Successful entrepreneur and pioneer of a group of manufacturing companies, Mr Sukanto Tanoto, established the Tanoto Scholarship Fund through an endowed gift by the Tanoto Foundation to help needy undergraduate medical students with their tuition fees to pursue their education in the NUS Yong Loo Lin School of Medicine. In the words of Mr Sukanto Tanoto and his wife, Mrs Tinah Bingei Tanoto, “all people should have the opportunity to reach their full potential…Making a difference in people’s lives is, perhaps, the most satisfying thing one can do.”

Woodfibre LNG, backed by entrepreneur Sukanto Tanoto, has signed a letter of intent (LOI) with the province of British Columbia in the proposed Woodfibre liquefaction and export facility located near Squamish, 70 kilometers northeast of Vancouver. The LOI includes the commitment by the province to formalize its new two-tier tax on LNG export terminals by Nov 30 and Woodfibre LNG expects to complete a project-development agreement with the government by the end of the year.

Jakarta, 29 July 2013 – Tanoto Foundation International and the Wharton School of the University of Pennsylvania announced today the launch of the Tanoto Initiative, a multi-component program to promote studies and research on ASEAN, with a focus on Indonesia. Starting next month, selected Indonesian universities will collaborate closely with faculties in the Wharton School to offer research grants, academic courses, exchange programs and scholarships aimed at deepening thought leadership and business education in the ASEAN region.

China Business News

Mr Sukanto Tanoto, Chairman of RGE Group and Founder of Tanoto Foundation, donated to the Hong Kong University of Science and Technology (HKUST) to boost the study on Asian family business, entrepreneurship and business cases. In appreciation of this act of generosity and support, the University named the Tanoto Center for Asian Family Business & Entrepreneurship Studies in his honor.

Press Release from The Wharton School of the University of Pennsylvania: Wharton School Announces Highest Honor to Two Prominent Alumni

Philadelphia, PA—The Wharton School of the University of Pennsylvania has announced that the Dean’s Medal, the School’s highest honor, will be awarded to two distinguished members of the Wharton community: Alvin V. Shoemaker, W’60, HON’95, and Sukanto Tanoto, WF’01.

Indonesia's Sukanto Tanoto receives highest honour from Wharton School