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AIA Foundation celebrates 30th anniversary with award of AIA Scholarships to the 5th cohort and launch of “AIA Purpose in Action” initiative

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AIA senior management, scholars and graduates, together with singer Hins Cheung shared the purpose of inspiring a more sustainable Hong Kong

HONG KONG SAR – Media OutReach Newswire – 7 October 2025 – On 3 October 2025, at the AIA Scholarships ceremony, AIA Foundation awarded scholarships to 100 outstanding undergraduate students selected from a highly competitive pool of applicants as the 5th cohort. The event also commemorated the AIA Foundation’s 30th anniversary and celebrated the graduation of the 2nd cohort of AIA Scholarships awardees. AIA Foundation also announced the launch of the “AIA Purpose in Action” initiative, which aims to promote education, health, and community development, underscoring its ongoing dedication to nurturing future leaders in Hong Kong.

Mr. Jacky Chan, AIA Regional Chief Executive and Group Chief Distribution Officer; Co-chairman, AIA Scholarships Committee (fourth from left); Mr. Stuart A. Spencer, AIA Group Chief Marketing Officer; Co-chairman, AIA Scholarships Committee (third from left); Mr. Alger Fung, Chief Executive Officer, AIA Hong Kong & Macau; Director of AIA Foundation (fourth from right); Ms. Melissa Wong, Chief Customer & Marketing Officer, AIA Hong Kong & Macau; Director of AIA Foundation (second from left); and Ms. Maylie Lee, Chief Human Resources Officer, AIA Hong Kong & Macau; Director of AIA Foundation (third from right), along with Mr. Hins Cheung, singer and AIA Rethink Healthy ambassador (fifth from right) and representatives from partners including Microsoft Hong Kong and Macau, HandsOn Hong Kong, and AIA Vitality Hub, announced the launch of “AIA Purpose in Action”.

The AIA Scholarships provides more than just financial support; it represents confidence in the ability of young people to contribute to Hong Kong’s future. In 2020, AIA committed US$100 million to support 100 undergraduate students each year from various universities in Hong Kong. The AIA Foundation grants the scholarships in collaboration with 10 universities in Hong Kong, and to date:

  • Has supported nearly 500 scholars
  • Has celebrated more than 140 scholar graduates

Alongside financial assistance, AIA Scholarships awardees can also take part in a wide range of networking events, learning and professional development programmes, and community service initiatives provided by the AIA Foundation. These opportunities offer them a broad educational experience, helping develop well-rounded individuals with a strong commitment to social responsibility.

Mr. Jacky Chan, AIA Regional Chief Executive and Group Chief Distribution Officer; Co-chairman, AIA Scholarships Committee (seventh from left); Mr. Stuart A. Spencer, AIA Group Chief Marketing Officer; Co-chairman, AIA Scholarships Committee (sixth from right); and Mr. Alger Fung, Chief Executive Officer, AIA Hong Kong & Macau; Director of AIA Foundation (sixth from left), are pictured with representatives of the 10 universities at the celebration ceremony for the fifth cohort of AIA Scholarships recipients.
Mr. Jacky Chan, AIA Regional Chief Executive and Group Chief Distribution Officer; Co-chairman, AIA Scholarships Committee (seventh from left); Mr. Stuart A. Spencer, AIA Group Chief Marketing Officer; Co-chairman, AIA Scholarships Committee (sixth from right); and Mr. Alger Fung, Chief Executive Officer, AIA Hong Kong & Macau; Director of AIA Foundation (sixth from left), are pictured with representatives of the 10 universities at the celebration ceremony for the fifth cohort of AIA Scholarships recipients.

At the ceremony, Mr. Jacky Chan, AIA Regional Chief Executive and Group Chief Distribution Officer, and Mr. Stuart A. Spencer, AIA Group Chief Marketing Officer — both Co-chairmen of AIA Scholarships Committee — expressed that the AIA Scholarships serves as a platform for nurturing future leaders, encouraging young people not only to pursue academic excellence but also to make meaningful contributions to society beyond academics.

