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Keppel launchesnew yard in Qatar

Keppel Group Newsletter

November 2010www.kepcorp.com/ekeppelite

mICA(P) No. 169/01/2010

eppel

KeppeliteTianjin Eco-City makes

good progress 14

Towards a safer

workplace 20

Developer with

a heart 36

Keppelite I November 2010

Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower, Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456.

Editorial AdvisorWang Look Fung

EditorDiana Chan and Frances Teh

Editorial CommitteeAndrea Lee, Ang Lai Lee, Catherine Tan, Chan Suan Sim, Cheryl Tang, Christie Lai, Chua Ying Ying, Donald Sng, Elizabeth Widjaja, Eva Ho, Geraldine Lai, Grace Chia , Hoo Yao Lin, Ivana Chua, Leanne Sim, Lee Wan Jun, Lim Kah Ai, Lynette Chong, Lynette Goh, Mak Chui Ling, Mohamed Yusof Mohamed, Roy Tan, Say Huan Yuan, Serena Toh, Teri Liew, Wong Chai Yueh, Woon Pek Yong, Vett Ramos, Yolanda Guo Ying

Contents

CO REG NO: 196800351N

eppel

SUSTAINING GROWTHNew world-class yard in Qatar 4

Keppel Land issues $500 million convertible bonds 6

Pioneering green efforts 7

Bonus for reliable delivery 8

A princely win 9

Expanding capabilities in Rotterdam

Asia’s leading property developer 10

Tradition of excellence 12

Tianjin Eco-City makes good progress 14

The perfect mate 15

Safety rewards

Building international ties 16

Special insights 18

Enriching industrial relations 19

Long-standing partners

SpECIAl FOCUSTowards a zero-incident workplace 20

Creative innovations 24

Myanmar’s finest 25

Weld done!

35

Cover image: Strengthening Keppel and Nakilat’s partnership – HE Abdullah Bin Hamad Al-Attiyah, Deputy Premier and Minister of Energy and Industry for the State of Qatar and Chairman, Nakilat (right), Mr Choo Chiau Beng, CEO of Keppel Corporation (left) sign the fleet arrangements while Mr Muhammad A. Ghannam, MD of Nakilat and Chairman of N-KOM looks on.

10

Lighting the Bay 26

Sterling host 27

Sheltered waters 28

People, passion, progress

EMpOWERING lIVESSpirit of learning 29

Cultivating aspiring entrants

Teamwork scores 30

Expanding horizons 32

Keppelites AbroadAgile adapter 33

Regional adventures 34

Bonding over song and dance 35

Well worth the walk

NURTURING COMMUNITIESDeveloper with a heart 36

Green supporter 38

Keppel VolunteersCaring for the elderly 39

BACK pAGEGrowing in Vietnam 40

16


editorial


valuing our customers

Some of us would have read with interest

how Virgin America CEO David Cush had called

stranded passengers of his airline, offering

apologies and vouchers for new flights.

I was deeply impressed by the story as it

demonstrated the commitment from the airline’s

top management, no less, to reach out to

aggrieved customers personally with a phone call.

In these days of mass consumerism, such human

touch seems so rare.

Here at Keppel, customer service is a given and

not a nice-to-have. We pride ourselves in the

core values of customer focus, integrity and

accountability.

With businesses spanning over 30 countries

worldwide, the Keppel brand value comes from

investing in valued customers as much as in quality

products and services and in R&D.

Be it at our shipyards or properties, customer

service must reflect our commitment to provide

timely, quality and innovative solutions to meet

and even exceed customers’ expectations.

It might sometimes seem challenging to define

what constitutes good customer relations for a

mostly business-to-business global conglomerate

such as ours. But that only makes building personal

relationships with our clients, understanding and

addressing their needs – from pitch to delivery and

after-sales service – all the more challenging as

well as rewarding.

In the long run, we believe that sustained attention

to service can transform how customers perceive

the Keppel brand – we are not just a producer

of cold iron and steel or brick and mortar, but

a community with the human touch. And more

genuinely, we do not shy away from brickbats

but instead, welcome constructive feedback for

continuous improvements.

As much as achieving world-class quality for our

products is important, thoughtful and innovative

solutions, professional and reliable service as well

as accountability and responsibility especially in

the face of difficulty, are what keep our customers

coming back to us. This is why they will continue

to book their berth with us, establishing Keppel as

the choice partner and provider of solutions.

4 Sustaining Growth


4 Sustaining Growth

Nakilat-Keppel Offshore & Marine (N-KOM), Qatar’s premier offshore and marine facility jointly developed by Keppel Offshore & Marine (Keppel O&M) and Qatar Gas Transport Company Ltd (Nakilat), was launched by the Emir of Qatar, His Highness Sheikh Hamad bin Khalifa Al Thani, and Singapore’s Minister for Trade and Industry, Mr Lim Hng Kiang on 23 November 2010.

