5%-10% increase in Khazanah CR initiative funding seen

KUALA LUMPUR: Khazanah Nasional Bhd will likely increase funding for its corporate responsibility (CR) initiatives this year by 5% to 10% from the RM62.4mil spent in 2012.

The Malaysia’s state investment arm said its CR initiatives last year had benefited more than 140,000 individuals across the country. Since 2004, Khazanah’s total funding for its CR initiatives stood at RM255mil, and was believed to have touched more than 500,000 lives nationwide.