News

Government Amends National Trust Fund Act

KUALA LUMPUR, April 21  — The government has approved amendments to the National Trust Fund (KWAN) Act 1988 (Act 339), which allows funds from KWAN to be used for the procurement of vaccines and any expenditure incurred in relation to the vaccines.

This is based on the Emergency (National Trust Fund) (Amendment) Ordinance 2021, which comes into operation today, through the Federal Government Gazette published by the Attorney General’s Chambers today.

The ordinance, amended in Section 6, was promulgated by the Yang di-Pertuan Agong, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, on April 14 pursuant to Clause (2B) of Article 150 of the Federal Constitution.

The Yang di-Pertuan Agong is satisfied that immediate action is required to amend the National Trust Fund Act 1988.

The new subsection states that “the procurement of vaccines and any expenditure incurred in relation to the vaccines for an epidemic of any infectious disease as specified under the Prevention and Control of Infectious Diseases Act 1988 (Act 342)”.

On Jan 12, Istana Negara, in a statement, announced that the Yang di-Pertuan Agong consented to the Proclamation of Emergency to be implemented nationwide until Aug 1, as a proactive measure to curb the spread of COVID-19 in the country.

Sources: BERNAMA

Adib Mohd

Recent Posts

TV Sarawak Is Leveling Up, From Kuching to the World with Spotlight 25/26

Since its debut in 2020, TV Sarawak (TVS) has been rewriting what it means to… Read More

16 hours ago

Skechers Steps Up the Game with New Basketball Collection

Skechers, The Comfort Technology Company™ and a global leader in lifestyle and performance footwear, has… Read More

16 hours ago

LexisNexis Brings AI Legal Sidekick to Malaysia with Protégé

Move over Suits, the future of law just got an AI upgrade. LexisNexis has officially… Read More

17 hours ago

BJAK Turns Insurance Renewals into Rewards with RM100,000 Mega Giveaway This 10.10

Renewing insurance and road tax is often a last-minute hassle, but BJAK, Malaysia’s largest online… Read More

21 hours ago

SHANTEA Dessert Opens First Outlet at Mid Valley, Serving Malaysian Culture Through Sweet Creations Ahead of Visit Malaysia 2026

Malaysian flavors stepped into the spotlight today as SHANTEA Dessert officially opened its first outlet… Read More

21 hours ago

Energea Powers Up Malaysia with Bold Tangerine Collection and Next-Gen Hybrid-Solid State Powerbank

Energea, the lifestyle-driven power solutions and tech accessories brand, has officially introduced two groundbreaking innovations:… Read More

22 hours ago

This website uses cookies.