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NUS Business School marks 45th year with new state-of-the-art building

28 September 2010

GUEST-OF-HONOUR: Singapore's Minister for Education and Second Minister for Defence Dr Ng Eng Hen giving the opening remarks

ACTIVATING THE LAUNCH MECHANISM: (From left) NUS President Prof Tan Chorh Chuan, Chairman of the NUS Board of Trustees Mr Wong Ngit Liong, Singapore's Minister for Education and Second Minister for Defence Dr Ng Eng Hen, Founder and Chairman of Lippo Group Dr Mochtar Riady, Chairman of NUS Business School's Management Advisory Board Mr S Dhanabalan, and Dean of NUS Business School Prof Bernard Yeung

SPECTACULAR PYROTECHNICS DISPLAY: Distinguished guests viewing the cold pyrotechnics set off upon activation of the launch mechanism

NUS Business School marks its 45th year with a new state-of-the-art flagship building named after Dr Mochtar Riady, Founder and Chairman of Lippo Group, in recognition of the very generous gift of $21 million made by him and his family which helped to realise this building.

The opening of the Mochtar Riady Building on 24 September 2010 was officiated by Minister for Education and Second Minister for Defence Dr Ng Eng Hen. Speaking at the event, Dr Ng highlighted key challenges in the higher education sector and how Singapore is responding to them through differentiation in its offerings.

In line with this focus, he said: "NUS Business School has now expanded its offerings to meet the market's increasingly sophisticated needs, from the initial batches of Business Administration Diploma graduates in the 1970s, to the wide variety of programmes available today at the Bachelor's and Master's levels, as well as through the Executive MBA and PhD programmes."

Said NUS President Prof Tan Chorh Chuan, "The Business School has come a long way from its modest beginnings in 1965 with just 24 students in the pioneering batch. Today, the School is highly regarded globally, and continues to grow rapidly in strength and reputation. It attracts some of the brightest students from Singapore and from around the world and offers rich and cutting-edge educational programmes."

On the School's vision and plans, Dean of NUS Business School Prof Bernard Yeung said: "First, we have to relentlessly apply world-class standards and capabilities to rigorously tackle important research questions that generate practical and relevant business, economics and policy insights. Second, we must develop our students to be leaders who have the right values and the desire to serve our societies. Lastly, we need to be a community that cares and who makes a meaningful difference. This wonderful new building, the Mochtar Riady Building, will be the cornerstone for our further growth."

Within the nine-storey 16,500sqm Mochtar Riady Building is a five-storey high central atrium that serves as a focal point. Surrounding the atrium are seminar rooms, study areas, offices, and other informal spaces that facilitate interaction, fostering stronger bonds and a greater sense of community. In recognition of its environmentally-friendly features, design and construction efforts, the building was awarded the Green Mark for Buildings Award (Gold) by Singapore's Building and Construction Authority this year.

The official opening of the Mochtar Riady Building marks the climax of the NUS Business School's year-long 45th anniversary celebrations. Also launched at the opening was a commemorative book titled "Business Class: Lessons from High Fliers", which features stories told by former deans, faculty and alumni showing the School's progress, achievements and contributions to the lives of many over the years.