Launching Of Tabung Amanah Naim (Naim Trust Fund) By YAB

A RM 100 million fund for tertiary education will be launched within this month to finance students pursuing their studies in local universities.

Announcing this last night Chief Minister Pehin Sr Dr. Haji Abdul Taib Mahmud said preparations for the fund had entered the final stage.

He, however did not elaborate on the conditions and requirements for application.

He said the fund would in a way synchronise the various bursaries, scholarships and study loans offered to students in the State.

Taib also disclosed that he would forge knowledge links with established institutions abroad such as Australian universities in post-graduate studies.

He said priority would be given to post-graduate studies in areas such as agriculture biotechnology and engineering.

“These post-graduate students upon returning can initiate research collaboration and create a wide base of knowledge and help build a k-economy and k-community.

He hoped that the successful private sector would also play a proactive role in education sector as a way of contributing back to the society.

Taib is also emphasized the need for tertiary institutions in the State to grow in the right direction by offering the right courses that catered for the industries.

He, however, acknowledged that universities sometimes faced problems in starting a new course due to a lack of students.

He was speaking at the first anniversary celebration dinner for Naim Cendera Holdings Berhad for its listing on the Main Board of Bursa Malaysia and launching of Naim Trust Fund last night.

He also lauded Nam for introducing its own trust fund. NAIM Trust Fund is being set with the objectives of

• Providing assistance, scholarships, incentives or awards for the establishment, advancement or excellence in educational or research work in Malaysia.
• Providing assistance for the relief of distress amongst the Malaysian public.
• Providing assistance and engaging in the promotion of national unity through sports, arts and culture in Malaysia.
• Providing contribution for the purpose of religious worship or advancement of religion.
• Making donations for other patriotic or charitable purposes.
• To kick off the trust fund, Naim Managing director Datuk Hasmi Hasnan presented a mock cheque for RM1 million to Datuk Abdul Hamed Sepawi and James Ritchie who are in the board.