Sunway University, one of the leaders in private higher education of Malaysia, established 30 years ago under the Sunway Education Group, owned and governed by the Jeffrey Cheah Foundation, has not too long ago welcomed its new Head of Department of Economics and Finance, Prof. Mohamed Ariff.
Pride in its strong partnerships and affiliations with the top universities in the world: University of Oxford, University of Cambridge, Harvard University, Lancaster University, Monash University, Le Cordon Bleu and Victoria University. Thus Prof Mohamed Ariff, whose vita highlights include industry and academic leadership roles from Singapore, Australia, and the United States, finds his transition natural, and feels very much at home at Sunway University.
Administrator and Academic
Sunway University Business School (SUBS) is a leading business school in the ASEAN Region. Prof. Mohamed Ariff personally leads a pack of 24 teaching staffs to ensure high quality and cutting-edge education is delivered, in upholding the hallmark of SUBS.
In addition to his daily tasks as an administrator, Prof. Mohamed Ariff continues to fulfill his international role as an academic, to publish papers, contribute to refereed journals and books, participate in international conferences, and as a professor of the university. Despite being a full-time HOD, whose responsibilities do not include teaching, Prof. Mohamed Ariff would meet his PhD students, guide and review their dissertation works, do reviews of books and journal articles of economic and finance published around the world.
Developing the Future
The task of developing the future, which conventionally implies preparing the best graduates for the nation, is not confined by the gate of the campus. For Prof. Mohamed Ariff, his task includes providing support to the government’s economic plan to developing Kuala Lumpur into one of the world’s leading financial centres.
Preparing Industry-ready Graduates
The Sunway University Business School now has over 12 programmes, with more new programs in the pipeline. Prof. Mohamed Ariff and his team are all hands on the design of some very specialised finance programs, which aims to future-proofed their undergraduates, in anticipation of the coming challenges of the industry. For example, there is now a degree catered to Financial Analysis. Syllabus for master programmes such as Master in Applied Finance and Master in Applied Economics are also rolling out.
A Vocation for Academic Pursuit
Prof. Mohamed Ariff, who has been teaching for 27 years, though a full-time Head of Department now, still enjoys and teaches one course here every semester.
In fact, it was the thrills of intellectual challenge that drove Prof. Mohamed Ariff to swift from his previous life in corporate management to the current calling in academic and teaching field, beginning in the University of Singapore back in the 1970s, where he started part-time lecturing and took up the scholarship then to complete his doctorate.
Challenges of Higher Education
For Prof. Mohamed Ariff, the motivation stems from the challenges, in terms of quality and balance sheet. No doubt high quality education tops as the utmost concern, and quality doesn’t come cheap and easy. At SUBS, Prof. Mohamed Ariff and his team work doubly hard to reach the standards set. On the other hand, as the administrator of a private university, maintaining strong balance sheets are essential to the survival of the institution.
Asia Capital Market
Casting his sight on the Asian front, Prof. Mohamed Ariff opined that the challenges of its capital markets can be divided into two types: domestic and international. Being relatively young, as in the case of many Asian capital markets, the two main concerns are liquidity and size. “When a capital market is very small in size, the listed shares don’t turn around fast like the mature markets,” Prof. Mohamed Ariff pointed, “If the liquidity is very low, the prices formed in the market don’t reflect the fair prices. Thus, it’s not the true market price.” Asian markets are not very liquid, with the exceptions of Japan and Taiwan, he added.
Prof. Mohamed Ariff, on the hand, pointed that opportunities are tied closely to the vibrant economies of the region. Pointing to Korea as an example of a vibrant economy that is making leaps and bounds, and Malaysia as the number one Islamic financial hub which houses two-thirds of the world’s Islamic financial securities.
In response to the question of the looming financial crisis predicted about every decade, “I don’t think we should say that there’s a financial crisis every 10 years. It’s a wrong impression,” Mohamed Ariff opined that the media, financial presses particularly, may have played a role in the dissemination of such a myth.
He pointed to the 1987 crisis, dubbed The Black Monday, as share prices went down by 19 percent in Wall Street, but the chart had shown a recovery within 18 months. Whereas the
2008 financial crisis was deemed to be a banking crisis. It also arose from the poor timing and decision of the Federal Reserves’ interest rates hike.
“I don’t think there’s going to be a financial crisis of the magnitude we are talking about,” added Prof. Mohamed Ariff.
Challenges and Opportunities of Malaysia
Prof. Mohamed Ariff, the author with two books on the regional economy and investment, and numerous economic and financial articles, also gave a few pointers on the future of Malaysia’s economy. He noted, Malaysia had staged a 7.5 percent yearly high-growth rate, between 1975 and 1996, before the nation was hit by the 1997 crisis, after which minus growth lasted for one and half year. He commended on Malaysia’s speedy recovery as a
result of its capital injection policies, but cautioned that challenges such as shortage of labour force persist. “Foreign labour will not solve the problems because they are not committed,” he added.
“But we are on the trajectory to grow faster, probably more than 4 percent (grow rate). But there are opposite winds such as shortage of labour and technology. But if we have more highly skilled labour, then probably we can grow at a 6 percent rate,” Prof. Mohamed Ariff shed his hope before ending the interview on a high note.кисти для макияжа какая для чегоhtc desire desire