Innovation & Focus - temasekfoundation- · PDF filecontinue to stream in. In Financial Year 2014/2015, we supported 9 programmes ... Jollibee Foods Corporation ADVISOR Dr Law Song

Temasek Foundation Annual Report 2014/2015

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Innovation & FocusBUILDING A SHARED FUTURE IN ASIATEMASEK FOUNDATION ANNUAL REPORT 2014/2015


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CONTENTS

04 Chairman’s Message

08 Board of Directors & Advisors

12 Building People: Health Care

18 Building People: Education

24 Building Bridges between Peoples

32 Building Institutions of Excellence

40 Rebuilding Lives & Livelihoods

44 Overview of Grants & Outreach

47 Our Partners

62 Financial Statements


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ABOUT TEMASEK FOUNDATION

Set up by Temasek, an investment company

based in Singapore, Temasek Foundation is a

Singapore philanthropic organisation that seeks

to build a more prosperous, stable and connected

Asia through building human and social capital.

Working with expertise institutions from Singapore

and the region, we support training programmes

that build capabilities in health care, education,

public administration and disaster-response, and

programmes that promote positive networks of

cooperation in and across communities in Asia.

WHAT WE DO

Engage Communities, Enable Partners,

Support Programmes to

Build People in Health Care

Build People in Education

Build Bridges between Peoples

Build Institutions of Excellence

Rebuild Lives & Livelihoods Affected by Natural Disasters


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A leader is best when people barely know he exists. When his work is done, his aim fulfilled, they will say ‘we did it ourselves.’”

Lao Tzu

“


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Chairman’s Message

…many of the focus areas of Temasek Foundation’s work – education (in particular technical and vocational education), public policy and administration, urban governance and management, international trade, and so on – are inextricably linked to Mr Lee’s foresight, vision and hands-on leadership in these areas.”

“

As we entered the last quarter of Financial

Year 2014/2015 and into calendar year

2015, we in Singapore experienced

the gradual ramping up of events to

commemorate 50 years of Singapore’s

nationhood. As a small island nation, with

no hinterland and no resources other than

our people, Singapore owes its current

success to our pioneer generation of

leaders and people who sacrificed much

and worked hard. Our pioneer leaders had

the foresight to invest in our people in

education and health care, to build public

institutions to support the development

of Singapore well beyond the pioneer

phase, to develop urban Singapore as a

liveable and sustainable city, to promote

international trade and attract foreign

investments to drive our economy, and to

imbue values such as integrity, meritocracy

and multi-racialism.

The last quarter of the financial year also

saw the passing of Singapore’s first Prime

Minister and our nation’s founding father,

Mr Lee Kuan Yew on 23 March 2015. We at


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Temasek Foundation joined the nation to

mourn our loss. Leaders from across the

globe paid tribute to Mr Lee, recognising

his pivotal role in the development of

modern Singapore and his considerable

contributions in the areas of international

economy, development and relations in

Asia and, indeed in the world. For us at

Temasek Foundation, he was a leader who

fought hard to build modern Singapore,

a man utterly devoted and dedicated to

Singapore, and a man whom we are deeply

indebted and grateful to and immensely

proud of. It is no coincidence that many of

the focus areas of Temasek Foundation’s

work – education (in particular technical

and vocational education), public policy

and administration, urban governance and

management, international trade, and so

on – are inextricably linked to Mr Lee’s

foresight, vision and hands-on leadership in

these areas. We are indeed honoured and

privileged to facilitate the sharing of the

development journeys and promote mutual

learning with our friends and neighbours

in the region, and in this way, play a small

part in furthering the legacy of Mr Lee and

his pioneer leadership team.

For Financial Year 2014/2015, Temasek

Foundation supported 42 programmes

with a total grant commitment of S$19.5

million. Although there is a slight drop

in total grant commitment from the

previous year, the number of programmes

supported remains above 40. Our partners,

especially the partner institutions from our

host communities and our steady content

partner institutions from Singapore, have

continued to contribute high levels of

co-funding towards the programmes. This

has enabled us to stretch our funding.

My team and I are deeply grateful for the

steadfast leadership and active ownership

of the programmes shown by our partner

institutions.

The past financial year has also been

one of finding the right balance between

keeping focus and innovating in new

programmes. This is not something that

happens as a matter of course. Given the

resources available, we worked at getting

this balance right. In 2007, we started off

by supporting programmes in many areas

within our mandate. In subsequent years,

we honed in on a few core areas according

to the needs of our host communities.

Technical and Vocational Education and

Training (TVET) continues to be a focus

area for us as requests for collaborations

continue to stream in. In Financial Year

2014/2015, we supported 9 programmes

with a total grant of S$4.2 million in this

area. Building capabilities in nursing is also

a focus area – we supported 5 programmes

with a total grant of S$2.7 million.

Beyond these two core areas, we recognise

that there are many other programmes

that are relevant and useful to our host

communities. Continuing on our journey

of innovation, in 2011, we began to focus

more on the areas of urban management

and public administration. Many cities in

Asia are growing at such a rapid pace


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Chairman’s Message

that pose potentially serious challenges

in urban management issues like housing,

water, transport and in the larger scale

of things, the environment. At the same

time, many communities in Asia are

enhancing their public institutions to lead

their development efforts more effectively.

To meet these needs, we have stepped

up our programmes in these areas. For

Financial Year 2014/2015, we supported

4 programmes with a total grant of S$1.8

million in urban management and another

9 programmes with a total grant of S$4.3

million in public administration.

Balancing between focus and innovation

can throw up interesting potential

dilemmas in grant allocation. On the

one hand, we need to keep focus to

achieve longer-lasting impact through

our programmes. By “gnawing” at an area

one bit at a time, our partner institutions

work together to bring about systemic,

institutional and community-wide

improvements. This has clearly been our

experience in many of our programmes.

For instance, in two public policy and

administration programmes that we

supported through the Monitoring Office

of Programme 165 of the Government

of Viet Nam since 2012, some of the 250

leaders trained have adapted their learning

and implemented changes in attracting

foreign investment, and in training of public

officials, and have also made amendments

to laws relating to women’s rights. We are

pleased to support a third programme

in Viet Nam targeted at senior central

government leaders. In another example,

our partnership with the Bangalore Water

Supply and Sewerage Board in India on

the recycling and reuse of waste water has

yielded the production of a communication

booklet for public outreach, information

and education on water use. Their officials

are in the process of developing a tender

documentation for a water reuse plant.

We have now committed funds for a

second programme to build capabilities

in governance for water projects and in

sustainable water management.

On the other hand, it is important for

us to keep innovating and trying new

programmes in tandem with newly-

identified needs or programme areas. In

the past Financial Year, we created three

new leadership programmes.

In Bangladesh, we are supporting the

training of public officials to transform

e-Government service design and

delivery. In Lao PDR, senior officials are

learning to design, develop and deliver

a leadership programme to nurture and

develop emerging leaders for their civil

service. We are also supporting a new

executive leadership programme for top

public health leaders from across Asia on

health care governance, leadership and

management.

In the spirit of fostering innovation

among youth leaders, our pilot Temasek

Foundation Specialists’ Community Action

and Leadership Exchange (TF SCALE)


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programme was completed last year with

success. A total of 299 polytechnic and

technical institute students from Cambodia,

Indonesia, the Philippines, Singapore,

Thailand and Viet Nam participated in

joint learning and community projects. The

feedback from the students has been so

inspiring that we have decided to support

the programme for a second year. I am

pleased to share that we will have all five

polytechnics in Singapore on board this

second edition of TF SCALE, and we look

forward to welcoming a new batch of

student leaders in the new Financial Year.

As we conclude another Financial Year

of the foundation’s work, I thank all our

partners in the host communities and in

Singapore for their leadership, innovation

and diligence in developing and running

the programmes. I also thank Temasek and

Temasek Trust for entrusting us with such a

meaningful enterprise, and my fellow Board

Directors for their insights and active

participation in our collective conversations

and decisions. Last but not least, thanks

go out to our staff team who takes on the

arduous tasks of working out the details

with our partners, piecing information for

the Board to gain useful insights and make

appropriate decisions, and keeping us

focused even as we innovate. Together, let

us continue to build a shared future in Asia.

MR GOH GEOK KHIM, CHAIRMAN

MARCH 2015

Balancing between focus and innovation can throw up interesting potential dilemmas in grant allocation. On the one hand, we need to keep focus to achieve longer-lasting impact through our programmes… On the other hand, it is important for us to keep innovating and trying new programmes in tandem with newly-identified needs or programme areas.”

“


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Board of Directors

CHAIRMAN

Goh Geok Khim

Singapore

Executive Chairman

G.K. Goh Holdings

DEPUTY CHAIRMAN

Jennie Chua

Singapore

Chairman

Alexandra Health Pte Ltd

BOARD DIRECTOR

Christopher Cheng

Hong Kong SAR, China

Chairman

Wing Tai Properties Ltd

BOARD DIRECTOR

Tan Sri Faizah Mohd Tahir

Malaysia

Director

Amway (Malaysia) Holdings Berhad

BOARD DIRECTOR

Goh Yong Siang

Singapore

Managing Director

Stratagem Group Pte Ltd

BOARD DIRECTOR

Khoo Boon Hui

Singapore

Senior Advisor to the Ministry of

Home Affairs, Singapore


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Advisors

BOARD DIRECTOR

Ong Boon Hwee

Singapore

Chief Executive Officer

Stewardship Asia Centre(Retired as Board Director on 25 August 2014. Appointed Advisor on 26 August 2014.)

ADVISOR

Tan Sri Azmi Wan Hamzah

Malaysia

Director

Halfmoon Bay Ventures Limited

BOARD DIRECTOR

Tony Tan Caktiong

Philippines

Chairman

Jollibee Foods Corporation

ADVISOR

Dr Law Song Seng

Singapore

Former Chief Executive Officer

Institute of Technical Education

(1992-2007)

BOARD DIRECTOR AND CHIEF

EXECUTIVE OFFICER

Benedict Cheong

Singapore

PROGRAMME ADVISOR

Ira Puspadewi

Indonesia

Chief Executive Officer

PT. Sarinah (Persero)


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Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time.”

