Hong Leong Foundation awarded RM3.2 million in scholarships to 96 scholars at its Scholarship Award Ceremony on 14 December 2012. Due to escalating costs of living, the Foundation has increased its educational aid to 20% across the board for each level of education, which in turn saw the scholarship value increased by 35% from last year.
The Foundation has so far funded education opportunities for more than 1,054 scholars via its scholarship programme, at a combined value of over RM19.5 million. It helps provide deserving Malaysians with solid education opportunities by funding tuition fees and other expenses. The Foundation believes that education is the most constructive way to break the cycle of poverty and offer the opportunity to make the most of oneself.
“The Hong Leong Foundation has always held that education is the strongest empowerment tool. We do a broad spectrum of educational support from academic scholarships to assistance for those doing skills training and enterprise. Poverty is not just one problem; but many problems therefore our approach towards education support has always been holistic. It is not just about the high-achievers,” said Ms. Quek Sue Yian, Director of Hong Leong Foundation.
The recipients comprise students from the general public, Hong Leong Group employees’ children and scholars living with disability. The scholarship does not carry any repayment requirement, nor are the recipients bonded to work for the Group upon graduation.
Aside from education, the Foundation is also committed to providing assistance to various schools and diverse NGOs to support community welfare projects. This year it has assigned RM1.85 million for community sponsorship to support six schools and 24 NGOs.
Speaking on the Hong Leong Foundation’s community welfare programmes, Ms. Quek explained that the Foundation has been partnering with NGOs as well as schools, to help develop more sustainable programmes and to practice good governance. It is the Foundation’s platform to help those who struggle to meet their basic needs regain their health, security and dignity.