Celebrating 50 years

August 2018

In commemoration of its 50^th anniversary, Keppel Corporation made a donation of $10 million to ITE to promote education for financially‑disadvantaged students. The cheque presentation was witnessed by Prime Minister Lee Hsien Loong (centre), and presented by (from L-R) Mr Loh Chin Hua, CEO of Keppel Corporation and Dr Lee Boon Yang, Chairman of Keppel Corporation, to Mr Bob Tan, Chairman of ITE, and Ms Low Khah Gek, CEO of ITE

Keppel Corporation celebrated its growth story at the company’s 50^th anniversary Gala Dinner on 3 August 2018. To commemorate this occasion, Keppel made a $10 million donation to the Institute of Technical Education (ITE) to promote education for financially disadvantaged students from ITE. At the Gala Dinner, Prime Minister Lee Hsien Loong witnessed the cheque presentation by Dr Lee Boon Yang, Chairman of Keppel Corporation, to Mr Bob Tan, Chairman of ITE.

Keppel’s donation 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.

Dr Lee 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.”

Mr Tan, Chairman of ITE, added, “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.”