Thomas Edison

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Building People: Health Care

Programme Grants

FY 2014/15

S$4.1m CUMULATIVE TOTAL

S$23.3m

Programmes

FY 2014/15

8 CUMULATIVE TOTAL

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Percentage of grants

FY 2014/15

21% CUMULATIVE TOTAL

15.9%

Through this programme, I hope that Muhammadiyah will be able to

establish good training centres spread all around in Indonesia, and

that, in partnership with other partners, Muhammadiyah will be able to

play a leading role in providing life support. My hope is that someday,

Indonesia will have a national council for life support training, so that

there will be consistent standards of life support training modules

among different healthcare providers.”

DR CORONA RINTAWAN, MD, Emergency Response DivisionCentral Board of Muhammadiyah Disaster Management Centre(A participant of the Temasek Foundation health care programme in Indonesia)

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“The training programme is not just about enhancing our professional

knowledge. It is also about enriching the academic and cultural exchange

between fellow professionals between Singapore and China. Besides

expanding our views and improving our knowledge, the biggest achievement

was the change in our long-term vision. Looking ahead, we will be able to

combine our training knowledge to improve and enhance service standards in

health care.”

MS WANG XIAO JUANDeputy Director of Nursing, General Hospital of Ningxia Medical University(A participant of the Temasek Foundation nursing programme in Ningxia Province, China)

“


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PROGRAMMES:Nursing Management

The health care sector is constantly evolving and nurses are always learning new skills to remain at the forefront of patient care in the community.

In the past Financial Year, Temasek Foundation partnered leading health care institutions and nursing schools in Singapore to provide five training programmes in nursing management, nursing pedagogy and specialised nursing disciplines in China, Sri Lanka and Thailand.

NURSING MANAGEMENT

Where Participants Programme Focus Partners

1 China (Chongqing Municipality)

120 nurse leaders and specialists

Nursing management, pedagogy and clinical skills update in Emergency, Gerontology and Medical-Surgical Nursing

China

Chongqing Municipal Health and Family Planning Commission

Singapore

Nanyang Polytechnic International

2 China

(Ningxia and Qinghai Provinces)

422 nurse leaders and specialists

Nursing management systems and clinical strategies for the enhancement of nursing

China

Health Department of Ningxia Province

Health Department of Qinghai Province

Singapore

Singapore Health Services

3 China (Shanghai)

80 nurse leaders

Nursing competency and pedagogy training

China

Shanghai Municipal Public Health Bureau

Fudan University

Singapore

Ngee Ann Polytechnic

4 Sri Lanka 120 nurse leaders and specialists

Nursing management, pedagogy for the enhancement of health care, and skills update in Critical Care, Emergency and Gerontology Nursing

Sri Lanka

Ministry of Health and Indigenous Medicine

Singapore


5 Thailand 100 leaders and nurse managers

Nursing care and management in nursing colleges and hospitals

Thailand

Ministry of Public Health

Singapore



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Health Care Management

Hospitals and public health care systems are complex organisations to manage, and good

leadership and management can go a long way to bring about high quality patient care.

As part of our on-going efforts to innovate and create programmes aligned with newly-

identified needs, Temasek Foundation is supporting its first health care governance and

leadership executive programme for senior public officials in Asia. The programme will

provide a platform for health care leaders in Asia to build networks of cooperation and

share knowledge in public administration, leadership and management of health care

policies, implementation strategies and practices.

The foundation has also teamed up with Singapore’s Tan Tock Seng Hospital to run

programmes in Cambodia and Indonesia focusing on trauma injury care and life support

resuscitation skills.

HEALTH CARE MANAGEMENT

Where? Participants Programme Focus Partners

1 Cambodia 168 doctors and nurses

Basic skills in trauma and resuscitation to improve care and treatment of trauma injury

Cambodia

Calmette Hospital

Ministry of Health

Singapore

Tan Tock Seng Hospital

2 Indonesia 150 nurses and medical specialists

Life support resuscitation training to strengthen emergency incident management in hospitals in East Java

Indonesia

Health Agency of East Java

Indonesian Red Cross Society

Muhammadiyah Organisation

Singapore

Tan Tock Seng Hospital

3 Asia-wide 100 top-level public and non-profit officials

Practitioner-based health care governance and leadership for senior public officials

Government ministries and health care agencies in Asia

Singapore

Singapore Health Services

National Healthcare Group


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Building People: Education

Programme Grants

FY 2014/15


S$61.1m

Programmes

FY 2014/15

11 CUMULATIVE TOTAL

96


FY 2014/15

27.2% CUMULATIVE TOTAL

41.6%

We would like to thank Temasek Foundation for the strong support they have

given us since our first collaboration in 2012 and for the continued support

for this new technical cooperation. We are confident that this collaboration

will further strengthen the relations between Myanmar and Singapore, and

deepen our collective efforts to work towards realising the ASEAN Economic

Community.”

U MYO AUNGDirector General, Department of Labour, Ministry of Labour, Employment and Social Security, Myanmar(Host community partner of the Temasek Foundation TVET programme in Myanmar)

“


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TECHNICAL AND VOCATIONAL EDUCATION AND TRAINING


1 China (Fujian Province)

216 leaders and specialists

Educational leadership and curriculum to improve the training standards and institutional systems of TVET colleges

ChinaFujian Provincial Education Department

SingaporeNanyang Polytechnic International

2 Indonesia (Batam)

41 leaders, curriculum developers and polytechnic specialists

Curriculum development and design, and technical training for ship building and design

IndonesiaCoordinating Ministry for Economic Affairs

Batam Polytechnic

SingaporeITE Education Services

3 Malaysia 55 leaders and master trainers, and 100 specialists

Training pedagogy and techniques, and technical training in electrical installation and precision to further the development of TVET

Malaysia Ministry of Youth and Sports

Ministry of Education


4 Myanmar 100 specialists

Design and development of national qualifications framework to establish common referencing of TVET skills across industries

Myanmar

National Skill Standard Authority, Department of Labour

SingaporeSingapore Polytechnic

PROGRAMMES:Technical and Vocational Education and Training

Technical and Vocational Education and Training (TVET) is an integral part of a holistic

national education system. It develops not just technical knowledge, but also skills that are

integral across a wide variety of economic sectors.

This area of training has remained as one of the key priorities of Temasek Foundation’s

funding of education capability programmes. For FY2014/2015, the foundation has

committed funding to train about 1,000 leaders and specialists in curriculum, pedagogy,

and technical training in areas such as ship building and design, and electrical installation

and precision.


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TECHNICAL AND VOCATIONAL EDUCATION AND TRAINING


5 Philippines 120 leaders and specialists

Design thinking methodology for curriculum and learning competencies for the engineering education sector

PhilippinesPhilippines Association of State Universities and Colleges


6 Philippines 75 leaders and specialists

Design and implementation of industry-based training programmes

PhilippinesTechnical Education and Skills Development Authority


7 Viet Nam 75 leaders and specialists

Leadership management skills, curriculum design, development and assessment, and pedagogy for master trainers

Viet NamDepartment of Education and Training, Ho Chi Minh City


8 Asia-wide Up to 250 leaders and specialists

Regional conference to promote greater learning and networking among TVET professionals in Asia

Government ministries, vocational and technical institutes across Asia

SingaporeInstitute of Technical Education


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English Language Capability

Communities have shared with the foundation that English is widely used in their business

communication for networking, negotiating and exchange of information globally, and is

thus important for leaders and specialists alike.

To provide students with a good foundation in learning English Language, Temasek

Foundation is supporting the efforts of school leaders and educators in Indonesia and

Thailand to design and customise materials and methodology in the teaching of English

Language.

ENGLISH LANGUAGE CAPABILITY


1 Indonesia 80 leaders and English Language lecturers

Design and develop curricula, materials and methods to promote student-centred learning for tertiary level English Language classes

IndonesiaMuhammadiyah Organisation

SingaporeNational University of Singapore (Centre for English Language)

2 Thailand 51 master teachers

Techniques in the teaching of science curriculum in English Language

ThailandThe English Institute of the Office of Basic Education Commission, Ministry of Education

SingaporeSoutheast Asian Ministers of Education Organization Regional Language Centre

“It was a great experience that I will share to my students and colleagues in

Thailand. English in a classroom is not too difficult any more … I am sure that if

I apply knowledge and techniques from what I have learned, my students will

have more chance to practice both their English and thinking skills. Science

classroom would be wonderful for Thai students.”

MS SUTTEEWUN PIROMScience teacher, Thakhumngen Wittayakarn School, Thailand(A participant of the Temasek Foundation English Language capability programme in

Thailand)

“


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Building Bridges between Peoples

Programme Grants

FY 2014/15


S$20.1m

Programmes

FY 2014/15

9 CUMULATIVE TOTAL

45


FY 2014/15


13.7%

With the help of the TF SCALE programme, I have been given a

platform to achieve one of my visions which is to make a difference

across borders. This programme has given me an insight on what it

feels like to be able to reach my goal. It has also taught me valuable

skills, which I hope to bring forward during my trip to Cambodia and

also in the future.”

MR HAZMAN AZRI MOHD SIDIKYear three student studying Diploma in Environmental Science at Republic Polytechnic, Singapore(A participant of the Temasek Foundation SCALE 2014 programme)

“


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PROGRAMMES:Student Leaders Exchange

Student-leader exchange programmes provide opportunities for young leaders from diverse

backgrounds and cultures to develop connections, participate in cross-border community

projects, and in the process, develop a better understanding of Asia and its peoples.

The Temasek Foundation Leadership Enrichment and Regional Networking (TF LEaRN)

programme for Asian university student leaders, and the Temasek Foundation Specialists’

Community Action and Leadership Exchange (TF SCALE) programme for students from

technical institutes and polytechnics in Asia will provide about 1,000 students with exciting

opportunities for learning and exchange, and to develop long-lasting friendships.

STUDENT LEADERS EXCHANGE


1 Asia-wide About 240 university student leaders

TF LEaRNLeadership enrichment, community service learning and work internships

Universities in Asia

SingaporeNanyang Technological UniversityNational University of SingaporeSingapore Management UniversitySingapore University of Technology and Design

2 Asia-wide 750 polytechnic student leaders

TF SCALESocial innovation project management, leadership and networking skills

Polytechnics and technical institutes in Asia

SingaporeNanyang PolytechnicNgee Ann PolytechnicRepublic PolytechnicSingapore PolytechnicTemasek Polytechnic


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Leaders Network

All across Asia where Temasek Foundation programmes have been implemented, leaders

and senior-level administrators from the various host communities have been instrumental

in steering and managing the implementation of the programmes and ensuring their

success. The foundation continues to actively engage these leaders and facilitate

opportunities for further learning.

