The University of Malaya (UM) should develop its assets more productively for investment or development purposes to increase and diversify its sources of income.
Its Chancellor, the Sultan of Perak Sultan Nazrin Shah said UM should be willing to have a mindset change, looking at new non-conventional sources of income as its main source of funding.
"Universities must think progressively and pioneer efforts aggressively to increase and diversify their sources of income. The effort to increase and boost the funds should be the main agenda by re-engineering the procedures for financial management and giving more importance to investment rather than just controlling spending," he said at the university’s 54th convocation ceremony here today.
Sultan Nazrin Shah said as the country's oldest university, UM must realise that it was no longer the sole institution of higher learning in Malaysia, and did not enjoy any more priority in the national budget or staffing needs, and was no longer in a special position.
He said the university's board and management must manage the university on a budget based on income rather than depend on government allocations.
Sultan Nazrin also congratulated UM for improving its ranking in the QS World University Rankings 2015 from 151st place last year to 146th this year.
He also urged UM together with its alumni to explore efforts to develop a charity and endowment fund to sponsor research programmes and reduce the costs for the students.
A total of 5,478 students would participate in a six-day convocation ceremony which began today.
Economist and National Economic Special Committee member, Tan Sri Andrew Sheng and former International Trade and Industry Minister Tan Sri Rafidah Aziz were accorded Honorary Doctorate Degrees in Economics.
Bernama
Sat Oct 17 2015
![UM should develop its assets more productively to increase income - Raja Nazrin UM should develop its assets more productively to increase income - Raja Nazrin](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2015-10/81445070022_rafidahkonvo.jpg)
Sultan Nazrin (right) according Rafidah an Honorary Doctorate Degrees in Economics at the convocation ceremony today. - Astro AWANI
![Media diingatkan tidak keluar kenyataan langkau siasatan polis Media diingatkan tidak keluar kenyataan langkau siasatan polis](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-03/61711350467_TBHUSSEINOMARjp.jpg)
Media diingatkan tidak keluar kenyataan langkau siasatan polis
Pengamal media diingatkan supaya tidak mengeluarkan sebarang kenyataan melangkaui siasatan polis berhubung mana-mana kes dalam proses siasatan.
![Isu salah guna kuasa: Tiada kompromi terhadap anggota PBT terlibat - Dr Zaliha Isu salah guna kuasa: Tiada kompromi terhadap anggota PBT terlibat - Dr Zaliha](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-06/41718274360_ZalihaMustafa.jpg)
Isu salah guna kuasa: Tiada kompromi terhadap anggota PBT terlibat - Dr Zaliha
Terserah kepada SPRM atau mana-mana agensi penguat kuasa untuk mengambil tindakan sewajarnya terhadap individu yang melanggar peraturan.
![Bunuh kekasih hamil: Bekas polis terlepas hukuman gantung Bunuh kekasih hamil: Bekas polis terlepas hukuman gantung](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/71721202906_bunuhkekasih.jpg)
Bunuh kekasih hamil: Bekas polis terlepas hukuman gantung
Seorang bekas anggota polis terlepas tali gantung selepas Mahkamah Persekutuan mengetepikan hukuman gantung terhadapnya kerana membunuh kekasihnya yang hamil pada 2015.
AWANI Ringkas: Presiden UMNO serah kepada rauf ambil tindakan
Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
J.D Vance pernah menjadi pengkritik utama Trump
J.D Vance yang diumumkan sebagai bakal Naib Presiden Amerika Syarikat yang akan bergandingan dengan calon Republikan, Donald Trump membuat pengakuan bahawa sebelum ini beliau merupakan pengkritik keras Trump.
Babydog ramal kemenangan besar Parti Republikan
Tidak cukup penganalisis politik, anjing pun dijadikan sandaran meramalkan siapa Presiden Amerika Syarikat.
''Polisi saya untuk warga kulit hitam lebih baik'' - Biden
Joe Biden nafi dakwaan Trump, yang mendakwa kebajikan warga kulit hitam di Amerika Syarikat tidak mendapat perhatian.
![‘The Experts’ gegarkan 18 pawagam di Kemboja bermula hari ini ‘The Experts’ gegarkan 18 pawagam di Kemboja bermula hari ini](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/41721200186_theexperts.jpg)
‘The Experts’ gegarkan 18 pawagam di Kemboja bermula hari ini
Filem rompakan tempatan nombor satu Malaysia, The Experts terus melangkah jauh dengan menembusi pasaran di negara Kemboja bermula hari ini.
PAC tuntut HRD Corp tarik balik surat LOD kepada akhbar
Mas Ermieyati berkata, jawatankuasa berkenaan mengutuk tindakan HRD Corp dan menganggap ia sebagai percubaan memberi tekanan kepada media untuk tidak menyiarkan laporan PAC berhubung syarikat itu.
HRD Corp sudah tarik balik surat tuntutan kepada akhbar - Steven
Steven Sim menegaskan beliau tidak bersetuju dengan tindakan menyaman media kerana berpegang kepada kebebasan media.