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Temasek Foundation Annual Report 2014/2015
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Innovation & FocusBUILDING A SHARED FUTURE IN ASIATEMASEK FOUNDATION ANNUAL REPORT 2014/2015
Temasek Foundation Annual Report 2014/2015
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CONTENTS
04 Chairman’s Message
08 Board of Directors & Advisors
12 Building People: Health Care
18 Building People: Education
24 Building Bridges between Peoples
32 Building Institutions of Excellence
40 Rebuilding Lives & Livelihoods
44 Overview of Grants & Outreach
47 Our Partners
62 Financial Statements
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ABOUT TEMASEK FOUNDATION
Set up by Temasek, an investment company
based in Singapore, Temasek Foundation is a
Singapore philanthropic organisation that seeks
to build a more prosperous, stable and connected
Asia through building human and social capital.
Working with expertise institutions from Singapore
and the region, we support training programmes
that build capabilities in health care, education,
public administration and disaster-response, and
programmes that promote positive networks of
cooperation in and across communities in Asia.
WHAT WE DO
Engage Communities, Enable Partners,
Support Programmes to
Build People in Health Care
Build People in Education
Build Bridges between Peoples
Build Institutions of Excellence
Rebuild Lives & Livelihoods Affected by Natural Disasters
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A leader is best when people barely know he exists. When his work is done, his aim fulfilled, they will say ‘we did it ourselves.’”
Lao Tzu
“
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Chairman’s Message
…many of the focus areas of Temasek Foundation’s work – education (in particular technical and vocational education), public policy and administration, urban governance and management, international trade, and so on – are inextricably linked to Mr Lee’s foresight, vision and hands-on leadership in these areas.”
“
As we entered the last quarter of Financial
Year 2014/2015 and into calendar year
2015, we in Singapore experienced
the gradual ramping up of events to
commemorate 50 years of Singapore’s
nationhood. As a small island nation, with
no hinterland and no resources other than
our people, Singapore owes its current
success to our pioneer generation of
leaders and people who sacrificed much
and worked hard. Our pioneer leaders had
the foresight to invest in our people in
education and health care, to build public
institutions to support the development
of Singapore well beyond the pioneer
phase, to develop urban Singapore as a
liveable and sustainable city, to promote
international trade and attract foreign
investments to drive our economy, and to
imbue values such as integrity, meritocracy
and multi-racialism.
The last quarter of the financial year also
saw the passing of Singapore’s first Prime
Minister and our nation’s founding father,
Mr Lee Kuan Yew on 23 March 2015. We at
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Temasek Foundation joined the nation to
mourn our loss. Leaders from across the
globe paid tribute to Mr Lee, recognising
his pivotal role in the development of
modern Singapore and his considerable
contributions in the areas of international
economy, development and relations in
Asia and, indeed in the world. For us at
Temasek Foundation, he was a leader who
fought hard to build modern Singapore,
a man utterly devoted and dedicated to
Singapore, and a man whom we are deeply
indebted and grateful to and immensely
proud of. It is no coincidence that many of
the focus areas of Temasek Foundation’s
work – education (in particular technical
and vocational education), public policy
and administration, urban governance and
management, international trade, and so
on – are inextricably linked to Mr Lee’s
foresight, vision and hands-on leadership in
these areas. We are indeed honoured and
privileged to facilitate the sharing of the
development journeys and promote mutual
learning with our friends and neighbours
in the region, and in this way, play a small
part in furthering the legacy of Mr Lee and
his pioneer leadership team.
For Financial Year 2014/2015, Temasek
Foundation supported 42 programmes
with a total grant commitment of S$19.5
million. Although there is a slight drop
in total grant commitment from the
previous year, the number of programmes
supported remains above 40. Our partners,
especially the partner institutions from our
host communities and our steady content
partner institutions from Singapore, have
continued to contribute high levels of
co-funding towards the programmes. This
has enabled us to stretch our funding.
My team and I are deeply grateful for the
steadfast leadership and active ownership
of the programmes shown by our partner
institutions.
The past financial year has also been
one of finding the right balance between
keeping focus and innovating in new
programmes. This is not something that
happens as a matter of course. Given the
resources available, we worked at getting
this balance right. In 2007, we started off
by supporting programmes in many areas
within our mandate. In subsequent years,
we honed in on a few core areas according
to the needs of our host communities.
Technical and Vocational Education and
Training (TVET) continues to be a focus
area for us as requests for collaborations
continue to stream in. In Financial Year
2014/2015, we supported 9 programmes
with a total grant of S$4.2 million in this
area. Building capabilities in nursing is also
a focus area – we supported 5 programmes
with a total grant of S$2.7 million.
Beyond these two core areas, we recognise
that there are many other programmes
that are relevant and useful to our host
communities. Continuing on our journey
of innovation, in 2011, we began to focus
more on the areas of urban management
and public administration. Many cities in
Asia are growing at such a rapid pace
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Chairman’s Message
that pose potentially serious challenges
in urban management issues like housing,
water, transport and in the larger scale
of things, the environment. At the same
time, many communities in Asia are
enhancing their public institutions to lead
their development efforts more effectively.
To meet these needs, we have stepped
up our programmes in these areas. For
Financial Year 2014/2015, we supported
4 programmes with a total grant of S$1.8
million in urban management and another
9 programmes with a total grant of S$4.3
million in public administration.
Balancing between focus and innovation
can throw up interesting potential
dilemmas in grant allocation. On the
one hand, we need to keep focus to
achieve longer-lasting impact through
our programmes. By “gnawing” at an area
one bit at a time, our partner institutions
work together to bring about systemic,
institutional and community-wide
improvements. This has clearly been our
experience in many of our programmes.
For instance, in two public policy and
administration programmes that we
supported through the Monitoring Office
of Programme 165 of the Government
of Viet Nam since 2012, some of the 250
leaders trained have adapted their learning
and implemented changes in attracting
foreign investment, and in training of public
officials, and have also made amendments
to laws relating to women’s rights. We are
pleased to support a third programme
in Viet Nam targeted at senior central
government leaders. In another example,
our partnership with the Bangalore Water
Supply and Sewerage Board in India on
the recycling and reuse of waste water has
yielded the production of a communication
booklet for public outreach, information
and education on water use. Their officials
are in the process of developing a tender
documentation for a water reuse plant.
We have now committed funds for a
second programme to build capabilities
in governance for water projects and in
sustainable water management.
On the other hand, it is important for
us to keep innovating and trying new
programmes in tandem with newly-
identified needs or programme areas. In
the past Financial Year, we created three
new leadership programmes.
In Bangladesh, we are supporting the
training of public officials to transform
e-Government service design and
delivery. In Lao PDR, senior officials are
learning to design, develop and deliver
a leadership programme to nurture and
develop emerging leaders for their civil
service. We are also supporting a new
executive leadership programme for top
public health leaders from across Asia on
health care governance, leadership and
management.
In the spirit of fostering innovation
among youth leaders, our pilot Temasek
Foundation Specialists’ Community Action
and Leadership Exchange (TF SCALE)
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programme was completed last year with
success. A total of 299 polytechnic and
technical institute students from Cambodia,
Indonesia, the Philippines, Singapore,
Thailand and Viet Nam participated in
joint learning and community projects. The
feedback from the students has been so
inspiring that we have decided to support
the programme for a second year. I am
pleased to share that we will have all five
polytechnics in Singapore on board this
second edition of TF SCALE, and we look
forward to welcoming a new batch of
student leaders in the new Financial Year.
As we conclude another Financial Year
of the foundation’s work, I thank all our
partners in the host communities and in
Singapore for their leadership, innovation
and diligence in developing and running
the programmes. I also thank Temasek and
Temasek Trust for entrusting us with such a
meaningful enterprise, and my fellow Board
Directors for their insights and active
participation in our collective conversations
and decisions. Last but not least, thanks
go out to our staff team who takes on the
arduous tasks of working out the details
with our partners, piecing information for
the Board to gain useful insights and make
appropriate decisions, and keeping us
focused even as we innovate. Together, let
us continue to build a shared future in Asia.
MR GOH GEOK KHIM, CHAIRMAN
MARCH 2015
Balancing between focus and innovation can throw up interesting potential dilemmas in grant allocation. On the one hand, we need to keep focus to achieve longer-lasting impact through our programmes… On the other hand, it is important for us to keep innovating and trying new programmes in tandem with newly-identified needs or programme areas.”
“
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Board of Directors
CHAIRMAN
Goh Geok Khim
Singapore
Executive Chairman
G.K. Goh Holdings
DEPUTY CHAIRMAN
Jennie Chua
Singapore
Chairman
Alexandra Health Pte Ltd
BOARD DIRECTOR
Christopher Cheng
Hong Kong SAR, China
Chairman
Wing Tai Properties Ltd
BOARD DIRECTOR
Tan Sri Faizah Mohd Tahir
Malaysia
Director
Amway (Malaysia) Holdings Berhad
BOARD DIRECTOR
Goh Yong Siang
Singapore
Managing Director
Stratagem Group Pte Ltd
BOARD DIRECTOR
Khoo Boon Hui
Singapore
Senior Advisor to the Ministry of
Home Affairs, Singapore
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Advisors
BOARD DIRECTOR
Ong Boon Hwee
Singapore
Chief Executive Officer
Stewardship Asia Centre(Retired as Board Director on 25 August 2014. Appointed Advisor on 26 August 2014.)
ADVISOR
Tan Sri Azmi Wan Hamzah
Malaysia
Director
Halfmoon Bay Ventures Limited
BOARD DIRECTOR
Tony Tan Caktiong
Philippines
Chairman
Jollibee Foods Corporation
ADVISOR
Dr Law Song Seng
Singapore
Former Chief Executive Officer
Institute of Technical Education
(1992-2007)
BOARD DIRECTOR AND CHIEF
EXECUTIVE OFFICER
Benedict Cheong
Singapore
PROGRAMME ADVISOR
Ira Puspadewi
Indonesia
Chief Executive Officer
PT. Sarinah (Persero)
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Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.”
Thomas Edison
“
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Building People: Health Care
Programme Grants
FY 2014/15
S$4.1m CUMULATIVE TOTAL
S$23.3m
Programmes
FY 2014/15
8 CUMULATIVE TOTAL
43
Percentage of grants
FY 2014/15
21% CUMULATIVE TOTAL
15.9%
Through this programme, I hope that Muhammadiyah will be able to
establish good training centres spread all around in Indonesia, and
that, in partnership with other partners, Muhammadiyah will be able to
play a leading role in providing life support. My hope is that someday,
Indonesia will have a national council for life support training, so that
there will be consistent standards of life support training modules
among different healthcare providers.”
