Media OutReach

Tanoto Foundation Develops Impactful Future Leaders at Tanoto Scholars Gathering 2025

Published

3 months ago

27/08/2025

SINGAPORE – Media OutReach Newswire – 27 August 2025 – High unemployment among educated youth and a lack of leadership readiness are significant challenges on Indonesia’s path to its “Golden Indonesia 2045” vision. Data from Statistics Indonesia (BPS) in February 2025 indicated a national open unemployment rate of 4.76%, with 7.28 million people unemployed. Alarmingly, the unemployment rate for university graduates is even higher at 5.25%. This gap highlights that academic qualifications alone are insufficient for the demands of the modern workforce and future leadership roles.

To address this, graduates need to have not only technical competence but also strong soft skills, leadership abilities, a collaborative spirit and robust social awareness, especially in today’s volatile, uncertain, complex and ambiguous (VUCA) world.

Tanoto Foundation, an independent philanthropic organisation that catalyses systems change in education and healthcare founded by Sukanto Tanoto and Tinah Bingei Tanoto in 1981, is committed to nurturing university graduates to become impactful future leaders through its flagship TELADAN (Transforming Education to Produce Future Leaders) Programme. The TELADAN Programme provides scholarships to undergraduate students from 10 partner universities in Indonesia. What distinguishes the TELADAN Programme is its structured leadership training provided to its recipients, known as Tanoto Scholars, from their second to eighth semesters to enhance their leadership and soft skills.

Tanoto Scholars Gathering 2025: To Learn and To Lead
A key component of the TELADAN Programme is the Tanoto Scholars Gathering (TSG), an annual forum that brings together Tanoto Scholars from across Indonesia to learn, network and strengthen their leadership capabilities. This year’s TSG was held from July 24 – 26, 2025 at the RAPP Complex in Pangkalan Kerinci, Riau. The event was attended by 291 Tanoto Scholars from 10 partner universities: IPB University, Diponegoro University, Gadjah Mada University, Brawijaya University, Universitas Indonesia, University of North Sumatra, Bandung Institute of Technology, Hasanuddin University, Mulawarman University, Riau University, and Andalas University. Through the theme, “Learn & Lead: Becoming the Champion of Good”, Tanoto Scholars were encouraged to embody impactful and sustainable leadership.

Benny Lee, CEO of Tanoto Foundation, stated that the TSG aims to shape scholars into role models. “The core value we instil is that every Tanoto Scholar must be a role model for doing good. This philosophy of creating a positive impact is a legacy from our founders, Mr. Sukanto Tanoto and Mrs. Tinah Bingei Tanoto,” he said at the opening ceremony. “As future leaders, Tanoto Scholars must not only be examples but also lead others to do good. They have a responsibility to bring progress to society.”

Eduward Ginting, Chief Operating Officer of RAPP, who also opened the event, urged the scholars to become impactful leaders. “You are champions selected through a rigorous process. As chosen students, you must create an impact not only in your immediate surroundings but also on a broader scale for Indonesia,” said Eduward.

During her session at the start of TSG 2025, Veronica Tan, Deputy Minister of Women Empowerment and Child Protection, emphasised the importance of a positive mindset. “You must feed yourselves with things that build you up. Surround yourselves with a positive environment and supportive people,” she advised. “Intellect is important, but conscience is even more so. A sharp mind without a good character is useless. Therefore, be leaders with a conscience who bring positive impact to others”.

In his session, Professor Brian Yuliarto, Minister of Higher Education, Science, and Technology, called the university years a “golden time” for building networks, character and life vision. He shared 12 characters for success, including strong desire, self-belief, specialised knowledge, imagination and persistence. “We need smart people who produce breakthroughs that change the quality of life for society. They must be not just competent, but also relevant and contributive,” he concluded.

Adding another perspective, Angkie Yudistia, CEO of Thisable Enterprise, shared her inspiring journey of creating opportunities amid challenges. She recounted how losing her hearing at a young age motivated her to rise up and become a sociopreneur. Angkie urged the scholars to become future leaders who possess empathy, self-awareness and a strong commitment to equality and collaboration.

The TSG 2025 activities were designed to be immersive. Scholars participated in an industrial visit to a business group of the Royal Golden Eagle (RGE) – also founded by Sukanto Tanoto – to learn firsthand how a sustainable business is built and developed. They also engaged in an experiential leadership workshop and outbound activities to hone their teamwork, quick decision-making, and problem-solving skills. The overall goal is to equip Tanoto Scholars with relevant soft skills and a leadership mindset, preparing them to create a positive impact in any field they enter.

