Yayasan Bank Rakyat allocates over RM1 mln to help outstanding UNITEN students

KUALA LUMPUR, Oct 6 (Bernama) -- Yayasan Bank Rakyat (YBR) and Universiti Tenaga Nasional (UNITEN) have signed a memorandum of understanding (MoU) for the sponsorship of nine university students under the Outstanding Student Programme, amounting to over RM1 million.

YBR in a statement informed that a total of RM1.03 million had been allocated for education scholarships for selected students in the programme, while another RM100,000 in Initial Study Aid (BAP) was for students to prepare for the new semester.

It said that the three-year collaboration beginning this year aimed at sponsoring three students per year, with each receiving RM114,934.

The BAP, meanwhile, involved 100 eligible students receiving RM1,000 each.

"This collaboration aims to open up opportunities for outstanding students, especially those who obtained excellent results in Sijil Pelajaran Malaysia (SPM) examination to continue with their Bachelor's Degree after completing the foundation programme," read the statement.

The memorandum was signed by YBR general manager Syaiful Rizal Abdul Ghani and UNITEN Vice Chancellor Prof Dr Noor Azuan Abu Osman, and witnessed by YBR chairman Datuk Megat Zulkarnain Omardin and UNITEN chairman Datuk Seri Hasan Arifin at the UNITEN Putrajaya campus yesterday.

Megat Zulkarnain in his speech at the ceremony said he hoped that the collaboration between YBR and UNITEN would motivate the students to further succeed in education and to some extent, contribute towards creating a younger generation of calibre.

According to him, the sponsorship is also looked at aspects of sustainable national human capital development and showed the commitment of YBR and UNITEN to help outstanding students achieve their true potential without any financial constraints.

-- BERNAMA