Malaysia: Government calls on corporate support for house building programme
Date: 30 Aug 2008
Invoking corporate social responsibility, the Malaysian government has called on companies to contribute to the Amal Jariah programme, with matching grants provided for each contribution up to a budget of RM100m.
The Amal Jariah programme was launched last year with the aim of repairing the homes of the poorest in the country. So far, it has repaired nearly 5,000 houses, with an aim ultimately to reach 30,000.
The government has said that it aims to encourage greater private sector participation with a widening of the scope of community projects eligible for tax deduction to include poverty alleviation and environmental protection projects.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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