DR CORONA RINTAWAN, MD, Emergency Response DivisionCentral Board of Muhammadiyah Disaster Management Centre(A participant of the Temasek Foundation health care programme in Indonesia)
“
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“The training programme is not just about enhancing our professional
knowledge. It is also about enriching the academic and cultural exchange
between fellow professionals between Singapore and China. Besides
expanding our views and improving our knowledge, the biggest achievement
was the change in our long-term vision. Looking ahead, we will be able to
combine our training knowledge to improve and enhance service standards in
health care.”
MS WANG XIAO JUANDeputy Director of Nursing, General Hospital of Ningxia Medical University(A participant of the Temasek Foundation nursing programme in Ningxia Province, China)
“
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PROGRAMMES:Nursing Management
The health care sector is constantly evolving and nurses are always learning new skills to remain at the forefront of patient care in the community.
In the past Financial Year, Temasek Foundation partnered leading health care institutions and nursing schools in Singapore to provide five training programmes in nursing management, nursing pedagogy and specialised nursing disciplines in China, Sri Lanka and Thailand.
NURSING MANAGEMENT
Where Participants Programme Focus Partners
1 China (Chongqing Municipality)
120 nurse leaders and specialists
Nursing management, pedagogy and clinical skills update in Emergency, Gerontology and Medical-Surgical Nursing
China
Chongqing Municipal Health and Family Planning Commission
Singapore
Nanyang Polytechnic International
2 China
(Ningxia and Qinghai Provinces)
422 nurse leaders and specialists
Nursing management systems and clinical strategies for the enhancement of nursing
China
Health Department of Ningxia Province
Health Department of Qinghai Province
Singapore
Singapore Health Services
3 China (Shanghai)
80 nurse leaders
Nursing competency and pedagogy training
China
Shanghai Municipal Public Health Bureau
Fudan University
Singapore
Ngee Ann Polytechnic
4 Sri Lanka 120 nurse leaders and specialists
Nursing management, pedagogy for the enhancement of health care, and skills update in Critical Care, Emergency and Gerontology Nursing
Sri Lanka
Ministry of Health and Indigenous Medicine
Singapore
Nanyang Polytechnic International
5 Thailand 100 leaders and nurse managers
Nursing care and management in nursing colleges and hospitals
Thailand
Ministry of Public Health
Singapore
Nanyang Polytechnic International
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Health Care Management
Hospitals and public health care systems are complex organisations to manage, and good
leadership and management can go a long way to bring about high quality patient care.
As part of our on-going efforts to innovate and create programmes aligned with newly-
identified needs, Temasek Foundation is supporting its first health care governance and
leadership executive programme for senior public officials in Asia. The programme will
provide a platform for health care leaders in Asia to build networks of cooperation and
share knowledge in public administration, leadership and management of health care
policies, implementation strategies and practices.
The foundation has also teamed up with Singapore’s Tan Tock Seng Hospital to run
programmes in Cambodia and Indonesia focusing on trauma injury care and life support
resuscitation skills.
HEALTH CARE MANAGEMENT
Where? Participants Programme Focus Partners
1 Cambodia 168 doctors and nurses
Basic skills in trauma and resuscitation to improve care and treatment of trauma injury
Cambodia
Calmette Hospital
Ministry of Health
Singapore
Tan Tock Seng Hospital
2 Indonesia 150 nurses and medical specialists
Life support resuscitation training to strengthen emergency incident management in hospitals in East Java
Indonesia
Health Agency of East Java
Indonesian Red Cross Society
Muhammadiyah Organisation
Singapore
Tan Tock Seng Hospital
3 Asia-wide 100 top-level public and non-profit officials
Practitioner-based health care governance and leadership for senior public officials
Government ministries and health care agencies in Asia
Singapore
Singapore Health Services
National Healthcare Group
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Building People: Education
Programme Grants
FY 2014/15
S$5.3m CUMULATIVE TOTAL
S$61.1m
Programmes
FY 2014/15
11 CUMULATIVE TOTAL
96
Percentage of grants
FY 2014/15
27.2% CUMULATIVE TOTAL
41.6%
We would like to thank Temasek Foundation for the strong support they have
given us since our first collaboration in 2012 and for the continued support
for this new technical cooperation. We are confident that this collaboration
will further strengthen the relations between Myanmar and Singapore, and
deepen our collective efforts to work towards realising the ASEAN Economic
Community.”
U MYO AUNGDirector General, Department of Labour, Ministry of Labour, Employment and Social Security, Myanmar(Host community partner of the Temasek Foundation TVET programme in Myanmar)
“
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TECHNICAL AND VOCATIONAL EDUCATION AND TRAINING
Where Participants Programme Focus Partners
1 China (Fujian Province)
216 leaders and specialists
Educational leadership and curriculum to improve the training standards and institutional systems of TVET colleges
ChinaFujian Provincial Education Department
SingaporeNanyang Polytechnic International
2 Indonesia (Batam)
41 leaders, curriculum developers and polytechnic specialists
Curriculum development and design, and technical training for ship building and design
IndonesiaCoordinating Ministry for Economic Affairs
Batam Polytechnic
SingaporeITE Education Services
3 Malaysia 55 leaders and master trainers, and 100 specialists
Training pedagogy and techniques, and technical training in electrical installation and precision to further the development of TVET
Malaysia Ministry of Youth and Sports
Ministry of Education
SingaporeITE Education Services
4 Myanmar 100 specialists
Design and development of national qualifications framework to establish common referencing of TVET skills across industries
Myanmar
National Skill Standard Authority, Department of Labour
SingaporeSingapore Polytechnic
PROGRAMMES:Technical and Vocational Education and Training
Technical and Vocational Education and Training (TVET) is an integral part of a holistic
national education system. It develops not just technical knowledge, but also skills that are
integral across a wide variety of economic sectors.
This area of training has remained as one of the key priorities of Temasek Foundation’s
funding of education capability programmes. For FY2014/2015, the foundation has
committed funding to train about 1,000 leaders and specialists in curriculum, pedagogy,
and technical training in areas such as ship building and design, and electrical installation
and precision.
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TECHNICAL AND VOCATIONAL EDUCATION AND TRAINING
Where Participants Programme Focus Partners
5 Philippines 120 leaders and specialists
Design thinking methodology for curriculum and learning competencies for the engineering education sector
PhilippinesPhilippines Association of State Universities and Colleges
SingaporeSingapore Polytechnic
6 Philippines 75 leaders and specialists
Design and implementation of industry-based training programmes
PhilippinesTechnical Education and Skills Development Authority
SingaporeITE Education Services
7 Viet Nam 75 leaders and specialists
Leadership management skills, curriculum design, development and assessment, and pedagogy for master trainers
Viet NamDepartment of Education and Training, Ho Chi Minh City
SingaporeITE Education Services
8 Asia-wide Up to 250 leaders and specialists
Regional conference to promote greater learning and networking among TVET professionals in Asia
Government ministries, vocational and technical institutes across Asia
SingaporeInstitute of Technical Education
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English Language Capability
Communities have shared with the foundation that English is widely used in their business
communication for networking, negotiating and exchange of information globally, and is
thus important for leaders and specialists alike.
To provide students with a good foundation in learning English Language, Temasek
Foundation is supporting the efforts of school leaders and educators in Indonesia and
Thailand to design and customise materials and methodology in the teaching of English
Language.
ENGLISH LANGUAGE CAPABILITY
Where Participants Programme Focus Partners
1 Indonesia 80 leaders and English Language lecturers
Design and develop curricula, materials and methods to promote student-centred learning for tertiary level English Language classes
IndonesiaMuhammadiyah Organisation
SingaporeNational University of Singapore (Centre for English Language)
2 Thailand 51 master teachers
Techniques in the teaching of science curriculum in English Language
ThailandThe English Institute of the Office of Basic Education Commission, Ministry of Education
SingaporeSoutheast Asian Ministers of Education Organization Regional Language Centre
“It was a great experience that I will share to my students and colleagues in
Thailand. English in a classroom is not too difficult any more … I am sure that if
I apply knowledge and techniques from what I have learned, my students will
have more chance to practice both their English and thinking skills. Science
classroom would be wonderful for Thai students.”
MS SUTTEEWUN PIROMScience teacher, Thakhumngen Wittayakarn School, Thailand(A participant of the Temasek Foundation English Language capability programme in
Thailand)
“
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Building Bridges between Peoples
Programme Grants
FY 2014/15
S$3.4m CUMULATIVE TOTAL
S$20.1m
Programmes
FY 2014/15
9 CUMULATIVE TOTAL
45
Percentage of grants
FY 2014/15
17.4% CUMULATIVE TOTAL
13.7%
With the help of the TF SCALE programme, I have been given a
platform to achieve one of my visions which is to make a difference
across borders. This programme has given me an insight on what it
feels like to be able to reach my goal. It has also taught me valuable
skills, which I hope to bring forward during my trip to Cambodia and
also in the future.”
MR HAZMAN AZRI MOHD SIDIKYear three student studying Diploma in Environmental Science at Republic Polytechnic, Singapore(A participant of the Temasek Foundation SCALE 2014 programme)
“
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PROGRAMMES:Student Leaders Exchange
Student-leader exchange programmes provide opportunities for young leaders from diverse
backgrounds and cultures to develop connections, participate in cross-border community
projects, and in the process, develop a better understanding of Asia and its peoples.
The Temasek Foundation Leadership Enrichment and Regional Networking (TF LEaRN)
programme for Asian university student leaders, and the Temasek Foundation Specialists’
Community Action and Leadership Exchange (TF SCALE) programme for students from
technical institutes and polytechnics in Asia will provide about 1,000 students with exciting
opportunities for learning and exchange, and to develop long-lasting friendships.