A Model for Leadership Development: The TELADAN Programme
Demonstrating its ongoing commitment, Tanoto Foundation’s TELADAN Programme offers a holistic leadership development model for students at its partner universities in Indonesia. This comprehensive scholarship goes beyond financial aid by providing structured training to build critical soft skills. The programme also provides support for its scholars to participate in international competitions, internships, and research projects.

Upon graduation, scholars join the global Tanoto Foundation alumni network, which spans across Indonesia and the world. Since 2006, the foundation’s scholarship programmes have benefited 8,559 students as of 2024.
Hashtag: #RGE #RoyalGoldenEagle #TanotoFoundation #TELADAN #Education #Leadership #GoldenIndonesia2045 #SocialImpact

https://www.tanotofoundation.org

The issuer is solely responsible for the content of this announcement.

About Tanoto Foundation

At Tanoto Foundation, we unlock human potential, help communities thrive, and create lasting impact. Founded in 1981 by Sukanto Tanoto and Tinah Bingei Tanoto, we are an independent family foundation that believes in providing every person with the opportunity to realise his or her full potential. To do so, we catalyse systems change in education and healthcare. Our approach is impact-first, collaborative and evidence-based. We invest for the long term and strive to develop leaders who can drive sustained, positive outcomes.

More information is available at www.tanotofoundation.org.

Media OutReach

Payment Options Singapore Secures In-Principle Approval from MAS for Major Payment Institution Licence

Published

17 hours ago

08/12/2025

Media Outreach

SINGAPORE – Media OutReach Newswire – 8 December 2025 – Payment Options Pte Ltd, a Singapore-based payment solutions provider, is pleased to announce that it has received In-Principle Approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) licence under the Payment Services Act 2019.

Payment Options Pte Ltd office in Singapore

This milestone underscores Payment Options’ commitment to supporting Singapore’s small and medium-sized enterprises (SMEs) with simple, secure, and accessible digital payment solutions.

If granted the licence, Payment Options Pte Ltd will be authorised to provide three regulated payment services: Merchant Acquisition, Domestic Money Transfer, and Cross-Border Money Transfer. Through these services, the company aims to empower SMEs with a full suite of payment capabilities — from online payment gateways and QR code payments to the upcoming SoftPOS payments technology — enabling merchants to accept digital payments easily and securely.

“We remain deeply committed to supporting Singapore’s SMEs as they grow and compete in an increasingly digital-first economy. Our vision is to position digital payments as a growth enabler — not a challenge — for small businesses”, said Aaron Yip, Director of Payment Options Pte Ltd. “Our goal is to make digital transactions seamless, secure, and accessible for every business, regardless of size.”

Building on this vision, if the licence is granted, Payment Options will continue to work closely with local merchants, financial institutions, and technology partners to enhance payment accessibility and drive innovation across Singapore’s SME ecosystem.

“We reaffirm our commitment to regulatory compliance and innovation, as we contribute to Singapore’s ongoing journey toward a secure, inclusive, and cash-lite economy.”

The IPA granted by the MAS indicates that a licence may be issued upon the fulfilment of specified conditions and provided there are no material adverse developments affecting the applicant. The IPA does not constitute a licence to provide payment services at this stage, and MAS reserves the right to rescind the approval if it deems appropriate.
Hashtag: #PaymentOptions

https://www.paymentoptions.com/
https://www.linkedin.com/company/payment-options/
https://www.facebook.com/PaymentOptions.int/
https://www.instagram.com/payment.options/

The issuer is solely responsible for the content of this announcement.

About Payment Options Pte Ltd

Payment Options Pte Ltd is a Singapore-based financial technology company providing innovative and secure payment solutions designed to help SMEs and merchants simplify digital transactions. With a focus on compliance, technology, and customer experience, the company aims to make digital payments accessible for every business.

Media OutReach

Financial Assistance at SIM: Breaking Barriers to Education

Published

18 hours ago

08/12/2025

Media Outreach

SINGAPORE – Media OutReach Newswire – 8 December 2025 – For many aspiring learners, financial constraints remain one of the biggest obstacles to achieving their goals. SIM is determined to change that. Guided by the principle that no student should be left behind because of cost, SIM has built a comprehensive ecosystem of financial aid, scholarships, and bursaries to make quality education attainable for all.

