Scholarships worth RM1.7 Million given away
Kuala Lumpur - Hong Leong Group today awarded scholarships worth RM1.7 million to outstanding students from low income families. The allocation is by far the highest in Hong Leong Group's history of giving out scholarships. At RM1.7 million in grants, nearly 80 tertiary education-bound students stand to benefit.
With the belief that education helps to improve lives, the scholarship programme was established to address the financial challenges faced by the deserving but underprivileged who would otherwise not be able to further their studies. The Group is a firm believer that education is a way to break the cycle of poverty.
"Hong Leong Group has always firmly believed that education is the key to secure bright futures not only for the individuals granted the scholarship but also for the community and the country as a whole," said Hong Leong Foundation Director, Dr. Poh Soon Sim. "We are impressed by these young adults who represent tenacity, leadership and academic success. They are excellent role models for all students who are determined to fulfil the dream of earning a degree / diploma," he added.
The Scholarship Programme is a Group effort supported by all its subsidiary companies for the benefit of the public and children of employees. RM1.2 million will go to scholarship grants for the public while RM500,000 worth of grants will go towards the education of employees' children. To-date, the Group will have disbursed over RM13.2 million to almost 800 students pursuing courses in multiple disciplines.
First initiated in 1978, the scholarship is given unconditionally, with no bond attached. There is absolutely no need to repay the grant amount which could range from RM1,500 per year for pre-university students and up to RM20,000 per year for private university students. Eligible applicants are selected based on merit and financial need.
Along with the scholarship grant, the Foundation offers its scholars the opportunity to acquire practical experience through industrial training at relevant Group subsidiary companies. The work environment exposure develops the scholars' work skills and character making them more attractive to future employers.
Hong Leong Foundation also pledges a yearly allocation of at least RM2.5 million for its other programmes which include donations to selected charity organisations nationwide under the Community Welfare Programme, as well as the provision of basic school needs to selected primary and secondary school students who come from poor families nationwide under its Student Assistance Programme.