DBS Stronger Together Fund
Financial Services
The DBS Stronger Together Fund is an SGD 10.5 million fund set up by DBS to help communities hard hit by COVID-19 across the region. With this fund, we will provide about 4.5 million meals and care packs to those affected. They will also fund the procurement of diagnostic test kits, personal protective equipment and other medical supplies.
In Singapore, DBS partner with non-profit organisations to distribute up to 700,000 meals to the elderly, low-income and migrant worker communities. Members of the public can also join in the Fund by donating, where DBS will match dollar-for-dollar public funds raised.
In Hong Kong, they work with local charities and social enterprise by providing more than 30,000 care and food packs. Their resources also enable charities to increase services, to better address emotional and physical well-being of elderly, who may face greater isolation or mobility challenges amid the outbreak.
In China, DBS partner with a non-profit incubator and others to launch “Food for Care” programmes for low-income migrant workers who have raised concerns over job security and access to daily necessities. The program will provide about 1.7 million meals to affected communities, and over 50,000 individuals will receive support including personal hygiene kits and re-employment training.
In India, they partner UNICEF, United Way, Metropolis Lab and others to scale up public health infrastructure, provide medical supplies and equipment, and sponsor free testing for the underprivileged. They will also be providing the equivalent of two million meals, in the form of food supplies and pre-packaged meals, to communities affected by the pandemic.
In Indonesia, they will be providing bout 275,000 meals to 11,500 daily wage workers in Jakarta, its surrounding areas, as well as West Java through their partnership with NGOs. DBS will also be donating 100,000 units of a rapid test kit, polymerase chain reaction machines and other medical supplies to the Government of Indonesia.
In Taiwan, DBS plans to donate 45,000 food packs to those in need. The food packs contain rice, noodles, fish floss, corn crackers and hand sanitisers. All products are purchased from social enterprises.