May 25, 2024

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UTM Identifies Seven Key Focus Areas in Generating Revenue

KUALA LUMPUR, 2 February 2015 –  Seven key focus areas have been identified as a means to generate an additional University income of RM170.65 million in the year 2016.
UTM Vice-Chancellor, Prof. Datuk Dr. Wahid Omar said the seven key focus areas will generate funds through academic programs, research and innovation initiatives, effective management and development of university assets and land bank, empowering of UTM business entities,  UTM health services, residential colleges and university facilities, as well as effective management of endowment and human resource development.
He said that generating funds through the seven key focus area would enable UTM to continue its role as an Institution of Higher Learning despite the current economic downturn which has forced the government to cut its 2016 budget.
“UTM will continue to practice prudent spending as part of the 2016 sustainable budget strategy,” he said at his monthly engagement at UTM Kuala Lumpur, today.
Dr Wahid said, among the measures that will be taken to enhance financial sustainability include using economy class flights for all qualified staff, the introduction of a more competitive Scholar’s Inn package and the use of video conferencing for long range meeting sessions.
“As part of prudent spending, we will freeze any office space renovation job and will encourage organizing seminars or workshops on campus using  existing facilities,” he said.

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