Group photo of representatives from AIA Foundation, university representatives, representatives from partners, AIA Scholars, and graduates.
Group photo of representatives from AIA Foundation, university representatives, representatives from partners, AIA Scholars, and graduates.

Mr. Hins Cheung, a well-known singer and AIA Rethink Healthy ambassador, joined scholar and scholar graduate representatives, together with Mr. Alger Fung, Chief Executive Officer, AIA Hong Kong & Macau, and Director of AIA Foundation. They shared personal experiences of resilience, compassion and purpose, inspiring the audience to see how empathy and connection in daily life can help create a community focused on living Healthier, Longer, Better Lives.

Mr. King Chan, the scholar representative, shared how the AIA Scholarships has empowered him to pursue his dream with courage: “AIA Scholarships provided me with the resources to participate in an overseas exchange programme and explore paths I had never imagined. After personally experiencing the importance of mental health support, I became determined to become a clinical psychologist and enable mental health services to become more accessible and affordable. The scholarship has further strengthened my commitment to providing psychological support to more people regardless of financial circumstances.”

Mr. Alger Fung, Chief Executive Officer, AIA Hong Kong & Macau; Director of AIA Foundation (first from left), Mr. Hins Cheung, singer and AIA Rethink Healthy ambassador (third from left), along with scholar and graduate representatives, shared how they bring their pledges to life by making a positive difference in the community.
Mr. Alger Fung, Chief Executive Officer, AIA Hong Kong & Macau; Director of AIA Foundation (first from left), Mr. Hins Cheung, singer and AIA Rethink Healthy ambassador (third from left), along with scholar and graduate representatives, shared how they bring their pledges to life by making a positive difference in the community.

Ms. Mabel Ng, the graduate representative, reflected on how the AIA Scholarships helped her firmly uphold her beliefs despite adversity. “Growing up with limited financial resources has shaped my determination to help families facing similar challenges. The AIA Scholarships gave me the strength to overcome difficult times and affirmed my potential. This belief has empowered me to view every challenge as an opportunity to learn and grow. Through these experiences, I found my calling; I aspire to pursue a career in education, where I can pass on the knowledge and encouragement that I have received, to make a lasting and positive impact on the lives of others.”

AIA Rethink Healthy ambassador Mr. Hins Cheung, AIA Scholars and graduates.
AIA Rethink Healthy ambassador Mr. Hins Cheung, AIA Scholars and graduates.

AIA Foundation has also introduced the new “AIA Purpose in Action” initiative (the “Initiative”), which aims to broaden AIA Foundation’s impact beyond just financial support. The Initiative features a series of curated experiences for the AIA Scholarship scholars and graduates, aiming to advance education, health, and community development in line with its charitable purposes. These activities will cover areas such as social well-being, mental wellness, and physical health, and will be delivered in partnership with organisations such as Microsoft Hong Kong and Macau (AI and professional development), HandsOn Hong Kong (volunteering), AIA Vitality Hub (mental wellness), and Tottenham Hotspur Football Club (physical health) ^.

The activities of the Initiative include inspirational talks, workshops, volunteering opportunities, and training sessions, highlighting AIA Foundation’s dedication to advancing education, health, and community development. By taking part in the Initiative, AIA Scholarships scholars and graduates can connect with each other and various groups, building valuable relationships and expanding their networks within broader communities.

As the AIA Foundation marks its 30th anniversary, the AIA Scholarships continues to support its mission of empowering students to pursue higher education, expand their perspectives, and encourage them to give back to Hong Kong. The selection process considers academic achievement, community service, and financial need. By investing in today’s youth, AIA Scholarships aims to develop socially responsible leaders who will help create a more sustainable society.