Run for the second year, the Temasek Foundation Asia Leaders Connect 2014 saw

27 Asian government and public sector leaders gathered in Singapore for a two-day

forum to foster learning and networking, and exchange views on governance and public

administration challenges affecting Asia.

LEADERS NETWORK


1 Asia-wide 27 senior government and public service leaders

Exchange among leaders on public sector management and global challenges affecting Asia

Government ministries and public service agencies in Asia

SingaporeCivil Service College

““The TF Asia Leaders Connect is a platform not only for gathering and

networking but also for learning and sharing knowledge and experience.

Through the programme, I learnt new knowledge and experience from my new

friends around the region and had a deeper understanding of the countries

that they are from.”

DR HEAN SAHIBSecretary of State, Ministry of Economy and Finance and Chairman of the sub-committee of Capacity Building of the Ministry of Economy and Finance, Kingdom of Cambodia(A participant of the Temasek Foundation Asia Leaders Connect 2014)


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Journalism Fellowship

Since 2008, Temasek Foundation has been funding an annual three-month fellowship

programme for regional mid-career journalists to engage in professional and cultural

exchange. Hosted in Singapore, the fellowship provides a platform to the journalists to

hone their understanding of media trends and issues across Asia.

The Temasek Foundation – Nanyang Technological University Asia Journalism Fellowship

2014 was attended by 16 editors and senior journalists. Highlights of the 2014 Fellowship

included the Temasek Foundation Asia Journalism Forum 2014, a workshop on data-

driven journalism conducted by trainers from the Philippine Center for Investigative

Journalism, and a dialogue session with Singapore’s Deputy Prime Minister and Finance

Minister Tharman Shanmugaratnam.

JOURNALISM FELLOWSHIP


1 Asia-wide 16 senior journalists from Asia under the fellowship and 16 journalists for the conference programme

Professional knowledge and cultural exchange for a better understanding of journalism and media issues in Asia

Regional media agencies

SingaporeNanyang Technological University (Wee Kim Wee School of Communication and Information)

“It is not just a journalism programme. This programme has connected us as a

family of sisters and brothers. This programme has opened my mind and made

me look beyond Malang Post and my home, and learn that if things can be

achieved in other countries, then we can do likewise at home.”

MS DEWI YUHANA Editor for business, education, and youth, Malang Post, East Java, Republic of Indonesia

(A participant of the Asia Journalism Fellowship 2014)

“


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Building Institutions of Excellence

Programme Grants

FY 2014/15


S$32.7m

Programmes

FY 2014/15

13 CUMULATIVE TOTAL

60


FY 2014/15


22.2%

“There are many takeaways from the course to be shared and applied

to our organization back home, but good governance is the key and

constant faith that we shall all do our absolute best to serve the nation

and the world as a whole.”

PENGIRAN HAJAH MASHAYU PENGIRAN HAJI YUSOFSpecial Grade Education Officer, Lead for the National Education System for The 21st Century Unit (SPN21), Ministry of Education, Brunei Darussalam(A participant of the Temasek Foundation Governance and Public

Administration programme 2014)

“


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PROGRAMMES:Urban Management

As cities and their urban populations continue to grow, policy makers and city planners

face immense challenges in ensuring that their cities are sustainable and liveable.

The urban development of cities is guided by a myriad of considerations such as

environmental and natural resources, which needs to be balanced with planning and

optimising the use of land and space to provide for the community’s needs.

In FY2014/2015, Temasek Foundation funded four urban management programmes in

Indonesia, India and Sri Lanka that look into key challenges in urban planning such as

transportation, water management and integrated master planning.

URBAN MANAGEMENT


1 Indonesia(Makassar)


Urban planning, transportation and infrastructure planning

IndonesiaLocal Government of Makassar

SingaporeSingapore Cooperation Enterprise

2 India(Bangalore)

100 government senior officials

Sustainable water management, governance for policies and management of urban water projects, and development of a Design, Build, Finance, Operate and Transfer transaction framework

IndiaBangalore Water Supply and Sewage Board


3 India(Rajasthan)


Water governance and management, and sustainable frameworks for waste-water management

IndiaRajasthan Public Health Engineering Department


4 Sri Lanka 125 senior government officials

Integrated urban master planning with a focus on housing design and community building, master plan review and government land sales, water infrastructure development and green master plan

Sri LankaMinistry of Defence and Urban Development



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Due to rapid growth of population and industrialisation in the state of

Rajasthan, water demand is increasing. Although the state has started

executing Surface Water based projects, it is important to focus on water

conservation, recycling and reuse. This partnership will focus on building

capacities and knowledge in sustainable water management and waste water

reuse within the government. I expect that after this program, we will be able

to implement the best practices in water recycling and reuse in Jaipur City and

other parts of the state.”

HONOURABLE VASUNDHARA RAJEChief Minister, Government of Rajasthan, India(Host community partner of the Temasek Foundation water management programme in

Rajasthan, India)

“


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Public Administration

Public institutions lead the efforts in economic, social and cultural progress of a

community. The roles and functions of public administration are dynamic and constantly

evolving in response to the changing needs and demands of society.

With an increasing demand for relevant capability building programmes in this area, in

FY2014/2015, Temasek Foundation supported nine programmes that covered different

aspects of public administration. New programmes were initiated in e-Government public

services in Bangladesh, in talent management of the civil service in Lao PDR, and in

innovation in productivity for the public service sector in Indonesia.

The foundation also continued its support for programmes such as the third run of

the Temasek Foundation Governance and Public Administration programme, capacity

building in trade and negotiations under the “Temasek Foundation Series on Trade &

Negotiations”, and the third phase of a public policy and administration programme in

Viet Nam.

PUBLIC ADMINISTRATION


1 Bangladesh 96 leaders and specialists

e-Government service design and delivery; Innovation and process streamlining to enhance public service delivery

BangladeshAccess to Information Programme, Prime Minister’s Office

SingaporeNational University of Singapore (e-Government Leadership Centre, Institute of Systems Science)

2 Bhutan 115 government leaders and public officials

ICT master-plan development in e-Government procurement, ICT industry development and ICT for land use management

BhutanMinistry of Information and Communications

SingaporeInfocomm Development Authority International

3 Indonesia 120 productivity specialists

Innovation for productivity in the public sector

IndonesiaMinistry of ManpowerMinistry of Education Ministry of Industry



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4 Lao PDR 155 leaders and specialists

Apex leadership programme to nurture and develop emerging leaders in the civil service

Lao PDRMinistry of Home Affairs

Central Committee for Organisation and Personnel

National Academy for Political and Public Administration


5 Myanmar 100 leaders and specialists

Framework and accreditation skills for local enterprise development, and problem-based learning pedagogy and curriculum development for adult-learning

MyanmarMinistry of Social Welfare, Relief and Resettlement

SingaporeNgee Ann PolytechnicRepublic Polytechnic

6 Viet Nam 60 leaders and specialists

Knowledge and skills to implement public-private partnership (PPP) transactions for government infrastructure projects such as water supply and treatment, solid waste management, public transport, zoning and renewable energy

Viet NamDanang People’s Committee (Department of Planning and Investments)


7 Viet Nam 140 leaders and senior officials

Governance and public administration, and best practices in public policy, administration and governance so as to enhance decision-making, governance as well as policy design and implementation skills

Viet NamMonitoring Office of Programme 165 of Government of Viet Nam

SingaporeNanyang Technological University (Nanyang Centre for Public Administration, College of Humanities and Social Sciences)


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8 Asia-wide 64 public sector officials

Temasek Foundation Governance and Public Administration programmeEconomic development challenges, processes and strategies; and the role of government institutions and leaders in supporting and sustaining economic growth

Government ministries and public service agencies in Asia


9 Asia-wide 240 leaders and trade specialists

Temasek Foundation Series on Trade & Negotiations Policy making and implementation on international trade and negotiations, and economic issues

Government ministries and agencies in Asia which are responsible for economic development and international trade negotiation processes

SingaporeNanyang Technological University (S. Rajaratnam School of International Studies)


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Rebuilding Lives & Livelihoods Affected by Natural Disasters

Programme Grants

FY 2014/15


S$9.8m

Programmes

FY 2014/15

1 CUMULATIVE TOTAL

18


FY 2014/15


6.6%


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PROGRAMME:

Disaster Preparedness

From time to time, where natural disasters have occurred, communities often take a long

time to recover from the extensive damage to infrastructure and disruption to their daily

lives and livelihoods.

Since 2008, Temasek Foundation has been working with Singapore’s Nanyang

Technological University to share knowledge and skills in good construction practices and

techniques to increase seismic resistance in low-rise public buildings in earthquake-prone

regions in Asia. The provinces of Chiang Mai and Chiang Rai in Thailand will be the latest

addition to the series of training programmes conducted in China, India, Nepal and the

Philippines.

DISASTER PREPAREDNESS


1 Thailand(Chiang Mai and Chiang Rai)

150 master trainers and local builders

Strengthening techniques on public school buildings in earthquake-prone provinces to increase seismic resistance

ThailandAsian Institute of Technology

King Mongkut’s University of Technology Thonburi

Chiang Mai University

SingaporeNanyang Technological University (School of Civil and Environmental Engineering)


44


45

The world makes way for the man who knows where he is going.”

Ralph Waldo Emerson

“


46

EIGHT YEARS IN NUMBERS: MAY 2007 – MARCH 2015OUR APPROACH

Since inception, Temasek Foundation has reached out to thousands of participants across

Asia. Our programmes bring together different resources – grants from Temasek Foundation,

the expertise of various institutions, and the commitment and resources of host community

organisations, and collectively, we contribute to Asia’s human and social capital development.

Our grant-making is grounded in these core principles:

• Outcomes - Focus

We support programmes that contain a strong focus on outcomes with a multiplier

effect, through the transfer of learning by leaders and trainers to their peers and

colleagues, to bring about sustained improvements in their communities.

• Partnerships

From defining needs to co-developing and co-implementing programmes, host

community and content partners are critical in all phases of a programme, to ensure

that programmes are relevant, meaningful and well-implemented.

