World · Malaysia Bureau
Anwar orders review of UiTM Holdings losses
Prime Minister Anwar Ibrahim has directed a comprehensive examination of financial losses at UiTM Holdings, signalling heightened scrutiny of the university-linked entity's performance. The review will be conducted in cooperation with UiTM's vice-chancellor and the Public Service Department.
LSN Malaysia ·
Prime Minister Anwar Ibrahim has instructed relevant authorities to conduct a thorough review of losses incurred by UiTM Holdings, the investment and commercial arm of Universiti Teknologi MARA.
Anwar said the examination would need to be carried out collaboratively between UiTM's vice-chancellor and the Public Service Department (JPM), with the latter providing support as required. The directive underscores the government's commitment to ensuring transparency and accountability within institutions under its purview.
UiTM Holdings manages various commercial and investment activities on behalf of the university. The review comes as part of broader efforts to strengthen governance standards across Malaysia's tertiary education sector and related entities.
Official details regarding the scope of the review and its timeline have not yet been disclosed. The Prime Minister's office is expected to provide further updates as the examination progresses.