STUDENT LEADERS EXCHANGE
Where Participants Programme Focus Partners
1 Asia-wide About 240 university student leaders
TF LEaRNLeadership enrichment, community service learning and work internships
Universities in Asia
SingaporeNanyang Technological UniversityNational University of SingaporeSingapore Management UniversitySingapore University of Technology and Design
2 Asia-wide 750 polytechnic student leaders
TF SCALESocial innovation project management, leadership and networking skills
Polytechnics and technical institutes in Asia
SingaporeNanyang PolytechnicNgee Ann PolytechnicRepublic PolytechnicSingapore PolytechnicTemasek Polytechnic
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Leaders Network
All across Asia where Temasek Foundation programmes have been implemented, leaders
and senior-level administrators from the various host communities have been instrumental
in steering and managing the implementation of the programmes and ensuring their
success. The foundation continues to actively engage these leaders and facilitate
opportunities for further learning.
Run for the second year, the Temasek Foundation Asia Leaders Connect 2014 saw
27 Asian government and public sector leaders gathered in Singapore for a two-day
forum to foster learning and networking, and exchange views on governance and public
administration challenges affecting Asia.
LEADERS NETWORK
Where Participants Programme Focus Partners
1 Asia-wide 27 senior government and public service leaders
Exchange among leaders on public sector management and global challenges affecting Asia
Government ministries and public service agencies in Asia
SingaporeCivil Service College
““The TF Asia Leaders Connect is a platform not only for gathering and
networking but also for learning and sharing knowledge and experience.
Through the programme, I learnt new knowledge and experience from my new
friends around the region and had a deeper understanding of the countries
that they are from.”
DR HEAN SAHIBSecretary of State, Ministry of Economy and Finance and Chairman of the sub-committee of Capacity Building of the Ministry of Economy and Finance, Kingdom of Cambodia(A participant of the Temasek Foundation Asia Leaders Connect 2014)
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Journalism Fellowship
Since 2008, Temasek Foundation has been funding an annual three-month fellowship
programme for regional mid-career journalists to engage in professional and cultural
exchange. Hosted in Singapore, the fellowship provides a platform to the journalists to
hone their understanding of media trends and issues across Asia.
The Temasek Foundation – Nanyang Technological University Asia Journalism Fellowship
2014 was attended by 16 editors and senior journalists. Highlights of the 2014 Fellowship
included the Temasek Foundation Asia Journalism Forum 2014, a workshop on data-
driven journalism conducted by trainers from the Philippine Center for Investigative
Journalism, and a dialogue session with Singapore’s Deputy Prime Minister and Finance
Minister Tharman Shanmugaratnam.
JOURNALISM FELLOWSHIP
Where Participants Programme Focus Partners
1 Asia-wide 16 senior journalists from Asia under the fellowship and 16 journalists for the conference programme
Professional knowledge and cultural exchange for a better understanding of journalism and media issues in Asia
Regional media agencies
SingaporeNanyang Technological University (Wee Kim Wee School of Communication and Information)
“It is not just a journalism programme. This programme has connected us as a
family of sisters and brothers. This programme has opened my mind and made
me look beyond Malang Post and my home, and learn that if things can be
achieved in other countries, then we can do likewise at home.”
MS DEWI YUHANA Editor for business, education, and youth, Malang Post, East Java, Republic of Indonesia
(A participant of the Asia Journalism Fellowship 2014)
“
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Building Institutions of Excellence
Programme Grants
FY 2014/15
S$6.1m CUMULATIVE TOTAL
S$32.7m
Programmes
FY 2014/15
13 CUMULATIVE TOTAL
60
Percentage of grants
FY 2014/15
31.3% CUMULATIVE TOTAL
22.2%
“There are many takeaways from the course to be shared and applied
to our organization back home, but good governance is the key and
constant faith that we shall all do our absolute best to serve the nation
and the world as a whole.”
PENGIRAN HAJAH MASHAYU PENGIRAN HAJI YUSOFSpecial Grade Education Officer, Lead for the National Education System for The 21st Century Unit (SPN21), Ministry of Education, Brunei Darussalam(A participant of the Temasek Foundation Governance and Public
Administration programme 2014)
“
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PROGRAMMES:Urban Management
As cities and their urban populations continue to grow, policy makers and city planners
face immense challenges in ensuring that their cities are sustainable and liveable.
The urban development of cities is guided by a myriad of considerations such as
environmental and natural resources, which needs to be balanced with planning and
optimising the use of land and space to provide for the community’s needs.
In FY2014/2015, Temasek Foundation funded four urban management programmes in
Indonesia, India and Sri Lanka that look into key challenges in urban planning such as
transportation, water management and integrated master planning.
URBAN MANAGEMENT
Where Participants Programme Focus Partners
1 Indonesia(Makassar)
155 leaders and specialists
Urban planning, transportation and infrastructure planning
IndonesiaLocal Government of Makassar
SingaporeSingapore Cooperation Enterprise
2 India(Bangalore)
100 government senior officials
Sustainable water management, governance for policies and management of urban water projects, and development of a Design, Build, Finance, Operate and Transfer transaction framework
IndiaBangalore Water Supply and Sewage Board
SingaporeSingapore Cooperation Enterprise
3 India(Rajasthan)
100 leaders and specialists
Water governance and management, and sustainable frameworks for waste-water management
IndiaRajasthan Public Health Engineering Department
SingaporeSingapore Cooperation Enterprise
4 Sri Lanka 125 senior government officials
Integrated urban master planning with a focus on housing design and community building, master plan review and government land sales, water infrastructure development and green master plan
Sri LankaMinistry of Defence and Urban Development
SingaporeSingapore Cooperation Enterprise
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Due to rapid growth of population and industrialisation in the state of
Rajasthan, water demand is increasing. Although the state has started
executing Surface Water based projects, it is important to focus on water
conservation, recycling and reuse. This partnership will focus on building
capacities and knowledge in sustainable water management and waste water
reuse within the government. I expect that after this program, we will be able
to implement the best practices in water recycling and reuse in Jaipur City and
other parts of the state.”
HONOURABLE VASUNDHARA RAJEChief Minister, Government of Rajasthan, India(Host community partner of the Temasek Foundation water management programme in
Rajasthan, India)
“
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Public Administration
Public institutions lead the efforts in economic, social and cultural progress of a
community. The roles and functions of public administration are dynamic and constantly
evolving in response to the changing needs and demands of society.
With an increasing demand for relevant capability building programmes in this area, in
FY2014/2015, Temasek Foundation supported nine programmes that covered different
aspects of public administration. New programmes were initiated in e-Government public
services in Bangladesh, in talent management of the civil service in Lao PDR, and in
innovation in productivity for the public service sector in Indonesia.
The foundation also continued its support for programmes such as the third run of
the Temasek Foundation Governance and Public Administration programme, capacity
building in trade and negotiations under the “Temasek Foundation Series on Trade &
Negotiations”, and the third phase of a public policy and administration programme in
Viet Nam.
PUBLIC ADMINISTRATION
Where Participants Programme Focus Partners
1 Bangladesh 96 leaders and specialists
e-Government service design and delivery; Innovation and process streamlining to enhance public service delivery
BangladeshAccess to Information Programme, Prime Minister’s Office
SingaporeNational University of Singapore (e-Government Leadership Centre, Institute of Systems Science)
2 Bhutan 115 government leaders and public officials
ICT master-plan development in e-Government procurement, ICT industry development and ICT for land use management
BhutanMinistry of Information and Communications
SingaporeInfocomm Development Authority International
3 Indonesia 120 productivity specialists
Innovation for productivity in the public sector
IndonesiaMinistry of ManpowerMinistry of Education Ministry of Industry
SingaporeSingapore Polytechnic
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PUBLIC ADMINISTRATION
4 Lao PDR 155 leaders and specialists
Apex leadership programme to nurture and develop emerging leaders in the civil service
Lao PDRMinistry of Home Affairs
Central Committee for Organisation and Personnel
National Academy for Political and Public Administration
SingaporeCivil Service College
5 Myanmar 100 leaders and specialists
Framework and accreditation skills for local enterprise development, and problem-based learning pedagogy and curriculum development for adult-learning
MyanmarMinistry of Social Welfare, Relief and Resettlement
SingaporeNgee Ann PolytechnicRepublic Polytechnic
6 Viet Nam 60 leaders and specialists
Knowledge and skills to implement public-private partnership (PPP) transactions for government infrastructure projects such as water supply and treatment, solid waste management, public transport, zoning and renewable energy
Viet NamDanang People’s Committee (Department of Planning and Investments)
SingaporeSingapore Cooperation Enterprise
7 Viet Nam 140 leaders and senior officials
Governance and public administration, and best practices in public policy, administration and governance so as to enhance decision-making, governance as well as policy design and implementation skills
Viet NamMonitoring Office of Programme 165 of Government of Viet Nam
SingaporeNanyang Technological University (Nanyang Centre for Public Administration, College of Humanities and Social Sciences)
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PUBLIC ADMINISTRATION
8 Asia-wide 64 public sector officials
Temasek Foundation Governance and Public Administration programmeEconomic development challenges, processes and strategies; and the role of government institutions and leaders in supporting and sustaining economic growth
Government ministries and public service agencies in Asia
SingaporeCivil Service College
9 Asia-wide 240 leaders and trade specialists
Temasek Foundation Series on Trade & Negotiations Policy making and implementation on international trade and negotiations, and economic issues
Government ministries and agencies in Asia which are responsible for economic development and international trade negotiation processes
SingaporeNanyang Technological University (S. Rajaratnam School of International Studies)
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Rebuilding Lives & Livelihoods Affected by Natural Disasters
Programme Grants
FY 2014/15
S$0.6m CUMULATIVE TOTAL
S$9.8m
Programmes
FY 2014/15
1 CUMULATIVE TOTAL
18
Percentage of grants
FY 2014/15
3.1% CUMULATIVE TOTAL
6.6%
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PROGRAMME:
Disaster Preparedness
From time to time, where natural disasters have occurred, communities often take a long
time to recover from the extensive damage to infrastructure and disruption to their daily
lives and livelihoods.
Since 2008, Temasek Foundation has been working with Singapore’s Nanyang
Technological University to share knowledge and skills in good construction practices and
techniques to increase seismic resistance in low-rise public buildings in earthquake-prone
regions in Asia. The provinces of Chiang Mai and Chiang Rai in Thailand will be the latest
addition to the series of training programmes conducted in China, India, Nepal and the
Philippines.
DISASTER PREPAREDNESS
Where Participants Programme Focus Partners
1 Thailand(Chiang Mai and Chiang Rai)
150 master trainers and local builders
Strengthening techniques on public school buildings in earthquake-prone provinces to increase seismic resistance
ThailandAsian Institute of Technology
King Mongkut’s University of Technology Thonburi
Chiang Mai University
SingaporeNanyang Technological University (School of Civil and Environmental Engineering)
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Temasek Foundation Annual Report 2014/2015
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The world makes way for the man who knows where he is going.”
