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Premier lauds local tycoon for creating 'Asian Nobel Prize'
Central News Agency
2014-03-11 10:39 PM
Taipei, March 11 (CNA) Premier Jiang Yi-huah praised local tycoon Samuel Yin Tuesday for creating what is being touted as the "Asian Nobel Prize," saying that the award might one day establish a place in the world for itself, given sufficient commitment.

Responding in the Legislative Yuan to questions from ruling Kuomintang Legislaor Lai Shyh-bao about his opinions on the prize, Jiang said he admires Yin, chairman of the Ruentex Group, who donated NT$3 billion (US$98.8 million) to set up the Tang Prize in 2012.

The prize is aimed at encouraging individuals around the globe to contribute toward sustainable development. It honors scholars in four fields -- sustainable development, biopharmaceutical science, sinology and rule of law. The premier said he believes the significance of the award could increase among academics if continued efforts are put into promoting it.

Taiwan's top research institute Academia Sinica, which will nominate and select the winners on behalf of the Tang Prize Foundation, is set to announce this year's winners in mid-June and the foundation will hand out its first prizes Sept. 18.

Meanwhile, the foundation is soliciting designs for medals and certificates for the awards. A total of 10 professionals from around the world will compete to contribute to the design of the medals. With regard to the certificates, the foundation said it has already received more than 60 designs and is calling for more before submissions close March 28.

(By Chen Chih-chung and Scully Hsiao)

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