Wednesday, June 1, 2011

Masterskill optimistic of growth in 2011

Masterskill Education Group Bhd is optimistic of satisfactory results this year, having in place a strategic growth plan.

Group Chief Executive Officer Datuk Seri Edmund Santhara said despite the constantly changing operating environment, the group has drawn up a three-pronged strategy of increasing student population, broadening courses and curriculum offerings as well as embarking on a campus expansion.

He was speaking to reporters after the company's annual general meeting here today.

Masterskill has the largest market share of all private higher education institutions offering nursing education in Malaysia. Edmund said that Masterskill is among others, looking to expand its curriculum beyond allied health.

"Working with the University of Newcastle, Masterskill will be offering the Bachelor of Business and Bachelor of Commerce programmes to broaden the company's appeal to a wider student base," he added.

He said Masterskill plans to strengthen its presence via its flagship campus in Bandar Baru Bangi.

The campus, to be built on a 21.91 hectare site can accommodate up to 15,000 students when completed by 2013 at a total investment of RM33 million.

Currently, Masterskill has six campuses in Selangor, Johor, Perak, Kelantan, Sabah and Sarawak.

"In addition, we have also in the pipeline, plans to expand our business to India and Indonesia as both countries ensure a lot opportunities in terms of the population.

"For instance in Indonesia, there are five star hospitals but lack capable staff," Edmund said.

He said other than physical expansion, Masterskill will expand its business via the franchising model and is looking to countries like Pakistan and Bangladesh.

Asked about a strategic partner for the business, he said there have been talks with several parties, both locally and from overseas.

"But we are also keen to have government-linked companies collaborate with us," he added. -- Bernama


Read more: Masterskill optimistic of growth in 2011 http://www.btimes.com.my Published: 2011/06/01

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