Hashtag: #AIAFoundation

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

About AIA Foundation

AIA Foundation was established in 1995 with its commitment on the advancement of education and health, the relief of poverty, sickness and disability, and the advancement of environmental protection and community development through diverse charitable activities to create shared value. AIA Foundation focuses on nurturing children and youth with its long-term commitment to cultivate a healthier and more productive future human capital. AIA Foundation strives on the advancement of health helping people live Healthier, Longer, Better Lives, and actively supports the less privileged aiming to contribute to the community at large.

For more information about AIA Foundation and the AIA Scholarships, please visit our .

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SIM and the True Worth of Education: Beyond Tuition Fees

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SINGAPORE – Media OutReach Newswire – 7 December 2025 – As Singaporean families plan for higher education, tuition costs often dominate the conversation. However, the more critical consideration lies in understanding the relationship between cost and value. This article provides an in-depth understanding of the financial implications of pursuing studies at local public universities, private institutions such as SIM, and overseas universities, while highlighting SIM’s distinctive proposition that extends beyond competitive pricing.

Local Public Universities: Affordable and Prestigious

Singapore’s autonomous universities remain among the most cost-effective options for Singapore citizens, thanks to the Ministry of Education’s Tuition Grant. For example, undergraduate programs at NUS and NTU cost around S$8,250 per year for Singaporeans, while SMU averages S$11,500 annually. Other institutions such as SUTD, SUSS and SIT fall within similar ranges, typically between S$8,000 and S$13,500 per year. Over a three- to four-year degree, this translates to roughly S$25,000 to $54,000 in tuition fees.

The autonomous universities offer strong reputations and excellent graduate outcomes, but entry to some programme is highly competitive, and program flexibility may be limited compared to private or overseas options.

Overseas Universities: Prestige Comes at a Price

For families considering an overseas education, costs escalate dramatically. Tuition at U.S. private universities averages US$50,000 to US$60,000 per year (about S$70,000 to S$84,000), with living expenses adding another US$10,000 to US$15,000 annually. In the UK, fees range from £10,000 to £38,000 per year (approximately S$17,000 to $65,000), while Canada and Australia typically charge S$14,000 to $28,000 for tuition alone. Factoring in accommodation, travel, and insurance, a four-year overseas degree can easily exceed S$150,000.

While these programs offer prestige and cultural immersion, they also involve significant financial, visa, and lifestyle considerations.

SIM Global Education: International Degrees at Local Cost

SIM offers a compelling alternative for students seeking global credentials without the high cost of studying abroad. Through partnerships with leading universities from the UK, Australia, the U.S., Canada, and Europe, SIM delivers more than 140 programs in Singapore, allowing students to earn internationally recognized degrees, essentially the same degree if you studied overseas, but locally at SIM. Tuition fees vary by program, for example, a University of London BSc ranges from S$26,685 to S$42,835, a University of Birmingham top-up degree costs S$42,000 to S$57,100, and a degree from the University at Buffalo falls between S$41,700 and S$74,600 for Singaporeans.

Beyond competitive pricing, SIM emphasizes value. Degrees are awarded by partner universities and aligned with global academic standards. The institution holds EduTrust Star certification and ISO accreditation, ensuring the best quality assurance. Students benefit from bond-free scholarships and bursaries, as well as Career Connect services that provide internships, mentoring, and employer networking. Graduate outcomes are strong, with nearly 80% of SIM graduates securing employment within six months of graduation.

Why Value Matters as Much as Cost

Choosing a degree isn’t just about tuition fees, it’s about the total investment, which includes living costs, global recognition, and career outcomes. Local autonomous universities such as NUS, NTU, and SMU remain highly attractive for their subsidized fees and strong reputations, making them one of the most cost-effective options for Singaporeans. However, entry is competitive, and program flexibility may be limited.

