Malaysia’s Student Loan Company PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Malaysia’s Student Loan Company PDF full book. Access full book title Malaysia’s Student Loan Company by Wan Saiful Wan Jan. Download full books in PDF and EPUB format.
Author: Wan Saiful Wan Jan
Publisher: ISEAS-Yusof Ishak Institute
ISBN: 9814881686
Category : Education
Languages : en
Pages : 41
Get Book Here
Book Description
The Malaysian National Higher Education Fund Corporation (PTPTN) was set up in 1997. Since then, it has accumulated a massive debt amounting to RM40 billion in principal plus RM13 billion in interest. All these are guaranteed by the Malaysian government. It is now the biggest provider of student loans in the country and continues to play a very important role in catalysing socio-economic mobility, especially among the ethnic Malays which is the majority community in the country. However, the business model employed by PTPTN is irrational and unsustainable. It borrows from the financial market at, on average, 4 to 5 per cent, and lends to students at 1 per cent. No serious effort has been made to revamp this model, and all public discussions around it have been driven by political populism. The biggest challenge is the low repayment rate. This problem has been ignored because Malaysian politicians of all colours have wanted to maintain popularity. Collecting debt is certainly not popular. PTPTN, under a new leadership since mid-2018, gathered and developed ideas on how to reform their organization. These ideas have been presented to various levels of government, including to the Cabinet in early 2020. PTPTN must be reformed to avoid its debt from inflating further. Whether the Malaysian government has the much-needed political will to push through the reforms is a question yet to be answered.
Author: Wan Saiful Wan Jan
Publisher: ISEAS-Yusof Ishak Institute
ISBN: 9814881686
Category : Education
Languages : en
Pages : 41
Get Book Here
Book Description
The Malaysian National Higher Education Fund Corporation (PTPTN) was set up in 1997. Since then, it has accumulated a massive debt amounting to RM40 billion in principal plus RM13 billion in interest. All these are guaranteed by the Malaysian government. It is now the biggest provider of student loans in the country and continues to play a very important role in catalysing socio-economic mobility, especially among the ethnic Malays which is the majority community in the country. However, the business model employed by PTPTN is irrational and unsustainable. It borrows from the financial market at, on average, 4 to 5 per cent, and lends to students at 1 per cent. No serious effort has been made to revamp this model, and all public discussions around it have been driven by political populism. The biggest challenge is the low repayment rate. This problem has been ignored because Malaysian politicians of all colours have wanted to maintain popularity. Collecting debt is certainly not popular. PTPTN, under a new leadership since mid-2018, gathered and developed ideas on how to reform their organization. These ideas have been presented to various levels of government, including to the Cabinet in early 2020. PTPTN must be reformed to avoid its debt from inflating further. Whether the Malaysian government has the much-needed political will to push through the reforms is a question yet to be answered.
Author: Rajah Rasiah
Publisher: Springer Nature
ISBN: 9811670455
Category : Social Science
Languages : en
Pages : 373
Get Book Here
Book Description
This book presents the future development of Malaysia. It puts together building blocks to achieve a better future. These blocks are poverty and income inequality, population, demography and urbanization, growth and technological progress, education, human capital and skills, finance, labor, the environment, and health care. It examines the reasons for the decline in the agricultural sector with an emphasis on food security. It discusses Malaysia’s economic growth and structural change compared to some of the Northeast East Asian and Southeast Asian countries. It explains the projections of population and demographic change and its bearing on government policies. It evaluates the country’s education sector and discusses the strategies to improve its role in the country further. It argues for replacing ethnic-based approaches with a needs-based system for the future direction to build a plural Malaysia. This insightful book is of interest across several fields, including demography, economic development, and urbanization.
Author: Rajendran Nagappan
Publisher: Taylor & Francis
ISBN: 1000788660
Category : Education
Languages : en
Pages : 178
Get Book Here
Book Description
This edited volume provides a comprehensive overview and discussion of the issues surrounding the Malaysian Indian community’s educational development. Malaysian Indian citizens who make up seven per cent of the population have their own set of strengths and weaknesses, while facing deep-seated socio-economic challenges. Education is seen as an enabler which could significantly facilitate social and economic upward mobility, as shown in policies and practices implemented under the New Economic Policy, many of which have unfortunately bypassed the Indian Community. This book explores and assesses the various aspects of the education endeavour of Malaysian Indians, including primary, secondary, post-secondary and tertiary education. Related challenges include urban poverty, school dropouts, dysfunctional families and other socio-economic issues. It reconsiders educational equity policies and practices in place while proposing new initiatives which could support and chart a way forward for the development of Malaysian Indians. Importantly, the publication addresses the roles of the government, private sector and civil society to help elevate the educational achievements of the Indian Community. The book will appeal to students and academics in the faculties of social science and comparative education, development economics and sociology, with a focus on access and equity in education. Proposals for change would be of interest to policy-makers and managers of educational and non-governmental organisations in plural societies.
Author: Azmil Tayeb
Publisher: Taylor & Francis
ISBN: 1000905292
Category : Social Science
Languages : en
Pages : 284
Get Book Here
Book Description
This book focuses on education and power in Southeast Asia and analyzes the ways in which education has been instrumentalized by state, non-state, and private actors across this diverse region. The book looks at how countries in Southeast Asia respond to the endogenous and exogenous influences in shaping their education systems. Chapters observe and study the interplay between education and power in Southeast Asia, which offers varying political, social, cultural, religious, and economic diversities. The political systems in Southeast Asia range from near consolidated democracy in Indonesia to illiberal democracy in Singapore and Thailand to the communist regime in Laos to absolute monarchy in Brunei. Structured in three parts, (i) centralization and decentralization, (ii) privatization and marketization, and (iii) equity and justice, these themes are discussed in single-country and/or multi-country studies in the Southeast Asian region. Bringing together scholars from and focused on Southeast Asia, this book fills a gap in the literature on education in Southeast Asia.
