UiTM Holdings ada pelan pemulihan susulan kerugian RM157 juta, kata pengerusi

UiTM Holdings, a Malaysian institution, has a plan to recover from a loss of approximately RM157 million, according to its chairman, Fathul Bari Mat Jahya. In an interview, Jahya emphasized the importance of cooperation between the University Management Board (LPU), management of the institution, and relevant companies to ensure objectives and decisions are translated into action.

The loss is not new, but rather a legacy issue that has accumulated since 2007. Jahya acknowledged that past losses have created a trust deficit towards UiTM Holdings, but the deficit should not be inherited without ending at the hands of new leadership. The chairman noted that the management of UiTM Holdings is being strengthened, and performance during the current period should be assessed based on integrity, execution, and results.

Previously, Prime Minister Anwar Ibrahim directed UiTM to conduct a review of management and governance of UiTM Holdings, addressing concerns regarding the company's losses. Anwar suggested that the review should be carried out in collaboration with the UiTM Vice Chancellor and the Prime Minister's Department, offering support if needed.

Jahya explained that recovering UiTM Holdings requires cooperation between LPU, management, and the relevant company to translate goals and decisions into action. He stated that UiTM Holdings should be viewed as part of the UiTM ecosystem, as the company's performance ultimately impacts the university. "If UiTM Holdings is strong, the final value returns to UiTM.

If it remains weak, UiTM also suffers from it," Jahya added. The recovery plan is already in place, and what is needed now is coordination, decision-making, and execution throughout the UiTM ecosystem.