Latest news with #UIS
New Straits Times
4 days ago
- Politics
- New Straits Times
Universiti Islam Selangor to establish Integrity Unit to boost governance, fight corruption
KAJANG: Universiti Islam Selangor (UIS) is set to establish an integrity unit as part of its commitment to ensuring transparent and accountable governance, symbolising its unified stance against corruption and abuse of power. UIS Vice-Chancellor Datuk Mohd Farid Ravi Abdullah said the integrity unit would be placed under the oversight of the university's board of directors to ensure transparency in its management and anti-corruption monitoring. He said the move aligns with a recommendation by Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki, aimed at strengthening a culture of integrity in institutions of higher learning. "As advised by Tan Sri Azam, we will take the necessary steps to establish this integrity unit," he said after the launch of the university's Integrity Policy here today. Azam congratulated UIS for reinforcing its commitment to integrity and governance through the implementation of the policy. "There aren't many universities in the country that have taken the initiative to introduce their own integrity policy, and while UIS has yet to form its own dedicated integrity unit, this is already a positive step forward." Azam added that MACC is ready to provide advisory services and expert resources to support the initiative. "I strongly encourage UIS to establish its own integrity unit. This is essential for implementing the current policy, as I mentioned in my speech. Ideally, the implementation should be overseen by a dedicated unit," he said. Earlier, UIS held a launch ceremony for its Integrity Policy at the Dr Zainudin Jaffar Auditorium. The event also saw university staff taking part in a signing and recitation of the Corruption-Free Pledge, marking their collective commitment to fighting corruption and abuse of power.
New Straits Times
4 days ago
- Business
- New Straits Times
MACC stands firm on move to forfeit Daim and family's undeclared assets
KAJANG: The Malaysian Anti-Corruption Commission (MACC) remains resolute in its move to forfeit a portion of assets belonging to the late former finance minister Tun Dr Daim Zainuddin and his family, which it claims were not lawfully declared. MACC chief commissioner Tan Sri Azam Baki said the commission is also prepared to open more investigation papers as part of ongoing efforts to recover assets believed to be linked to unlawful enrichment. He was responding to remarks by the lawyer representing Daim's widow and family, who described the move as "unreasonable" and "legally baseless". "Whether or not it's justified is their view. They have every right to express their opinion. "However, on our part, we will proceed with the actions we have planned in order to determine the rightful ownership of the assets, which we believe were obtained unlawfully," he told reporters after officiating the launch of Universiti Islam Selangor's (UIS) Integrity Policy here today. Also present was UIS vice-chancellor Datuk Prof Dr Mohd Farid Ravi Abdullah. Azam said the commission may increase the number of investigation papers, which currently stand at eight. "The total value of assets traced by MACC so far is around RM2 billion, but they are broken down into separate components (for forfeiture). Each asset requires its own investigation paper. "So far, only eight have been opened, but yes, more may follow," he said. On May 22, Azam said that the commission was actively working to forfeit assets belonging to the former finance minister and his family. He said that in addition to the RM2 billion in assets that have been frozen, MACC believes there are other undeclared properties located overseas. These, he said, include assets held by family members and proxies of the late Daim, who was also a former senior Umno leader. The move has drawn a response from lawyer Rajesh Nagarajan, representing Daim's widow, Toh Puan Na'imah Abdul Khalid, and their family, who criticised MACC's actions as baseless, indefensible and vindictive. He said that since Daim had passed away, there were no pending charges against him in court, nor had he ever been convicted of any criminal offence.
Yahoo
23-05-2025
- Business
- Yahoo
Here's Why Unisys (UIS) is a Strong Value Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics. Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks. Based in Blue Bell, Pennsylvania, Unisys Corporation is an IT firm, specializing in securing client operations, increasing efficiency of data centers, enhancing support to their end users and constituents and modernizing their enterprise applications. UIS boasts a Value Style Score of A and VGM Score of A, and holds a Zacks Rank #1 (Strong Buy) rating. Shares of Unisys are trading at a forward earnings multiple of 8.6X, as well as a PEG Ratio of 0.6, a Price/Cash Flow ratio of 2X, and a Price/Sales ratio of 0.2X. Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.33 to $0.58 per share. UIS has an average earnings surprise of 46.9%. Investors should take the time to consider UIS for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Unisys Corporation (UIS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
The Star
11-05-2025
- Business
- The Star
S'gor halts sponsorships of undergrad studies in the Middle East
SHAH ALAM: The Selangor government and Selangor Zakat Board (LZS) will no longer sponsor students for undergraduate studies in the Middle East starting this year. Selangor Islamic Religious Department (Jais) director Datuk Mohd Shahzihan Ahmad ( pic ) said sponsorships will now focus on local institutions such as Universiti Islam Selangor (UIS) or other universities in Malaysia. However, sponsorships for master's and doctoral studies in Egypt, Jordan and Morocco will continue. 'This decision aims to reduce the risk of students being influenced by elements that could affect their thinking and identity, especially among those pursuing Islamic studies in the Middle East,' he said, Bernama reported. Private students who are not accepted locally or choose to study abroad may still pursue undergraduate Islamic studies in Egypt, Jordan or Morocco. Jais will fully manage these cases. Mohd Shahzihan said this is to ensure students are well-prepared, have strong character, fluent in Arabic and possess the skills needed to cope with the academic environment and challenges overseas. He added that offering sponsorships for undergraduate studies at UIS helps strengthen Jais' long-established religious education system, which begins from primary school. 'UIS, under the Selangor Islamic Religious Council (Mais), has proven its ability to produce graduates who are knowledgeable, well-mannered and job-ready,' he said. Mais and the Selangor government also welcome applications from students who have completed undergraduate Islamic studies and wish to pursue postgraduate studies in Egypt, Jordan or Morocco under LZS and state sponsorship. 'Applications for both local undergraduate sponsorships and overseas postgraduate sponsorships will open in June 2025. 'Interviews will be held to select eligible candidates,' he added.
New Straits Times
10-05-2025
- Business
- New Straits Times
Selangor stops Middle East sponsorship for first-degree Islamic studies
SHAH ALAM: The Selangor government and the Selangor Zakat Board (LZS) will no longer sponsor students for undergraduate studies in the Middle East starting this year. Selangor Islamic Religious Department (JAIS) director Datuk Mohd Shahzihan Ahmad, in a statement on JAIS' Facebook page today, said sponsorships will now focus on local institutions such as Universiti Islam Selangor (UIS) or other universities in Malaysia. However, sponsorships for master's and doctoral studies in Egypt, Jordan, and Morocco will continue. "This decision aims to reduce the risk of students being influenced by elements that could affect their thinking and identity, especially among those pursuing Islamic studies in the Middle East," he said. Private students who are not accepted locally or choose to study abroad may still pursue undergraduate Islamic studies in Egypt, Jordan, or Morocco. These cases will be fully managed by JAIS. Mohd Shahzihan said this move is to ensure students are well-prepared, have strong character, are fluent in Arabic, and possess the skills needed to cope with the academic environment and challenges overseas. He added that offering sponsorships for undergraduate studies at UIS helps strengthen JAIS' long-established religious education system, which begins from primary school level. "UIS, under the Selangor Islamic Religious Council (MAIS), has proven its ability to produce graduates who are knowledgeable, well-mannered, and job-ready," he said. MAIS and the state government also welcome applications from students who have completed undergraduate Islamic studies and wish to pursue postgraduate studies in Egypt, Jordan, or Morocco under LZS and state sponsorship. "Applications for both local undergraduate sponsorships and overseas postgraduate sponsorships will open in June 2025. "Interviews will be held to select eligible candidates," he added.
