How much has Tabung Harapan Malaysia collected from foreign donors?

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Tabung Harapan Malaysia Has Received Over RM10 Million From Foreign Donors

As of the latest update, Tabung Harapan Malaysia (THM) has garnered over RM10 million in donations from international sources. The total collection for the fund has surpassed RM162 million, with contributions still being received daily from both domestic and overseas donors. The government has not yet determined a definitive closing date for the fundraising initiative.
Significant Foreign Contributions

The Ministry of Finance announced that foreign donations to Tabung Harapan Malaysia have exceeded RM10 million. This significant amount contributes to the overall impressive sum collected by the fund since its inception. The ongoing daily influx of contributions from abroad underscores the global support for the initiative.
Overall Fund Collection Status

The crowdfund has accumulated a total of RM162,326,697.87. This figure represents the collective effort of numerous patriotic Malaysians and international supporters. The Deputy Finance Minister, Amiruddin Hamzah, indicated that the collection period remains open due to the continuous flow of donations.
Purpose and Impact of the Fund

Tabung Harapan Malaysia was established to enable patriotic Malaysians to contribute towards alleviating the nation's economic burden and reducing national debt. While the collected amount is substantial, it is acknowledged that it will not be sufficient to clear all national debts, including those stemming from projects like 1MDB. The initiative originated from a citizen's desire to aid in reducing the national debt.
Donor Incentives and Launch Details

Companies making donations to THM are eligible for tax relief, as provided under Subsection 44 (6) of the Income Tax Act 1967. This provision allows for tax deductions on the total donated amount to the government. Tabung Harapan Malaysia was officially launched on May 30 by the Ministry of Finance, following various independent crowdfunding efforts by citizens aimed at assisting the government in managing its financial obligations.

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How much has Tabung Harapan Malaysia collected from foreign donors?

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