University students took the on the streets of Kuala Lumpur in a demonstration to demand the government in fulfilling their promises on the National Higher Education Fund Corporation (PTPTN) loans. PIX: AFFAN FAUZI / Malaysia Gazette / 24 NOVEMBER 2018
University students took the on the streets of Kuala Lumpur in a demonstration to demand the government in fulfilling their promises on the National Higher Education Fund Corporation (PTPTN) loans. PIX: AFFAN FAUZI / Malaysia Gazette / 24 NOVEMBER 2018

KUALA LUMPUR – The proposal to reintroduce travel ban for the National Higher Education Fund Corporation (PTPTN) defaulters was shocking to many.

It was a great disappointment for the voters who gave their support to the Pakatan Harapan (PH) coalition during the 14th General Election (GE14).

Majority of the people bought in to the sweet promises of free education prior to GE14 and the Barisan Nasional (BN) government was toppled although they have warned the people that the promises made by PH were merely a populist manifesto and difficult to be implemented.

Although the PH had abolished the travel ban right after they formed the new government, unfortunately, after a year of ruling, there are proposals to reintroduce its implementation.

Therefore, MCA urged the PH government to reject the proposal of PTPTN Chairman Wan Saiful Wan Jan as it is contradicting to the promises made by PH, besides, making things difficult for the borrowers as most of them have low income.

Its spokesperson Mike Chong Yew Chuan said, the u-turn made by the PH government is seen as a desperate measure to rescue PTPTN, which was reported to shoulder a debt of RM40 billion, a sum bigger than the debt of 1MDB.

It should be emphasized that the challenges faced by PTPTN today were caused by PH themselves. They have incited their supporters not to repay their debts and they also promised to cancel off their debts when they form the government.

These are among the reasons why PTPTN has recorded a low repayment of debts.

Therefore, the PH government is advised to work harder in correcting their mistakes by encouraging defaulters to repay their loans through incentives as what was done by the BN government, and not imposing bans on the borrowers, he said.

“Do not burden them with more restrictions. Furthermore, there is a problem on job opportunities due to the slow economy.

“Foreign investors have withdrew their investments or shut down their operations in this country. Besides, the PH government had also failed to implement the RM1,500 minimum wages as what they had promised earlier,” he said. -MalaysiaGazette

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