(1) The object of the Fund is to provide funding for tourism and tourism-related projects and programmes.

(2) To achieve the object of the Fund, moneys from the Fund shall be applied for relevant tourism activities as the Board may determine including in particular

(a) marketing and promotion of tourism;

(b) capacity building, market research and development of tourism infrastructure;

(c )   development and promotion of other entrepreneurial activities;

(d) tourism export trade-oriented activities of institutions; and

(e) tourism education and training.