On this occasion, N-KOM strengthened its credentials to be a leading shipyard in

Keppel launches premier yard in QatarNew shipyard signs service agreements with eight major fleet owners.

the Middle East with the signing of a three-year fleet servicing agreement with Shell International Trading and Shipping Company Limited (STASCo) for ship repair services.

N-KOM further s igned a m e m o r a n d u m o f understanding with Gulf Drilling International (QSC) and also entered into letters of intent with, Idemitsu Tanker, Mitsui O.S.K. Lines, NYK Line, Kawasaki Kisen Kaisha (“K” Line), Iino Kaiun Kaisha (Iino Lines) and Marine Contracting Association

We chose to partner Keppel because they are the leaders in their field and with their proven experience, expertise, and the Can Do! spirit, N-Kom will grow from strength to strength.

We are confident that with the leadership and endorsement of His Highness Sheikh Hamad bin Khalifa Al Thani, this landmark shipyard will establish Qatar as a centre of excellence in the marine and offshore industry.Mr Muhammad A. GhannamMD of Nakilat and Chairman of N-KOM

Doing Singapore proud as Keppelites in Qatar show off the new world-class yard to Minister Lim Hng Kiang

Sustaining Growth 5

(MARCAS ) to p rov ide shipyard and drydocking services for their vessels.

Mr Choo Chiau Beng, CEO of Keppel Corporation and Chairman of Keppel O&M, said, “When we embarked on this landmark collaboration with Nakilat in 2007, we had envisioned that it would be a best-in-class shipyard, and the preferred partner for marine and offshore solutions in the region.

“As N-KOM opens its doors to the world, we are on the journey to transform this vision into reality. We would like to thank our valued customers for their conf idence in us wi th the signing of these fleet servicing arrangements.

“We look fo rward to del iver ing our projects safely, on time and within budget. This is Keppel’s quality hallmark, which we bring close to our customers and markets, wherever they are.”

Singapore Minister for Trade and Industry Lim Hng Kiang

remarked, “The launch of N-KOM today is a result of the strong desire by Singapore and Qatar to forge greater collaboration, and the years of hard work between our countries and companies.

“This positive development reflects how Singaporean companies l ike Keppel can bring their successful operations into the Middle East. With Qatar’s ambition and commitment to grow its energy sector, there are many opportunities for Singapore and Qatar companies to collaborate.”

As part of the inauguration, N-KOM was also presented with certification from DNV (Det Norske Veritas) for its Integrated Management S y s t e m c o v e r i n g I S O 9001 for Quality, OHSAS 18001 for Occupational Health & Safety and ISO 14001 for Environmental Management.

HE Abdullah Bin Hamad Al-Attiyah, Deputy Premier and Minister of Energy and Industry for the State of Qatar and Chairman,

The Nakilat-Keppel Offshore & Marine shipyard boasts some of the most technologically advanced equipment for increased efficiency, quality and safety

Nakilat, said, “The Nakilat S h i p y a r d c o m b i n e s world-class facilities with outstanding international partners which will establish Qatar as an internationally

re c o g n i s e d c e n t re o f excellence in shipbuilding, repair and conversion along with new capabilities in industrial fabrication and construction.” keppelite

Singapore’s Minister for Trade and Industry, Mr Lim Hng Kiang (left) and The Emir of Qatar, His Highness Sheikh Hamad bin Khalifa Al Thani inaugurating the shipyard together with Dr Lee Boon Yang, Chairman of Keppel and Mr Choo Chiau Beng


6 Sustaining Growth

Keppel Land has issued $500 million in aggregate principal amount of unsecured convertible bonds.

T h e S i n g a p o re - d o l l a r d e n o m i n a t e d b o n d s , which were announced on 9 November 2010, will bear interest at the rate of 1.875% per annum, payable semi-annually in arrears.

The initial conversion price has been set at a 33% premium over the closing price of $5.05 per Keppel Land share on 8 November 2010. The convertible bonds, which have a term of five years, will be convertible into new Keppel Land ordinary shares at an initial conversion price of $6.72 per new share.

Upon full conversion of the bonds, a total of 74,404,761

Keppel Land issues $500 million convertible bonds

new Keppel Land ordinary shares wi l l be i s sued, representing 5.13% of Keppel Land’s existing issued and paid-up share capital as at 8 November 2010.

Keppel Land intends to use the net proceeds of approximately $493 million in the following manner:(i) approx imate l y 80%

to 100% to f inance potential acquisit ion opportunities which the company may pursue in the future as part of its strategic objectives and/or to refinance existing debts; and

(ii) approximately 0% to 20% for general corporate and working capita l purposes.

