Bill allowing LTAT to stash funds in overseas banks passed

PARLIAMENT | Legal amendments giving the Armed Forces Fund Board (LTAT) broader investment powers have been passed in the Dewan Rakyat with a voice vote.

It will allow the board - which manages pensions for veterans - to deposit monies in local or overseas banks and financial institutions as investments, among other measures.

Other investment measures now open to LTAT in Malaysia or abroad include acquiring...