On the other end of the spectrum, overseas universities offer prestige and cultural immersion but often come with six-figure costs and additional living expenses. This is where SIM provides a strategic middle ground, delivering internationally recognized degrees from leading global universities at local cost. Students gain access to global curricula, industry-ready skills, and career networks without the financial burden of relocating overseas. For families seeking international exposure at sustainable costs, SIM combines affordability with the value of global education

References:

  1. NUS Fees for Undergraduate Programmes – https://www.nus.edu.sg/registrar/docs/info/administrative-policies-procedures/ugtuitioncurrent.pdf
  2. NTU Fees for Undergraduate Programmes – https://www.ntu.edu.sg/docs/default-source/onestop@sac/2025/tuition-fees-ft-ay2025_12mar25.pdf?sfvrsn=b8c5474_1
  3. SMU Fees for Undergraduate Programmes – https://admissions.smu.edu.sg/financial-matters/tuition-fees-grant
  4. SUTD Fees for Undergraduate Programmes – https://www.sutd.edu.sg/admissions/undergraduate/education-expenses/fees/tuition-fees/
  5. SUSS Fees for Undergraduate Programmes – https://www.suss.edu.sg/admissions/financial-matters/tuition-fee-subsidy/full-time-undergraduate
  6. SIT Fees from Undergraduate Programmes – https://www.suss.edu.sg/admissions/financial-matters/tuition-fee-subsidy/full-time-undergraduate
  7. Comparison of Tuition Fees in US, UK, Canada and Australia – https://uninist.com/blog/financial-planning/comparison-of-tuition-fees-guide
  8. How much does college cost in 2025 – https://research.com/universities-colleges/how-much-does-college-cost
  9. Price of attending undergraduate institutions – https://nces.ed.gov/programs/coe/indicator/cua
  10. University of London Bachelor Degree – https://www.sim.edu.sg/degrees-diplomas/programmes/programme-listing?academic=2%7C&programmetype=1%7C3&university=1%7C
  11. University of Brimingham Bachelor Degree – https://www.sim.edu.sg/degrees-diplomas/programmes/programme-listing?academic=2%7C&programmetype=1%7C3&university=10%7C

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

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A-Level vs Polytechnic: Understanding different pathways offer competitive edge at SIM

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SINGAPORE – Media OutReach Newswire – 6 December 2025 – Singapore’s education system offers two popular tertiary pathways after post-secondary, A-Levels through Junior Colleges and Polytechnic diplomas. Both leading to higher education but differ in focus. A-Levels are academically rigorous and theory-driven, preparing students for university through subject-based learning over two years at junior colleges or three years at Millennia Institute.

Conversely, Polytechnic programmes emphasize applied learning, incorporating projects and industry attachments, and culminate in a diploma after three years. Understanding how these distinct approaches translate into admission considerations at SIM, one of Singapore’s leading private education institutions, is essential.

For students and parents, evaluating these options is critical to determining which pathway offers the greatest advantage in today’s competitive education landscape.

Applying with A-Levels

For students who have completed A-Levels, SIM requires applicants to meet the academic and English language criteria specified for each degree programme. According to SIM’s admissions process, candidates must submit their GCE A-Level certificates and transcripts along with other supporting documents. Entry is subject to programme-specific requirements set by SIM and its universities partner from Australia, Canada, Europe, the United Kingdom, and the United States. This pathway allows applicants to begin their degree studies immediately after junior college, provided they meet the specific entry requirements for their chosen programme.

Applying with a Polytechnic Diploma

Polytechnic graduates may be eligible for advanced standing and credit exemptions when applying to SIM’s degree programmes. The amount of exemption depends on the relevance of the diploma and the chosen degree. For example, IT-related diplomas from local polytechnics can receive up to two years of credit exemptions for certain programmes, such as those offered by the University of Wollongong, provided the applicant meets GPA requirements (typically 2.0 or above). Other diplomas may receive partial exemptions on a case-by-case basis. These exemptions reduce both time and cost, making SIM an attractive option for Polytechnic graduates who want to build on their applied learning experience.

Why It Matters

According to the Ministry of Education (MOE) statistics in 2021, roughly one in three Polytechnic graduates progress to local autonomous universities, compared to about four in five A‑Level and International Baccalaureate graduates. This gap underscores the importance of additional pathways such as SIM, which enable Polytechnic graduates to earn globally recognised degrees and expand their career prospects.

