KUALA LUMPUR: An estimated one million National Higher Education Fund Corporation (PTPTN) borrowers could land better jobs and experience a higher standard of living, thanks to an agreement between PTPTN and the private sector.
PTPTN chairman Wan Saiful Wan Jan said the corporation signed a memorandum of understanding aimed at boosting employability and quality of employment of loan borrowers, which in turn would increase loan repayment performance.
“The MoU, which is the first of its kind, was signed as part of PTPTN’s effort to help our clients upgrade their jobs and land better ones.
“We estimate that one million PTPTN borrowers would benefit from this signing, ” he said.
Better jobs would mean loan borrowers and defaulters would be able to service their PTPTN loan consistently, he said.
“We know that many of our borrowers want to be responsible for the loan they took, but may not have a job that brings in sufficient income to do so, ” he said, adding that PTPTN remained committed to lightening the burden of the youth.
Wan Saiful also called on more private companies to join the initiative.
“The MoU signed today is a framework on collaboration between PTPTN and companies. The actual process and steps will be announced when we start to implement the plan, ” he told reporters after attending the National Economic Forum at the Kuala Lumpur Convention Centre yesterday.
PTPTN signed the MoU with the National Chamber of Commerce and Industry of Malaysia (NCCIM), Department of Labour Peninsular Malaysia and Jobstreet Malaysia.
NCCIM treasurer Don Nazwin Don Najib said through the MoU, the agency would do its best to disseminate information and share vacancies with its 650,000 members.
“This way, a strong database can be built to aid our members fill in vacancies immediately, ” he said.