• Ownership

By co-owning the planning and implementation of programmes, leaders of partner

organisations signify the importance of the programmes and drive them to success.

OUR PROGRAMMES OVER THE YEARS

Overview of Grants & Outreach

FY07/08

14

14.3

32

15.4

32

16.0

26

18.6

32

19.8

40

20.7

44

22.7

42

19.5

TOTAL

No. of programmes

262Grants (S$m)

147

FY08/09 FY09/10 FY10/11 FY11/12 FY12/13 FY13/14 FY14/15

Grants (S$m)Grants (S$m)

No. of programmes


47

OUR PROGRAMMES BY FOCUS AREAS

118

39

33

72

Grants (S$m)

No. of programmes

No. of programmes

Total

S$147m

Building People: Health CareS$23.3m

Building Bridges between PeoplesS$20.1m

Building People: EducationS$61.1m

Building Institutions of ExcellenceS$32.7m

Rebuilding Lives & LivelihoodsS$9.8m

15.9%

41.6%

13.7%

22.2%

6.6%

OUR PROGRAMMES BY GEOGRAPHY

SOUTHEAST ASIA

NORTH ASIA

SOUTH ASIA

MULTI-COUNTRY & OTHERS

64.7

28.7

16.1

37.5


48

OUR ALUMNI

25,004Direct participants

(as at 31 March 2015)

158,379 *Peers of participants reached out to

(as at 31 March 2015)

4,980 families Recipients of TF post-disaster recovery provisions

FY2014/2015 IN NUMBERS:

Building Bridges between PeoplesS$3.4m9 Programmes

Building People: Health CareS$4.1m8 Programmes

Building People: EducationS$5.3m11 Programmes

21%

31.3%

3.1%

17.4%

27.2%

Building Institutions of ExcellenceS$6.1m13 Programmes

Rebuilding Lives & LivelihoodsS$0.6m1 Programme

Total Committed Grants

S$19.5million

No. of Programmes Approved

42

*Individuals who attended learning sessions conducted by programme participants after completion of their training (numbers as reported by programme partners)


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HEALTH CARE

Temasek Foundation – Nanyang Polytechnic International Nursing Programme in Chongqing Municipality, China

Main PartnersChongqing Municipal Health and Family Planning Commission, ChinaNanyang Polytechnic International, Singapore

Temasek Foundation - Singapore Health Services Hospital Management and Nursing Programme in Ningxia and Qinghai Provinces, China

Main PartnersAffiliated Hospital of Qinghai UniversityGeneral Hospital of Ningxia Medical UniversityHealth Department of Ningxia Province, ChinaHealth Department of Qinghai Province, ChinaSingapore Health Services (Singhealth)Singhealth Alice Lee Institute of Advanced Nursing, Singapore

Implementing Partners(China)Cancer Hospital of Ningxia Medical University General HospitalCardiac-cerebrovascular Hospital of Ningxia Medical University General HospitalFifth Hospital of NingxiaFirst Hospital of YinchuanFirst People’s Hospital of Shizuishan, NingxiaGuyuan People’s Hospital

OUR PARTNERS

BUILDING PEOPLE THROUGH HEALTH CARE, EDUCATION AND RESEARCH

Ningxia People’s HospitalPeople’s Hospital of ZhongweiSecond People’s Hospital of Shizuishan, NingxiaThird Hospital of YinchuanTraditional Chinese Medicine Hospital of YinchuanWuzhong People’s Hospital

Temasek Foundation - Ngee Ann Polytechnic School of Health Science Nursing Programme in Shanghai, China

Main PartnersFudan University, ChinaShanghai Municipal Public Health Bureau, ChinaNgee Ann Polytechnic, Singapore

Implementing Partners(China) Hua Dong HospitalHuashan HospitalLonghua Hospital Affiliated to Shanghai University of Traditional Chinese MedicineObstetrics and Gynecology Hospital of Fudan UniversitySecond Military Medical UniversityShanghai Shuguang Hospital Affiliated with Shanghai University of Traditional Chinese MedicineShanghai University of Traditional Chinese MedicineYueyang Hospital of Integrated Traditional Chinese and Western Medicine of Shanghai University of Traditional Chinese MedicineZhongshan Hospital


50

Temasek Foundation - Nanyang Polytechnic International Nursing Programme in Sri Lanka

Main PartnersMinistry of Health and Indigenous Medicine, Sri LankaNanyang Polytechnic International, Singapore

Implementing Partners(Sri Lanka) Base Hospital, GampolaColombo East Base HospitalColombo South Teaching HospitalDistrict General Hospital, HambantotaDistrict General Hospital, KalutaraDistrict General Hospital, MataleDistrict General Hospital, Nuwara, EliyaDistrict General Hospital, PolonnaruwaGeneral Hospital MataraLady Ridgeway Hospital, ColomboNational Cancer InstituteNational Hospital ColomboNursing School, RatnapuraPost Basic Nursing School, ColomboProvincial General Hospital, BadullaProvincial General Hospital, RatnapuraSirimavo Bandaranaike Specialised Children’s HospitalTeaching Hospital, AnuradhapuraTeaching Hospital, BatticaloaTeaching Hospital, JaffnaTeaching Hospital, KandyTeaching Hospital, KarapitiyaTeaching Hospital, KurunegalaTeaching Hospital, PeradeniyaTeaching Hospital, RagamaTeaching Hospital, Sri Jayawardenapura

Temasek Foundation - Nanyang Polytechnic International Nursing Programme in Thailand

Main PartnersMinistry of Public Health, ThailandNanyang Polytechnic International, Singapore

Implementing Partners(Thailand) Boromarajonani Colleges of Nursing and Affiliated HospitalsPraboromarajchanok Institute for Health Workforce Development

Temasek Foundation – Tan Tock Seng Hospital Health Care Programme in Phnom Penh, Cambodia

Main PartnersCalmette Hospital, CambodiaMinistry of Health, CambodiaTan Tock Seng Hospital, Singapore

Implementing Partner(Cambodia) Angkor Hospital for Children

Temasek Foundation - Tan Tock Seng Hospital Nursing and Medical Management Programme in East Java, Indonesia

Main PartnersHealth Agency of East Java, IndonesiaIndonesian Red Cross SocietyMuhammadiyah Organisation, IndonesiaTan Tock Seng Hospital, Singapore

Implementing Partners(Indonesia) Aisyiyah Islamic HospitalBabat Muhammadiyah HospitalCentral Board of Muhammadiyah Disaster Management CentreChildren and Women Hospital of ProbolinggoCommittee of Health Advisory - Unit of Human Resources Province Board Muhammadiyah East Java


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Health Science Faculty of Muhammadiyah University SurabayaHospital Aisiah Aminah BlitarHospital Aisiah BojonegoroHospital Aisiah Siti Tulangan SidoarjoHospital of Aisyiyah Ponorogo Hospital of Muhammadiyah Ahmad Dahlan Kota KediriHospital of Muhammadiyah University MalangHospital of PKU Muhammadiyah GombongHospital of PKU Muhammadiyah Yogyakarta Indonesia Red Cross East JavaIslamic Hospital Aisiah NganjukIslamic Hospital Hasanah MojokertoIslamic Hospital of Fatimah BanyuwangiIslamic Hospital of Siti Aisyah MadiunJombang Muhammadiyah HospitalKalitidu Muhammadiyah HospitalLamongan Muhammadiyah General HospitalMaternity Hospital of Muhammadiyah TubanMinistry of Health IndonesiaMuhammadiyah Hospital of RogojampiMuhammadiyah Hospital of Siti Khodijah GurahMuhammadiyah Hospital of Surya MelatiMuhammadiyah Hospital TulungagungPonorogo Muhammadiyah General HospitalRS Muhammadiyah GresikSekapuk Muhammadiyah HospitalSiti Khodijah Sepanjang HospitalSumberejo Muhammadiyah HospitalSurabaya Muhammadiyah Hospital

Temasek Foundation Healthcare Executives in Asia Leadership Programme

Main PartnersSingapore Health ServicesNational Healthcare Group, Singapore

EDUCATION

Temasek Foundation – Nanyang Polytechnic International Technical and Vocational Education and Training Programme in Fujian Province, China

Main PartnersFujian Provincial Education Department, ChinaNanyang Polytechnic International, Singapore

Temasek Foundation – ITE Education Services Technical and Vocational Education and Training Programme in Batam, Indonesia

Main PartnersCoordinating Ministry for Economic Affairs, IndonesiaBatam Polytechnic, IndonesiaITE Education Services, Singapore

Temasek Foundation – ITE Education Services Technical and Vocational Education and Training Programme in Malaysia

Main PartnersMinistry of Youth and Sports, Malaysia Ministry of Education, Malaysia ITE Education Services, Singapore

Implementing Partners(Malaysia) Institut Kemahiran Belia Negara Alor Gajah, MelakaInstitut Kemahiran Belia Negara Bachok, KelantanInstitut Kemahiran Belia Negara Bandar Penawar, JohorInstitut Kemahiran Belia Negara Bukit Mertajam, Pulau PinangInstitut Kemahiran Belia Negara Chembong, Negeri SembilanInstitut Kemahiran Belia Negara Dusun Tua, Selangor


52

Institut Kemahiran Belia Negara Jitra, KedahInstitut Kemahiran Belia Negara Kemasik, TerengganuInstitut Kemahiran Belia Negara Kinarut, SabahInstitut Kemahiran Belia Negara Kuala Langat, SelangorInstitut Kemahiran Belia Negara Kuala Perlis, PerlisInstitut Kemahiran Belia Negara Miri, SarawakInstitut Kemahiran Belia Negara Naka, KedahInstitut Kemahiran Belia Negara Pagoh, JohorInstitut Kemahiran Belia Negara Pekan, PahangInstitut Kemahiran Belia Negara Peretak, SelangorInstitut Kemahiran Belia Negara Seri Iskandar, PerakInstitut Kemahiran Belia Negara Temerloh, PahangInstitut Kemahiran Belia Negara Wakaf Tapai, TerengganuInstitut Kemahiran Tinggi Belia Negara Sepang, Selangor

Temasek Foundation – Singapore Polytechnic Technical and Vocational Education and Training Programme in Myanmar

