29 Mar '11, 9am

SMU gets $5 million from Lippo Group: THE Singapore Management University (SMU) has received $5 million from Ind...

SMU gets $5 million from Lippo Group: THE Singapore Management University (SMU) has received $5 million from Ind...

Lippo Group founder Dr Mochtar Riady, Senior Minister of State for Education S. Iswaran and SMU President Arnoud De Meyer at a cheque presentation and plaque unveiling ceremony. Riady donated $5, 000, 000 to SMU in aid of needy Chinese and Indonesian students. -- ST PHOTO: NG SOR LUAN THE Singapore Management University (SMU) has received $5 million from Indonesian business conglomerate Lippo Group. The amount will go towards scholarships for needy students from China and Indonesia. In recognition of the gift, SMU on Tuesday named the auditorium in its administration building along Victoria Street after Mochtar Riady, the founder and chairman of Lippo Group. The Government responded by putting $7.5 million into the SMU's kitty. Dr and Mrs Mochtar Riady and their sons, Stephen and James, were present at a cheque presentation and plaque unveiling ceremony at SMU on Tuesday. ...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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