Ralph Waldo Emerson
“
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EIGHT YEARS IN NUMBERS: MAY 2007 – MARCH 2015OUR APPROACH
Since inception, Temasek Foundation has reached out to thousands of participants across
Asia. Our programmes bring together different resources – grants from Temasek Foundation,
the expertise of various institutions, and the commitment and resources of host community
organisations, and collectively, we contribute to Asia’s human and social capital development.
Our grant-making is grounded in these core principles:
• Outcomes - Focus
We support programmes that contain a strong focus on outcomes with a multiplier
effect, through the transfer of learning by leaders and trainers to their peers and
colleagues, to bring about sustained improvements in their communities.
• Partnerships
From defining needs to co-developing and co-implementing programmes, host
community and content partners are critical in all phases of a programme, to ensure
that programmes are relevant, meaningful and well-implemented.
• Ownership
By co-owning the planning and implementation of programmes, leaders of partner
organisations signify the importance of the programmes and drive them to success.
OUR PROGRAMMES OVER THE YEARS
Overview of Grants & Outreach
FY07/08
14
14.3
32
15.4
32
16.0
26
18.6
32
19.8
40
20.7
44
22.7
42
19.5
TOTAL
No. of programmes
262Grants (S$m)
147
FY08/09 FY09/10 FY10/11 FY11/12 FY12/13 FY13/14 FY14/15
Grants (S$m)Grants (S$m)
No. of programmes
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OUR PROGRAMMES BY FOCUS AREAS
118
39
33
72
Grants (S$m)
No. of programmes
No. of programmes
Total
S$147m
Building People: Health CareS$23.3m
Building Bridges between PeoplesS$20.1m
Building People: EducationS$61.1m
Building Institutions of ExcellenceS$32.7m
Rebuilding Lives & LivelihoodsS$9.8m
15.9%
41.6%
13.7%
22.2%
6.6%
OUR PROGRAMMES BY GEOGRAPHY
SOUTHEAST ASIA
NORTH ASIA
SOUTH ASIA
MULTI-COUNTRY & OTHERS
64.7
28.7
16.1
37.5
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OUR ALUMNI
25,004Direct participants
(as at 31 March 2015)
158,379 *Peers of participants reached out to
(as at 31 March 2015)
4,980 families Recipients of TF post-disaster recovery provisions
FY2014/2015 IN NUMBERS:
Building Bridges between PeoplesS$3.4m9 Programmes
Building People: Health CareS$4.1m8 Programmes
Building People: EducationS$5.3m11 Programmes
21%
31.3%
3.1%
17.4%
27.2%
Building Institutions of ExcellenceS$6.1m13 Programmes
Rebuilding Lives & LivelihoodsS$0.6m1 Programme
Total Committed Grants
S$19.5million
No. of Programmes Approved
42
*Individuals who attended learning sessions conducted by programme participants after completion of their training (numbers as reported by programme partners)
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HEALTH CARE
Temasek Foundation – Nanyang Polytechnic International Nursing Programme in Chongqing Municipality, China
Main PartnersChongqing Municipal Health and Family Planning Commission, ChinaNanyang Polytechnic International, Singapore
Temasek Foundation - Singapore Health Services Hospital Management and Nursing Programme in Ningxia and Qinghai Provinces, China
Main PartnersAffiliated Hospital of Qinghai UniversityGeneral Hospital of Ningxia Medical UniversityHealth Department of Ningxia Province, ChinaHealth Department of Qinghai Province, ChinaSingapore Health Services (Singhealth)Singhealth Alice Lee Institute of Advanced Nursing, Singapore
Implementing Partners(China)Cancer Hospital of Ningxia Medical University General HospitalCardiac-cerebrovascular Hospital of Ningxia Medical University General HospitalFifth Hospital of NingxiaFirst Hospital of YinchuanFirst People’s Hospital of Shizuishan, NingxiaGuyuan People’s Hospital
OUR PARTNERS
BUILDING PEOPLE THROUGH HEALTH CARE, EDUCATION AND RESEARCH
Ningxia People’s HospitalPeople’s Hospital of ZhongweiSecond People’s Hospital of Shizuishan, NingxiaThird Hospital of YinchuanTraditional Chinese Medicine Hospital of YinchuanWuzhong People’s Hospital
Temasek Foundation - Ngee Ann Polytechnic School of Health Science Nursing Programme in Shanghai, China
Main PartnersFudan University, ChinaShanghai Municipal Public Health Bureau, ChinaNgee Ann Polytechnic, Singapore
Implementing Partners(China) Hua Dong HospitalHuashan HospitalLonghua Hospital Affiliated to Shanghai University of Traditional Chinese MedicineObstetrics and Gynecology Hospital of Fudan UniversitySecond Military Medical UniversityShanghai Shuguang Hospital Affiliated with Shanghai University of Traditional Chinese MedicineShanghai University of Traditional Chinese MedicineYueyang Hospital of Integrated Traditional Chinese and Western Medicine of Shanghai University of Traditional Chinese MedicineZhongshan Hospital
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Temasek Foundation - Nanyang Polytechnic International Nursing Programme in Sri Lanka
Main PartnersMinistry of Health and Indigenous Medicine, Sri LankaNanyang Polytechnic International, Singapore
Implementing Partners(Sri Lanka) Base Hospital, GampolaColombo East Base HospitalColombo South Teaching HospitalDistrict General Hospital, HambantotaDistrict General Hospital, KalutaraDistrict General Hospital, MataleDistrict General Hospital, Nuwara, EliyaDistrict General Hospital, PolonnaruwaGeneral Hospital MataraLady Ridgeway Hospital, ColomboNational Cancer InstituteNational Hospital ColomboNursing School, RatnapuraPost Basic Nursing School, ColomboProvincial General Hospital, BadullaProvincial General Hospital, RatnapuraSirimavo Bandaranaike Specialised Children’s HospitalTeaching Hospital, AnuradhapuraTeaching Hospital, BatticaloaTeaching Hospital, JaffnaTeaching Hospital, KandyTeaching Hospital, KarapitiyaTeaching Hospital, KurunegalaTeaching Hospital, PeradeniyaTeaching Hospital, RagamaTeaching Hospital, Sri Jayawardenapura
Temasek Foundation - Nanyang Polytechnic International Nursing Programme in Thailand
Main PartnersMinistry of Public Health, ThailandNanyang Polytechnic International, Singapore
Implementing Partners(Thailand) Boromarajonani Colleges of Nursing and Affiliated HospitalsPraboromarajchanok Institute for Health Workforce Development
Temasek Foundation – Tan Tock Seng Hospital Health Care Programme in Phnom Penh, Cambodia
Main PartnersCalmette Hospital, CambodiaMinistry of Health, CambodiaTan Tock Seng Hospital, Singapore
Implementing Partner(Cambodia) Angkor Hospital for Children
Temasek Foundation - Tan Tock Seng Hospital Nursing and Medical Management Programme in East Java, Indonesia
Main PartnersHealth Agency of East Java, IndonesiaIndonesian Red Cross SocietyMuhammadiyah Organisation, IndonesiaTan Tock Seng Hospital, Singapore
Implementing Partners(Indonesia) Aisyiyah Islamic HospitalBabat Muhammadiyah HospitalCentral Board of Muhammadiyah Disaster Management CentreChildren and Women Hospital of ProbolinggoCommittee of Health Advisory - Unit of Human Resources Province Board Muhammadiyah East Java
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Health Science Faculty of Muhammadiyah University SurabayaHospital Aisiah Aminah BlitarHospital Aisiah BojonegoroHospital Aisiah Siti Tulangan SidoarjoHospital of Aisyiyah Ponorogo Hospital of Muhammadiyah Ahmad Dahlan Kota KediriHospital of Muhammadiyah University MalangHospital of PKU Muhammadiyah GombongHospital of PKU Muhammadiyah Yogyakarta Indonesia Red Cross East JavaIslamic Hospital Aisiah NganjukIslamic Hospital Hasanah MojokertoIslamic Hospital of Fatimah BanyuwangiIslamic Hospital of Siti Aisyah MadiunJombang Muhammadiyah HospitalKalitidu Muhammadiyah HospitalLamongan Muhammadiyah General HospitalMaternity Hospital of Muhammadiyah TubanMinistry of Health IndonesiaMuhammadiyah Hospital of RogojampiMuhammadiyah Hospital of Siti Khodijah GurahMuhammadiyah Hospital of Surya MelatiMuhammadiyah Hospital TulungagungPonorogo Muhammadiyah General HospitalRS Muhammadiyah GresikSekapuk Muhammadiyah HospitalSiti Khodijah Sepanjang HospitalSumberejo Muhammadiyah HospitalSurabaya Muhammadiyah Hospital
Temasek Foundation Healthcare Executives in Asia Leadership Programme
Main PartnersSingapore Health ServicesNational Healthcare Group, Singapore
EDUCATION
Temasek Foundation – Nanyang Polytechnic International Technical and Vocational Education and Training Programme in Fujian Province, China
Main PartnersFujian Provincial Education Department, ChinaNanyang Polytechnic International, Singapore
Temasek Foundation – ITE Education Services Technical and Vocational Education and Training Programme in Batam, Indonesia
Main PartnersCoordinating Ministry for Economic Affairs, IndonesiaBatam Polytechnic, IndonesiaITE Education Services, Singapore
Temasek Foundation – ITE Education Services Technical and Vocational Education and Training Programme in Malaysia
Main PartnersMinistry of Youth and Sports, Malaysia Ministry of Education, Malaysia ITE Education Services, Singapore
Implementing Partners(Malaysia) Institut Kemahiran Belia Negara Alor Gajah, MelakaInstitut Kemahiran Belia Negara Bachok, KelantanInstitut Kemahiran Belia Negara Bandar Penawar, JohorInstitut Kemahiran Belia Negara Bukit Mertajam, Pulau PinangInstitut Kemahiran Belia Negara Chembong, Negeri SembilanInstitut Kemahiran Belia Negara Dusun Tua, Selangor
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Institut Kemahiran Belia Negara Jitra, KedahInstitut Kemahiran Belia Negara Kemasik, TerengganuInstitut Kemahiran Belia Negara Kinarut, SabahInstitut Kemahiran Belia Negara Kuala Langat, SelangorInstitut Kemahiran Belia Negara Kuala Perlis, PerlisInstitut Kemahiran Belia Negara Miri, SarawakInstitut Kemahiran Belia Negara Naka, KedahInstitut Kemahiran Belia Negara Pagoh, JohorInstitut Kemahiran Belia Negara Pekan, PahangInstitut Kemahiran Belia Negara Peretak, SelangorInstitut Kemahiran Belia Negara Seri Iskandar, PerakInstitut Kemahiran Belia Negara Temerloh, PahangInstitut Kemahiran Belia Negara Wakaf Tapai, TerengganuInstitut Kemahiran Tinggi Belia Negara Sepang, Selangor
Temasek Foundation – Singapore Polytechnic Technical and Vocational Education and Training Programme in Myanmar
