Ryde Education Merit Awards (REMA) 2024: Honoring Singapore's Future Leaders

The Ryde Education Merit Awards (REMA) 2024 is an initiative by Ryde Group Ltd (NYSE American:RYDE) to recognize and support outstanding students from diverse backgrounds, including the children of Ryde driver-partners. The program aims to foster a culture of high achievement and equal opportunity, providing financial support and mentorship opportunities to deserving students.

The REMA program aligns with Ryde Group's broader corporate social responsibility (CSR) initiatives, demonstrating the company's commitment to supporting the community and creating a more level playing field for students from various backgrounds to succeed. By providing financial support and celebrating academic excellence, REMA 2024 cultivates a culture of high achievement and equal opportunity, enhancing Ryde's reputation and brand image.



The REMA 2024 program has a positive impact on Ryde Group's reputation and brand image. By recognizing and rewarding the hard work and achievements of the children of Ryde driver-partners, the company demonstrates its dedication to giving back to the community and supporting the next generation of leaders. This initiative helps to build goodwill and strengthen Ryde's relationship with its driver-partners, their families, and the broader community.



Investing in the education and development of Singapore's future leaders, as demonstrated by the REMA 2024 program, can yield significant long-term benefits. These benefits can be quantified and measured through various indicators, such as academic performance, leadership skills, societal impact, and economic contributions.



1. Academic Performance and Skills Development:
- REMA recipients like Sasha Ng and Hannah Yeo have demonstrated exceptional academic records, with Sasha achieving straight As in her O-Levels and Hannah maintaining a 3.85 GPA in her Diploma in Early Childhood Development and Education. By investing in their education, they are likely to maintain high academic standards, leading to better job prospects and higher earnings in the future (OECD, 2021).
- The REMA program also fosters the development of essential skills, such as critical thinking, creativity, and problem-solving, which are crucial for success in the 21st-century workforce (World Economic Forum, 2020). These skills can be measured through standardized tests, such as PISA or TIMSS, and compared with international benchmarks.

2. Leadership and Societal Impact:
- REMA recipients have shown strong leadership potential and a commitment to societal impact. Sasha's involvement in legal discussions, governance programs, and leadership roles, as well as Hannah's dedication to empowering the next generation through creativity and mentorship, indicate their potential to drive positive change in Singapore.
- The long-term benefits of investing in leadership development can be measured through indicators such as civic engagement, volunteerism, and social entrepreneurship. For instance, the Global Entrepreneurship Monitor (GEM) reports can provide insights into the entrepreneurial activity and innovation driven by these future leaders.

3. Economic Contributions:
- Investing in education and development can lead to significant economic gains. According to the World Bank (2018), a 1% increase in the average years of schooling can increase a country's GDP per capita by up to 1.5%. By nurturing Singapore's future leaders, the REMA program can contribute to the country's economic growth and competitiveness.
- The economic contributions of REMA recipients can be quantified and measured through indicators such as employment rates, wages, and productivity. For example, the Singapore Department of Statistics provides data on labor force participation rates, median monthly income, and productivity growth, which can be used to assess the economic impact of the REMA program.

4. Talent Attraction and Retention:
- By investing in the education and development of Singapore's future leaders, the REMA program can help attract and retain top talent in the country. This can lead to a more skilled and diverse workforce, contributing to Singapore's economic growth and innovation.
- The benefits of talent attraction and retention can be measured through indicators such as net migration rates, brain gain, and the proportion of foreign-born residents with tertiary education (OECD, 2021).

In conclusion, investing in the education and development of Singapore's future leaders through programs like REMA 2024 can yield significant long-term benefits, including improved academic performance, enhanced leadership skills, increased societal impact, and greater economic contributions. These benefits can be quantified and measured through various indicators, allowing policymakers and stakeholders to assess the effectiveness of the program and make data-driven decisions.