YTL is an acronym that stands for Yayasan Tan Sri Lee Shin Cheng, which translates to Tan Sri Lee Shin Cheng Foundation in English. It is a charitable foundation established in Malaysia. The word "yayasan" refers to a foundation or institution established for philanthropic or charitable purposes.
YTL was established by the esteemed Malaysian businessman Tan Sri Dato' Seri Yeoh Tiong Lay, who was the founder of the YTL Corporation, a conglomerate involved in various industries such as construction, utilities, hospitality, and telecommunications. The foundation was named in honor of his father, Tan Sri Lee Shin Cheng, who was also a widely respected entrepreneur in Malaysia.
YTL's primary goal is to contribute to the betterment of society through various philanthropic initiatives. It supports educational programs, scholarships, and grants to empower and provide opportunities for deserving individuals, especially in the field of education. YTL also focuses on community development and welfare projects, including healthcare, infrastructure development, and poverty alleviation.
The foundation remains committed to the vision of its founder, Tan Sri Dato' Seri Yeoh Tiong Lay, to uphold corporate social responsibility and make a positive impact on society. YTL's efforts have significantly contributed to the development and improvement of numerous communities in Malaysia, thereby reinforcing its position as a reputable and influential charitable organization.
