863 Penang scholarships awarded since 2015, worth RM47.7 million

Penang, Malaysia – The Penang Future Foundation (PFF) has provided 863 scholarships totaling RM47.7 million since its inception in 2015. The program aims to cultivate quality human capital and retain local talent, crucial for Penang's economic development over the next 50 years.

In the past year alone, 58 students received scholarships in critical fields such as Science, Technology, Engineering, and Mathematics (STEM), as well as Accounting and Finance. Chief Minister Chow Kon Yeow, who also chairs the PFF, emphasized the program's continuation this year.

"The effort to attract and retain local talent to ensure Penang remains a top investment and economic development destination for the next 50 years is becoming increasingly critical," Chow stated. He also highlighted the growing demand from industries for a continuous supply of skilled labor, positioning the PFF as a key platform to meet this need.

Applications for this year's scholarships will open from July 15 to August 5. Two categories are available: the PFF Penang Scholar for students with a Cumulative Grade Point Average (CGPA) of 3.67 and above, and the PFF Mutiara Scholar for those with a CGPA between 3.00 and 3.66. Both categories have distinct eligibility requirements that consider academic achievement and financial background, with benefits varying by scholarship type.