Radium Development Berhad contributes RM500k to Tunku Abdul Rahman University of Management and Technology’s Student Loan Fund to aid B40 scholars
KUALA LUMPUR, Monday, 16 January 2023: Radium Development Berhad (Radium) today signed a Memorandum of Understanding (MoU) with Tunku Abdul Rahman University of Management and Technology (TAR UMT) towards supporting the educational aspirations of Malaysian students from the B40 community.
The MoU signing, which took place today at TAR UMT’s campus in Kuala Lumpur, marks the start of a five-year partnership that sees the KL-based property developer contributing RM500,000 towards the establishment of the TARC-Radium Care Student Loan, which will be managed by the TAR UMT Student Loan Fund committee.
The MoU was signed by Radium Group Managing Director Mr. Gary Gan Kah Siong and TAR UMT President Professor Ir. Dr Lee Sze Wei. The senior management teams from both organisations were present to witness the event.
Mr. Gary Gan said: “This partnership is in line with Radium’s vision, ‘Building Good’, by contributing and staying connected with the community. Through this partnership, we hope to provide equal opportunities to deserving students from the B40 community to achieve their educational aspirations and to become valuable members of the Malaysia workforce that will continue to create positive impact in their communities and beyond.
“We believe that we have a collective responsibility to develop our nation’s human capital with the industry is essential to foster an environment where our employees and future employees have the opportunity to develop and unleash their full potential. A strong economy growth can be achieved by embracing and supporting innovation in education that is future-ready and creative,” added Mr. Gary Gan.
As part of its collaboration with the university, and in line with the developer’s aim for students to strengthen their ability and gain exposure to the corporate world, Radium will also provide the scholars internship opportunities within the Group, giving the students a platform to develop work/life skills by learning, networking and experiencing a professional work environment.
Professor Ir. Dr Lee Sze Wei said: “We are very pleased to be partnering with Radium to provide opportunities to students from the underserved community to attain good tertiary education. Since our establishment in 1969 as TAR College, we have remained committed to providing tertiary education opportunities for young Malaysians regardless of race, class and creed who were seeking quality education, while also meeting the rising demand for human capital from businesses and industries. As one of the nation’s oldest institutions, and now known as TAR UMT, we are proud of having played a part in nurturing Malaysia’s talent.”
TAR UMT’s Student Loan Fund was established in 1979 with the aim of helping needy and deserving students pursue and complete their tertiary education. It is a revolving loan fund whereby funding comes from monetary contributions from alumni, corporations, foundations, and private individuals. Since its establishment, the Fund has disbursed over RM57 million over 15,000 loan awards to students, who need only to pay the exact amount they borrowed, without any interest.
For more information, please visit www.tarc.edu.my/dsa/financial-aid/study-loans for Radium Care Student Loan.
