Education in Malaysia

Everybody knows that educating is expensive but also, that education can boost a nation’s competitiveness. What to do? Combine the two. In Malaysia, Prime Minster Abdullah Badawi proposes a ringgit-for-ringgit education savings scheme with a RM10,000 per child top up maximum is expected to be launched soon for families with an income of RM1,000 and below. Parents have to save RM10,000 and the government is topping this with another RM10,000. While this is not the world – one US dollar equals 3.80 Ringgit. However, it is a start to get something going. Let’s just hope that the money doesn’t end up in consumer goods or is used to ship in for car purchases.

(By Asia Business Consulting)