Main PartnersNational Skill Standard Authority, MyanmarSingapore Polytechnic
Implementing Partners(Myanmar) AsK Education ServicesCentre for Vocational Training School Dual Tech Vocational Training CentreFuture Engineer GenerationMinistry of Agriculture and IrrigationMinistry of Communication and Information TechnologyMinistry of ConstructionMinistry of CooperativeMinistry of EducationMinistry of Electrical PowerMinistry of EnergyMinistry of Environmental Conservation and
ForestryMinistry of HealthMinistry of IndustryMinistry of Labour, Employment and Social SecurityMinistry of Livestock, Fisheries and Rural DevelopmentMinistry of Rail TransportationMinistry of Science and TechnologyMinistry of Social Welfare Relief and ResettlementMinistry of TransportMyanmar Engineering SocietyMyanmar Human Resource InstituteMyanmar Oil and Gas EnterpriseMyanmar Private TVET AssociationMyanmar Timbre Enterprise Star Resources Tourism Hospitality Management AcademyToday Top Star Co. LtdYangon Institute of Economics
Temasek Foundation – Singapore Polytechnic Technical and Vocational Education and Training Programme in the Philippines
Main PartnersPhilippine Association of State Universities and CollegesSingapore Polytechnic
Implementing Partners(Philippines) Benguet State UniversityBicol UniversityBukidnon State UniversityBulacan State UniversityCamiguin Polytechnic State CollegeCaraga State UniversityCavite State UniversityCebu Normal UniversityCebu Technological UniversityCommission on Higher Education - Cordillera Administrative RegionCotabato Foundation City State of TechnologyCotabato Foundation College of Science and Technology
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Davao Oriental State College of Science and TechnologyDon Mariano Marcos Memorial State UniversityEastern Samar State UniversityIfugao State UniversityIsabela State UniversityMariano Marcos State UniversityMindanao University of Science and TechnologyMisamis Oriental State College of Agriculture and TechnologyNorthern Iloilo Polytechnic State CollegeNorthwest Samar State UniversityNueva Ecija University of Science and TechnologyNueva Vizcaya State UniversityPampanga Agricultural CollegePampanga State Agricultural UniversityPartido State UniversityPhilippine Normal UniversityPhilippine State College of Aeronautics Polytechnic University of the PhilippinesRamon Magsaysay Technological UniversityRizal Technological UniversityUniversity of Rizal SystemVisayas State UniversityWestern Mindanao State UniversityWestern Visayas College of Science and Technology
Temasek Foundation – ITE Education Services Technical and Vocational Education and Training Programme in the Philippines
Main PartnersTechnical Education and Skills Development Authority, PhilippinesITE Education Services, Singapore
Temasek Foundation – ITE Education Services Technical and Vocational Education and Training Programme in Ho Chi Minh City, Viet Nam
Main PartnersDepartment of Education and Training, Ho Chi Minh City, Viet NamITE Education Services, Singapore
Implementing Partners(Viet Nam) Agriculture SchoolDistrict 12 Technical and Economic SchoolHo Chi Minh City Art and Culture CollegeHo Chi Minh City Construction SchoolHo Chi Minh City Economic CollegeHo Chi Minh City Transportation CollegeHoc Mon Technical and Economic SchoolLy Tu Trong Technical CollegeNam Sai Gon Technical and Professional SchoolNguyen Huu Canh Technical and Economic SchoolNguyen Truong To CollegePhu Lam Technical and Economic CollegeSai Gon Tourist School
Singapore International Technical and Vocational Education and Training Conference 2015
Main PartnerInstitute of Technical Education (ITE), Singapore
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Temasek Foundation - National University of Singapore University English Programme in Java, Indonesia
Main PartnersMuhammadiyah Organisation, IndonesiaCentre for English Language, National University of Singapore
Implementing PartnersUniversitas Ahmad Dahlan (Indonesia) Universitas Muhammadiyah JakartaUniversitas Muhammadiyah JemberUniversitas Muhammadiyah MalangUniversitas Muhammadiyah PurwokertoUniversitas Muhammadiyah Surabaya Universitas Muhammadiyah Surakarta Universitas Muhammadiyah YogyakartaUniversitas Muhammadiyah Gresik
Temasek Foundation - Southeast Asian Ministers of Education Organization Regional Language Centre English in School Programme in Thailand
Main PartnersThe English Institute of the Office (ELI) of the Office of Basic Education Commission (OBEC) Ministry of Education, ThailandSoutheast Asian Ministers of Education Organization (SEAMEO) Regional Language Centre (RELC), Singapore
Implementing Partners(Thailand) Betong “Wirraratprasan” SchoolBodindecha (Sing Singhasaenee)Horwang SchoolHuaynamhom Wittayakarn SchoolKamphaengphet Pittayakorn SchoolMaewangpittayakom SchoolMaptaputphanpittayakarn SchoolMukdawittayanukul SchholPaiwittayakarn SchoolPangsilathongsaksa School
Phatatnongsammeun SchoolPongpattanawittatakhom SchoolSaiyoknoiwittaya SchoolSaparachinee 2 SchoolSatri Angthong SchoolSatriwithaya SchoolSawangdaendin SchoolSinagarindra The Princess Mother School SisaketTakpittayakhom School Thakhumnguen Wittayakarn SchoolThamai “Phun Sawat Rat Nukun” SchoolUdonpittayanukoon SchoolWeerawatyotthin SchoolWisutthikasattree SchoolYupparajwittayabi School
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BUILDING BRIDGES BETWEEN PEOPLESTemasek Foundation Leadership Enrichment and Regional Networking (TF LEaRN) Programme 2014 @ Nanyang Technological University
Main PartnerNanyang Technological University, Singapore
Implementing Partners(Cambodia)Royal University of Law and EconomicsRoyal University of Phnom Penh
(China)Fudan UniversityHainan UniversityPeking UniversityShandong UniversityShanghai Jiaotong UniversitySoochow UniversityTianjin UniversityWuhan University
(Hong Kong SAR, China)University of Hong Kong
(India)Indian Institute of Technology Bombay (Mumbai)Indian Institute of Technology MadrasSymbiosis International University
(Indonesia)Universitas Gadjah MadaUniversitas Indonesia
(Japan)Waseda University
(Lao PDR)National University of Laos
(Malaysia)Universiti Malaya
(Philippines)Ateneo de Manila UniversityDe La Salle University
(South Korea)Pohang University of Science and Technology (POSTECH)
(Chinese Taipei)National Taiwan University
(Thailand)Chulalongkorn UniversityMahidol University
(Viet Nam) Vietnam National University, HanoiVietnam National University, Ho Chi Minh City
Temasek Foundation Leadership Enrichment and Regional Networking (TF LEaRN) Programme 2015 @ Singapore Management University
Main PartnerSingapore Management University
Temasek Foundation Leadership Enrichment and Regional Networking (TF LEaRN) Programme 2015 @ Singapore University of Technology and Design
Main PartnerSingapore University of Technology and Design
Implementing Partner(China) Zhejiang University
Temasek Foundation Specialists’ Community Action and Leadership Exchange (TF SCALE) 2014/2015 @ Nanyang Polytechnic
Main PartnerNanyang Polytechnic, Singapore
Implementing Partners(Thailand)Rajamangala University of Technology, Rattanakosin
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Temasek Foundation Specialists’ Community Action and Leadership Exchange (TF SCALE) 2014/2015 @ Ngee Ann Polytechnic
Main PartnerNgee Ann Polytechnic, Singapore
Temasek Foundation Specialists’ Community Action and Leadership Exchange (TF SCALE) 2014/2015 @ Republic Polytechnic
Main PartnerRepublic Polytechnic, Singapore
Temasek Foundation Specialists’ Community Action and Leadership Exchange (TF SCALE) 2014/2015 @ Singapore Polytechnic
Main PartnerSingapore Polytechnic
Implementing Partners(Indonesia) Universitas Muhammadiyah MalangUniversitas Muhammadiyah YogyakartaUniversitas Pembangunan Nasional
(Thailand)Chitralada SchoolRajamangala University of Technology Thanyaburi
(Viet Nam)Ho Chi Minh City College of EconomicsUniversity of Economics Ho Chi Minh City
Temasek Foundation Specialists Community Action and Leadership Exchange (TF SCALE) 2014/2015 @ Temasek Polytechnic
Main PartnerTemasek Polytechnic, Singapore
Temasek Foundation – Nanyang Technological University: Asia Journalism Fellowship Programme 2015
Main PartnerWee Kim Wee School of Communication and Information, Nanyang Technological University, Singapore
Implementing Partners(Bangladesh)Newsnextbd.com
(India) Ibn Lokmat Pvt LtdThe Indian Express Ltd
(Indonesia)AJI (the Alliance of Independent Journalists – Indonesia)Pikiran Rakyat
(Malaysia)Malaysiakini
(Myanmar)Mizzima Daily / Mizzima Media Group
(Nepal) Nagarik Daily, Nepal Republic Media
(Pakistan) Daily Ibrat Newspaper
(Philippines) Rappler.com
(Singapore) Berita Harian
(Sri Lanka) The Sunday Leader
(Thailand) Royal Army Television Channel 5
(Viet Nam) Vietnam News Agency
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BUILDING INSTITUTIONS OF EXCELLENCE THROUGH GOVERNANCE AND ETHICS
Temasek Foundation – Singapore Cooperation Enterprise Urban Management Programme in Makassar, South Sulawesi, Indonesia
Main PartnersLocal Government of Makassar, IndonesiaSingapore Cooperation Enterprise
Implementing Partners(Indonesia)Badan Lingkungan Hidup DaerahBadan Penanggulangan Bencana DaerahBadan Perencanaan Pembangunan DaerahBadan Perizinan Terpadu and Penanaman ModalBagian Ekonomi and PembangunanBagian Hukum and HamBagian HumasBagian PertanahanBagian Tata PemerintahanCooperation Bureau South Sulawesi ProvinceDepartment of Gowa Regional DevelopmentDevelopment Management and Environmental HealthDinas Kelautan, Perikanan, Pertanian and PeternakanDinas Pariwisata and Ekonomi KreatifDinas Peridustrian and PerdaganganDinas Perumahan and Gedung Pemerintah DaerahDinas Tata Ruang and BangunanEducation and Culture DepartmentFire Rescue DepartmentGreening and Sanitary DepartmentKecamatan BiringkanayaKecamatan MarisoKecamatan TalloKecamatan TamalateTransportation Department
Temasek Foundation – Singapore Cooperation Enterprise Urban Management Programme in Bangalore, Karnataka, India