At the heart of this mission is the SIM Impact Fund, a S$60 million initiative dedicated to empowering students from diverse backgrounds and ensuring that financial hardship never stands in the way of academic or personal growth. By blending need-based assistance with merit-driven opportunities, SIM is creating an inclusive learning environment where talent and ambition define success.

Empowering Learners Through the SIM Impact Fund

In 2024, SIM introduced the SIM Impact Fund, a S$60 million initiative dedicated to supporting students from lower-income households and ensuring that financial constraints do not hinder educational aspirations. Administered through SIM Trust, the fund is designed to empower learners within and beyond SIM’s community by removing barriers to access. Beginning in 2025, Singapore Citizens and Permanent Residents with a per-capita income of S$1,750 or below can benefit from tiered assistance, ranging from S$6,000 up to S$13,500 for those with PCI of S$600 or less, S$4,500 to S$6,750 for PCI between S$601 and S$1,000, and S$2,000 for PCI between S$1,001 and S$1,750. Beyond tuition aid, the fund also provides support for overseas internships and merit-based scholarships, benefiting approximately 500 students annually.

Beyond Tuition: Comprehensive Financial Aid

SIM’s commitment to learning accessibility goes far beyond tuition subsidies. Through its Financial Assistance schemes, students can tap into a range of support options tailored to different needs. These include Enhanced Bursaries Aid, which provide up to S$13,500 per year for Singapore Citizens, and a SIM GE Crisis Fund offering emergency relief of up to S$5,000 for unforeseen circumstances. In addition, SIM encourages global exposure through Study Abroad Awards, enabling students to broaden their horizons without financial strain. Together, these initiatives reflect SIM’s ethos of inclusivity and resilience, ensuring that financial challenges never derail academic aspirations.

Community-Focused Support

The Dr Richard K M Eu – SIM Social Entrepreneurship Centre (RESSEC) exemplifies SIM’s deep-rooted commitment to community empowerment and social impact. Launched in July 2024 in partnership with the late Dr Eu’s family,

RESSEC received a combined S$8 million donation, S$6 million from the Eu family and S$2 million from SIM, marking a significant investment in nurturing social entrepreneurship. Guided by Dr Eu’s vision of transforming social service through ethical leadership and innovation, the Centre equips learners and social service professionals via initiatives such as a specialised postgraduate Diploma in Social Entrepreneurship, mentorship, and collaborative dialogues.

RESSEC also provides 12 bursaries of S$10,000 each for SIM Global Education students (check that this is accurate and that it’s not also extended to those outside the SIM ecosystem) who demonstrate strong community service and leadership and those with per-capita income up to S$1,750, prioritising those with per-capita income less than S$1,000. Through this initiative, SIM embeds purpose-driven learning into its mission, empowering students to create sustainable, positive impact in Singapore and beyond

Scholarship for Excellence

SIM offers a diverse range of scholarships under SIM Global Education to recognize excellence and resilience among its students. These include the SIM STARRR Award, which provides up to S$36,000 to outstanding achievers who demonstrate academic distinction and leadership qualities, and the Sports & Arts Talent Award, also valued at S$15,000 for students who excel in athletic or artistic pursuits. Additionally, the Chairman’s Award for Resilience grants S$3,000 to students who successfully balance work and study commitments, showcasing perseverance in the face of challenges. Together, these scholarships complement SIM’s need-based financial aid, creating a holistic support system that rewards merit while ensuring inclusivity.

Conclusion: Building a Future Without Barriers

SIM’s financial assistance framework is more than a set of policies, it is a promise to the community. By investing in initiatives like the SIM Impact Fund and expanding bursaries and scholarships, SIM is actively dismantling the barriers that prevent talented individuals from reaching their potential. This approach does not just benefit students, it strengthens society by cultivating a diverse pool of graduates equipped to lead, innovate, and give back. In a world where education often comes with a hefty price tag, SIM stands out as a beacon of accessibility and empowerment. For students and families seeking assurance that quality education is within reach, SIM offers not just hope but a clear, actionable path forward.

