Howe Yoon Chong PSA Endowment Fund
The Howe Yoon Chong PSA Endowment Fund was set up in
2008 to honour the late Mr Howe Yoon Chong, a visionary Singaporean who made
significant contributions to Singapore, including the building of
Singapore’s first container terminal.
Mr Howe was the Chairman of the then Port of Singapore Authority from 1970 to
1979. Through his astute leadership, Mr Howe transformed the port and laid the
foundation for PSA’s growth into the world’s largest container port
it is today. Mr Howe was a simple and frugal man who was always compassionate
towards the needy. To honour him, PSA has set up an endowment fund to award
bond-free scholarships to Singapore citizens.
The endowment is $16 million, with contributions from PSA, Temasek Holdings and NSL Ltd (formerly NATSTEEL LTD).
The Howe Yoon Chong PSA Scholarships aim to provide Singaporean students from
lower income families with financial assistance to upgrade themselves through
formal qualifications and/or technical skills.
Management Committee
Mr Ong Boon Hwee (Chairman)
Mr Low Sek Fun
Ms Caroline Lim
Mr Melvin Yong
Investment Committee
Mr Goh Yew Lin (Chairman)
Mr Low Sek Fun
Mr Ong Boon Hwee
Mr Lee Ming San
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