STANDARD Chartered Bank (StanChart) has contributed S$1 million to Digital for Life, a national movement that supports community projects to equip Singaporeans with digital skills.
Keppel Corporation also made a donation of S$300,000 to the initiative, which was set up by the Infocomm Media Development Authority (IMDA). These two donations are in addition to the S$2.5 million contribution from an earlier President's Challenge fund-raising campaign. The government matched the amount of S$3.8 million dollar-for-dollar, which takes the total funding to S$7.6 million.
Through Digital for Life, StanChart will help youths capture opportunities in the digital economy. This feeds into its global Futuremakers programme, which seeks to support youth education, employability and entrepreneurship to promote economic inclusion.
The bank's donation will also go towards supporting senior citizens in achieving digital literacy. This builds upon its previous collaboration with IMDA, which began in 2017 as part of Silver Lining, the bank's community programme to address the issues of an ageing population.
In its previous support, over 650 employees participated in digital clinics and key events for seniors, and made use of their three days of volunteering leave to provide personalised consultations.
The funds pledged by StanChart were raised late last year in the Standard Chartered Singapore Marathon 2020 grand final on a per kilometre basis. Last year's marathon saw close to 13,000 runners from Singapore to cover over 106,000km in a virtual race.
Keppel's donation is part of its S$4.2 million care package to support communities affected by Covid-19. The package comprises voluntary contributions made by directors, management and staff, with matching donations from Keppel Corporation.
Keppel's donation to Digital for Life is expected to benefit more than 2,000 seniors in Singapore. The donation will, among other things, provide fully subsidised smartphones and mobile plans, including those under IMDA's Mobile Access for Seniors scheme.