Posts Tagged ‘Funds’

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breakdown of PTPN loan defaulters

May 30th, 2009
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From MP for Kapar’s site:

Amaun pinjaman yang sepatutnya dibayar balik oleh peminjam kepada PTPTN adalah sebanyak RM 2.12 billion yang melibatkan 597,066 peminjam. Daripada jumlah tersebut, sebanyak RM1.02 billion telah berjaya dikutip manakala baki yang tertunggak adalah sebanyak RM1.09 billion. Daripada jumlah baki tertunggak tersebut, sebanyak RM 798.07 Juta (73.2%) adalah terdiri dari peminjam kaum Melayu, RM 174.05 (16.0 %) dari peminjam kaum Cina, RM 51.0 juta (4.7%) dari peminjam kaum India dan RM 67.3 (6.2%) terdiri daripada peminjam lain-lain kaum.

hmm…any comments? For me, I was thinking that “lain-lain” should have been the highest borrowers (assuming we are refering to East Malaysians). Maybe most of them paid back in time, thus not reflected in the defaulters statistics.

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redevelopment programme for tamil schools?

May 26th, 2009
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I never heard of any Government “redevelopment progamme”, let alone the second phase of it. As far as I know, there’s two stimulus packages in the last 7 months. Is that the same thing? Total allocation for “rebuilding” and “repairing” Tamil schools is RM130 million (30+50+80). The 60 (or 62  as mentioned below) schools are under the RM80 million package.

Redevelopment = rebuilding and/or repairing?

I’m totally lost here, so hopefully some of the MIC fellas will clear the air over Samy’s statements:

Sixty Tamil schools will be rebuilt, many with new buildings, under the second phase of the Government’s redevelopment programme, MIC president Datuk Seri S. samy Vellu said.

The schools would be redeveloped under the RM100mil fund allocated by the Government, he said after visiting the partially-burnt Selangor River Tamil school here with Deputy Minister in the Prime Minister’s Department, Datuk S.K. Devamany, on Monday.

Samy Vellu said 72 Tamil schools have already been redeveloped under the first phase.

There are about 525 Tamil schools in the country, with more than 300 schools falling under the partially-aided government schools category.

Samy Vellu said the Public Works Department had recently tendered out the projects for the 62 schools, with work on the schools to commence soon.

On the Selangor River Tamil school, he said RM650,000 has been set aside by the Government to build a new building that would cater for six to seven classrooms.

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defaulters owe MIED RM60 million!

May 14th, 2009
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In July 2007, it was RM30 million. At that time, the plan was to issue legal notice to defaulters.

March last year, it was announced that only 34% of the RM86 million (about Rm23 million) has been collected back and about 2000 people were served with legal notices.

In February this year, MIEd said it will sue some 4000 borrowers to reclaim some money.

Yesterday, the default amount has ballooned to RM60 million!

Education loan defaulters owe the MIC about RM60mil and the party-owned Maju Institute of Educational Development (MIED) will come down hard on defaulters.

According to MIC president and MIED chairman Datuk Seri S. Samy Vellu, only RM34,907,357.83 has been repaid from loans amounting to around RM90mil.

“Legal action will be taken against the defaulters and the guarantors,” he said during the MIED’s second cheque presentation ceremony of the year at Dynasty Hotel yesterday.

“Their names will be blacklisted to prevent them from obtaining other loans and they will also be slapped with travel bans.”

Samy Vellu added that around 95% of students tried to avoid repayment and some even went to the extent of changing their addresses after completing their studies.

MIED, the educational arm of MIC, has disbursed around RM90mil through 12,500 study loans for around 9,500 students since its inception in 1984.

The MIED stopped approving loans of RM40,000 and above in March last year as many borrowers had difficulty repaying them.

Loans amounting to RM1,171,270 were handed out to 143 varsity students yesterday.

Medical students took the lion’s share totalling RM692,000, followed by dentistry students at RM106,500, while engineering students were given RM75,000.

This is one of those cases where MIC is let down by the community instead of the other way around. Shameful indeed that we have so many people who are evading paying back the money which can be used for other students.

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Jobs in Indian Restaurants for youths

May 14th, 2009
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From the Star:

Two major restaurant owners associations will organise a training and placement programme to encourage Malaysians to work in Indian and mamak restaurants.

The “Train and Place” programme, organised by the Malaysian Indian Restaurant Owners’ Association (Primas) and the Malaysian Muslim Restaurant Owners’ Association (Presma), is targeted at local youths and retrenched workers in a bid to reduce the dependence on foreign workers.

