KUALA LUMPUR: Armed Forces Fund Board (LTAT) welcomes the 12 per cent increment in budget allocation for the Ministry of Defence from RM 13.9 billion to RM15.6 billion for the 2020 fiscal year. "This increment bodes well for us given that it provides opportunities to companies under the current LTAT stable that are key participants in the maritime sector, with current projects with the Ministry," LTAT chief executive Nik Amlizan Mohamed said in a statement today. Nik Amlizan said the government’s move to expand the Bantuan Sara Hidup scheme would be great news particularly for the armed forces veterans. “Moreover, LTAT will be offering 2500 units of affordable homes in Taman LTAT Bukit Jalil to members of the Armed Forces in the coming fiscal year which should also benefit from the RTO scheme,” she said. “With people-centric measures that are solidly routed in the reality of our current economic climate, LTAT is positive that Budget 2020 will stimulate a year of shared growth,” she said.

Source: New Strait Times October 11, 2019 13:07 UTC