ST School Pocket Money Fund and Challenger to provide $1 million worth of e-grants for home-based learning

SINGAPORE - In joint celebration of The Straits Times School Pocket Money Fund's 20th anniversary as well as the newspaper's 175th anniversary this year, the STSPMF is partnering IT retailer Challenger to provide $1 million worth of e-grants to 2,000 students from low-income families.Each student will receive an e-grant of $500, which they can use to purchase a range of products from Challenger, such as laptops, printers and audio devices.

Monthly school pocket money will still be given out to students from lower-income families on top of the e-grant. For instance, two tranches of top-ups totalling $1 million will be given out on top of the usual school pocket money. The first tranche of additional $50 top-ups was given out to all beneficiaries in May and a second round of top-ups will be given out in July.

Retired businessman Loh Kiong Poot donated $500,000 to the fund on Wednesday , making a donation of this size for the third consecutive year. Stock brokerage firm UOB Kay Hian donated $600,000, while veteran banker Edmund Koh and his wife, Wong Poh Choo donated $500,000 to the fund.

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