“We are trying to meet the Government’s policy of reducing foreign workers and this is our first step in achieving that goal,” programme director D. Arun told a press conference yesterday.

He said the three-month course would begin in June with 200 applicants targeted.

“The Human Resources Ministry will sponsor the participant’s tuition fee of RM4,500 and if the response is good we will take in more trainees at the next intake,” he added.

He said the training would be held in various institutes in the Klang Valley in English, Bahasa Malaysia and Tamil.

Those who complete the course would be quickly placed in restaurants around the Klang Valley, with the Government paying them RM800 each, Arun added.

Presma president Datuk Jamarulkhan Kadir said it was the right time to launch the programme as the Indian food and beverage industry was in need of more manpower.

“We are working to hire locals instead of foreigners but the problem is that most locals have a negative impression of being a restaurant worker,” said Jamarulkhan.

Primas president Datuk R. Ramalingam Pillai said that there were currently 75,000 foreign workers in the industry, and the ultimate aim was to get locals to replace them.

Primas and Presma are also setting up a Centre for Innovative Restaurant Skills to better train workers by the year end.

Those interested in joining the “Train and Place” programme can download the application form at www.restaurantjobregistry.com or call 03-7954-9270 for enquiries. Registration starts on May 19.

This is the way to go. Instead of relying on foreign workers, its time to train our own youths, give them decent salary and work environment. Of course, there will be some bad hats and hiccups, but in the long run it will be good for the economy as more money is generated in the country and increase consumer spending power. Remember, “a youth who is preoccupied won’t have time to cause trouble”.

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PSD scholarship results

May 13th, 2009
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Last year, only 72 Indian students (it was 34 initially) were selected. with nearly 190 others appealing via MIC (187 students, three had scored 12 A1s, seven (11 A1s), 68 (10 A1s), 66 (9 A1s) and 43 (8A1s) in the 2007 Sijil Pelajaran Malaysia (SPM) examination.

Do we remember Kamine Devi who scored 10A1s?

PSD said 13A1 was the cutoff for the overseas scholarships. Last year 15,217 applications were received, out of which 7,253 were called for interview.

900 places went to normal students while 1100 taken by privileged community.

This year, my blog registered comments from few students who got rejected.

MCA and Gerakan has started the ball rolling:

MCA Youth chief Datuk Dr Wee Ka Siong has lambasted the Public Service Department (PSD) on the awarding of overseas scholarships for top scorers, Sin Chew Daily and China Press reported.

Dr Wee, who is also the Deputy Education Minister, said the MCA Youth has requested MCA president Datuk Seri Ong Tee Keat and three other MCA ministers to bring the matter to the Cabinet today.

This was to ascertain the procedure and criteria of awarding scholarships to students to study overseas, Dr Wee said after receiving complaints from two students, one with 14 1As and the other 13 1As, that they did not get overseas scholarships but were offered local matriculation courses instead.

Dr Wee said their friends who scored 9 1As were offered scholarships to study overseas.

He urged the PSD to be clear in its guidelines on awarding overseas scholarships.

Gerakan Youth secretary-general Dr Dominic Lau, commenting on five top scorers from Malacca who were denied overseas scholarships, also told Sin Chew that the wing was willing to offer help to students who were rejected by the PSD.

He also said the PSD should consider reviewing students who were turned down to give them a chance to pursue their studies overseas.

Even if they were rejected, an explanation should be given to them, said Dr Lau.

SMJK Sam Tet principal Phang Yoon Ming was also quoted by Sin Chew as saying that it seems to be more difficult to secure overseas scholarships from the PSD this year.

Phang said about 10 students had approached him to sign appeal letters.

At least some of them got places in matriculation!

So, what would it be this year? How many get and how many didn’t? This year also no transparency. No list for public to check on those who received – whether really chosen according to the criteria or not. With minimum cut off of 13A1s, it will be a heartache for those who scored between 8 and 12As as they have no choice but to do STPM, if not selected for local IPTA foundation or matriculation programmes. Those from well to do families can opt for private education. How about others? Can imagine 8As student doing diploma in politechnic (no offense but it shows the level of competition nowadays)? Those days, 4 or 5As were meaningful. Now 8As is common like pisang goreng stall along roadside.

So, while I wait for MIC’s report on Indian students, time to go find something to eat…hungry!!!

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