SINGAPORE - The Singapore Malayalee Association has raised half a million dollars for a bursary to fund tertiary education for needy students here.
The money was raised as part of the its SG50 celebrations last year.
The funds have been placed in the Singapore Malayalee Endowed Bursary, and will be disbursed by the National University of Singapore.
Those eligible for the bursary include needy Singaporeans and permanent residents - but students who are ethnically Indian will be given preference.
On Saturday (Jan 9), the association hosted a dinner at the Orchid Country Club to thank its donors. Acting Minister for Education (Higher Education and Skills) Ong Ye Kung was the guest of honour.
In the coming years, the association plans to double the bursary's amount to $1 million.