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![[UPDATED] PM: Govt to consider partial debt write-off for UNIKOP College](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fimages%2Farticles%2FPMX_debt1306_1749791337.jpg&w=3840&q=100)
![[UPDATED] PM: Govt to consider partial debt write-off for UNIKOP College](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
2 days ago
- Business
- New Straits Times
[UPDATED] PM: Govt to consider partial debt write-off for UNIKOP College
KUALA LUMPUR: The government will consider the possibility of a debt write-off for the Royal Malaysia Police Cooperative Bhd (RMPC)'s UNIKOP College premises in Cyberjaya for the year 2024, payable to Cyberview Sdn Bhd. However, Prime Minister Datuk Seri Anwar Ibrahim said any such move must be carried out responsibly, with a focus on ensuring the cooperative's sustainable management. "I do not think it is reasonable for us to write off everything, but I believe that with good management and solid performance, we can offer a reasonable reduction," he said in his keynote address at the RMPC 90th Annual General Meeting. Also present were Home Minister Datuk Seri Saifuddin Nasution Ismail and Inspector-General of Police Tan Sri Razarudin Husain. Anwar, who is also the finance minister, requested that the cooperative's financial report be submitted to the Finance Ministry. "But more importantly, the cooperative must submit a report to the Home Ministry and to me. "I will look into how we can move forward, and I have instructed the Finance Minister II and the Treasury secretary-general to explore other avenues through which the cooperative's profits can be channelled to benefit the wider membership," he said. Earlier, in his speech, Razarudin appealed to the government to consider a request for a reduction in rental payments and the cancellation of outstanding debts for the UNIKOP College premises in Cyberjaya for 2024, payable to Cyberview Sdn Bhd. He said that approving the request would further strengthen efforts to upgrade the college into a leading university for policing and security in the Southeast Asian region. Commenting further, Anwar said good governance is a fundamental principle of administration, not only because it enhances efficiency, but also because it helps reduce expenditure. "Governance is critical. Are there weaknesses? Of course, there are, but we are working to address them. "The core principle of managing public tenders is essential, as proper tendering alone can save billions of ringgit. "Good governance should not be taken lightly. "Those billions can be redirected towards upgrading dilapidated schools, funding skills training for our youth, and providing healthcare for our parents. That is precisely what we are doing," he said.
The Star
2 days ago
- Business
- The Star
PM Anwar moots awarding projects to police cooperative in lieu of grants
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has signalled support for awarding projects directly to the Royal Malaysia Police Cooperative Bhd (RMPC) under the Home Ministry, as an alternative to providing financial grants. Anwar, who is also the Finance Minister, stated that such an initiative must be grounded in good governance principles. ALSO READ: Police co-op declares over RM36mil in dividend "We can start with several police headquarters (IPDs) first, we will observe it, and hand it over to the Home Ministry. He said that proper work scopes must be followed and based on reasonable pricing. "And because this isn't a private company, we can give them priority. "This year I'll approve two or three projects to be carried out by the cooperative first," he said in his speech at the 90th Annual General Delegates Meeting (MAPT90) of RMPC on Friday (June 13). He added that he will closely monitor those projects, and if they meet standards, the government may consider increasing the number of projects next year. The government, said Anwar, will also consider the possibility of writing off old and irrecoverable debts under the RMPC. However, Anwar said any such move must be carried out responsibly, with a focus on ensuring the cooperative's sustainable management. "So I've read and considered it, and I don't think it's appropriate to write off everything. "But I feel that based on the police's good performance and the improved management now, we will give a reasonable reduction," said Anwar, without explaining further. "But more importantly, I'll make sure the cooperative reports to the Home Ministry and to me," he added. "I'll monitor how we can work with the Finance Ministry. I'll also instruct the Second Finance Minister to find alternative ways we can support this, to ensure the profits earned by the police cooperative benefit its members, because many want to be a part of it," he said. "If one project is approved by the Finance Ministry, maybe over 100,000 members stand to gain; that's reasonable. "Instead of us injecting direct financial grants, it's better to give them projects. "They will carry out the work properly, at reasonable cost, and complete it quickly. Efficient. The rest, we'll discuss later," said Anwar The Prime Minister also reminded those attendees, especially the top management, to adhere to good management and governance. "Look at how many companies and cooperatives have failed previously. "And how many government agencies that we are forced to keep shouldering them, as well as how many big companies in previous times. "This is all because of poor management. "Some people may forget, when they're given a high position, they tend to forget. They spend like it's their own parents' money," said Anwar.
New Straits Times
2 days ago
- Business
- New Straits Times
PM: Govt mulls discount on police cooperative's old, bad debts
KUALA LUMPUR: The government will consider the possibility of writing off old and irrecoverable debts under the Royal Malaysia Police Cooperative Bhd (RMPC), Prime Minister Datuk Seri Anwar Ibrahim said today. However, Anwar said any such move must be carried out responsibly, with a focus on ensuring the cooperative's sustainable management. "I do not think it is reasonable for us to write off everything, but I believe that with good management and solid performance, we can offer a reasonable reduction," he said in his keynote address at the RMPC Annual General Meeting. Anwar, who is also the finance minister, requested that the Home Ministry provide him with the cooperative's financial report to be presented to the Finance Ministry.
New Straits Times
2 days ago
- Business
- New Straits Times
PM: RMPC could be awarded projects to support police welfare
KUALA LUMPUR: The government will consider awarding suitable projects to the Royal Malaysia Police Cooperative Bhd (RMPC) as part of efforts to improve welfare support for policemen. Prime Minister Datuk Seri Anwar Ibrahim said the move aimed to provide additional funds to increase members' returns. "We will review these projects thoroughly to ensure they are suitable and that the cooperative is capable of carrying them out efficiently. "If implemented properly, these projects could benefit a large number of cooperative members," he said in his keynote address at the RMPC Annual General Meeting today. Anwar said this in response to a request made by Inspector-General of Police Tan Sri Razarudin Husain earlier in his speech, which included a proposal to award the contract for the construction of the Kelantan police headquarters, among others.
