PTPTN CHAIR­MAN APOL­O­GISES FOR NOT KEEPING PH PROM­ISE

I was among those who penned PH’s man­i­festo prom­ises. I was re­spon­si­ble for the mat­ter, in­clud­ing the pledge to post­pone the re­pay­ment of PTPTN loans by those who earn be­low RM4,000 a month.

New Straits Times - - FRONT PAGE - WAN SAI­FUL WAN JAN PTPTN chair­man

WAN Sai­ful Wan Jan, who penned the Buku Hara­pan con­tain­ing Pakatan Hara­pan’s elec­tion man­i­festo, has apol­o­gised to the peo­ple for fail­ing to keep the prom­ise on the Na­tional Higher Ed­u­ca­tion Cor­po­ra­tion Fund (PTPTN) loans.

The for­mer In­sti­tute for Democ­racy and Eco­nomic Af­fairs chief, who was ap­pointed PTPTN chair­man af­ter the 14th Gen­eral Elec­tion, said PTPTN had tried to find the best mech­a­nism to re­alise the man­i­festo prom­ise but failed.

“I was among those who penned PH’s man­i­festo prom­ises. I was re­spon­si­ble for the mat­ter, in­clud­ing the pledge to post­pone the re­pay­ment of PTPTN loans for those who earn be­low RM4,000 a month.

“I apol­o­gise to the peo­ple. At the time (when writ­ing the man­i­festo), I was not aware of (the ex­tent of) the na­tional debt as well as the debt borne by PTPTN.

“PTPTN’s debt (at the time) was al­most RM40 bil­lion. If this prom­ise was car­ried through, PTPTN’s debt would place a mas­sive bur­den on the coun­try’s fi­nances.”

Wan Sai­ful of­fered his apol­ogy while speak­ing at the Fed­eral Ter­ri­to­ries Gabun­gan Pe­la­jar Me­layu Se­me­nan­jung an­nual meet­ing.

He said the PTPTN man­age­ment had tried to re­solve its debts but failed.

“PTPTN has, for a while, been try­ing to man­age the loans. I would like to state my ad­mi­ra­tion for the PTPTN man­age­ment for their ded­i­ca­tion to re­solv­ing the is­sue.”

He, nev­er­the­less, pledged to meet the prom­ise to re­duce the bur­den of bor­row­ers who earn a monthly in­come of un­der RM4,000.

MAHZIR MAT ISA PIC BY

PTPTN chair­man Wan Sai­ful Wan Jan (in red) at the Fed­eral Ter­ri­to­ries Gabun­gan Pe­la­jar Me­layu Se­me­nan­jung an­nual meet­ing in Kuala Lumpur yes­ter­day.

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