Altc Donates Rm45,000 Surplus To Five Labuan Ngos Following Successful Industry Dinner

LABUAN, Nov 29 (Bernama) -- In a gesture of community support and philanthropy, the Association of Labuan Trust Companies (ALTC) has donated RM45,000 to five local non-governmental organisations (NGOs). 

ALTC chairman Datuk Chin Chee Kee said the contribution follows a surplus of approximately RM50,000 generated from the ticket sales of the Labuan IBFC Industry Dinner 2023 held in November.

“We want to show the association's commitment to giving back to the community…we are pleased to share the proceeds from the successful Industry Dinner with five deserving NGOs in Labuan," he said at the presentation of the donations at Mariner Hotel today. 

The beneficiaries include the LIONS Club of Labuan Mandarin, SM ST Anne Parents and Teachers Association, Persatuan Autisme Labuan, Special Olympic Labuan, and Persatuan Pengiat Media Labuan.

“Recognising the challenges faced by NGOs in Labuan, ALTC hopes that these donations will make a positive impact on the recipients,” he said. 

Chin urged ALTC members and other organisations to join hands in supporting the noble causes championed by these NGOs, emphasising the importance of community collaboration.

He also highlighted the vital role played by Labuan IBFC and its industry players in contributing to the region's success and reputation. 

“ALTC remains hopeful that the government's support will persist, ensuring Labuan's status as a reputable and successful IBFC.

Chin conveyed gratitude to Labuan Financial Services Authority (Labuan FSA), Labuan IBFC, the Association of Labuan Banks, Labuan International Insurance Association, Labuan Investment Banking Association, Labuan Fintech Group, and all industry players for their support during the Industry Dinner. 

He expressed optimism that this tradition of giving back to the community will endure in the years to come, fostering a spirit of solidarity and support among Labuan's various stakeholders.

--BERNAMA