Investor
Relations

News

SPH and its foundation give $400k to charity (ST)

BackAug 05, 2010

SINGAPORE Press Holdings, as well as its charity arm, SPH Foundation, yesterday donated a total of $400,000 to 20 charities, as part of its annual effort in charity giving.

Ten of these charities help the elderly while the other 10 deal with children and youth, and each will receive $20,000.

Speaking at the event, held at the SPH News Centre auditorium in Toa Payoh North, Dr Tony Tan, chairman of both SPH and SPH Foundation, said: 'In our pursuit of corporate excellence, we have not forgotten the importance of being a good corporate citizen to help the less fortunate in our society.'

He added that the SPH group contributed more than $6 million last year to different charities through various fund-raising activities and direct grants from the company and foundation.

He expects the total contribution to be even higher this year. This will come from various initiatives, including the Straits Times School Pocket Money Fund, which plans to raise $5 million this year.

Next month, the company's Chinese Newspapers Division will be organising a Tang Dynasty Fashion show to raise $150,000 for the President's Challenge.

President of the National Council of Social Service Kwek Siew Jin, who received the donation on behalf of the charities, said the money would help serve the needs of about 15,000 beneficiaries.

Dr Tan added: 'As Singapore emerges from the economic crisis, let us not forget that there are still many who need a helping hand.'