UOB is committing $30 million to provide digital learning tools, financial aid, and scholarships, benefiting over 120,000 children and students from disadvantaged backgrounds.
Launched to celebrate the bank's 90th anniversary, this initiative will support students and children across South-east Asia through four main programs, as announced by UOB on March 3.
One programme will provide 90,000 underprivileged children in Indonesia and Vietnam with quality education as UOB collaborates with an education technology platform, the bank said.
Through this platform, children will be able to access resources in areas such as coding, computational training and digital literacy over the next three years, it added.
Another initiative, the UOB My Digital Space Programme, will equip a further 20,000 children across the region with digital learning tools and skills, UOB said.
In Singapore, 11,000 students from low-income families will receive 90 days of pocket money through The Straits Times School Pocket Money Fund (STSPMF), which they can use for school-related expenses like food, transport and other schooling activities, said the bank.
STSPMF is a community project by The Straits Times that provides pocket money to children from low-income families, to help them with school expenses as well as their social and educational development.
Pre-tertiary scholarships will also be awarded to 90 students from South-east Asia over the next few years for them to study in Singapore, UOB said, adding that the scholarship will cover their education fees and living costs.
“As we celebrate and reflect on the past 90 years, we know we could only achieve what we have because of the loyal and continuous support of all stakeholders, including the community”, said UOB Deputy Chairman and CEO Wee Ee Cheong.
“Supporting education is an investment in our collective future across ASEAN”.
The bank is celebrating its milestone with the opening of the UOB Gallery at its Main Branch in Raffles Place, which highlights the bank's role in South-east Asia’s economic and social development