Main PartnersNational Skill Standard Authority, MyanmarSingapore Polytechnic

Implementing Partners(Myanmar) AsK Education ServicesCentre for Vocational Training School Dual Tech Vocational Training CentreFuture Engineer GenerationMinistry of Agriculture and IrrigationMinistry of Communication and Information TechnologyMinistry of ConstructionMinistry of CooperativeMinistry of EducationMinistry of Electrical PowerMinistry of EnergyMinistry of Environmental Conservation and

ForestryMinistry of HealthMinistry of IndustryMinistry of Labour, Employment and Social SecurityMinistry of Livestock, Fisheries and Rural DevelopmentMinistry of Rail TransportationMinistry of Science and TechnologyMinistry of Social Welfare Relief and ResettlementMinistry of TransportMyanmar Engineering SocietyMyanmar Human Resource InstituteMyanmar Oil and Gas EnterpriseMyanmar Private TVET AssociationMyanmar Timbre Enterprise Star Resources Tourism Hospitality Management AcademyToday Top Star Co. LtdYangon Institute of Economics

Temasek Foundation – Singapore Polytechnic Technical and Vocational Education and Training Programme in the Philippines

Main PartnersPhilippine Association of State Universities and CollegesSingapore Polytechnic

Implementing Partners(Philippines) Benguet State UniversityBicol UniversityBukidnon State UniversityBulacan State UniversityCamiguin Polytechnic State CollegeCaraga State UniversityCavite State UniversityCebu Normal UniversityCebu Technological UniversityCommission on Higher Education - Cordillera Administrative RegionCotabato Foundation City State of TechnologyCotabato Foundation College of Science and Technology


53

Davao Oriental State College of Science and TechnologyDon Mariano Marcos Memorial State UniversityEastern Samar State UniversityIfugao State UniversityIsabela State UniversityMariano Marcos State UniversityMindanao University of Science and TechnologyMisamis Oriental State College of Agriculture and TechnologyNorthern Iloilo Polytechnic State CollegeNorthwest Samar State UniversityNueva Ecija University of Science and TechnologyNueva Vizcaya State UniversityPampanga Agricultural CollegePampanga State Agricultural UniversityPartido State UniversityPhilippine Normal UniversityPhilippine State College of Aeronautics Polytechnic University of the PhilippinesRamon Magsaysay Technological UniversityRizal Technological UniversityUniversity of Rizal SystemVisayas State UniversityWestern Mindanao State UniversityWestern Visayas College of Science and Technology

Temasek Foundation – ITE Education Services Technical and Vocational Education and Training Programme in the Philippines

Main PartnersTechnical Education and Skills Development Authority, PhilippinesITE Education Services, Singapore

Temasek Foundation – ITE Education Services Technical and Vocational Education and Training Programme in Ho Chi Minh City, Viet Nam

Main PartnersDepartment of Education and Training, Ho Chi Minh City, Viet NamITE Education Services, Singapore

Implementing Partners(Viet Nam) Agriculture SchoolDistrict 12 Technical and Economic SchoolHo Chi Minh City Art and Culture CollegeHo Chi Minh City Construction SchoolHo Chi Minh City Economic CollegeHo Chi Minh City Transportation CollegeHoc Mon Technical and Economic SchoolLy Tu Trong Technical CollegeNam Sai Gon Technical and Professional SchoolNguyen Huu Canh Technical and Economic SchoolNguyen Truong To CollegePhu Lam Technical and Economic CollegeSai Gon Tourist School

Singapore International Technical and Vocational Education and Training Conference 2015

Main PartnerInstitute of Technical Education (ITE), Singapore


54

Temasek Foundation - National University of Singapore University English Programme in Java, Indonesia

Main PartnersMuhammadiyah Organisation, IndonesiaCentre for English Language, National University of Singapore

Implementing PartnersUniversitas Ahmad Dahlan (Indonesia) Universitas Muhammadiyah JakartaUniversitas Muhammadiyah JemberUniversitas Muhammadiyah MalangUniversitas Muhammadiyah PurwokertoUniversitas Muhammadiyah Surabaya Universitas Muhammadiyah Surakarta Universitas Muhammadiyah YogyakartaUniversitas Muhammadiyah Gresik

Temasek Foundation - Southeast Asian Ministers of Education Organization Regional Language Centre English in School Programme in Thailand

Main PartnersThe English Institute of the Office (ELI) of the Office of Basic Education Commission (OBEC) Ministry of Education, ThailandSoutheast Asian Ministers of Education Organization (SEAMEO) Regional Language Centre (RELC), Singapore

Implementing Partners(Thailand) Betong “Wirraratprasan” SchoolBodindecha (Sing Singhasaenee)Horwang SchoolHuaynamhom Wittayakarn SchoolKamphaengphet Pittayakorn SchoolMaewangpittayakom SchoolMaptaputphanpittayakarn SchoolMukdawittayanukul SchholPaiwittayakarn SchoolPangsilathongsaksa School

Phatatnongsammeun SchoolPongpattanawittatakhom SchoolSaiyoknoiwittaya SchoolSaparachinee 2 SchoolSatri Angthong SchoolSatriwithaya SchoolSawangdaendin SchoolSinagarindra The Princess Mother School SisaketTakpittayakhom School Thakhumnguen Wittayakarn SchoolThamai “Phun Sawat Rat Nukun” SchoolUdonpittayanukoon SchoolWeerawatyotthin SchoolWisutthikasattree SchoolYupparajwittayabi School


55

BUILDING BRIDGES BETWEEN PEOPLESTemasek Foundation Leadership Enrichment and Regional Networking (TF LEaRN) Programme 2014 @ Nanyang Technological University

Main PartnerNanyang Technological University, Singapore

Implementing Partners(Cambodia)Royal University of Law and EconomicsRoyal University of Phnom Penh

(China)Fudan UniversityHainan UniversityPeking UniversityShandong UniversityShanghai Jiaotong UniversitySoochow UniversityTianjin UniversityWuhan University

(Hong Kong SAR, China)University of Hong Kong

(India)Indian Institute of Technology Bombay (Mumbai)Indian Institute of Technology MadrasSymbiosis International University

(Indonesia)Universitas Gadjah MadaUniversitas Indonesia

(Japan)Waseda University

(Lao PDR)National University of Laos

(Malaysia)Universiti Malaya

(Philippines)Ateneo de Manila UniversityDe La Salle University

(South Korea)Pohang University of Science and Technology (POSTECH)

(Chinese Taipei)National Taiwan University

(Thailand)Chulalongkorn UniversityMahidol University

(Viet Nam) Vietnam National University, HanoiVietnam National University, Ho Chi Minh City

Temasek Foundation Leadership Enrichment and Regional Networking (TF LEaRN) Programme 2015 @ Singapore Management University

Main PartnerSingapore Management University

Temasek Foundation Leadership Enrichment and Regional Networking (TF LEaRN) Programme 2015 @ Singapore University of Technology and Design

Main PartnerSingapore University of Technology and Design

Implementing Partner(China) Zhejiang University

Temasek Foundation Specialists’ Community Action and Leadership Exchange (TF SCALE) 2014/2015 @ Nanyang Polytechnic

Main PartnerNanyang Polytechnic, Singapore

Implementing Partners(Thailand)Rajamangala University of Technology, Rattanakosin


56

Temasek Foundation Specialists’ Community Action and Leadership Exchange (TF SCALE) 2014/2015 @ Ngee Ann Polytechnic

Main PartnerNgee Ann Polytechnic, Singapore

Temasek Foundation Specialists’ Community Action and Leadership Exchange (TF SCALE) 2014/2015 @ Republic Polytechnic

Main PartnerRepublic Polytechnic, Singapore

Temasek Foundation Specialists’ Community Action and Leadership Exchange (TF SCALE) 2014/2015 @ Singapore Polytechnic

Main PartnerSingapore Polytechnic

Implementing Partners(Indonesia) Universitas Muhammadiyah MalangUniversitas Muhammadiyah YogyakartaUniversitas Pembangunan Nasional

(Thailand)Chitralada SchoolRajamangala University of Technology Thanyaburi

(Viet Nam)Ho Chi Minh City College of EconomicsUniversity of Economics Ho Chi Minh City

Temasek Foundation Specialists Community Action and Leadership Exchange (TF SCALE) 2014/2015 @ Temasek Polytechnic

Main PartnerTemasek Polytechnic, Singapore

Temasek Foundation – Nanyang Technological University: Asia Journalism Fellowship Programme 2015

Main PartnerWee Kim Wee School of Communication and Information, Nanyang Technological University, Singapore

Implementing Partners(Bangladesh)Newsnextbd.com

(India) Ibn Lokmat Pvt LtdThe Indian Express Ltd

(Indonesia)AJI (the Alliance of Independent Journalists – Indonesia)Pikiran Rakyat

(Malaysia)Malaysiakini

(Myanmar)Mizzima Daily / Mizzima Media Group

(Nepal) Nagarik Daily, Nepal Republic Media

(Pakistan) Daily Ibrat Newspaper

(Philippines) Rappler.com

(Singapore) Berita Harian

(Sri Lanka) The Sunday Leader

(Thailand) Royal Army Television Channel 5

(Viet Nam) Vietnam News Agency


57

BUILDING INSTITUTIONS OF EXCELLENCE THROUGH GOVERNANCE AND ETHICS

Temasek Foundation – Singapore Cooperation Enterprise Urban Management Programme in Makassar, South Sulawesi, Indonesia

Main PartnersLocal Government of Makassar, IndonesiaSingapore Cooperation Enterprise

Implementing Partners(Indonesia)Badan Lingkungan Hidup DaerahBadan Penanggulangan Bencana DaerahBadan Perencanaan Pembangunan DaerahBadan Perizinan Terpadu and Penanaman ModalBagian Ekonomi and PembangunanBagian Hukum and HamBagian HumasBagian PertanahanBagian Tata PemerintahanCooperation Bureau South Sulawesi ProvinceDepartment of Gowa Regional DevelopmentDevelopment Management and Environmental HealthDinas Kelautan, Perikanan, Pertanian and PeternakanDinas Pariwisata and Ekonomi KreatifDinas Peridustrian and PerdaganganDinas Perumahan and Gedung Pemerintah DaerahDinas Tata Ruang and BangunanEducation and Culture DepartmentFire Rescue DepartmentGreening and Sanitary DepartmentKecamatan BiringkanayaKecamatan MarisoKecamatan TalloKecamatan TamalateTransportation Department

