Minister: Malaysia ready to face possibility of TPPA cancellation

Source: The Malay Mail Online

The Trans-Pacific Partnership is a lopsided agreement favouring the United States. Two leading American economists have urged Putrajaya to safeguard Malaysians before signing the deal, which is set to be concluded at year-end. Pic taken from FMT News

The Trans-Pacific Partnership is a lopsided agreement favouring the United States. Two leading American economists had urged Putrajaya to safeguard Malaysians before signing the deal, which is set to be concluded at year-end 2016. Pic taken from FMT News

IPOH, Jan 8 — Malaysia is ready to face any eventuality arising from the possibility of the Trans Pacific Partnership Agreement (TPPA) being scrapped.

This follows the indication by United States President-elect Donald Trump that he was not in favour of the trade pact.

Second Minister of International Trade and Industry Datuk Seri Ong Ka Chuan said Malaysia envisaged a negative impact from the TPPA initiative not being implemented, as research had indicated it would help enhance the Gross Domestic Product and earnings as well as job opportunities.

He said the TPPA would fail without the participation of the US as it is the world’s largest economy.

“If the US does not endorse the TPPA, I feel he (Donald) will also face a problem, in not realising that this is a trend with 420 of 620 Free Trade Agreements (FTAs) having been finalised at present. Read more

Council: More dons ‘disappearing’ and it’s not good for our varsities

Source: The Star Online

Budget cut: Reduced funding may even see UM losing its prestigious research university tag. Pic form the Star Online.

Budget cut: Reduced funding may even see UM losing its prestigious research university tag. Pic form the Star Online.

PETALING JAYA: The letting go of staff is not isolated to Universiti Malaya alone.

It was previously reported that 156 out of 506 professors, aged between 61 and 70, at public universities did not have their contracts renewed last year, presumably due to budget cuts.

National Council of Professors CEO Prof Datuk Dr Raduan Che Rose expressed concerns that such a trend might affect Malaysian universities’ ability to compete internationally.

“A great majority of our Malaysian professors are 55 years old and above. About 250 will be retiring or retired since middle of last year. Read more