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When the time comes to send the kids to college, some Asian parents may do their budget in Malaysian money. Malaysia wants to become a regional center for
higher education. “We’re introducing a bill in October to allow the University of London and other well-known foreign universities to come in and establish full-scale branch campuses,” says Fong Chan Onn, the
deputy minister with responsibility for Chinese education. The University of London will be opening a branch near Kuala Lumpur. Fong says Australian institutions have expressed interest. “Even one of the Japanese
universities is interested,” he adds Malaysia hopes the imports will solve several problems. Local universities have limited places and many are reserved for
Malays and other native groups. Ethnic Chinese and Indians often have no choice but to study overseas--or not go to university at all. “The country has been spending billions on the thousands of students who go
abroad for their higher education.” say Penang state assemblyman Kang Chin Seng. “The figure is almost equal to all the revenue we earn from tin mines.” The government itself sends scholars to other
countries, says Kang: “Many could be placed in the foreign campuses here, saving government funds.”
As an education center, Malaysia can even make money, “The slogan is that one foreign student studying in Malaysia is worth 4x365 tourist days,” says Fong. Kuala Lumpur is eyeing students from
ASEAN countries, and perhaps Hong Kong, where it is difficult to be admitted into local universities. Will foreign students come knocking? Prime Minister Mahathir Mohamad says Malaysia will be offering “quality
education at reduced cost.” As for the local institutions, Fong believes they will rise to the challenge. Malaysia will know it has become a regional center for education when its homegrown schools can rival foreign
universities as centers of excellence.
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