cooperative Development.

“The financial industry is doing all it can to assist those affected by Covid-19.

“However, we must also look to the future and so, whilst continuing with current initiatives, GP 2000 will have a longer-term goal which is to mitigate some of the impact of the economic downturn which will no doubt exacerbate the problems already faced by unemployed graduates in launching their careers,” he said.

The GP 2000 initiative is designed to leverage on the modules offered by PROTÉGÉ (previously known as Skim Latihan 1Malaysia) which, since 2011, has successfully trained more than 50,000 graduates.

With several financial institutions already preparing to open up hundreds of work placements, the eight- to 12-month GP 2000 programme aims to place more graduates in financial institutions and equip them with the necessary skills, knowledge and working experience to enhance their employability and entrepreneurship capability. — April 3, 2020, Bernama

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