The PFF Scholarship 2020 is an initiative by the Penang government to aid outstanding and deserving Malaysian youths to pursue tertiary studies in public and private universities in Malaysia.
Chief Minister Chow Kon Yeow said the PFF fund, which is in its sixth year, aims to help the state achieve the objectives of attracting, building and retaining human talent.
“With the ongoing global Covid-19 pandemic financially affecting many Malaysian households, the PFF scholarship programme becomes a critical platform that ensures our scholars are not denied educational opportunities during this challenging time.
“At the same time, the state will continue to work hard in ensuring that our state economy remains resilient in the face of the new normal due to this pandemic.
“Based on the approved investment report for 2019 by the Malaysian Investment Development Authority (Mida), Penang recorded the highest amount of Foreign Direct Investment (FDI) in the country.
“This is for the manufacturing sector which is RM15bil.
“The total amount of approved investment (domestic and foreign) in the manufacturing sector for the state is RM16.9bil involving 166 projects.
“These two figures, to date, are Penang’s highest achievement in our state’s history.
“This is a proven testament of foreign investors’ high confidence towards the investment ecosystem which Penang offers.
“By materialising the 2019 approved manufacturing investments of RM16.9bil, it is estimated by Mida that 18,886 new job opportunities will be created in Penang.
“While Penang has no natural resources, we have a skilled workforce and talents which are often envied and a great pull factor for investors,” he said.
He also said the availability of a stable and skilled workforce was a key criterion in attracting capital investments.
“Investors are attracted to locations that have a suitably skilled talent pool.
“PFF’s scholarship awards and workforce development initiatives are part of the state’s efforts to foster a sustainable and conducive eco-system that will attract high- quality, strategic investments.
“This is in line with the state’s industrial development goals,” he added.
Chow said that since its inception five years ago, PFF had disbursed scholarships to more than 500 scholars.
“Some 170 PFF scholars who have graduated from their respective universities have also successfully secured employment with companies of their choice in Penang,” he added.
In the PFF Scholarship 2020, Chow said prospective students may apply to be either a PFF Penang Scholar or PFF Mutiara Scholar.
“Interested candidates are advised to check the eligibility requirements for each category.
“Both categories have different eligibility criteria based on, among others, candidates’ financial background and scholastic record.
“PFF Penang Scholar caters to those with CGPA of 3.67 and above whereas PFF Mutiara Scholar is available for applicants whose CGPA is between 3.00 and 3.66.
“Successful applicants will receive benefits that correspond with the scholarship awarded to them,” he said in a statement on Saturday.
For further information on benefits and terms of the scholarship, the public may visit PFF website at www.penangfuturefoundation.my
The application for PFF Scholarship 2020 will open from June 1 to June 22.
Interested applicants are encouraged to keep a lookout for periodic announcements through www. penangfuturefoundation.my, Buletin Mutiara’s distributed free copies and its social media websites at Facebook and Twitter.
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