Main PartnersBangalore Water Supply and Sewerage Board, IndiaSingapore Cooperation Enterprise
Temasek Foundation – Singapore Cooperation Enterprise Urban Management Programme in Rajasthan, India
Main PartnersRajasthan Public Health Engineering and Ground Water Department, IndiaSingapore Cooperation Enterprise
Implementing Partners(India)Jaipur Nagar NigamRajasthan State Industrial Development and Investment Corporation LtdRajasthan Urban Infrastructure Development ProjectRajasthan Urban Infrastructure Finance and Development Corporation Ltd
Temasek Foundation - Singapore Cooperation Enterprise Urban Management Programme in Sri Lanka
Main PartnersMinistry of Urban Development, Water Supply and Drainage, Sri LankaSingapore Cooperation Enterprise
Implementing Partners(Sri Lanka)Colombo Municipal CouncilDehiwela Mount Lavinia Municipal CouncilGalle Municipal CouncilKalmunai Municipal CouncilKandy Municipal CouncilSri Jayawardena Pura Kotte Municipal CouncilSri Lanka Navy
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Temasek Foundation – National University of Singapore Institute of Systems Science e-Government Leadership Centre Info-Comm Technology Programme in Bangladesh
Main PartnersAccess to Information Programme, Prime Minister’s Office, Bangladeshe-Government Leadership Centre, Institute of Systems Science, National University of Singapore
Implementing Partners(Bangladesh) Ministry of AgricultureMinistry of Fisheries and LivestockMinistry of Health and Family WelfareMinistry of HomeMinistry of LandMinistry of Law, Justice and Parliamentary AffairsMinistry of Local Government Rural Development and CooperativesMinistry of Public AdministrationMinistry of Women and Children Affairs
Temasek Foundation – IDA International Info-Comm Technology Programme in Bhutan
Main PartnersMinistry of Information and Communications, BhutanIDA International, Singapore
Implementing Partners(Bhutan) Ministry of Economic Affairs, BhutanMinistry of Finance, BhutanMinistry of Labour and Human Resources, BhutanNational Land Commission of BhutanThimphu Thromde
Temasek Foundation – Singapore Polytechnic Productivity and Standards Programme in Indonesia
Main PartnersMinistry of Manpower, IndonesiaMinistry of Education, IndonesiaMinistry of Industry, IndonesiaSingapore Polytechnic
Temasek Foundation – Civil Service College Apex Leadership Programme in Lao PDR
Main PartnersMinistry of Home Affairs, Lao PDRCentral Committee for Organisation and Personnel, Lao PDRNational Academy of Politics and Public Administration, Lao PDRCivil Service College, Singapore
Implementing Partners(Lao PDR) Bank of Lao PDRLao Front for National ConstructionLao National UniversityLao People’s Revolutionary Youth UnionLao Trade UnionLao Women’s UnionMinistry of Agriculture and ForestryMinistry of Education and SportsMinistry of Energy and MinesMinistry of FinanceMinistry of Foreign AffairsMinistry of HealthMinistry of Home AffairsMinistry of Industry and CommerceMinistry of Information, Culture and TourismMinistry of JusticeMinistry of Labour and Social WelfareMinistry of Natural Resources and EnvironmentMinistry of Planning and InvestmentMinistry of Post, Telecom and CommunicationMinistry of Public HealthMinistry of Public Works and TransportMinistry of Science and TechnologyNational Assembly
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National Audit OrganisationNational University of LaosOffice of the Party Central CommitteeParty Central Control CommitteePresidential PalacePropaganda OfficePropaganda Training Committee of the Central CommitteeState Audit OrganisationThe Office of the Supreme People’s ProsecutorThe People’s Supreme CourtVocational Education Development Institute
Temasek Foundation – Republic Polytechnic Public Administration Programme in Myanmar
Main PartnersMinistry of Social Welfare, Relief and Resettlement, MyanmarNgee Ann Polytechnic, SingaporeRepublic Polytechnic, Singapore
Implementing Partners(Myanmar) Central Early Childhood Care and Development CenterDay Care Centre for the AgedElderly DivisionGirls’ Training SchoolMyanmar Maternal and Child Welfare Association, MandalayMyanmar Maternal and Child Welfare Association, YangonMyanmar Woman Affairs FederationNhget Arn San Boys’ Training School Department of Social WelfarePre-School TarmwePre Primary School, Department of Social WelfareResidential Nursery SchoolSchool for Disabled ChildrenSchool for Home ScienceSchool for the BlindSchool for the Deaf, MandalaySocial Welfare Training SchoolVocational Training School for Adult DisabledVocational Training School for WomenWoman Development Centre, Yangon
Temasek Foundation - Singapore Cooperation Enterprise Public-Private Partnership Programme in Danang, Viet Nam
Main PartnersDepartment of Planning and Investment, Danang People’s Committee, Viet NamSingapore Cooperation Enterprise
Implementing Partners(Viet Nam) Board Management of Danang Export Processing and Industrial ZoneDanang Construction Planning InstituteDanang Drainage and Waste Water Treatment CompanyDanang Export Processing and Industrial ZoneDanang Hi-Tech Management BoardDanang People’s Committee OfficeDanang Water Supply CompanyDepartment of Agriculture and Rural DevelopmentDepartment of ConstructionDepartment of Education and TrainingDepartment of FinanceDepartment of Foreign AffairsDepartment of HealthDepartment of Home AffairsDepartment of Information and CommunicationsDepartment of JusticeDepartment of Natural Resources and EnvironmentDepartment of Planning and InvestmentDepartment of Science and TechnologyDepartment of TransportInvestment Promotion CenterPeople’s Committee of Ngu Hanh Son DistrictPeople’s Committee of Son Tra DistrictPeople’s Committee of Thanh Khe DistrictPriority Infrastructure Investment ProjectSouthern Lao Project Management UnitUrban Environment One Member State Own Limited Company
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Temasek Foundation - Nanyang Technological University Public Administration Programme in Viet Nam
Main PartnersMonitoring Office of Programme 165 of Government of Viet NamNanyang Centre for Public Administration, College of Humanities, Arts and Social Sciences, Nanyang Technological University, Singapore
Implementing Partners(Viet Nam)Central Board of AdvocacyCentral Committee of SupervisoryCentral Committee of the Youth UnionCommunist ReviewDepartment for Supporting Women in Economic Development General Confederation of LabourInstitute for Public Opinion Research, Central Commission for Education and PropagandaInstitute of Geological Sciences, Vietnam Academy of Science and TechnologyMinistry of Agriculture and Rural DevelopmentMinistry of ConstructionMinistry of Education and TrainingMinistry of Environment and Natural ResourcesMinistry of Industry and TradeMinistry of Information and CommunicationsMinistry of JusticeMinistry of Science and TechnologyMinistry of Transport National Political Publishing HouseNhan Dan NewspaperOffice of National AssemblyParty Committee of An Bien District, Kien Giang ProvinceParty Committee of An Lao District, Binh Dinh ProvinceParty Committee of Ba Vi District, Hanoi CityParty Committee of Bac Ai District, Ninh Thuan ProvinceParty Committee of Bac Ha District, Lao Cai ProvinceParty Committee of Bac Tan Uyen District, Binh Duong ProvinceParty Committee of Bau Bang District, Binh Duong Province
Party Committee of Binh Gia District, Lang Son ProvinceParty Committee of Binh Thuy District, Can Tho ProvinceParty Committee of Buon Ho District, Dak Lak ProvinceParty Committee of Cai Be District, Tien Giang ProvinceParty Committee of Cam Lo District, Quang Tri ProvinceParty Committee of Cam My District, Dong Nai ProvinceParty Committee of Cat Hai District, Hai Phong ProvinceParty Committee of Cau Ke District, Tra Vinh ProvinceParty Committee of Cau Ngang District, Tra Vinh ProvinceParty Committee of Chau Thanh District, Long An ProvinceParty Committee of Chau Thanh District, Soc Trang ProvinceParty Committee of Con Dao District , Ba Ria - Vung Tau ProvinceParty Committee of Dai Tu District, Thai Nguyen ProvinceParty Committee of Dak Doa District, Gia Lai ProvinceParty Committee of Dak Mil District, Dak Nong ProvinceParty Committee of Dak R’Lap District, Dak Nong ProvinceParty Committee of Dien Bien District, Dien Bien ProvinceParty Committee of Dinh Hoa District, Thai Nguyen ProvinceParty Committee of Dinh Lap District, Lang Son ProvinceParty Committee of Don Duong District, Lam Dong ProvinceParty Committee of District 3, Ho Chi Minh CityParty Committee of District 10, Ho Chi Minh CityParty Committee of Duc Linh District, Binh Thuan ProvinceParty Committee of Gia Lam District, Hanoi CityParty Committee of Ha Tinh District, Ha Tinh ProvinceParty Committee of Hoang Hoa District, Thanh Hoa Province
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Party Committee of Hoang Mai District, Nghe An ProvinceParty Committee of Hon Quan District, Binh Phuoc ProvinceParty Committee of Hong Ngu District, Dong Thap ProvinceParty Committee of Huong Hoa District, Quang Tri ProvinceParty Committee of Ia Grai District, Gia Lai ProvinceParty Committee of Kien Thuy District, Hai Phong CityParty Committee of Lac Thuy District, Hoa Binh ProvinceParty Committee of Luc Nam District, Bac Giang ProvinceParty Committee of Luc Ngan District, Bac Giang ProvinceParty Committee of M’Drak District, Dak Lak ProvinceParty Committee of Mo Cay Nam District, Ben Tre ProvinceParty Committee of Muong La District, Son La ProvinceParty Committee of Nam Giang District, Quang Nam ProvinceParty Committee of Nghi Loc District, Nghe An ProvinceParty Committee of Nghi Xuan District, Ha Tinh ProvinceParty Committee of Ngoc Hien District, Ca Mau ProvinceParty Committee of Ninh Giang District, Hai Duong ProvinceParty Committee of Pac Nam District, Bac Kan ProvinceParty Committee of Phu Vang District, Thua Thien Hue ProvinceParty Committee of Phung Hiep District, Hau Giang ProvinceParty Committee of Si Ma Cai District, Lao Cai ProvinceParty Committee of Son Tay District, Quang Ngai ProvinceParty Committee of Song Cau District, Phu Yen ProvinceParty Committee of Tam Diep City, Ninh Binh ProvinceParty Committee of Tan Binh District, Ho Chi Minh CityParty Committee of Tan Chau Town, An Giang ProvinceParty Committee of Tan Phu District, Tien
