Top tycoons set up RM100mil fund for vernacular, mission schools
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Tuesday, September 27, 2011
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KUALA LUMPUR: Here is a piece of good news for vernacular and mission schools.
The country's top business tycoons have set up a charity foundation, known as the Community Chest, that would meet the educational needs of the Chinese and Indian communities.
The fund, which would have at least RM100mil a year, would benefit Chinese and Tamil-national type schools and mission schools in the country.Prime Minister Datuk Seri Najib Tun Razak, who launched the fund Monday, lauded the move saying it was a creative solution to ensure quality education in the country,
The Community Chest will be managed by a Board of Trustees and chaired by Genting Malaysia chairman and chief executive Tan Sri Lim Kok Thay.
Sixty -one schools nationwide received the initial round of funding totaling RM26.1mil Monday.
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