Government helps self-financing Malaysian students abroad due to ringgit fall
Higher Education Minister Datuk Seri Idris Jusoh has instructed Education Malaysia offices worldwide to offer assistance to self-financing Malaysian students following the depreciation of the ringgit. Idris posted that government-sponsored students would be unaffected because they received their allowances in US dollars or pound sterling. “The sponsorship the students receive depends on their needs and does not change according to the exchange rate,” he said. Idris said the government was absorbing the rising cost of channelling the sponsorship funds to banks abroad. “This is the responsibility of the government as the sponsor,” he said.
Source: Astro AWANI
