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May 28, 2017

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Standard Chartered tees off 5-year golf program to nourish local talent

TAIPEI, Taiwan -- Standard Chartered Bank yesterday announced a plan to launch a five-year sponsorship program to help Taiwan cultivate young talents, hoping to foster more top international golfers like Yani Tseng in the years to come.

"We are doing this to provide a platform so that young golfers can become better ones on the international stage," Ajay Kanwal, president and CEO of Standard Chartered Taiwan, said yesterday in Taipei.

Standard Chartered has been in Taiwan for 28 years now with a total of 4,200 staff, Kanwal said.

"We consider ourselves as much as a local bank as any other bank," he added.

He said he hopes the sponsorship program can help Taiwan to claim a medal in the 2016 Summer Olympics, when golf will return to the games in Rio de Janeiro.

Speaking during yesterday's press conference, Taiwan's Golf Association head Hsu Tien-ya (許典雅) said the bank's latest sponsorship is expected to largely boost local young golf talents' competitiveness on the world stage.

Yesterday's press conference was also joined by former Vice President Vincent Siew.

A longtime golf lover, Siew said yesterday the nation used to be renowned for producing some of the world's best golfers decades ago.

In recent years, the nation has once again become world famous because of Tseng, who is the world's No. 1 female golfer.

Tseng's popularity and success have helped promote her country globally, he said, adding that he hopes more golfers like Tseng will shine globally because of the program.

Siew said he is glad to see a multinational company like Standard Chartered is willing to offer assistance to the sport's development in Taiwan.

"This is not only an encouragement to young Taiwanese golfers but also an important milestone for the sport in the country," Siew added.

The program allows the bank to sponsor 28 games within the country annually, according to Taiwan's golf association.

The five-year program will run from 2013 to 2017.

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