FLY Challenge 2020

24 Oct 2020

  • FLY Race format was adapted to an E-Challenge due to COVID-19
    FLY Race format was adapted to an E-Challenge due to COVID-19

This year marks the 10th year anniversary of the Financial Literacy for Youths (FLY) Race/Challenge, an annual nationwide inter-secondary school competition organised by Republic Polytechnic’s (RP) Common Business Programme. The event aims to cultivate the spirit of learning financial literacy through a series of fun and exciting activities. 

FLY Race adapted its format to an E-Challenge due to restrictions caused by COVID-19. The online challenge was conducted across two rounds between September and October, with 183 participants from 15 different schools. 

The challenge created an opportunity for participants to discover the challenges faced by our local hawkers, and provided the youths an avenue to devise practical strategies to help these businesses in areas related to financial literacy and entrepreneurship. This is in support of Singapore’s nomination to inscribe the hawker culture onto UNESCO Representative List of Intangible Culture Heritage of Humanity. 

RP’s industry partners, Coffee Break at Amoy Street and the Inland Revenue Authority of Singapore (IRAS) were also actively involved in the event—with the former used as a business case in the final challenge, and IRAS for its sharing on the role of tax. 

The final challenge took place on 24 October, and the owner of Coffee Break at Amoy Street, Ms. Faye Sai, was the Guest-of-Honour. She shared her experiences and invaluable insights as a third-generation hawker business owner in her opening address. 

Eight teams presented their financially savvy ideas and practices during the final challenge, before the event was rounded up by Mr. Sim Choon Hou, Director, School of Management and Communication.