Koon Yew Yin
On 15th Sept 2015, I met the Penang State EXCO which has accepted my RM 50 million donation under the following terms and conditions:
I wish to donate RM 50 million for building student hostels to help students studying in Penang, especially students from poor families, in their access to tertiary education.
1. All the RM50 million and the subsequent profit from the rental and other income must be used for building hostels and other associated buildings for the use of students studying in Penang. These students can come from Penang and other states in the country or even be foreign students in keeping with Penang’s need to draw on the best talent from a globalized world.
2. All construction contracts exceeding RM10,000 must be open to competitive tenders. Continue reading “Proposed RM 50 million donation to Penang State Government for building student hostels”