The issue of the bonds is subject to in-principle approval from the Singapore

Exchange Securities Trading Limited for the listing of and quotation for the bonds and the new shares to be issued on the conversion of the

bonds. None of the Directors and substantial shareholders of Keppel Land have any interest, direct or indirect, in the bond issue. keppelite

Keppel Land is constantly seeking new acquisitions as part of our growth strategy. The issue of the convertible bonds represents an additional source of growth capital for the company to pursue opportunities in Singapore and the region.

We are pleased with the outcome of the convertible bond issue, which was attractively priced and well received with the initial conversion price of $6.72 representing Keppel Land’s highest price level in more than three years.Mr Kevin WongGroup CEOKeppel Land

The convertible bond issue represents an additional source of growth capital for the company to pursue opportunities in Singapore and the region



Sustaining Growth 7 Sustaining Growth 7


Pioneering green efforts

For its contribution towards a sustainable future, Ocean F i nanc i a l Cen t re was conferred the Solar Pioneer Award on 30 November 2010.

Ocean Financial Centre, when completed in the second quarter of 2011, wil l feature the largest photovo l ta i c ( PV ) ce l l installation in Singapore’s central business district. Over 400 sm of so la r panels installed atop the development will produce renewal energy sufficient to light up an office space of more than 48,000 sf.

Ocean Financial Centre, which will provide about 850,000 sf of column-free Grade A office space, is the first high-rise office development in Singapore to achieve the Platinum Green Mark Award, the highest Green Mark accolade for environmentally-friendly buildings awarded by the BCA.

It is also the first high-rise office development in Southeast Asia to be conferred the prestigious Platinum Level LEED-CS pre-cert i f icat ion under the Leadership in Energy and Environmental Design

Ocean Financial Centre continues to set new benchmarks in green technology

(LEED) Green Building Rating System.

Through its green features, Ocean Financial Centre will achieve overall energy savings of 35% and contribute to savings of 42 million litres of water – enough to fill 21 Olympic-sized swimming pools, as well as help save more than 10,000 trees annually.

The award, in its second year, is co-organised by the Singapore Business Federation, Sustainable Energy Association of Singapore, Economic Development Board and the Energy Market Authority.

Further enhancing its focus on developing premium Grade A offices, Keppel Land has also increased its stake in Ocean Properties Pte. Limited (OPPL), the developer and owner of Ocean Financial Centre, from 75.66% to 87.51%.

The acqu i s i t ion of an additional 11.85% stake, through Keppel Land’s wholly-owned subsidiary, Straits Property Investments, is from an existing shareholder, The Hongkong and Shanghai Banking Corporation Limited. keppelite

8 Sustaining Growth


Keppel FELS has surpassed its earlier track record for Floatel International (Floatel), with the delivery of the second semisubmersible accommodation rig, Floatel Reliance, 63 days early, within budget and without any lost-time incidents, meriting a bonus of US$1.1 million.

Floatel Reliance is contracted to Petrobras for five years, with operations expected to commence early 2011. The rig will be wet-towed from Singapore to Rio de Janeiro on a voyage expected to last up to 65 days.

Mr Peter Jacobsson, CEO of Floatel International,

bonus for reliable delivery Floatel’s second accommodation rig already on five-year contract to Petrobras.

said, “Securing a long-term contract for Floatel Reliance even before completion is a strong sign of the market’s assurance in the superiority of the new-generat ion K F E L S S S A U ™ 3 6 0 0 design.

“Despite the str ingent schedule, the Floatel and Keppel teams have worked safely together to complete the rig. We recognise the value in partnering a world leader like Keppel FELS, which we have leveraged successful ly to become the premier contractor for new-generation and s a f e s e m i s u b m e r s i b l e accommodation units.”

Sister rig Floatel Superior, of the DSS™ 20NS design was delivered by Keppel FELS in March this year 43 days early, safely and within budget.

H a v i n g c o m p l e t e d a three-month charter for ConocoPhillips Australia, it has recently arrived in Norway and is being prepared for the charter with Talisman Energy Norge AS at the YME field this winter, followed by work for Statoil Petroleum AS.

Mr Jacobsson commented, “We are exper ienc ing strong demand for our new-generation floatels with good term rates.

Floatel Superior has proven its worth for efficient and safe deployment. We are conf ident that F loate l Reliance will deliver similar success and perform to expectations as soon as it arrives in Brazil.”

Mr Wong Kok Seng, ED of Keppel FELS, said, “With our well-honed strengths in design, engineering, project management and construction execution, we have successfully developed with Floatel outstanding accommodation rigs that offer the highest standards of health and safety features to safeguard the wellbeing of crew.” keppelite

Keppel FELS’ perfect track record delivering the Floatel Reliance earns a bonus of US$1.1 million from satisfied customer, Floatel International


Sustaining Growth 9

Keppel Prince Engineering, the Australian subsidiary o f Keppe l I n t eg ra t ed Engineering (KIE), has won an A$27 million contract from Vestas Towers A/S to build 80 of the 140 towers for the Macarthur Wind Farm in Victoria, Australia. This will be the largest wind farm in the southern hemisphere when completed.

