Sembcorp Marine donates $300,000 in SchoolBAG grants to Help More Needy Students
Singapore, November 14, 2008: Sembcorp Marine is pleased to announce an increase in the funding of its School Book Assistance Grant (SchoolBAG) programme from $250,000 in previous years to $300,000 this year to help more needy students and their families during the current economic slowdown.
This year, a record high of 1,492 student recipients will benefit from Sembcorp Marine’s $300,000 SchoolBAG grant package. This represents an 18.88% increase in recipients from 1,255 last year and a 13.4% rise in grant contribution as compared to $264,550 in 2007. The number of participating schools also increased from 102 schools in 2007 to 107 schools this year.
Part of Sembcorp Marine’s Community Care and Social Responsibility programme, the SchoolBAG scheme was launched in December 2001 to provide financial assistance to help low-income families subsidise their children’s basic education expenses, such as school textbooks, uniforms and stationery items.
Since the SchoolBAG programme was introduced seven years ago, more than $1.56 million in grants have been disbursed to 7,565 recipients studying in the communities around subsidiary yards Jurong Shipyard and Sembawang Shipyard.
To enable more to benefit from the SchoolBAG programme, the scheme was broadened in 2007 with the raising of the combined family income criterion from $1,250 to $1,500. Last year, the scheme was also extended to student recipients of other financial assistance not exceeding more than $200 for Primary, $400 for Secondary and $600 for Junior College/Pre-U/ITE levels.
This afternoon’s SchoolBAG presentation ceremony at Christ Church Secondary School, will witness Guest-of-Honour Mr K. Shanmugam, Minister for Law and Second Minister for Home Affairs, Member of Parliament for Sembawang GRC, presenting the grants to student representatives from the participating schools. The remaining students will receive their SchoolBAG grants through their respective schools’ principals.
Mr Wong Weng Sun, President & Chief Operating Officer of Sembcorp Marine, said, “We have increased our funding for the SchoolBAG scheme to $300,000 this year to reach out to more needy students and their families in light of the challenging economic situation. The additional SchoolBAG funding is a reflection of our continuous commitment to make a positive difference to the community as a socially responsible corporate citizen. Through this, we hope to encourage and inspire our student recipients to excel in their studies and realize their fullest potential in life.”
The SchoolBAG programme is a Community Care & Responsibility Programme initiated by Sembcorp Marine in December 2001. The scheme involves a yearly one-off lump sum financial assistance contribution to Singaporean students whose families’ combined household income does not exceed $1,500, studying full-time in government, government-aided or independent schools at primary and secondary level, junior colleges and centralised institutes.
For the PDF version of this release, please click here.
Click here for the SchoolBAG Presentation Ceremony highlights.