Did the RM15 million grant cover all PEMANDU Corp activities?

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The RM15 Million Grant Was Allocated for All PEMANDU Corp Activities, Not Exclusively for the Global Transformation Forum

The RM15 million grant provided by Putrajaya was designated for all of PEMANDU Corp's activities, with a portion of these funds being channelled to finance the Global Transformation Forum (GTF) 2017. The organising chairman of the GTF, Nishan Veerakumar, clarified that this RM15 million was not the sole expenditure for the forum itself, as the event's costs were covered by multiple revenue streams.
Funding Allocation and GTF Financing

PEMANDU Corp received a total of RM15 million from the government to cover its operational expenses and various initiatives. As PEMANDU Corp was responsible for the financial management of the GTF, some of this allocated RM15 million was directed towards supporting the forum. However, Nishan Veerakumar explicitly stated that the RM15 million did not represent the entirety of the GTF's expenditure, countering assumptions that the grant was solely for the forum and covered all its costs.
Revenue Streams for the Global Transformation Forum

The financing for the Global Transformation Forum comprised three primary revenue streams: government sponsorship, corporate sponsorships, and ticket sales. Veerakumar highlighted that for the 2017 edition, corporate sponsorship contributions were proportionally lower compared to the 2015 forum. This reduction necessitated a greater reliance on government sponsorship and revenue generated from ticket sales to bridge the financial gap and cover the event's overall expenses.
Increased Scale and Cost of the 2017 Forum

The Global Transformation Forum in 2017 experienced an increase in its overall cost due to a significant expansion in its scale and stature. This enhanced profile was reflected in the engagement of more prominent international speakers, the utilisation of a larger venue to accommodate delegates, and a comprehensive international marketing and sales campaign. These factors contributed to a higher expenditure compared to previous iterations of the forum.

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Did the RM15 million grant cover all PEMANDU Corp activities?

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