29 Mar '11, 7am

SMU receives S$5m donation from Lippo Group

SINGAPORE: The Singapore Management University received a S$5 million donation from the Chairman of Indonesia's Lippo Group, Mochtar Riady. The Singapore Government will also give S$7.5 million in matching contributions. The funds will be used to finance two students from China and Indonesia for one academic year. The bond-free scholarship is worth S$15,000, and it will be given to deserving students in financial need. At the cheque presentation ceremony, SMU said it is renaming its auditorium to Mochtar Riady Auditorium in appreciation of the donation.

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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