Giang ProvinceParty Committee of Thach Thanh District, Thanh Hoa ProvinceParty Committee of Thanh Binh District, Dong Thap ProvinceParty Committee of Thanh Chuong District, Nghe An ProvinceParty Committee of Thot Not District, Can Tho CityParty Committee of Thuan Nam District, Ninh Thuan ProvinceParty Committee of Thuong Xuan District, Thanh Hoa ProvinceParty Committee of Tien Du District, Bac Ninh ProvinceParty Committee of Tra On District, Vinh Long ProvinceParty Committee of Trang Bang District, Tay Ninh ProvinceParty Committee of Tu Ky District, Hai Duong ProvinceParty Committee of Tuy Phuoc District, Binh Dinh ProvinceParty Committee of U Minh Thuong District, Kien Giang ProvinceParty Committee of Van Ninh District, Khanh Hoa ProvinceParty Committee of Vinh Loi District, Bac Lieu ProvinceParty Committee of Vung Liem District, Vinh Long ProvinceParty Committee of Xuan Loc District, Dong Nai ProvinceParty Committee of Yen Mo District, Ninh Binh ProvincePeople’s Committee of Ha Long City, Quang Ninh ProvincePeople’s Council of Cam Ranh City, Khanh Hoa ProvincePeople’s Council of Chau Thanh A District, Hau Giang ProvincePeople’s Council of Chau Thanh District, Tay Ninh ProvincePeople’s Council of Gia Rai District, Bac Lieu ProvincePeople’s Council of Ha Quang District, Cao Bang ProvincePeople’s Council of Ham Thuan Nam District, Binh Thuan ProvincePeople’s Council of Loc Ninh District, Binh Phuoc ProvincePeople’s Council of Phu Tan District, An Giang Province
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People’s Council of Phu Yen District, Son La ProvincePeople’s Council of Quang Dien District, Thua Thien Hue ProvincePeople’s Council of Thang Binh District, Quang Nam ProvincePeople’s Council of U Minh District, Ca Mau ProvincePermanent Office of Da Nang City, Commission for Mass MobilisationPropaganda Instruction Committee, Foreign Affairs Party CommitteeReception to Party Members and Citizens, Central Committee of InspectorateState Audit Office of VietnamThe Audio Center, The Voice of VietnamThe Committee for Ethnic MinorityThe General Department of Government OfficeThe Government InspectorateThe Party Central Propaganda and Education CommitteeThe Party Committee of the Centrally-run Government Agencies SectorThe Vietnam Union of Friendship OrganisationsVietnam Cable Television Corporation, Vietnam TelevisionVietnam Chamber of Commerce and IndustryVietnam Cooperative AllianceVietnam General Confederation of LabourVietnam News AgencyVietnam Red Cross Central OrganizationVietnam Red Cross SocietyVietnam Women’s Union
Temasek Foundation Governance and Public Administration Programme
Main PartnerCivil Service College, Singapore
Implementing Partners(Bangladesh)Ministry of Youth and Sports
(Brunei Darussalam)Ministry of Education
(Cambodia)Ministry of Civil Service
(India)Central Vigilance CommissionMinistry of Personnel, Public Grievances and Pension
(Lao PDR)Ministry of Home Affairs
(Malaysia)Ministry of Health
(Mongolia)Secretariat of the State Great Hural of Mongolia
(Philippines)Department of Education
(Sri Lanka)Presidential Secretariat
(Viet Nam)Ha Noi People’s Committee
Temasek Foundation Series on Trade & Negotiations
Main PartnerS. Rajaratnam School of International Studies, Nanyang Technological University, Singapore
Implementing Partners(Bangladesh)Bangladesh Parliament
(Bhutan)National Assembly of BhutanNational Council of Bhutan
(Cambodia)Senate of Cambodia
(Chinese Taipei)The Legislative Yuan Republic of China, Taipei, Taiwan (R.O.C)
(Hong Kong SAR, China)The Legislative Council, Hong Kong SAR
(Indonesia)The House Regional Representative Council of Republic of Indonesia (Indonesian Senate)
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The People’s Consultative Assembly of Indonesia
(Lao PDR)National Assembly of Lao PDR
(Malaysia)House of Representatives, Parliament of MalaysiaHouse of Senate, Parliament of Malaysia
(Maldives)People’s Majlis Secretariat, Male, Maldives
(Mongolia)Embassy of MongoliaState Great Hural (Parliament) of Mongolia
(Myanmar)Myanmar Parliament Amyotha Hluttaw (House of Representatives)
(Pakistan)National Assembly of PakistanSenate of Pakistan
(Papua New Guinea)Parliament House, Waigani
(Philippines)Senate of the Philippines
(Timor-Leste)National Parliament of Timor-Leste
(Viet Nam)The National Assembly Office of Viet Nam
REBUILDING LIVES AND LIVELIHOODS AFFECTED BY NATURAL DISASTERS
Temasek Foundation – Nanyang Technological University - College of Engineering Wall Strengthening Programme in Thailand
Main PartnersAsian Institute of Technology, ThailandChiang Mai University, ThailandKing Mongkut’s University of Technology Thonburi, ThailandSchool of Civil and Environmental Engineering, Nanyang Technological University, Singapore
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FINANCIAL STATEMENTS
63 FY2014/2015 Management Analysis
67 Statement by Directors
68 Independent Auditor’s Report
70 Statement of Financial Activities
71 Statement of Financial Position
72 Statement of Changes in Funds
73 Statement of Cash Flows
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AT A GLANCE
Temasek Foundation was established in May 2007 by Temasek with an endowment for
the programme grants and operating expenses of the foundation. The endowment is
placed under the stewardship of Temasek Trust which decides on the aggregate annual
amounts to be made available for use by the foundation.
Financial Year (FY) 2014/2015 was another meaningful year for Temasek Foundation.
Although the sum committed has decreased slightly, the number of programmes
has remained around the same and this shows the foundation’s steady outreach to
communities and commitment to programmes. The high level of co-funding from host
community partners that manifests their leadership and ownership of the programmes
has helped the foundation sustain these levels of work.
Since inception, the foundation has committed funding to programmes as follows:
FY 2007/2008 FY 2008/2009 FY 2009/2010 FY 2010/2011(updated)
S$ Amount committed to Programmes
S$14.3 m S$15.4 m S$16 m S$18.6 m
Number of Programmes
14 32 32 26
FY 2011/2012(updated)
FY 2012/2013(updated)
FY 2013/2014(updated)
FY 2014/2015(provisional)
S$ Amount committed to Programmes
S$19.8 m S$20.7 m S$22.7 m S$19.5 m
Number of Programmes
32 40 44 42
FY 2014/2015 MANAGEMENT ANALYSIS
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PRIORITY PROGRAMMES
In FY 2014/2015, in tandem with the needs and requests from the host communities
Temasek Foundation continued to accord high priority to capability-building programmes
in the area of Technical and Vocational Education and Training (TVET). A total of S$4.21
million was committed to 9 programmes in this area for the financial year. Another high-
priority area is urban management, again in response to the growing challenges and
increasing number of requests for programmes in this area. The high pace of growth
of cities all across Asia have led to challenges in urban planning and management, for
instance, in public housing, urban transport, water and waste management, and, more
broadly, the urban environment. For FY 2014/2015, the foundation committed a total
of S$1.79 million to 4 programmes in this area. A third area of priority is health care, in
particular, programmes that build capabilities in nursing. For FY 2014/2015, the foundation
committed a total of S$2.72 million to 5 programmes in this area.
An emerging area of priority is public policy and public administration. Host communities
recognise that they need well-trained public officials leading and managing strong public
institutions to devise and implement their development plans and programmes to their
fruition. At the same time, communities need to have in place the proper regulatory
frameworks, policies and processes to foster and facilitate development. Temasek
Foundation appreciates the inputs on this area that have come from host communities
and have in the past few years started to do more work in this area, committing a total of
S$4.31 million to 9 programmes in FY 2014/2015.
Temasek Foundation has been supporting leadership exchange programmes for university
students since inception. Over the past eight years, the foundation has committed
S$12.3 million to a total of 1,867 students from universities across Asia. Each student
from a university in Asia (aside from Singapore) spends a semester of learning exchange
and community service at a Singapore university. Likewise students from Singapore
universities spend a semester at a university in an Asian city. This programme called the
Leadership Exchange and Regional Networking (LEaRN) programme has been successful
in fostering close friendships and mutual learning among the student leaders.
Following from a successful pilot of the Temasek Foundation Specialists’ Community
Action and Leadership Exchange (TF SCALE) programme, the foundation has decided
to support the TF SCALE programme in Financial Year 2014/2015 and possibly beyond
as well. This programme brings together polytechnic students from Singapore and
equivalent institutions in Asian cities for 4 to 6 weeks to participate in joint learning and
community projects, and to foster ties and friendships.
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FINANCIAL MANAGEMENT
To minimise the financial risks associated with programme funding, the foundation
disburses committed funds only in tranches to partner organisations in accordance to an
agreed-to schedule and progress of implementation of the programmes. For FY 2014/2015,
the foundation disbursed a sum of S$19.04 million to programmes that were approved since
inception. The amount of disbursements is about the same as in the last few years with
programme activities being implemented progressively and a consistent pace.
