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Indonesian tycoon donates $1m, pledges another $1m to fund scholarships at SMU

Published on Aug 18, 2014 12:49 PM

SINGAPORE - Indonesian tycoon and chairman of the Mayapada Group, Dr Tahir, announced on Monday that he would set up a $1 million scholarship to help lower-income Singaporeans studying at the Singapore Management University (SMU).

This is on top of a $1 million donation that the 62-year-old banker, who goes by a single name, has made to SMU to set up a scholarship for Indonesian students. The Tahir Indonesian Scholarship will be awarded to one undergraduate each year, and is valid for four years.

"Education can represent the building up of a nation. I always have high appreciation for the Singapore government because I graduated from Singapore, from Nanyang University," Dr Tahir said at a ceremony to sign an agreement for the Tahir Indonesian scholarship with SMU president Professor Arnoud De Meyer.

"This million is for Indonesians, but I don't want to be so selfish and so narrow. So I'd like to give another million to SMU for the Singapore students," Dr Tahir told reporters after the ceremony.

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