Time for local firms to support S'pore athletes
IT WAS in 2013 when the Singapore government announced that it would give out S$40 million in sports scholarships over a five-year period; each athlete would get up to S$90,000 a year to train full-time in their respective sport.
Among the first batch of 66 recipients that year was an 18-year-old named Joseph Schooling, a swimmer who, just a week ago, outswam the mighty Michael Phelps in the men's 100-metre butterfly final to clinch Singapore's first Olympic gold medal.
That shiny piece of metal around his neck did not come delivered to him on a platter, nor did it come without much financial strain.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access