Copy URL
One must not lose sight that Kwan – Kumpulan Wang Amanah Negara – is a public trust fund. This means that it is established for public purposes by the government by way of legislation which creates the trust, sets out its legal terms, and assigns rights and duties to different persons or no parties.
Section 6 of the National Trust Fund Act (Act 339) sets out the purposes for which moneys standing to the credit of the fund can be applied or used before the recent amendment vide the Emergency (National Trust Fund) (Amendment) Ordinance 2021), the purposes were:
(a) any of the purposes of the Development Fund as specified in the First Schedule to the Development Funds Act 1966 [Act 406]; and
Queen Elizabeth II : Erster Termin nach Philips Beerdigung
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Queen Elizabeth II : Erster Termin seit Philips Beerdigung & sie lächelt tapfer
bunte.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bunte.de Daily Mail and Mail on Sunday newspapers.
Little known trust fund thrust into the limelight | The Malaysian Insight
themalaysianinsight.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themalaysianinsight.com Daily Mail and Mail on Sunday newspapers.