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Receiving the donation on behalf of Assistant Minister of Local Government and Rural Development Ms Botlogile Tshireletso, deputy director at the Department of Social and Community Development Ms Delic Sehunwe commended the church's Prayer Men's League for having chosen Masiela Trust Fund as the beneficiary of their fundraising rally.
Eric Asubonteng, while presenting the cheque covering the amount, noted that one of the major values of AngloGold Ashanti was to ensure that societies in which it operates are better off, hence, the setting up of the Trust Fund to execute projects and offer interventions to improve the lives of the people in the mine's catchment area.
Funa said Loyala Plans has the "continuing inability" to cover its capital and trust fund deficiencies, a violation under Republic Act No.
pointed to the company's continuing inability to cover its capital and trust fund deficiencies required of preneed companies under Republic Act (RA) 9829 or the Preneed Code of the Philippines.
In his speech, the President pushed for the passage of the coconut trust fund bill to uplift the lives of the coconut farmers and to develop the industry.
"In case the CAMELS rating of the bank where the trust fund was invested is below 3, the Commission may require the pre-need company concerned to transfer such trust fund to other banks having a BSP satisfactory examination rating within 30 days from receipt of such notice," the IC said.
* The year when the combined trust fund reserves are projected to become depleted, if Congress does not act before then, is 2035 -- gaining one year from last year's projection.
The DU VC hoped that poor and meritorious students would be highly benefitted by this trust fund. It may be mentioned that Taibun Nahar Rashid was a social worker, poet and writer.
Most of the women say that there is no even playing ground for women to compete for leadership positions as men," Dr Riria observed as she opened the launch of Democracy Trust Fund at the Intercontinental Hotel on Wednesday morning.
Steve Ferrari, managing director of Child Trust Funds at OneFamily, said: "In September alone, over 75,000 child trust fund children will turn 16.

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