New Foundation To Manage Malaysia’s RM100 mill CSR Fund

Malaysian Prime Minister, Datuk Seri Najib Tun Razak, announced recently the establishment of Yayasan 1MDB, which stands for 1 Malaysia Development Bhd, to manage a RM100 million Corporate Social Responsibility (CSR) Fund.

The foundation is set to launch key initiatives in bridging socio-economic gaps in a bid to fulfilling the 1Malaysia values, Najib was reported to have said. The key initiatives will, among others, promote equal opportunity to education and quality of life for all Malaysians. Najib is also chairman of the foundation’s board of trustees.

The tagline “1 Malaysia”, is Prime Minister Najib’s slogan to unite the nation, which is currently facing some religious unrest due to some Muslims protesting the use of  the word “Allah” in a Roman Catholic periodical.