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The Chua Chor Teck Memorial
Fund
The Chua Chor
Teck Memorial Fund was established
in 1986 with donations from
his family, friends, colleagues,
members of the public and corporations
in remembrance of the late Mr
Chua.
A sum of $350,000
was raised and the interests
earned were for the annual Chua
Chor Teck Memorial Lecture on
marine and marine-related industries,
especially in the fields of
marine engineering, naval architecture,
shipbuilding, ship repairing,
offshore technology, shipping
and related management topics,
and for scholarships, research
grants and any other projects.
Annual memorial
lectures were held every year
since 1986. It has benefited
more than 5,000 people, mainly
from the marine industry.
Scholarships
are given to polytechnic and
university students with condition
that they work for any company
in the marine industry first
before moving to other industries.
This is in line with Mr Chua's
urging that we must attract
talents to our industry. Recipients
are not required to sign a bond.
Projects undertaken
or funded included the collation
of good ideas put forth by shipyard
improvement teams. The ideas
were published and then disseminated
to workers who would be encouraged
to adopt the ideas and to initiate
new ones that would improve
their safety and productively.
The Fund was also used to co-fund
marine-related seminars and
development of an expertise
website with SNAMES.
The Fund is
"parked" with Singapore
Polytechnic where donations
attract no tax as it is an institution
of public character. The Fund
is managed by a five-member
Trustee Committee comprising
representatives from SNAMES,
the Singapore Polytechnic and
Mr Chua's family.
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