Tahan allocates quarter
million ringgit for R&D
November 10, 2003
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Tahan Insurance signed a memorandum of understanding for a Collaborative
Ventures for the sole purpose of Research and Development related to business
with the Institute of Graduate Studies, Universiti ITM (UiTM). For this
purpose, Tahan Insurance has allocated a sum of a quarter million Ringgit.
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At the Press Conference,
the Chief Executive Officer of Tahan Insurance, Razidan Ghazalli said,
“We envisage the R & D budget to be no more than one percent
of the total premium income, subject to our Board of Directors’
approval..” |
This exercise will seek to provide assis- tance and
funding to the post graduate students of UiTM.
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| Razidan added, Tahan
Insurance has been approached by the Institute of Graduate Studies
(IGS) UiTM to assist the graduate students in insurance-related studies
and to provide them industrial training in insurance-related businesses
such as insurance, risk Management, actuarial studies, finance and
investment and marketing. |
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Razidan |
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| Tahan Insurance will
be allocating RM250,000 over the next 2 years to facilitate the R
& D activities. However, the sum will only be exercised if the
R & D is justified, relevant and beneficial to Tahan Insurance. |
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Chairman Tahan Insurance,Dato'
Annuar Senawi at the signing and exchange of memorandum |
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Dato’ Seri Prof Dr Ibrahim |
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Speaking at the Press
Conference, the Vice Chancellor UiTM, Dato’ Seri Prof Dr Ibrahim
Abu Shah said, “The collaborative ventures with Tahan Insurance
will provide a very good platform for our postgraduate students register
for the new academic year next month.” Dr Ibrahim added the
MoU with Tahan Insurance will benefit UiTM’s new Skim Biasiswazah
initiated by Institute of Graduate Studies. |
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The allocation of RM250,000 will help produce a significant number of
young and talented researchers and specialists in insurance R&D and
insurance related businesses relevant to the development of insurance
industries and nation building.
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