Author: Chin Tong Liew
Publisher: World Scientific
ISBN: 9811290571
Category : Business & Economics
Languages : en
Pages : 389
Get Book Here
Book Description
The Malaysian economy is at a crossroads amid global and regional shifts in geopolitics. Malaysia is in a prime position to benefit from the renewed appetite for investment into the region. If Malaysia gets its priorities right, this could be the beginning of the country's next economic takeoff.An updated collection of Chin Tong's writings on economics, society and governance over the years, this book provides policy suggestions to catapult Malaysia's development to the league of high-income nations amid ongoing geopolitical trends. Central to his thesis is the need for Malaysia to create a middle-class society, in which the economic structure supports the creation of dignified jobs with decent pay for all Malaysians.Chin Tong is no stranger to the centrality of jobs in the pursuit of a good life, having grown up selling lottery tickets alongside his mother and waiting tables as a teenager to make ends meet for his working-class family. His eventual experience as a Member of Parliament for over a decade and a Deputy Minister in two different administrations further confirmed his beliefs that good jobs are the crucial missing component in Malaysia's growth engine.In this book, Chin Tong takes us on a whirlwind tour of Malaysia's socio-economic history, what went wrong after the first growth miracle of 1988-1997 and how to make things right this time around. Ultimately, the book tells the story of how to fulfil Chin Tong's undying wish for a Malaysia where everyone has a chance to live a good life with a good job under a responsible and kind state.
Author: United States. Bureau of International Commerce
Publisher:
ISBN:
Category : Commerce
Languages : en
Pages : 854
Get Book Here
Book Description
Author: Sanchita Basu Das
Publisher: Flipside Digital Content Company Inc.
ISBN: 9814519634
Category : Political Science
Languages : en
Pages : 397
Get Book Here
Book Description
Since 1957, Malaysia's economic development has been an account of growth, transformation, and of structural change. More than 75 per cent of its gross domestic product (GDP) comes from the manufacturing and services sectors. However, Malaysia is stuck in a middle-income trap and is facing challenges on the economic and political front. In June 2010, Prime Minister Najib Razak unveiled the 10th Malaysian Plan (2011-15) to chart the development of Malaysia from a middle- to high-income nation. This publication represents a policy-oriented stocktake and evaluation by academics, policymakers, and business people on Malaysia's achievements, present work-in-progress endeavours, and some of the future challenges facing the nation in its pursuit to achieve a developed high-income country status.
Author: Jomo Kwame Sundaram
Publisher: World Scientific
ISBN: 9814571563
Category : Business & Economics
Languages : en
Pages : 215
Get Book Here
Book Description
Malaysia has grown and changed a great deal since it was formed on 16 September 1963. It was then seen as an unlikely nation hastily put together as a federation of British controlled territories in the region. Brunei's refusal to join at the eleventh hour and Singapore's secession before its second birthday only seemed to confirm such doubts.Yet, it has not only survived, but even thrived, often cited as a developing country worthy of emulation. Ruled by the same ruling coalition since the mid-1950s, it has been tempting to emphasize continuities, and there certainly have been many.Looking back at its last half century, this volume first considers changes in development policy in response to national as well as international developments. The remaining three parts consider how public policy has been influenced by and has, in turn, influenced economic distribution, public finance and economic federalism.Besides the familiar focus on ethnic disparities, regional and other distribution issues are considered. The discussion of government taxation as well as spending also focuses on distribution implications. Although constitutionally a federation, Malaysia has been more centralized than most federal states.The way forward requires greater sensitivity to the complex political economy of Malaysia's unlikely, but nonetheless resilient federation and ruling coalition.This book is published and distributed worldwide by World Scientific Publishing Co Pte Ltd except Malaysia.
Author: United States. Department of the Treasury
Publisher:
ISBN:
Category : Loans, American
Languages : en
Pages : 762
Get Book Here
Book Description
Author: Khaliq Ahmad
Publisher: Routledge
ISBN: 1000520471
Category : Business & Economics
Languages : en
Pages : 154
Get Book Here
Book Description
This book draws on a range of theoretical foundations, approaches and management practices that are culturally and jurisdictionally appropriate in several Muslim countries. As such, it contributes to an emerging specialism in comparative management and leadership theory that is oriented toward a broader and more diverse set of perspectives, particularly from the non-Western world, given that the importance of values, ethics, and culture have recently been recognized as a key contributing factor to management knowledge development. The author offers an in-depth overview of the Islamic management strategies that have successfully been implemented in selected Malaysian banking and non-banking financial institutions and then outlines how the application of such strategies leads to increased integrity, efficiency and performance. The book is divided into three parts. The first part deals with the introduction, historical background and methods used in collection of data. The second part consists of a range of real-world case studies, while part three deals with the approaches to be used in the teaching of these cases followed by conclusions and recommendations. These cases studies map the strategic aspects of organizational structure and illustrate the motives that influence Malaysian managers’ choices in seeking specific responses to the situations at hand, which are in harmony with the traditions in Islamic inquiry. As such, management scholars can build a foundation for conceptual and theoretical propositions relevant to Muslim culture and environment that will have practical significance. The book provides a wealth of information and enables researchers not only to identify the determinants of knowledge structure and its context but also the evolution of practice.
