$2 million to support bursaries from Mr Choo Chong Ngen
Nanyang Technological University has received a gift of $2 million from local hotel group owner, Mr Choo Chong Ngen, to benefit needy students.
Mr Choo’s daughter, Carolyn, had graduated with First Class Honours from NTU’s Nanyang Business School in 1999. The appreciative father decided to make a gift to Carolyn’s alma mater to mark his 60th birthday.
Mr Choo himself never had a chance for a formal education. As a child, his family was not well off and his parents could not send him to school. Whatever he knew, he taught himself. And he made it through courage, survival instincts and an indomitable spirit.
He set up a local hotel chain in 1996 to provide comfortable and affordable accommodation. Today, he has Carolyn to help him in the running of his business, with 33 locations across the island under the V Hotel Management and Hotel 81 Management Group.
When choosing to designate his first philanthropic effort, Mr Choo was specific in his objectives. He witnessed the transformative power of education in Carolyn and attributes her achievements today to a good education.
Having been deprived the privilege of an education when he was young, Mr Choo now aspires to create a level playing field for financial disadvantaged students, to help them realise their potential through higher education.
With Singapore Government matching at 1:1.5, the endowed Hotel 81-Choo Chong Ngen Bursary Fund stands at $5 million. It will annually support 40 bursaries of $5,000 each for NTU undergraduate students university-wide.
Said Mr Choo, “I want to empower students to take charge of their own lives, and with the education that they receive and give back to society as responsible corporate citizens.”
Wang Meng Meng
Assistant Director (Media Relations)
Corporate Communications Office
Nanyang Technological University
Tel: (65) 6790 6681
About Nanyang Technological University
A research-intensive public university, Nanyang Technological University (NTU) has 33,500 undergraduate and postgraduate students in the colleges of Engineering, Business, Science, and Humanities, Arts, & Social Sciences. In 2013, NTU will enrol the first batch of students at its new medical school, the Lee Kong Chian School of Medicine, which is set up jointly with Imperial College London.
NTU is also home to four world-class autonomous institutes – the National Institute of Education, S Rajaratnam School of International Studies, Earth Observatory of Singapore, and Singapore Centre on Environmental Life Sciences Engineering – and various leading research centres such as the Nanyang Environment & Water Research Institute (NEWRI) and Energy Research Institute @ NTU (ERI@N).
A fast-growing university with an international outlook, NTU is putting its global stamp on Five Peaks of Excellence: Sustainable Earth, Future Healthcare, New Media, New Silk Road, and Innovation Asia.
NTU has a satellite campus in Singapore’s science and tech hub, one-north, and is setting up a campus in Novena, Singapore’s medical district.
For more information, visit www.ntu.edu.sg