PM orders review of UiTM Holdings amid RM157 million loss concerns

Prime Minister Anwar Ibrahim has directed a formal examination of UiTM Holdings' financial performance, citing the need to thoroughly assess the organisation's operational challenges before drawing conclusions about institutional governance.

During recent remarks, Anwar cautioned against premature judgments, stating that authorities should first investigate whether reported weaknesses represent structural deficiencies or isolated management issues. The comments come as the institution grapples with accumulated losses totalling RM157 million.

UiTM Holdings' leadership has characterised the financial difficulties as a legacy problem inherited from previous administrations, suggesting current challenges stem from longstanding systemic issues rather than recent mismanagement. The chair's position indicates the institution faces inherited financial burdens requiring careful diagnostic review before remedial action is determined.

The directive reflects broader government efforts to examine governance standards across major educational institutions and their subsidiary entities. Officials have indicated that the review process will establish clear accountability measures while distinguishing between pre-existing structural problems and current operational failures.