An honorable member of the Coffee Shop Has Just Posted the Following:
In the latest interview with Channel News Asia, celebration for SG50 was initially budgeted at $5 million to fund 260 projects led by “Singaporeans”. Each project would be evaluated and the successful ones will have 90% of their expenditures, capped at $50,000, subsidized by the Singapore Government.
However, the Singapore Government approved more than 260 projects bringing the total up to 330 projects resulting in an over-budget of $4 million totaling up to $9 million. The Singapore Government do not intend to stop at $9 million though, this is what Minister Lawrence Wong said:
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“As there are more ground-up projects that have come forward, we are now setting aside S$9 million to support these projects. From now to August, I believe there will be more applicants because we are still seeing more interest. So I’m quite sure we will go beyond 330 and additional projects may need more support. If need be, we’ll put in additional budget to support that.”
Click here to view the whole thread at www.sammyboy.com.
13-05-2015, 10:00 PM
Wow!! More grander SG50 celebration!!! Majulah Singapura!!!
