Malaysia and China to recognise mutual varsity degrees

Source: http://thestar.com.my/news/story.asp?file=/2011/10/14/parliament/9693744&sec=parliament (14.10.2011)
MALAYSIA and China have agreed to certify Bachelor’s degrees, Masters and doctorates awarded by higher learning institutions from both countries. Higher Education Minister Datuk Seri Mohamed Khaled Nordin said the decision was based on the Malaysia-China Mutual Recognition Agreement signed on April 28.
“Bachelor’s degrees, Master’s and PhD holders certified by the Malaysian Qualifications Agency would automatically be recognised in China,” he said in a written reply to Lim Lip Eng (DAP-Segambut). Lim had asked the ministry to state which higher learning institutions from China and Taiwan had been given the accreditation. Khalid said the accreditation of higher education programmes between Malaysia and Taiwan was still being discussed.
Meanwhile, those who had borrowed from the National Higher Education Fund Corporation (PTPTN) will see their administrative loans reduced from 5% and 3% to 1% if they convert their study loans to the ujrah system.
Deputy Higher Education Minister Datuk Dr Hou Kok Chung said as of Sept 30, 565,427 borrowers have converted their conventional study loans to the Islamic loan system and 435,160 qualified applicants had been asked to convert their loans to the ujrah system.