The Tempinis diaries

April 27, 2008

Something good to report about Higher Education in Malaysia

Filed under: Uncategorized — toru @ 1:45 pm

For once, it is great to have something positive to write about.  It is heartening to note that Khazanah is making a generous donation to University of Malaya to endow a chair.  Hopefully, University of Malaya will make a colour blind appointment and get a world class professor like Danny Quah from LSE or Woo Wing Thye from University of California.


Funds for new chair

KHAZANAH Nasional has given RM30mil to fund a chair at the newly-established Malaysian Centre of Regulatory Studies at Universiti Malaya (UM).

Higher Education Minister Datuk Seri Mohamed Khaled Nordin, who announced this at the official launch of the centre on April 21, said the new centre would help to reduce the lack of trained personnel in the regulatory field.

“There is a need for the establishment of a centre of excellence for law and economics to enhance the regulatory environment as the 1997 Asian financial crisis showed the importance of having a sound regulatory framework to achieve greater economic stability,” he said.

Mohamed Khaled added that there were currently about 100 centres of excellence in local public universities. However, only a handful, he said, had achieved world recognition.

Mohamed Khaled (third from left) witnessing the exchanging of documents between Rafiah (left) and Khazanah Nasional board member, Tan Sri Md Nor Yusof. Looking on is UM board chairman Tan Sri Arshad Ayub (second from left). — Bernama pic

“We are currently identifying which of these centres can be upgraded to become national centres of excellence,” he said.

The RM30mil endowment is part of Khazanah Nasional’s Human Capital Development Agenda and the Managing Regulatory Environment initiative of the Government Linked Company (GLC) Transformation programme.

The chair’s primary function is to establish, develop and lead interdisciplinary research programmes and postgraduate teaching of international quality in regulatory studies.

UM vice-chancellor Datuk Rafiah Salim said that only the income from the RM30mil endowment would be used to fund the chair’s activities.

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