Welfare homes struggling, in desperate need of funds

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LONDON (Reuters) - Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in a report on Monday.

PETALING JAYA: Local welfare homes are increasingly being strained by dwindling funds and resources, exacerbated by the economic downturn and the aftermath of the Covid-19 pandemic.Lighthouse Children’s Welfare Home co-founder Jacinta Steven said the home has been facing a critical shortage of funds and that its five employees and 35 children were surviving on instant noodles and biscuits most of the time.

“Before the pandemic, we were funded by foreign expatriates from the oil and gas industry, but this has stopped,” she said. Currently, the home is hoping to get a new van to ferry its residents, especially those using wheelchairs, after its old vehicle broke down.“We cannot borrow money or take loans from the banks. We rely solely on donations, but it’s difficult to raise funds.”Its president V. Girithren said the home, with nine senior citizens and 27 children including special kids, experienced a steep 40% drop in donations since the Covid-19 pandemic in 2020.

 

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