Student Stories: Two Potential Paths to Success at SIM

At SIM, students have the flexibility to shape their academic journey based on their background and career goals. For some, it’s about gaining a head start; for others, it’s about leveraging credit exemptions to fast-track progress. Ashley Ong and Violet Weng exemplify these two pathways, each leading to success in its own way.

Ashley Ong, an A-Level graduate, chose to begin her degree journey with the University at Buffalo Bachelor of Science in Business Administration. She embraced every opportunity SIM offered such as internships, hackathons, and networking events, building practical skills and global perspectives that prepared her for a competitive business world.

Meanwhile, Violet Weng, a Singapore Polytechnic graduate, opted for a different approach. While pursuing her RMIT Bachelor of Business (Economics and Finance), Violet leveraged SIM’s credit exemptions to shorten her study duration and reduce costs, all while working full-time. This flexibility allowed her to balance work and study, accelerate graduation, and advance her career without compromise.

Both stories highlight SIM’s commitment to offering customized pathways for students whether you’re starting fresh or building on prior learning.

Conclusion

Whether you come from an academic route like A-Levels or an applied learning path through Polytechnic, the journey to a degree can look very different. A-Level graduates often enjoy a head start with direct entry, while Polytechnic graduates benefit from credit exemptions that recognize their practical skills. Both pathways reflect Singapore’s evolving education landscape where flexibility and global opportunities matter more than ever.

References:

  1. MOE Post-Secondary – https://www.moe.gov.sg/post-secondary/
  2. SIM Application Process – https://www.sim.edu.sg/degrees-diplomas/admissions/application-process
  3. SIM-UOW Credit Exemption Table – https://www.sim.edu.sg/getmedia/9c0ad90d-5910-4d47-b044-f815188a4b16/sim002856.pdf
  4. MOE Education Statistics Digest – https://www.moe.gov.sg/about-us/publications/education-statistics-digest
  5. Polytechnic graduates progression and subsidies for PEIs – https://www.moe.gov.sg/news/parliamentary-replies/20210510-polytechnic-graduates-progression-and-subsidies-for-peis
  6. askST: How many uni places are there for Singaporeans? Is there a quota for poly grads? – https://www.straitstimes.com/singapore/how-many-uni-places-for-locals-any-quota-for-poly-grads
  7. How 6 internships, 4 hackathons, and CCAs paved the way for Ashley – https://www.sim.edu.sg/articles-inspirations/how-6-internships-4-hackathons-and-ccas-paved-the-way-for-ashley
  8. How this graduate pivoted her career by pursuing a degree while working full time – https://www.sim.edu.sg/articles-inspirations/how-this-graduate-pivoted-her-career-by-pursuing-a-degree-while-working-full-time

Hashtag: #SIMGlobalEducation #SIMGE

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

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K. Wah Group Donates Additional HK$12.07 Million for Tai Po Recovery

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Chairman Mr. Francis Lui Urges Public to Turn Compassion into Action and Vote 7 December

HONG KONG SAR – Wechat: 嘉华集团 K. Wah Group

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

About K. Wah Group

K. Wah Group was founded in 1955 by Dr. Lui Che Woo and has since grown into a diversified multinational corporation. Its core businesses span property development and investment, integrated resort and entertainment, hospitality, and construction materials.

The Group has a strong presence in Mainland China, Hong Kong, Macau, Southeast Asia, and key international markets. Its major subsidiaries include two Hong Kong-listed flagships: K. Wah International Holdings Limited (HKEX: 00173), focused on premium property development and investment; and Galaxy Entertainment Group Limited (HKEX: 00027), a constituent of the Hang Seng Index and a leading gaming and entertainment operator in Macau. Other key members of the Group include Stanford Hotels International and K. Wah Construction Materials Limited. Today, K. Wah Group comprises over 200 subsidiaries worldwide.

Website:

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