SHAH ALAM: The Youth and Sports Ministry will study a new formula to secure funds that can help in the development of sports as well as boost the sports industry in the country.
Its Minister Hannah Yeoh said the formula would ensure National Sports Associations (NSAs) to have adequate funds to take part in competitions and organise sports events that can improve the performance of athletes.
"Last week, I had discussed with the Finance Ministry and I need a formula and new ideas to secure funds for NSAs so that these associations can organise their programmes or competitions.
"We are also looking at a similar approach for the Malaysia Games (Sukma). We have to look at new approaches because in the past, the formula was Federal government gives money to states to build infrastructure like stadiums and maintenance," she told reporters after launching a new logo for the Malaysia Olympic Association (MOA), here today.
Hannah was referring to an application by the Malaysian Deaf Sports Association (MSDeaf) for funds from the government to organise the 4th World Deaf Football Championships in September this year. – Bernama