The year 2011 saw MDIS celebrate several significant milestones and achieve a surplus of S$26.6 million in revenue before donations and taxes. MDIS management and staff, cognisant of the many challenges posed by the very competitive environment, exercised prudent proactive management. Through the concerted efforts of everyone, MDIS achieved a satisfying financial performance where the surplus was only marginally lower than that of 2010.
I am also pleased to report that our growth in operations and infrastructure has been self-funded with no borrowings. These successes were achieved despite the abrupt withdrawal of one of our university partners. Additionally, and more importantly, there was no let up on our continuous pursuit of quality and excellence.
MDIS Integrated Campus
The S$120 million MDIS Integrated Campus project at Stirling Road is an important chapter in MDIS history. Officially launched by the former president of Singapore, Mr S R Nathan on 8 July 2011, the S$80 million 15-storey MDIS Hostel is the largest hostel in Singapore that is owned and operated by a private education institution. It is also the only hostel with Green Mark status, a testimony of MDIS’s support of the Green/environmental conservation movement. MDIS is also in the midst of a S$40 million campus expansion and upgrading plan, to cater to the institute’s globalisation plan to recruit local and international students.
Record-breaking First Class Honours Graduates
It was indeed a proud moment for MDIS in November 2011, when it set a new record of 43 graduates receiving the First Class Honours from the School of Life Sciences and the School of Management, University of Bradford, UK. This attests to the Institute’s excellent academic quality standards.
Glorious 20-year Partnership
Year 2011 also marked a glorious and successful 20-year partnership between MDIS and the Oklahoma City University, USA in delivering the mass communications programme. MDIS was the first private educational institute to introduce an American Mass Communications degree programme in Singapore in the year 1992. The programme remains well received through continuous evolution to meet paradigm shifts in social media and dynamics.
A New Initiative
The new MDIS School of Fashion and Design, in collaboration with the School of Art and Design, Nottingham Trent University, UK was established in November 2011 to offer two new programmes. The first programme, the Bachelor of Arts (Honours) in Fashion Marketing and Branding, launched in November 2011 took off to a good start. With this addition, MDIS has a total of ten Schools offering courses and programmes in various disciplines.
Caring For The Community
Caring for the community is a tradition that MDIS holds close to its heart. As part of the corporate social responsibility programme, MDIS awarded scholarships and disbursed bursaries worth approximately S$450,000 to 536 deserving recipients on 9 April 2011 at the 16th Scholarship and Bursary Awards Ceremony. For the second consecutive year in April 2011, MDIS donated S$30,000 worth of groceries and vouchers through the MDIS-Jalan Kayu Heart Strings programme to 150 needy families of the Jalan Kayu constituency. Also, a donation was made to the Jalan Kayu constituency in October 2011, in support of their community development programmes.
MDIS Tashkent (MDIST) celebrated the inaugural graduation of her graduates from the University of Wales, UK in October 2011. The inaugural graduation signified the success of MDIST as an institute of higher learning and is testimony of the excellent synergy between MDIS and the Government of Uzbekistan. Our second overseas campus in Iskandar, Malaysia is on-course to complete phase one of its establishment around 2014.
Word of Thanks
I welcome onboard a new Council Member, Mr Tan Zing Yuen whose expertise in finance and investment will undoubtedly serve us well. On behalf of the Governing Council, I also wish to record my appreciation to the late Dr Lee Fook Hong, former MDIS Trustee and Senate Member, and Dr Isa Hassan, former Council Member, who had stepped down from the MDIS Governing Council.
I express my deep appreciation to our Patron, Trustees, Senate Members and the Academic Advisory Members and thank them for their invaluable insights, guidance and contributions in steering the institute to greater success. In addition, I thank MDIS staff, lecturers, university partners, students and other stakeholders for their unwavering dedication and support to the success of MDIS. It is my privilege and pleasure to have served alongside such a great team.
While there are many challenges ahead, MDIS is well-poised to optimise growth and seize opportunities to scale greater heights in its pursuit of excellence in the private education industry.
Dr Eric Kuan