More than 5,000 students in 325 schools in Singapore received $50 each for one to six months from a business executive, The Straits Times reported Jan. 25.
Sim Wong Hoo, chairman and chief executive of Creative Technology, gave a total of $1.4 million to the students, part of $2 million he pledged on Dec. 31, 1999, to help needy people in the new millennium.
He gave the rest of the money to institutional homes, welfare and charity grups and more than 360 needy families referred by family service centers.
This year, he made a surprise donation of $584,000 to The Straits Times School Pocket Money Fund to help another 2,200 needy schoolchildren.
For full story, go to The Straits Times.