Johor Port donates RM1m to UTM’s Endowment Fund

by AZALEA AZUAR / pic courtesy of MMC Corp Bhd

MMC Group’s Johor Port Bhd (Johor Port) has allocated RM1 million to Universiti Teknologi Malaysia (UTM) for its Endowment Fund.

The cheque presentation was done virtually by Johor Port CEO Md Derick Basir to UTM vice chancellor Prof Datuk Ts Dr Ahmad Fauzi Ismail and witnessed by MMC Corp Bhd MD Datuk Seri Che Khalib Mohamad Noh, UTM’s senior officials and Johor Port’s senior management.

The UTM Endowment Fund’s main purpose is to help its academically excellent but poor and needy students who are incapable of financing their study fees and cost of living.

Ahmad Fauzi expressed his gratitude to Johor Port for its continued commitment to helping UTM since 2013, where RM8 million had been raised.

“Donations to the fund were invested in low-risk and Shariah-compliant fixed deposits and the investment gains (hibah pelaburan) were used to help 21 outstanding UTM students who are under the bottom 40% category through the Al-Bukhary Endowment Scholarship.

“To date, a total of 12 Al-Bukhary Endowment Scholarship recipients have graduated and completed their respective study programmes,” he said.

As a token of the university’s appreciation, UTM Marine Technology has been renamed the UTM-Johor Port Marine Technology Centre and Ahmad Fauzi hoped that Johor Port’s contribution to the UTM Endowment Fund would ensure the security of the needy students’ welfare.

Meanwhile, Che Khalib said MMC believed that the private sector can contribute significantly to higher learning institutions in terms of fund contributions and industry experience training.

“The contribution from Johor Port is one of our corporate social responsibilities (CSR) initiatives in helping the children of our nation towards pursuing their aspirations to acquire knowledge and succeed, especially in this current situation where many have lost their source of income,” he said.

Che Khalib did not want students to become discouraged in continuing their studies due to the current crisis as education is the key to changing one’s future for the better.

“I believe that the cooperation between corporate companies and universities can be a platform to develop human capital that is of higher quality, more skilled and knowledgeable, creative and innovative; and which, in turn, can help to develop the country towards greater excellence in the future,” he added.

Md Derick, meanwhile, was appreciative that the UTM Endowment Fund not only helps the unfortunate students but also helps Malaysia to produce high-performing young talents.

“As a high-performance organisation, we believe that high-performing talents are the most crucial element towards organisational success and we are happy to be able to play a part in it through our contribution to the UTM Endowment Fund,” he said.

As a member of MMC Group, Johor Port catalyses different industries such as commodities, manufacturing, and oil and gas activities consists of five terminals with 24 berths, totalling 4.75km.

The port not only covers different activities such as container, bulk and breakbulk, but it is also Johor’s first port to be designed as a multipurpose port to cater to all types of cargo.

The group will remain committed to empowering the next generation with knowledge through its CSR efforts.

This comes from its beliefs that education is the key to help the underprivileged improve their standard of living.