Temasek Foundation – Singapore Cooperation Enterprise Urban Management Programme in Bangalore, Karnataka, India

Main PartnersBangalore Water Supply and Sewerage Board, IndiaSingapore Cooperation Enterprise

Temasek Foundation – Singapore Cooperation Enterprise Urban Management Programme in Rajasthan, India

Main PartnersRajasthan Public Health Engineering and Ground Water Department, IndiaSingapore Cooperation Enterprise

Implementing Partners(India)Jaipur Nagar NigamRajasthan State Industrial Development and Investment Corporation LtdRajasthan Urban Infrastructure Development ProjectRajasthan Urban Infrastructure Finance and Development Corporation Ltd

Temasek Foundation - Singapore Cooperation Enterprise Urban Management Programme in Sri Lanka

Main PartnersMinistry of Urban Development, Water Supply and Drainage, Sri LankaSingapore Cooperation Enterprise

Implementing Partners(Sri Lanka)Colombo Municipal CouncilDehiwela Mount Lavinia Municipal CouncilGalle Municipal CouncilKalmunai Municipal CouncilKandy Municipal CouncilSri Jayawardena Pura Kotte Municipal CouncilSri Lanka Navy


58

Temasek Foundation – National University of Singapore Institute of Systems Science e-Government Leadership Centre Info-Comm Technology Programme in Bangladesh

Main PartnersAccess to Information Programme, Prime Minister’s Office, Bangladeshe-Government Leadership Centre, Institute of Systems Science, National University of Singapore

Implementing Partners(Bangladesh) Ministry of AgricultureMinistry of Fisheries and LivestockMinistry of Health and Family WelfareMinistry of HomeMinistry of LandMinistry of Law, Justice and Parliamentary AffairsMinistry of Local Government Rural Development and CooperativesMinistry of Public AdministrationMinistry of Women and Children Affairs

Temasek Foundation – IDA International Info-Comm Technology Programme in Bhutan

Main PartnersMinistry of Information and Communications, BhutanIDA International, Singapore

Implementing Partners(Bhutan) Ministry of Economic Affairs, BhutanMinistry of Finance, BhutanMinistry of Labour and Human Resources, BhutanNational Land Commission of BhutanThimphu Thromde

Temasek Foundation – Singapore Polytechnic Productivity and Standards Programme in Indonesia

Main PartnersMinistry of Manpower, IndonesiaMinistry of Education, IndonesiaMinistry of Industry, IndonesiaSingapore Polytechnic

Temasek Foundation – Civil Service College Apex Leadership Programme in Lao PDR

Main PartnersMinistry of Home Affairs, Lao PDRCentral Committee for Organisation and Personnel, Lao PDRNational Academy of Politics and Public Administration, Lao PDRCivil Service College, Singapore

Implementing Partners(Lao PDR) Bank of Lao PDRLao Front for National ConstructionLao National UniversityLao People’s Revolutionary Youth UnionLao Trade UnionLao Women’s UnionMinistry of Agriculture and ForestryMinistry of Education and SportsMinistry of Energy and MinesMinistry of FinanceMinistry of Foreign AffairsMinistry of HealthMinistry of Home AffairsMinistry of Industry and CommerceMinistry of Information, Culture and TourismMinistry of JusticeMinistry of Labour and Social WelfareMinistry of Natural Resources and EnvironmentMinistry of Planning and InvestmentMinistry of Post, Telecom and CommunicationMinistry of Public HealthMinistry of Public Works and TransportMinistry of Science and TechnologyNational Assembly


59

National Audit OrganisationNational University of LaosOffice of the Party Central CommitteeParty Central Control CommitteePresidential PalacePropaganda OfficePropaganda Training Committee of the Central CommitteeState Audit OrganisationThe Office of the Supreme People’s ProsecutorThe People’s Supreme CourtVocational Education Development Institute

Temasek Foundation – Republic Polytechnic Public Administration Programme in Myanmar

Main PartnersMinistry of Social Welfare, Relief and Resettlement, MyanmarNgee Ann Polytechnic, SingaporeRepublic Polytechnic, Singapore

Implementing Partners(Myanmar) Central Early Childhood Care and Development CenterDay Care Centre for the AgedElderly DivisionGirls’ Training SchoolMyanmar Maternal and Child Welfare Association, MandalayMyanmar Maternal and Child Welfare Association, YangonMyanmar Woman Affairs FederationNhget Arn San Boys’ Training School Department of Social WelfarePre-School TarmwePre Primary School, Department of Social WelfareResidential Nursery SchoolSchool for Disabled ChildrenSchool for Home ScienceSchool for the BlindSchool for the Deaf, MandalaySocial Welfare Training SchoolVocational Training School for Adult DisabledVocational Training School for WomenWoman Development Centre, Yangon

Temasek Foundation - Singapore Cooperation Enterprise Public-Private Partnership Programme in Danang, Viet Nam

Main PartnersDepartment of Planning and Investment, Danang People’s Committee, Viet NamSingapore Cooperation Enterprise

Implementing Partners(Viet Nam) Board Management of Danang Export Processing and Industrial ZoneDanang Construction Planning InstituteDanang Drainage and Waste Water Treatment CompanyDanang Export Processing and Industrial ZoneDanang Hi-Tech Management BoardDanang People’s Committee OfficeDanang Water Supply CompanyDepartment of Agriculture and Rural DevelopmentDepartment of ConstructionDepartment of Education and TrainingDepartment of FinanceDepartment of Foreign AffairsDepartment of HealthDepartment of Home AffairsDepartment of Information and CommunicationsDepartment of JusticeDepartment of Natural Resources and EnvironmentDepartment of Planning and InvestmentDepartment of Science and TechnologyDepartment of TransportInvestment Promotion CenterPeople’s Committee of Ngu Hanh Son DistrictPeople’s Committee of Son Tra DistrictPeople’s Committee of Thanh Khe DistrictPriority Infrastructure Investment ProjectSouthern Lao Project Management UnitUrban Environment One Member State Own Limited Company


60

Temasek Foundation - Nanyang Technological University Public Administration Programme in Viet Nam

Main PartnersMonitoring Office of Programme 165 of Government of Viet NamNanyang Centre for Public Administration, College of Humanities, Arts and Social Sciences, Nanyang Technological University, Singapore

Implementing Partners(Viet Nam)Central Board of AdvocacyCentral Committee of SupervisoryCentral Committee of the Youth UnionCommunist ReviewDepartment for Supporting Women in Economic Development General Confederation of LabourInstitute for Public Opinion Research, Central Commission for Education and PropagandaInstitute of Geological Sciences, Vietnam Academy of Science and TechnologyMinistry of Agriculture and Rural DevelopmentMinistry of ConstructionMinistry of Education and TrainingMinistry of Environment and Natural ResourcesMinistry of Industry and TradeMinistry of Information and CommunicationsMinistry of JusticeMinistry of Science and TechnologyMinistry of Transport National Political Publishing HouseNhan Dan NewspaperOffice of National AssemblyParty Committee of An Bien District, Kien Giang ProvinceParty Committee of An Lao District, Binh Dinh ProvinceParty Committee of Ba Vi District, Hanoi CityParty Committee of Bac Ai District, Ninh Thuan ProvinceParty Committee of Bac Ha District, Lao Cai ProvinceParty Committee of Bac Tan Uyen District, Binh Duong ProvinceParty Committee of Bau Bang District, Binh Duong Province

Party Committee of Binh Gia District, Lang Son ProvinceParty Committee of Binh Thuy District, Can Tho ProvinceParty Committee of Buon Ho District, Dak Lak ProvinceParty Committee of Cai Be District, Tien Giang ProvinceParty Committee of Cam Lo District, Quang Tri ProvinceParty Committee of Cam My District, Dong Nai ProvinceParty Committee of Cat Hai District, Hai Phong ProvinceParty Committee of Cau Ke District, Tra Vinh ProvinceParty Committee of Cau Ngang District, Tra Vinh ProvinceParty Committee of Chau Thanh District, Long An ProvinceParty Committee of Chau Thanh District, Soc Trang ProvinceParty Committee of Con Dao District , Ba Ria - Vung Tau ProvinceParty Committee of Dai Tu District, Thai Nguyen ProvinceParty Committee of Dak Doa District, Gia Lai ProvinceParty Committee of Dak Mil District, Dak Nong ProvinceParty Committee of Dak R’Lap District, Dak Nong ProvinceParty Committee of Dien Bien District, Dien Bien ProvinceParty Committee of Dinh Hoa District, Thai Nguyen ProvinceParty Committee of Dinh Lap District, Lang Son ProvinceParty Committee of Don Duong District, Lam Dong ProvinceParty Committee of District 3, Ho Chi Minh CityParty Committee of District 10, Ho Chi Minh CityParty Committee of Duc Linh District, Binh Thuan ProvinceParty Committee of Gia Lam District, Hanoi CityParty Committee of Ha Tinh District, Ha Tinh ProvinceParty Committee of Hoang Hoa District, Thanh Hoa Province


61

Party Committee of Hoang Mai District, Nghe An ProvinceParty Committee of Hon Quan District, Binh Phuoc ProvinceParty Committee of Hong Ngu District, Dong Thap ProvinceParty Committee of Huong Hoa District, Quang Tri ProvinceParty Committee of Ia Grai District, Gia Lai ProvinceParty Committee of Kien Thuy District, Hai Phong CityParty Committee of Lac Thuy District, Hoa Binh ProvinceParty Committee of Luc Nam District, Bac Giang ProvinceParty Committee of Luc Ngan District, Bac Giang ProvinceParty Committee of M’Drak District, Dak Lak ProvinceParty Committee of Mo Cay Nam District, Ben Tre ProvinceParty Committee of Muong La District, Son La ProvinceParty Committee of Nam Giang District, Quang Nam ProvinceParty Committee of Nghi Loc District, Nghe An ProvinceParty Committee of Nghi Xuan District, Ha Tinh ProvinceParty Committee of Ngoc Hien District, Ca Mau ProvinceParty Committee of Ninh Giang District, Hai Duong ProvinceParty Committee of Pac Nam District, Bac Kan ProvinceParty Committee of Phu Vang District, Thua Thien Hue ProvinceParty Committee of Phung Hiep District, Hau Giang ProvinceParty Committee of Si Ma Cai District, Lao Cai ProvinceParty Committee of Son Tay District, Quang Ngai ProvinceParty Committee of Song Cau District, Phu Yen ProvinceParty Committee of Tam Diep City, Ninh Binh ProvinceParty Committee of Tan Binh District, Ho Chi Minh CityParty Committee of Tan Chau Town, An Giang ProvinceParty Committee of Tan Phu District, Tien