References:

Bursaries & Financial Aid (Enhanced) – https://www.sim.edu.sg/degrees-diplomas/admissions/bursaries-and-financial-aids
Dr Richard K M Eu – SIM Social Entrepreneurship Centre (RESSEC) – https://www.sim.edu.sg/degrees-diplomas/sim-global-education/ressec
The Dr Richard K M Eu – SIM Social Entrepreneurship Centre (RESSEC) Opens to Advance Singapore’s Social Sector – https://www.sim.edu.sg/news-events/the-dr-richard-k-m-eu-sim-social-entrepreneurship-centre-%28ressec%29-opens
SIM Scholarship – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships
SIM’s STARRR Award – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships/sim-starrr-award-for-new-undergraduate-students
SIM Award and Sports & Artistic Award – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships/sim-global-education-scholarship
SIM Global Education Diploma Scholarships – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships/sim-global-education-diploma-scholarships
Chairman’s Award for Resilience – https://www.sim.edu.sg/degrees-diplomas/admissions/scholarships/chairman-s-award-for-resilience

Hashtag: #SIMGlobalEducation #SIMGE #GlobalEducation #InternationalDegree #CareerReady #FutureSkills

The issuer is solely responsible for the content of this announcement.

About SIM Global Education

SIM Global Education (SIM GE) is a leading private education institution in Singapore and the region. We offer more than 140 academic programmes ranging from diplomas and graduate diploma programmes to bachelor’s and master’s degree programmes with some of the world’s most reputable universities from Australia, Canada, Europe, United Kingdom, and the United States. SIM GE’s cohort is made up of 16,000 full- and part-time students and adult learners, of which approximately 36% are international students hailing from over 50 countries.

SIM GE’s holistic learning approach and culturally diverse learning environment aim to equip students with knowledge, industry skills and employability competencies, as well as a global perspective to succeed as future leaders in a fast-changing, technologically driven world.

For more information on SIM Global Education, visit sim.edu.sg

Media OutReach

Beyond Academic Excellence: SIM Scholarships Champion Leadership, Resilience, and Talent

Published

1 day ago

07/12/2025

Media Outreach

SINGAPORE – Media OutReach Newswire – 7 December 2025 – The Singapore Institute of Management (SIM) is proud to reaffirm its commitment to developing future-ready graduates through a comprehensive scholarship framework that goes beyond academic achievement. These scholarships are designed to recognize and nurture qualities such as leadership, resilience, and talent. These attributes are essential for success in today’s dynamic global environment.

For decades, scholarships have been synonymous with academic excellence. SIM is redefining this narrative by adopting a holistic approach that values character, contribution, and courage alongside academic performance. This initiative reflects SIM’s mission to prepare graduates who are adaptable, innovative, and socially responsible.

Scholarships That Go Beyond Academics

SIM’s scholarship ecosystem reflects its belief that success is multidimensional. Rather than focusing solely on grades, these awards celebrate qualities such as resilience, leadership, and talent. The SIM STARRR Award, for instance, supports freshmen who embody Resilience, Resourcefulness, and Responsibility, offering up to S$36,000 in tuition fees, along with living and exchange allowances, without any bond requirement.

For students who shine in sports or the arts, the SIM Award & Sports/Artistic Talent Award provides S$15,000, disbursed in two tranches, to help them balance academic and extracurricular excellence.

International students pursuing diploma programmes can benefit from the Diploma Scholarships, which cover up to 100% of course fees for academic excellence or 50% for merit-based achievements.

For working adults who have overcome significant challenges, the SIM Chairman’s Award for Resilience offers S$3,000, recognizing perseverance and determination in the face of adversity.

Stories That Inspire

SIM’s scholarships are more than financial aid. They are catalysts for transformation, opening doors for students to turn challenges into triumphs. Take Ernita Tanudjaja, an international student who refused to let pandemic disruptions derail her ambitions. Instead, she leveraged technology to livestream events and boost engagement, showcasing resilience and resourcefulness.

Similarly, Chow Kah Ying, an ICU nurse, managed the intense demands of frontline healthcare during COVID-19 while completing her degree, showcasing perseverance and purpose. Likewise, Michelle Seah transformed O-level failure into triumph, excelling in javelin and academics to earn the SIM Sports & Artistic Talent Award, proof that determination and discipline can rewrite any story.

These journeys reflect SIM’s unwavering belief that leadership and resilience matter as much as grades, and that true achievement lies in character and contribution as much as in academic performance.

The Broader Vision

SIM’s scholarships represent more than financial assistance. They serve as a strategic platform for transformation and growth. Recipients benefit from networking opportunities that connect them with alumni and industry leaders, fostering mentorship and career development. Many scholarships also provide international exposure through exchange programmes that broaden perspectives and enhance global competencies.

In addition to academic achievement, students cultivate essential life skills such as leadership, resilience and adaptability through experiential learning and community engagement. These qualities equip graduates to excel in uncertain environments and contribute meaningfully to society.

This commitment reflects SIM’s core belief that education is not limited to examinations. It is about shaping leaders who create impact and drive positive change in a rapidly evolving world.

References: