Bringing YSG to 'original path'
Published on: Saturday, September 22, 2018
Kota Kinabalu: The State Government is committed to bringing the Yayasan Sabah Group (YSG) to its "original path" of returning Sabah's wealth to the people through aid for students as it is a long term investment, said Chief Minister Datuk Seri Shafie Apdal.Shafie said YSG earned from the natural resources that cover Sabah and it has been their role to use the funds by returning it to Sabahans via education aid as it could contribute to human capital development."We (State Government) will ensure a big share of this acquisition will be used to help our future generations in terms of education.
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"It is an investment which we know has a long term effect compared to capital injection investment," he said at the Yayasan Sabah One-Off Education Aid, Friday.At the event, Shafie distributed funds worth RM1,000 for those pursuing their studies in Sabah while some 5,000 pursuing their studies in Sarawak or Peninsula were given RM2,000.He said YSG is a big entity that has been established as a track that was designed to produce human capital that would contribute to Sabah's development.He said this explained the drastic approach in banning timber export, recently, as these resources can be used by Yayasan Sabah for targeted groups who are Sabahans.
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Shafie said the State Government would consider any other aspects to solve issues that have been holding back education growth in Sabah. Which was also why the State Government did not hesitate to establish its own Education and Innovation Ministry as the leaders of Sabah themselves know the education landscape in Sabah and could identify the source as well as produce a solution.
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He said he could not place Sabahans' future entirely on the shoulders of the federal ministry. With this establishment, the State Government could better understand the actual needs of schools in Sabah aside from better infrastructure and teaching power.Meanwhile, new Yayasan Sabah Director Jamalul Kiram Mohd Zakaria said 100,202 students received sponsorship from the group to the tune of RM657.9million to date.Jamalul said the One-Off Education Aid worth RM10 million is distributed to students who will begin their higher learning education level in 2018 as a special fund.Stay up-to-date by following Daily Express’s Telegram channel.
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