Giang ProvinceParty Committee of Thach Thanh District, Thanh Hoa ProvinceParty Committee of Thanh Binh District, Dong Thap ProvinceParty Committee of Thanh Chuong District, Nghe An ProvinceParty Committee of Thot Not District, Can Tho CityParty Committee of Thuan Nam District, Ninh Thuan ProvinceParty Committee of Thuong Xuan District, Thanh Hoa ProvinceParty Committee of Tien Du District, Bac Ninh ProvinceParty Committee of Tra On District, Vinh Long ProvinceParty Committee of Trang Bang District, Tay Ninh ProvinceParty Committee of Tu Ky District, Hai Duong ProvinceParty Committee of Tuy Phuoc District, Binh Dinh ProvinceParty Committee of U Minh Thuong District, Kien Giang ProvinceParty Committee of Van Ninh District, Khanh Hoa ProvinceParty Committee of Vinh Loi District, Bac Lieu ProvinceParty Committee of Vung Liem District, Vinh Long ProvinceParty Committee of Xuan Loc District, Dong Nai ProvinceParty Committee of Yen Mo District, Ninh Binh ProvincePeople’s Committee of Ha Long City, Quang Ninh ProvincePeople’s Council of Cam Ranh City, Khanh Hoa ProvincePeople’s Council of Chau Thanh A District, Hau Giang ProvincePeople’s Council of Chau Thanh District, Tay Ninh ProvincePeople’s Council of Gia Rai District, Bac Lieu ProvincePeople’s Council of Ha Quang District, Cao Bang ProvincePeople’s Council of Ham Thuan Nam District, Binh Thuan ProvincePeople’s Council of Loc Ninh District, Binh Phuoc ProvincePeople’s Council of Phu Tan District, An Giang Province


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People’s Council of Phu Yen District, Son La ProvincePeople’s Council of Quang Dien District, Thua Thien Hue ProvincePeople’s Council of Thang Binh District, Quang Nam ProvincePeople’s Council of U Minh District, Ca Mau ProvincePermanent Office of Da Nang City, Commission for Mass MobilisationPropaganda Instruction Committee, Foreign Affairs Party CommitteeReception to Party Members and Citizens, Central Committee of InspectorateState Audit Office of VietnamThe Audio Center, The Voice of VietnamThe Committee for Ethnic MinorityThe General Department of Government OfficeThe Government InspectorateThe Party Central Propaganda and Education CommitteeThe Party Committee of the Centrally-run Government Agencies SectorThe Vietnam Union of Friendship OrganisationsVietnam Cable Television Corporation, Vietnam TelevisionVietnam Chamber of Commerce and IndustryVietnam Cooperative AllianceVietnam General Confederation of LabourVietnam News AgencyVietnam Red Cross Central OrganizationVietnam Red Cross SocietyVietnam Women’s Union

Temasek Foundation Governance and Public Administration Programme

Main PartnerCivil Service College, Singapore

Implementing Partners(Bangladesh)Ministry of Youth and Sports

(Brunei Darussalam)Ministry of Education

(Cambodia)Ministry of Civil Service

(India)Central Vigilance CommissionMinistry of Personnel, Public Grievances and Pension

(Lao PDR)Ministry of Home Affairs

(Malaysia)Ministry of Health

(Mongolia)Secretariat of the State Great Hural of Mongolia

(Philippines)Department of Education

(Sri Lanka)Presidential Secretariat

(Viet Nam)Ha Noi People’s Committee

Temasek Foundation Series on Trade & Negotiations

Main PartnerS. Rajaratnam School of International Studies, Nanyang Technological University, Singapore

Implementing Partners(Bangladesh)Bangladesh Parliament

(Bhutan)National Assembly of BhutanNational Council of Bhutan

(Cambodia)Senate of Cambodia

(Chinese Taipei)The Legislative Yuan Republic of China, Taipei, Taiwan (R.O.C)

(Hong Kong SAR, China)The Legislative Council, Hong Kong SAR

(Indonesia)The House Regional Representative Council of Republic of Indonesia (Indonesian Senate)


63

The People’s Consultative Assembly of Indonesia

(Lao PDR)National Assembly of Lao PDR

(Malaysia)House of Representatives, Parliament of MalaysiaHouse of Senate, Parliament of Malaysia

(Maldives)People’s Majlis Secretariat, Male, Maldives

(Mongolia)Embassy of MongoliaState Great Hural (Parliament) of Mongolia

(Myanmar)Myanmar Parliament Amyotha Hluttaw (House of Representatives)

(Pakistan)National Assembly of PakistanSenate of Pakistan

(Papua New Guinea)Parliament House, Waigani

(Philippines)Senate of the Philippines

(Timor-Leste)National Parliament of Timor-Leste

(Viet Nam)The National Assembly Office of Viet Nam

REBUILDING LIVES AND LIVELIHOODS AFFECTED BY NATURAL DISASTERS

Temasek Foundation – Nanyang Technological University - College of Engineering Wall Strengthening Programme in Thailand

Main PartnersAsian Institute of Technology, ThailandChiang Mai University, ThailandKing Mongkut’s University of Technology Thonburi, ThailandSchool of Civil and Environmental Engineering, Nanyang Technological University, Singapore


64

FINANCIAL STATEMENTS

63 FY2014/2015 Management Analysis

67 Statement by Directors

68 Independent Auditor’s Report

70 Statement of Financial Activities

71 Statement of Financial Position

72 Statement of Changes in Funds

73 Statement of Cash Flows


65

AT A GLANCE

Temasek Foundation was established in May 2007 by Temasek with an endowment for

the programme grants and operating expenses of the foundation. The endowment is

placed under the stewardship of Temasek Trust which decides on the aggregate annual

amounts to be made available for use by the foundation.

Financial Year (FY) 2014/2015 was another meaningful year for Temasek Foundation.

Although the sum committed has decreased slightly, the number of programmes

has remained around the same and this shows the foundation’s steady outreach to

communities and commitment to programmes. The high level of co-funding from host

community partners that manifests their leadership and ownership of the programmes

has helped the foundation sustain these levels of work.

Since inception, the foundation has committed funding to programmes as follows:

FY 2007/2008 FY 2008/2009 FY 2009/2010 FY 2010/2011(updated)

S$ Amount committed to Programmes

S$14.3 m S$15.4 m S$16 m S$18.6 m

Number of Programmes

14 32 32 26

FY 2011/2012(updated)



FY 2014/2015(provisional)

S$ Amount committed to Programmes

S$19.8 m S$20.7 m S$22.7 m S$19.5 m

Number of Programmes

32 40 44 42

FY 2014/2015 MANAGEMENT ANALYSIS


66

PRIORITY PROGRAMMES

In FY 2014/2015, in tandem with the needs and requests from the host communities

Temasek Foundation continued to accord high priority to capability-building programmes

in the area of Technical and Vocational Education and Training (TVET). A total of S$4.21

million was committed to 9 programmes in this area for the financial year. Another high-

priority area is urban management, again in response to the growing challenges and

increasing number of requests for programmes in this area. The high pace of growth

of cities all across Asia have led to challenges in urban planning and management, for

instance, in public housing, urban transport, water and waste management, and, more

broadly, the urban environment. For FY 2014/2015, the foundation committed a total

of S$1.79 million to 4 programmes in this area. A third area of priority is health care, in

particular, programmes that build capabilities in nursing. For FY 2014/2015, the foundation

committed a total of S$2.72 million to 5 programmes in this area.

An emerging area of priority is public policy and public administration. Host communities

recognise that they need well-trained public officials leading and managing strong public

institutions to devise and implement their development plans and programmes to their

fruition. At the same time, communities need to have in place the proper regulatory

frameworks, policies and processes to foster and facilitate development. Temasek

Foundation appreciates the inputs on this area that have come from host communities

and have in the past few years started to do more work in this area, committing a total of

S$4.31 million to 9 programmes in FY 2014/2015.

Temasek Foundation has been supporting leadership exchange programmes for university

students since inception. Over the past eight years, the foundation has committed

S$12.3 million to a total of 1,867 students from universities across Asia. Each student

from a university in Asia (aside from Singapore) spends a semester of learning exchange

and community service at a Singapore university. Likewise students from Singapore

universities spend a semester at a university in an Asian city. This programme called the

Leadership Exchange and Regional Networking (LEaRN) programme has been successful

in fostering close friendships and mutual learning among the student leaders.

Following from a successful pilot of the Temasek Foundation Specialists’ Community

Action and Leadership Exchange (TF SCALE) programme, the foundation has decided

to support the TF SCALE programme in Financial Year 2014/2015 and possibly beyond

as well. This programme brings together polytechnic students from Singapore and

equivalent institutions in Asian cities for 4 to 6 weeks to participate in joint learning and

community projects, and to foster ties and friendships.


67

FINANCIAL MANAGEMENT

To minimise the financial risks associated with programme funding, the foundation

disburses committed funds only in tranches to partner organisations in accordance to an

agreed-to schedule and progress of implementation of the programmes. For FY 2014/2015,

the foundation disbursed a sum of S$19.04 million to programmes that were approved since

inception. The amount of disbursements is about the same as in the last few years with

programme activities being implemented progressively and a consistent pace.

As at 31 March 2015, some 61 programmes were concluded, bringing the total number of

concluded programmes to 158 out of a total of 262 programmes that the foundation has

committed to. As circumstances may change, some programmes are modified during

the course of implementation and funding revised so that they remain relevant to the

needs. A very small number of programmes have had to be discontinued, mainly due to

the restructuring of institutions or re-prioritisation of needs by the host communities.

Consequently, the committed amounts for each financial year published in the annual

reports will be updated to reflect these adjustments.

