The government has allocated RM3 million to boost social economy. The RM3 million Social Outcome Fund (SOF) aims to boost financing and creativity in delivering social services in the country. Minister in the Prime Minister’s Department, Datuk Seri Nancy Shukri, launched the fund at the Social Economy and Investment Conference (SEIC) 2017 in Kuala Lumpur today. She said the investments made by corporate investors would be entitled to a reimbursement from the SOF if their investments resulted in 1.5 times or more of value in terms of cost savings for the government.

Source: Bernama