As at 31 March 2015, some 61 programmes were concluded, bringing the total number of
concluded programmes to 158 out of a total of 262 programmes that the foundation has
committed to. As circumstances may change, some programmes are modified during
the course of implementation and funding revised so that they remain relevant to the
needs. A very small number of programmes have had to be discontinued, mainly due to
the restructuring of institutions or re-prioritisation of needs by the host communities.
Consequently, the committed amounts for each financial year published in the annual
reports will be updated to reflect these adjustments.
The total annual operating expenses of Temasek Foundation for FY 2014/2015 and the
updated expenses for the previous financial years are listed as follows:
FY 2007/2008 FY 2008/2009 FY 2009/2010 FY 2010/2011
S$ Total Operating Expenses
$1.88 m $2.29 m $2.43 m $2.69 m
Headcount 7 8 8 9
FY 2011/2012 FY 2012/2013 FY 2013/2014 FY 2014/2015
S$ Total Operating Expenses
$3.08 m $3.46m $3.46m $3.14m
Headcount 10 11 11 10
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68
The decrease in operating expenses is attributable mainly to a decrease of one in the
foundation’s staff strength. The foundation has kept staff strength at a steady level.
However, as the number of programmes being implemented and monitored and the
foundation’s engagement with host community partners continue to grow, expenses
on travel and transport have also increased. For FY 2014/2015, the “expense-to-grants”
ratio of Temasek Foundation’s annual operating expenses (including depreciation) to
annual committed programme grants was 16.14%. The foundation continues to work
with host communities and expertise content partner institutions to derive a level of co-
funding from partners. Such co-funding helps to stretch the resources of the foundation
so that more programmes can be committed to. However, this also means that staff-
associated and travel expenses are incurred in the process. The intensive programme
co-development and co-monitoring work and the regular engagement of partners done
by the foundation differentiates it from pure grant-making foundations. Given this, the
“expense-to-grants” ratio compares favourably with international norms.
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STATEMENT BY DIRECTORS
In the opinion of the directors,
(a) the accompanying statement of financial activities, statement of financial position,
statement of changes in funds, statement of cash flows, and notes thereto are
drawn up so as to give a true and fair view of the state of affairs of the Foundation
as at 31 March 2015 and of the results, changes in funds and cash flows of the
Foundation for the reporting year then ended; and
(b) at the date of this statement there are reasonable grounds to believe that the
Foundation will be able to pay its debts as and when they fall due.
The Board of Directors approved and authorised these financial statements for issue.
On Behalf of the Directors
………………………………………...............… ………………………………………...............…
Mr Goh Geok Khim Mr Benedict Cheong Thiam Beng
Chairman Director and Chief Executive Officer
10 June 2015
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Report on the financial statements
We have audited the accompanying financial statements of Temasek Foundation CLG
Limited (“Foundation”), which comprise the statement of financial position as at 31
March 2015, and the statement of financial activities, statement of changes in funds and
statement of cash flows for the reporting year then ended, and a summary of significant
accounting policies and other explanatory information.
Foundation’s responsibility for the financial statements
The Foundation is responsible for the preparation of financial statements that give a
true and fair view in accordance with the provisions of the Singapore Companies Act,
Chapter 50 (the “Act”) and Singapore Financial Reporting Standards, and for devising and
maintaining a system of internal accounting controls sufficient to provide a reasonable
assurance that assets are safeguarded against loss from unauthorised use or disposition;
and transactions are properly authorised and that they are recorded as necessary to
permit the preparation of true and fair statements of financial activities and statements of
financial position and to maintain accountability of assets.
Auditor’s responsibility
Our responsibility is to express an opinion on these financial statements based on our
audit. We conducted our audit in accordance with Singapore Standards on Auditing.
Those standards require that we comply with ethical requirements and plan and perform
the audit to obtain reasonable assurance whether the financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditor’s
judgment, including the assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the Foundation’s preparation and fair presentation
of the financial statements in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of
INDEPENDENT AUDITOR’S REPORTTo the Members of Temasek Foundation CLG limited
Temasek Foundation Annual Report 2014/2015
71
the Foundation’s internal control. An audit also includes evaluating the appropriateness
of accounting policies used and the reasonableness of accounting estimates made by
management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion.
Opinion
In our opinion, the accompanying financial statements are properly drawn up in
accordance with the provisions of the Act and the Singapore Financial Reporting
Standards so as to give a true and fair view of the state of affairs of the Foundation as at
31 March 2015 and the result, changes in funds and cash flows of the Foundation for the
reporting year ended on that date.
Report on other legal and regulatory requirements
In our opinion, the accounting and other records required by the Act to be kept by the
Foundation have been properly kept in accordance with the provisions of the Act.
RSM Chio Lim LLP
Public Accountants and
Chartered Accountantws
Singapore
10 June 2015
Partner in charge of audit: Lock Chee Wee
Effective from year ended: 31 March 2015
Temasek Foundation Annual Report 2014/2015
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STATEMENT OF FINANCIAL ACTIVITIESYear Ended 31 March 2015
2015 2014
$ $
Incoming resources
Programme grants 19,042,099 21,187,499
Operating grants 2,986,067 3,338,915
Capital grants 125,359 105,158
Other income 28,131 30,568
Total incoming resources 22,181,656 24,662,140
Resources expended
Programme expenses 19,042,099 21,187,499
Depreciation of plant and equipment 125,359 105,158
Employee benefits expenses 2,444,371 2,626,261
General and administrative expenses 118,784 143,965
Professional and IT support charges 155,185 230,571
Rental, utilities and office maintenance 30,807 44,664
Travelling and transport 265,051 324,022
Total resources expended 22,181,656 24,662,140
Net incoming resources – –
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73
STATEMENT OFFINANCIAL POSITIONAs at 31 March 2015
2015 2014
$ $
ASSETS
Non-current assets
Plant and equipment 97,879 186,459
Total non-current assets 97,879 186,459
Current assets
Account receivables, current 337,674 416,804
Other assets, current 16,639 25,269
Cash and cash equivalents 3,755,457 3,240,379
Total current assets 4,109,770 3,682,452
Total assets 4,207,649 3,868,911
LIABILITIES
Current liabilities
Account payables, current 1,797,864 1,952,538
Total current liabilities 1,797,864 1,952,538
Total liabilities 1,797,864 1,952,538
Net assets 2,409,785 1,916,373
FUNDS 2,409,785 1,916,373
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STATEMENT OFCHANGES IN FUNDSYear Ended 31 March 2015
Programme Funds
Funds tonon – IPCentities
Funds toIPC entities
Funds forinternal
programmesOperating
fundsCapital funds Total
$ $ $ $ $ $
Current year:
Opening balance at 1 April 2014
638,575 66,765 –
893,572 317,461 1,916,373
Grants/income received
15,512,000 3,832,000 –
3,331,068 –
22,675,068
Grants utilised as incoming resources
(15,111,399) (3,848,335) (82,365) (3,014,198) (125,359) (22,181,656)
Transfer (134,441) 220 134,441 (220) – –
Closing balance at 31 March 2015
904,735 50,650 52,076 1,210,222 192,102 2,409,785
Previous year:
Opening balance at 1 April 2013 734,795 58,544 – 812,040 421,689 2,027,068
Grants/income received 16,193,970 4,905,530 – 3,451,945 – 24,551,445
Grants utilised as incoming resources (16,290,190) (4,897,309) – (3,369,483) (105,158) (24,662,140)
Transfer – – – (930) 930 –
Closing balance at 31 March 2014
638,575 66,765 – 893,572 317,461 1,916,373
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STATEMENT OF CASH FLOWSYear Ended 31 March 2015
2015 2014
$ $
Cash flows from operating activities
Receipts from grants and others 22,668,932 24,546,415
Payments to programme partners, suppliers and employees
(22,128,567)(24,425,985)
Net cash flows from operating activities 540,365 120,430
Cash flows from investing activities
Purchases of plant and equipment (36,779) (124,770)
Cash restricted in use 533,578 (554,547)
Interest received 11,492 2,891
Net cash flows from (used in) investing activities 508,291 (676,426)
Net increase (decrease) in cash and cash equivalents 1,048,656 (555,996)
Cash and cash equivalents, statement of cash flows, beginning balance
1,681,536 2,237,532
Cash and cash equivalents, statement of cash flows, ending balance (Note 10)
2,730,192 1,681,536
Note: The full Directors’ Report and Financial Statements is available at www.temasekfoundation.org.sg.
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CHIEF EXECUTIVE OFFICER
Benedict Cheong
DIRECTORS
Stanley Lee, Programmes & Partnerships
Joanne Ng, Programmes & Strategy
Gerald Yeo, Programmes & Partnerships
HEADS
Marcus Chia, Operations
Goh Jen-Kit, Programme Management
Caroline Tan, Communications
ASSOCIATE DIRECTOR
Shiran Ali, Programme Management
SENIOR ASSOCIATE
Diana Lee, Communications
ASSOCIATE (Special Contract)
Zhuang Jielin, Alumni and Relationships
SECRETARY
Jacqueline Ser
TEMASEK FOUNDATION STAFF TEAM
OUR PURPOSE & MISSION
To contribute to a bright future of hope and opportunities for
people in a connected and prosperous Asia
By:
Building People through Health Care, Education and Research;
Building Bridges between Peoples;
Building Institutions of Excellence through Governance and Ethics; and
Rebuilding Lives and Livelihoods affected by Natural Disasters.
OUR VALUES
MERITOCRACY
We support programmes based on merit and outcomes, and we recognise and reward our
team members based on merit and performance.
EXCELLENCE
We are passionate about delivering results through relevant and effective programmes,
always aiming for excellence in our work.
RESPECT FOR PEOPLE
We accord respect to individuals, communities and our fellow team members, and treat all
as valued partners.
INTEGRITY
We apply the highest ethical and professional standards in our conduct, communication
and decision-making.
INNOVATION
We constantly look for ways to improve and innovate, and foster on environment that
helps us learn from our successes and failures.
TEAMWORK
We value the diverse strengths of our partners and fellow team members, and harness
these to achieve our shared purpose and vision.
Temasek Foundation CLG Limited (Co. Regn No. 200702724G)
60B Orchard Road #06-18 Tower 2 The Atrium@Orchard Singapore 238891Tel : (65) 6828 6030 Fax: (65) 6821 1151 www.temasekfoundation.org.sg