SIDC signs MoU with UNITEN

Kuala Lumpur, 29 May 2007

In line with the government's efforts to bridge the gap between the knowledge and skills of graduates produced by higher learning institutions and the needs of industry, the Securities Industry Development Corporation (SIDC) entered into a Memorandum of Understanding (MoU) with the Universiti Tenaga Nasional (UNITEN) last Friday. This collaboration aims at introducing the capital market syllabus in UNITEN and is also seen as part of the efforts to increase the pool of resources for the capital market.

The MoU was signed by Dr. Nik Ramlah Mahmood, Director of the SIDC and Prof. Dato' Ir. Dr. Mashkuri b. Yaacob, Vice Chancellor of UNITEN in a ceremony at UNITEN. Students of UNITEN will benefit greatly as they will be exposed to the knowledge and skills of the capital market required by the industry. This will undoubtedly improve the marketability of these graduates as they look for jobs. SIDC's support will also extend to the lecturers and students through industry talks, training programmes, industrial visits, licensing examinations and others.

To date, seven local universities have incorporated the capital market syllabus into various programmes offered at the universities. With strong commitments from SIDC and UNITEN, it is hoped that this collaboration will produce more talented people with the relevant skills and expertise to support the continuous growth of the capital market industry.

In addition to this MoU, the SIDC has also embarked on the Capital Market Graduate Training Scheme (CMGTS), which was first introduced in 2003. The scheme, which is open to unemployed graduates, aims at providing an avenue for these graduates to acquire invaluable knowledge, skills and experience in the areas of interpersonal competencies, business communications and the Malaysian business environment. These graduates will also be given the opportunity to be attached to the participating organisations during the apprenticeship period to gain first-hand experience with the industry.

The next intake for CMGTS will be in July 2007. Graduates who are interested to join this scheme may contact SIDC at tel: 03-6204 8481/8267 (Encik Shahrul Nizam/Encik Zamhoudi) or email [email protected] .


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