KUALA LUMPUR: All Universiti Teknologi MARA (UiTM) campuses will be given autonomy status to ensure a more effective governance, announced Prime Minister Datuk Seri Najib Tun Razak.
“The autonomous status will allow the transfer of power or delegation of authorities to the rector. When the number of students reach over 200,000, there should be a governance structure.
“Keep UiTM in the current form but give more power to the rectors who handle every campus,” he said when launching the 1 Billion Education Fund (TP1B) organised by UiTM Alumni Association Malaysia here, last night.
Najib said the concept of autonomy was most appropriate to keep UiTM as a sacred Bumiputera institution.
Despite the autonomy, he would not compromise or change UiTM’s existing concept to retain its original structure.
On TP1B, the Prime Minister said its establishment made UiTM the pioneer in the endowment culture in the country.
“Although Malaysia is a country that provides the highest allocation for education, it cannot be considered as sustainable.
“We have to find another source, including from endowment and this is the role of TP1B,” he added.
Earlier in PETALING JAYA, Najib said Malaysia is on track to achieving a balanced budget and become an advanced economy by 2020. He said the country’s economic fundamentals remained strong despite the challenges that it faced.
Speaking when launching Bloomberg TV Malaysia at Kota Damansara, Najib said Malaysia’s achievement was recognised by international bodies such as the World Bank and the International Monetary Fund which ranked Malaysia near the top of the tables for competitiveness and ease of doing business.
Bloomberg last year also listed Malaysia as the third best emerging market in the world, Najib said in an impromptu speech. — Bernama