DECEMBER 5 — Every university in the world, public or private, will cry out in joy if the government announced an extra RM10 million on top of the RM30 million yearly allocation. Incredibly, instead, MCA did not say a word of thanks with total, absolute silence. Until now, MCA had ridiculously...
Thursday, 05 Dec 2019 09:13 AM MYT
Until now, MCA had ridiculously portrayed RM 30 million allocation specified for students as an “attack” on TARUC. It didn’t matter to MCA the students will benefit from the increased allocation, it only mattered to them that the money did not come under their control. MCA likes to claim that it is the champion for the Chinese and the defender of Chinese education. It prides itself as the founder of UTAR and TARUC that had produced 200,000 graduates. They never seemed to remember that the universities were built with government funding and donations from the Chinese society and the students had to pay full fees. In essence, the students do not owe MCA any favours at all.
It was never made clear to the public that TAR Education Foundation was sitting on a cash pile of RM 634 million and would not collapse. On top of that MCA has assets worth nearly RM 3 billion with annual profits of RM 100 million from dividends, rental and stocks. MCA is more than able to donate even RM50 million a year to TAR UC.
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