ST School Pocket Money Fund receives $100,000 from local air-con services firm

20 February 2024

(From left) HMW Air Conditioning's directors Ng Ai Yen and Ho Mun Weng presenting a mock cheque to ST news editor Karamjit Kaur at Singapore Press Holdings' News Centre on Feb 20. ST PHOTO: KUA CHEE SIONG

SINGAPORE - Mr Ho Mun Weng and Ms Ng Ai Yen, directors of local firm HMW Air Conditioning, wanted to donate to The Straits Times School Pocket Money Fund (STSPMF) more than 10 years ago after reading about it in the newspaper.

But they decided to wait until their company, which counts only the two of them as full-time employees, was “financially capable” to do so.

On Feb 20, Mr Ho, the managing director, and Ms Ng, the engineering director, presented a cheque of $100,000 to the fund on behalf of the company.

The donation coincided with HMW’s 20th anniversary in 2024. The firm provides services for commercial and industrial air-conditioning systems and mechanical ventilation systems such as those in offices, malls and factories.

Ms Ng, 56, said they decided to donate now because “the cost of living is increasing and low-income families may face financial trouble”.

Mr Ho, 76, said: “I hope that when we help these students, it will give them a good start and they will contribute to society in future.”

Since its inception in 2000, STSPMF has disbursed more than $97 million to more than 210,000 children and young people in need.

Every month, beneficiaries from primary, secondary and post-secondary schools receive $65, $100 and $125 from the fund, respectively.

Individually, Mr Ho has been regularly donating to the Community Chest and other charitable organisations, while Ms Ng has been giving monthly to the National Kidney Foundation (NKF) Singapore since she started working.

About a decade ago, she also started donating monthly to two orphanages in the Philippines.

“At this age, if we still can earn a living and just spend whatever is enough for ourselves, we will continue to contribute to society if we can,” said Ms Ng.

She added: “I always remind my niece and nephew that as soon as they start earning a living, whether it is big or small, they must start contributing to society and donate to organisations.”

Mr Ho and Ms Ng said they hope to donate again to STSPMF when the company is in the right financial situation to do so.

The Straits Times © Singapore Press Holdings Limited. Reproduced with permission.



[email protected] The Straits Times School Pocket Money Fund
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News Centre
Singapore 318994