Temasek sets up $40m fund to help Singapore prepare for emergencies
Published on Mar 24, 2014 12:01 AM
Temasek Holdings is kickstarting events to mark its 40th year by setting up a $40 million fund to help Singapore prepare for and deal with difficult situations such as emergencies.
The Temasek Emergency Preparedness (TEP) fund will give money to programmes that support people in crises including environmental disasters such as haze, or trauma from accidents.
"In Temasek we believe that if you want to do well you have to be prepared all the time," said Temasek Holdings chairman Lim Boon Heng at a media briefing last Friday.
"And so as we reflect on how we should celebrate our 40th anniversary, we thought that this is an area we should be looking at."
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