Masterskill Education Group Bhd’s University College of Health Sciences, which was recently upgraded to a full-fledged university status by the Ministry of Higher Education (MoHE), is changing its name to Asia Metropolitan University (AMU) to reflect its aspirations to establish campuses across Asia.
“In the future AMU aspires to establish campuses across Asian countries, produce graduates beyond Malaysia, employ world class human talent from multitude of Asian countries and finally securing jobs for graduates beyond Malaysia,” the group said in a filing with Bursa Malaysia yesterday.
The announcement on the upgrade to a university status was done on Oct 18, 2012 during the universities’ 2012 convocation ceremony.
The group has been recently accorded approval for new courses, as part of plans to reduce its reliance on declining margins of the nursing programme it was previously known for.
Masterskill has since been awarded approval for diploma and degree programmes in Business Administration and a Doctorate in Healthcare Management.
The company reported a net loss of RM4.5 million for the quarter ended June 30 2012, compared with RM11.6 million net profits a year ago as the number of student enrollments declined.
It was reported in August that students enrollment had declined to 12,000 from a peak of 19,000 previously. This was attributed to the National Higher Education Fund Corp (PTPTN) lowering its maximum loan for eligible nursing diploma students to RM45,000 from RM60,000, reducing the profit margins the company had previously been enjoying.
About 90% of its students depended on PTPTN for their loans.