KUALA LUMPUR (BERNAMA) – The staff at Malaysia’s national palace, the Istana Negara, on Friday (July 27) banded together to launch the collection of funds to help pay the country’s national debt.
Comptroller of the Royal Household Wan Ahmad Dahlan Ab Aziz said the launching of the Tabung Harapan Malaysia (THM) at the Istana Negara was a manifestation of the solidarity of the 650 members of the palace staff, following a move by the Malaysian King Sultan Muhammad V to contribute 10 per cent of his allowances and emoluments each month to the fund.
Prime Minister Mahathir Mohamad, soon after winning the May general election, set up THM -Harapan Fund Malaysia – to help pay for the country’s debt of RM1 trillion (S$340 billion).
Th…
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