SINGAPORE – Singapore-based global palm oil company Wilmar International and its chairman Kuok Khoon Hong will donate a total of $3 million to The Straits Times School Pocket Money Fund (STSPMF).
The agribusiness group and Mr Kuok, who is also its chief executive, will each contribute $500,000 annually from 2026 to 2028, the fund and the company said in a joint statement on March 31.
The donation will go towards providing school pocket money for primary, secondary and post-secondary students from low-income families. About 10,000 students benefit from the fund each year.