The total annual operating expenses of Temasek Foundation for FY 2014/2015 and the

updated expenses for the previous financial years are listed as follows:

FY 2007/2008 FY 2008/2009 FY 2009/2010 FY 2010/2011

S$ Total Operating Expenses

$1.88 m $2.29 m $2.43 m $2.69 m

Headcount 7 8 8 9

FY 2011/2012 FY 2012/2013 FY 2013/2014 FY 2014/2015

S$ Total Operating Expenses

$3.08 m $3.46m $3.46m $3.14m

Headcount 10 11 11 10


68

The decrease in operating expenses is attributable mainly to a decrease of one in the

foundation’s staff strength. The foundation has kept staff strength at a steady level.

However, as the number of programmes being implemented and monitored and the

foundation’s engagement with host community partners continue to grow, expenses

on travel and transport have also increased. For FY 2014/2015, the “expense-to-grants”

ratio of Temasek Foundation’s annual operating expenses (including depreciation) to

annual committed programme grants was 16.14%. The foundation continues to work

with host communities and expertise content partner institutions to derive a level of co-

funding from partners. Such co-funding helps to stretch the resources of the foundation

so that more programmes can be committed to. However, this also means that staff-

associated and travel expenses are incurred in the process. The intensive programme

co-development and co-monitoring work and the regular engagement of partners done

by the foundation differentiates it from pure grant-making foundations. Given this, the

“expense-to-grants” ratio compares favourably with international norms.


69

STATEMENT BY DIRECTORS

In the opinion of the directors,

(a) the accompanying statement of financial activities, statement of financial position,

statement of changes in funds, statement of cash flows, and notes thereto are

drawn up so as to give a true and fair view of the state of affairs of the Foundation

as at 31 March 2015 and of the results, changes in funds and cash flows of the

Foundation for the reporting year then ended; and

(b) at the date of this statement there are reasonable grounds to believe that the

Foundation will be able to pay its debts as and when they fall due.

The Board of Directors approved and authorised these financial statements for issue.

On Behalf of the Directors

………………………………………...............… ………………………………………...............…

Mr Goh Geok Khim Mr Benedict Cheong Thiam Beng

Chairman Director and Chief Executive Officer

10 June 2015


70

Report on the financial statements

We have audited the accompanying financial statements of Temasek Foundation CLG

Limited (“Foundation”), which comprise the statement of financial position as at 31

March 2015, and the statement of financial activities, statement of changes in funds and

statement of cash flows for the reporting year then ended, and a summary of significant

accounting policies and other explanatory information.

Foundation’s responsibility for the financial statements

The Foundation is responsible for the preparation of financial statements that give a

true and fair view in accordance with the provisions of the Singapore Companies Act,

Chapter 50 (the “Act”) and Singapore Financial Reporting Standards, and for devising and

maintaining a system of internal accounting controls sufficient to provide a reasonable

assurance that assets are safeguarded against loss from unauthorised use or disposition;

and transactions are properly authorised and that they are recorded as necessary to

permit the preparation of true and fair statements of financial activities and statements of

financial position and to maintain accountability of assets.

Auditor’s responsibility

Our responsibility is to express an opinion on these financial statements based on our

audit. We conducted our audit in accordance with Singapore Standards on Auditing.

Those standards require that we comply with ethical requirements and plan and perform

the audit to obtain reasonable assurance whether the financial statements are free from

material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and

disclosures in the financial statements. The procedures selected depend on the auditor’s

judgment, including the assessment of the risks of material misstatement of the financial

statements, whether due to fraud or error. In making those risk assessments, the auditor

considers internal control relevant to the Foundation’s preparation and fair presentation

of the financial statements in order to design audit procedures that are appropriate in the

circumstances, but not for the purpose of expressing an opinion on the effectiveness of

INDEPENDENT AUDITOR’S REPORTTo the Members of Temasek Foundation CLG limited


71

the Foundation’s internal control. An audit also includes evaluating the appropriateness

of accounting policies used and the reasonableness of accounting estimates made by

management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to

provide a basis for our audit opinion.

Opinion

In our opinion, the accompanying financial statements are properly drawn up in

accordance with the provisions of the Act and the Singapore Financial Reporting

Standards so as to give a true and fair view of the state of affairs of the Foundation as at

31 March 2015 and the result, changes in funds and cash flows of the Foundation for the

reporting year ended on that date.

Report on other legal and regulatory requirements

In our opinion, the accounting and other records required by the Act to be kept by the

Foundation have been properly kept in accordance with the provisions of the Act.

RSM Chio Lim LLP

Public Accountants and

Chartered Accountantws

Singapore

10 June 2015

Partner in charge of audit: Lock Chee Wee

Effective from year ended: 31 March 2015


72

STATEMENT OF FINANCIAL ACTIVITIESYear Ended 31 March 2015

2015 2014

$ $

Incoming resources

Programme grants 19,042,099 21,187,499

Operating grants 2,986,067 3,338,915

Capital grants 125,359 105,158

Other income 28,131 30,568

Total incoming resources 22,181,656 24,662,140

Resources expended

Programme expenses 19,042,099 21,187,499

Depreciation of plant and equipment 125,359 105,158

Employee benefits expenses 2,444,371 2,626,261

General and administrative expenses 118,784 143,965

Professional and IT support charges 155,185 230,571

Rental, utilities and office maintenance 30,807 44,664

Travelling and transport 265,051 324,022

Total resources expended 22,181,656 24,662,140

Net incoming resources – –


73

STATEMENT OFFINANCIAL POSITIONAs at 31 March 2015

2015 2014

$ $

ASSETS

Non-current assets

Plant and equipment 97,879 186,459

Total non-current assets 97,879 186,459

Current assets

Account receivables, current 337,674 416,804

Other assets, current 16,639 25,269

Cash and cash equivalents 3,755,457 3,240,379

Total current assets 4,109,770 3,682,452

Total assets 4,207,649 3,868,911

LIABILITIES

Current liabilities

Account payables, current 1,797,864 1,952,538

Total current liabilities 1,797,864 1,952,538

Total liabilities 1,797,864 1,952,538

Net assets 2,409,785 1,916,373

FUNDS 2,409,785 1,916,373


74

STATEMENT OFCHANGES IN FUNDSYear Ended 31 March 2015

Programme Funds

Funds tonon – IPCentities

Funds toIPC entities

Funds forinternal

programmesOperating

fundsCapital funds Total

$ $ $ $ $ $

Current year:

Opening balance at 1 April 2014

638,575 66,765 –

893,572 317,461 1,916,373

Grants/income received

15,512,000 3,832,000 –

3,331,068 –

22,675,068

Grants utilised as incoming resources

(15,111,399) (3,848,335) (82,365) (3,014,198) (125,359) (22,181,656)

Transfer (134,441) 220 134,441 (220) – –

Closing balance at 31 March 2015

904,735 50,650 52,076 1,210,222 192,102 2,409,785

Previous year:

Opening balance at 1 April 2013 734,795 58,544 – 812,040 421,689 2,027,068

Grants/income received 16,193,970 4,905,530 – 3,451,945 – 24,551,445

Grants utilised as incoming resources (16,290,190) (4,897,309) – (3,369,483) (105,158) (24,662,140)

Transfer – – – (930) 930 –

Closing balance at 31 March 2014

638,575 66,765 – 893,572 317,461 1,916,373


75

STATEMENT OF CASH FLOWSYear Ended 31 March 2015

2015 2014

$ $

Cash flows from operating activities

Receipts from grants and others 22,668,932 24,546,415

Payments to programme partners, suppliers and employees

(22,128,567)(24,425,985)

Net cash flows from operating activities 540,365 120,430

Cash flows from investing activities

Purchases of plant and equipment (36,779) (124,770)

Cash restricted in use 533,578 (554,547)

Interest received 11,492 2,891

Net cash flows from (used in) investing activities 508,291 (676,426)

Net increase (decrease) in cash and cash equivalents 1,048,656 (555,996)

Cash and cash equivalents, statement of cash flows, beginning balance

1,681,536 2,237,532

Cash and cash equivalents, statement of cash flows, ending balance (Note 10)

2,730,192 1,681,536

Note: The full Directors’ Report and Financial Statements is available at www.temasekfoundation.org.sg.

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CHIEF EXECUTIVE OFFICER

Benedict Cheong

DIRECTORS

Stanley Lee, Programmes & Partnerships

Joanne Ng, Programmes & Strategy

Gerald Yeo, Programmes & Partnerships

HEADS

Marcus Chia, Operations

Goh Jen-Kit, Programme Management

Caroline Tan, Communications

ASSOCIATE DIRECTOR

Shiran Ali, Programme Management

SENIOR ASSOCIATE

Diana Lee, Communications

ASSOCIATE (Special Contract)

Zhuang Jielin, Alumni and Relationships

SECRETARY

Jacqueline Ser

TEMASEK FOUNDATION STAFF TEAM

OUR PURPOSE & MISSION

To contribute to a bright future of hope and opportunities for

people in a connected and prosperous Asia

By:

Building People through Health Care, Education and Research;

Building Bridges between Peoples;

Building Institutions of Excellence through Governance and Ethics; and

Rebuilding Lives and Livelihoods affected by Natural Disasters.

OUR VALUES

MERITOCRACY

We support programmes based on merit and outcomes, and we recognise and reward our

team members based on merit and performance.

EXCELLENCE

We are passionate about delivering results through relevant and effective programmes,

always aiming for excellence in our work.

RESPECT FOR PEOPLE

We accord respect to individuals, communities and our fellow team members, and treat all

as valued partners.

INTEGRITY

We apply the highest ethical and professional standards in our conduct, communication

and decision-making.

INNOVATION

We constantly look for ways to improve and innovate, and foster on environment that

helps us learn from our successes and failures.

TEAMWORK

We value the diverse strengths of our partners and fellow team members, and harness

these to achieve our shared purpose and vision.

Temasek Foundation CLG Limited (Co. Regn No. 200702724G)

60B Orchard Road #06-18 Tower 2 The Atrium@Orchard Singapore 238891Tel : (65) 6828 6030 Fax: (65) 6821 1151 www.temasekfoundation.org.sg

Documents

Innovation & Focus - temasekfoundation- · PDF filecontinue to stream in. In Financial Year 2014/2015, we supported 9 programmes ... Jollibee Foods Corporation ADVISOR Dr Law Song