The embryo the UB School of Economics (FEUB) which is known today, named Economy of Higher Education Malaysia (PTEM). PTEM established by the Foundation for Economics of Higher Education Malaysia on June 27, 1957 with No Notary Act. 26 dated August 15, 1957.
PTEM established with the aim to promote and develop science in general and economics in particular, human decency and form a competent and responsible and prepare the young shoots to become experts in economics that are useful for homeland and nation.
source :http://www.feb.ub.ac.id