Now in its ninth year, this scholarship fund remains one of Penang’s means of attracting, building and retaining human talent.

Application for the PFF Scholarship 2023 is open from Aug 1 to Aug 25 this year.

Interested students are encouraged to keep a lookout for periodic announcements through PFF’s website at www.penangfuturefoundation.my; Buletin Mutiara’s distributed free copies; and social media websites including Facebook and Twitter.

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Press Statement by YAB Chow Kon Yeow, Chief Minister of Penang

Komtar, George Town, 6 June 2023

Penang Future Foundation (“PFF”) started in 2015 as the Penang State Government’s initiative to aid outstanding and deserving Malaysian youths to pursue tertiary studies in public/private universities in Malaysia. With valuable contributions from the private sector and donors, and recognizing the importance of education and the need to retain local talents, PFF has awarded approximately 700 scholarships over the last 8 years. The awarded scholarships to date carry a projected value of RM38.81 million. For the year 2022 alone, 45 students from a diverse range of backgrounds were awarded scholarships in fields of Science, Technology, Engineering, Mathematics, Accountancy and Finance.

Now in its ninth year, this scholarship fund remains as one of Penang State Government’s mechanisms in attracting, building and retaining human talent. Fresh from the state’s 2022 celebration of Penang’s 50 years of industrialization and in preparation for many more decades of industrial excellence, the Penang State Government is geared towards upholding Penang’s competitive edge by developing multi-faceted initiatives and ramping the talent supply to meet industry needs. Skilled talents are undoubtedly a crucial component in attracting investments, both foreign and domestic. In this regard, Penang recorded RM110 billion of foreign direct investments (FDIs) from 2019 to 2022, out of which 84% (or RM92 billion) were contributed by the Electrical & Electronics (E&E) sector. This translates into 44% of Malaysia’s RM209 billion FDIs in E&E for the said period, which attested Penang’s instrumental role in anchoring Malaysia’s participation in this industry.

Prospective students may apply to be either a ‘PFF Penang Scholar’ or ‘PFF Mutiara Scholar’. Interested candidates are advised to check the eligibility requirements for each category. Both categories have different eligibility criteria based on, among others, candidates’ financial background and scholastic record. ‘PFF Penang Scholar’ caters for those with CGPA of 3.67 and above whereas ‘PFF Mutiara Scholar’ is available for applicants whose CGPA is between 3.00 to 3.66. Successful applicants will receive benefits that correspond with the scholarship awarded to them. Detailed information on benefits and terms of the scholarship is available at PFF’s website (www.penangfuturefoundation.my).

Application window for PFF Scholarship 2023 will open from 1 August 2023 to 25 August 2023. Interested students are encouraged to keep a lookout for periodic announcements through PFF’s website at www.penangfuturefoundation.my; Buletin Mutiara’s distributed free copies; and social media websites including Facebook and Twitter.

CHOW KON YEOW