Jardine Cycle & Carriage to launch regional university scholarship programmes

Jardine C&C has significant interests in Vietnam, including 26.6% in Truong Hai Auto Corporation

Reaffirming its commitment to grow alongside Southeast Asia, Jardine C&C established university scholarship programmes to sponsor the tuition fees of students in Singapore, Indonesia, Malaysia, Vietnam, Thailand and Myanmar. Through a series of endowments and donations that are long-term in nature, Jardine C&C’s support for the partnering education institutions will run in perpetuity or for a sustained period of eight to 12 years. In the next 10 years, about 70 Southeast Asian undergraduates will receive the Jardine Cycle & Carriage scholarships.

The partner universities are National University of Singapore, Universitas Indonesia, University of Malaya, Vietnam National University, Chulalongkorn University and University of Yangon. The scholarships are open to undergraduate students pursuing degrees across a broad range of disciplines. Selection criteria include excellent academic performance, high commitment to the performance of public duties, strong community involvement and household income. The first intake will start in August 2019.

Alex Newbigging - Jardine C&C Group Managing Director

Commenting on the regional scholarship programme, Alex Newbigging, Jardine C&C Group Managing Director said, “By improving access to education and working together with our partner universities, our aim is to help build stronger and more prosperous communities across the region. The Jardine Cycle & Carriage Scholarship also reflects our investment strategy - long-term and focused on the development of Southeast Asia. We hope that this initiative will enrich the local educational institutions. In addition, the scholarships aim to unlock the potential of Southeast Asian talents as they further their education, use the opportunity to advance their local communities and drive development”.

Jardine C&C has a three-decade tradition of supporting higher education. It has previously provided significant funding for university professorships as well as undergraduate scholarships. The Jardine Cycle & Carriage Professorship, established in 1984, is the longest running professorship in the National University of Singapore. Jardine C&C was also one of the founding donors of the Lee Kuan Yew School of Public Policy as well as the Singapore Management University when these institutions were first set up.

Jardine C&C’s support for education underscores its deep-rooted commitment to the businesses and communities. Over the past 120 years, Jardine C&C has built a strong portfolio of leading businesses. Jardine C&C has significant interests in Vietnam, including 26.6% in Truong Hai Auto Corporation, 24.9% in Refrigeration Electrical Engineering Corporation and 10.6% in Vinamilk.