Keppel’s gift promotes education for financially-disadvantaged students in ITE
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Keppel Corporation celebrated its 50th anniversary and continued its tradition of giving back to the community with a $10 million donation to the Institute of Technical Education (ITE). Keppel's donation seeks to promote education for financially-disadvantaged students from ITE, and is aligned with its anniversary theme of "Shaping the Future".
Singapore's Prime Minister, Mr Lee Hsien Loong, who was the guest of honour at Keppel Corporation's 50th anniversary celebrations held at the Shangri-La Hotel this evening, witnessed the cheque presentation by Dr Lee Boon Yang, Chairman of Keppel Corporation to Mr Bob Tan, Chairman of ITE.
Keppel's donation, made through the group's philanthropic arm, Keppel Care Foundation, will be credited to the ITE Education Fund and will be matched 1.5:1 by a Singapore government grant, resulting in a total contribution of $25 million to the Fund.
The donation will be used to set up the Keppel Care Foundation Scholarship and Keppel Merit Awards. The Keppel Care Foundation Scholarship aims to recognise and reward outstanding ITE students from disadvantaged backgrounds, while the Keppel Merit Awards provide monthly financial support for deserving students from low-income families. Up to three Keppel Care Foundation Scholarships valued at $9,600 per recipient will be awarded annually, and up to 72 Keppel Merit Awards valued at $3,000 per recipient will be given out each semester. Recipients will not be required to serve a bond.
Dr Lee Boon Yang, Chairman of Keppel Corporation, said, "Keppel believes in investing in education and developing capabilities to support Singapore's growth into the future. We believe that by improving access to education, we will empower youths and maximise their potential. Keppel's donation towards the ITE Education Fund will expand the pool of financial assistance available to students, provide relief for them and their families, and encourage the students to continue to excel in their studies.
"We firmly support ITE in its mission to equip students with skills that enhance their employability in the rapidly evolving global economy, and we want to help ensure that students are able to avail themselves of the opportunities presented to them, regardless of their socio-economic standing."
Mr Bob Tan, Chairman of ITE, said, "Many students who enrol in ITE come from disadvantaged backgrounds. Providing financial assistance to these students will go a long way in helping them stay focused on their studies, instead of having to supplement family income with excessive part time work. I can't begin to tell you how much this will mean to them. We are very grateful to Keppel for their generosity. It will most definitely help to alleviate the financial burden of our students and their families. This can make a big difference in their lives and future prospects."
Keppel Care Foundation was established in 2012 to sharpen, coordinate and sustain the Keppel Group's contributions to the communities where Keppel operates. Over the years, Keppel has supported impactful initiatives aligned with protecting the environment, promoting education, arts and culture, and caring for the underprivileged. With the contribution to ITE Education Fund, Keppel Care Foundation has committed over $20 million in support of educational causes.
Beyond this donation to the ITE Education Fund, Keppel has a long-standing and holistic partnership with ITE to enhance the skills of students and help enhance their career paths. Keppel's existing programmes with ITE include offering ITE students technical skills training and apprenticeships with relevant certifications, as well as internships and career placements.
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For further information, please contact:
| Keppel Corporation Sue-Ann Huang Manager, Group Corporate Communications Tel: (65) 6413 6297 Mobile: (65) 8113 8119 Email: sueann.huang@kepcorp.com |
ITE Jailani Nathan Manager, Corporate and Media Relations Tel: (65) 6590 2025 Mobile: (65) 9871 8009 Email: jailani_nathan@ite.edu.sg |
About Keppel Corporation
With a global footprint in more than 20 countries, Keppel is a multi-business company providing robust solutions for sustainable urbanisation, to meet the growing need for energy, infrastructure, clean environments, high quality homes and offices, and connectivity.
It aims to be a global company at the forefront of its chosen industries, shaping the future for the benefit of all its stakeholders - Sustaining Growth, Empowering Lives and Nurturing Communities.
The Keppel Group of Companies includes Keppel Offshore & Marine, Keppel Land, Keppel Infrastructure, Keppel Telecommunications & Transportation (Keppel T&T) and Keppel Capital Holdings among others.
Keppel Offshore & Marine is a global leader in offshore rig design, construction and repair, ship repair and conversion and specialised shipbuilding. Its near market, near customer strategy is bolstered by a network of yards and offices worldwide.
Keppel Land contributes to changing cityscapes across Asia as a choice developer with a sterling portfolio of award-winning residential developments, integrated townships and investment-grade commercial properties. Reputed for its quality and innovation hallmark, Keppel Land is committed to develop properties that harmonise with the urban and natural landscape for desirable live-work-play environments and with enduring value for the community.
Keppel Infrastructure drives the Group's strategy to invest in, own and operate competitive energy and environmental infrastructure solutions and services.
Keppel T&T is a leading service provider in the Asia-Pacific and Europe with businesses in logistics and data centres. Its logistics division offers one-stop, integrated logistics solutions to help clients manage their entire supply chain, while the data centre division owns, acquires, develops and manages high-availability data centre facilities.
Keppel Capital is the Group's asset management arm. With assets under management of $29 billion as at end 2017, Keppel Capital has a diversified portfolio that includes real estate, infrastructure and data centre assets in key global markets.
Visit www.keppel.com.
About ITE
The Institute of Technical Education (ITE) is a post-secondary education institution established in 1992 under the Ministry of Education. As a principal provider of career and technical education, and a key developer of national occupational skills certification and standards, ITE's Mission is to create opportunities for students and adult learners to acquire skills, knowledge and values for employability and lifelong learning. ITE's Vision is to be A Trailblazer in Career and Technical Education. Our Values are Integrity, Teamwork, Excellence and Care. ITE comprises the ITE Headquarters and three ITE Colleges - College Central, College East and College West.