Sabah Earthquake Fund Receives S$982,000 to Help Rebuild Lives

Published Date: 09 December 2015 12:00 AM

News Press Releases

1. The ‘Sabah Earthquake Fund’ was set up in June 2015 for the dependents of Singaporeans who lost their lives, as well as the trainers and guides in Sabah who lost their lives or had their livelihoods affected by the earthquake on 5 June 2015. During the collection period from 23 June to 31 August 2015, individual and corporate well-wishers generously contributed to the Fund, which raised a total amount of S$982,000.

Disbursement of Fund

2. A Committee comprising representatives appointed by the Ministry of Education (MOE) and Temasek Foundation managed the manner in which the donations were allocated or used for beneficiaries specified by the donors. Donations with no specific beneficiaries were allocated based on the needs of the families by the Committee in its absolute discretion.

3. Singapore investment company Temasek matched all donations from its staff dollar-for-dollar. In addition, Temasek staff volunteers helped to structure the donations into insurance policies for dependents of the families of the late Mr Mohammad Ghazi Bin Mohamed, Mr Terrence Loo and Mr Muhammad Daanish Bin Amran to provide dependents with sustainable financial support. The policies will provide yearly payouts, with a lump sum payout upon maturity for their future needs.

4. S$100,000 in donations will be disbursed equally between the Mountain Torq trainers and Sabah mountain guides. S$50,000 will be given to Mountain Torq Sdn Bhd, the operator of the Via Ferrata on Mount Kinabalu, to support its trainers and staff. The recipients include the five trainers (including the late Mr Valerian Joannes and Mr Ricky Masirin through their families) who accompanied students from Tanjong Katong Primary School (TKPS) on Mount Kinabalu. The remaining S$50,000 will be channelled to the ‘Mount Kinabalu Earthquake Disaster Fund’ launched by Sabah Parks. The Mount Kinabalu Earthquake Disaster Fund will support the Sabah guides whose livelihoods have been affected by the earthquake, as well as those who, directly or indirectly, assisted in the safe evacuation of the TKPS students in the aftermath of the earthquake. The cheque presentation to Sabah Parks and Mountain Torq Sdn Bhd will take place at a Thank You Reception in Sabah in early 2016.

5. The distribution of the Fund will be made progressively over the next few months, after which the Sabah Earthquake Fund will be closed and audited.

Footnote:
  1. The Fund will also honour a pledge when the fourth child of the late Mr Mohammad Ghazi is born. The pledged amount is part of the $982,000 raised for the Fund.
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