Mr Michael Chia, Deputy Chairman and CEO of KIE,

A princely winsaid, “We are very happy to have secured this contract from Vestas and to be part of Victoria’s renewable energy drive.

“As the world trends towards clean energy development, we look forward to more opportunit ies in future where we can leverage our wide engineering experience and expert ise to make significant contributions to preserve a sustainable

Keppel Verolme, a wholly-owned subsidiary of Keppel Offshore & Marine, has acquired three docks within its compound from the port of Rotterdam for EUR10 million ($18 million). One of the docks, spanning 405 m by 90 m, is one of the largest in Europe.

In 2000 , the po r t o f Rotterdam bought the three docks to facilitate Keppel’s takeover of the local Verolme Botlek shipyard. Keppel Verolme has performed well in recent times after overcoming difficult market conditions in the initial years of its operations.

Mr Harold Linssen, MD of Keppel Verolme, said, “We would like to thank the port of

expanding capabilities in rotterdamRotterdam for their continued support of Keppel Verolme over the years. This latest asset acquisition reflects Keppel’s confidence in the future of

the marine & offshore sector in Northern Europe.”

Mr André Toet, COO of the port of Rotterdam,

Keppel Verolme has acquired three docks from the port of Rotterdam for EUR10 million

said, “This investment by Keppel Verolme reaffirms the attractiveness and the resilience of the Rotterdam maritime cluster.” keppelite

environment for a cleaner future.”

One of the largest employers in Portland, Keppel Prince Engineering’s new contract will create at least 100 new jobs for the city by the middle of next year.

Mr Steve Garner, GM of Keppel Prince Engineering, shared that the company had already ordered about 12,500 tonnes of steel and

looks forward to starting work on the 80-m towers in January 2011. They will also construct 140 foundation rings and will tender soon for erection work at the site.

He added, “Now, with the new renewable energy target of 20% by 2020, we project to have about 10 years of constant business ahead of us.” keppelite

10 Sustaining Growth


Keppel Land saw strong interest from homebuyers recently for two of its projects, The Lakefront Residences in Singapore and Seasons Park in the Sino-Singapore Tianjin Eco-City (Tianjin Eco-City) in China respectively, reaffirming its position as one of Asia’s leading property developers.

pOSITIVE TAKE-Up FOR THE lAKEFRONT RESIDENCESDue to strong enquiries and demand, Keppel Land initiated a special preview on 12 November 2010 for The Lakefront Residences which was met with positive response.

Asia’s leading property developerMr Augustine Tan, President (Singapore Residential), shared on the first day of the preview, “We have been receiving enquiries for The Lakefront Residences from both local homebuyers and investors alike, including residents and foreigners from China and Malaysia.

“The positive take-up of about 250 units at an average price of approximately $1,020 psf reflects homebuyers’ confidence in The Lakefront Residences’ strong value offerings of a prime location next to the Lakeside MRT station, the unique lifestyle and recreational amenities in the upcoming Jurong Lake

A special preview of The Lakefront Residences drew strong interest from homebuyers

District as well as Keppel’s quality hallmark and expertise in deve lop ing premier waterfront homes.”

Homebuyers of The Lakefront Residences are attracted by its convenient location within the Jurong Lake District, which is envisioned to be a commercial, leisure and residential hub featuring a myriad of ‘edu-tainment’ attractions – hotels, shopping and dining facilities, as well as recreational parks and water sports activities.

The Lakefront Residences is also close to the upcoming Jurong Gateway, planned by the Urban Redevelopment

Authority to be Singapore’s largest commercial hub. Upcoming developments such as the Jurong General Hospital, Jurong Community Hospital and the Canadian International School further add to the attractiveness of the district.

When completed in end 2 0 1 3 , T h e L a k e f ro n t Residences will comprise a total of 629 homes, ranging from 1- to 4-bedroom and penthouse units.

At press time, more than 420 units have been sold.

SEASONS pARK’S A HITKeppel’s first collection of


Sustaining Growth 11

eco-homes, Seasons Park, in the T ianj in Eco-City was launched to positive response.

Mr Ho Cheok Kong, President of Keppel Land China, said, “We have received very strong interest since the groundbreaking for Seasons Park and enquir ies are streaming in not only from local homebuyers but also from Singapore, Malaysia and Hong Kong.

“The posit ive response during our soft launch reflects the confidence of Chinese homebuyers in the Keppel quality hallmark and international experience. To meet demand, we look forward to launch more h o m e s s o o n a n d a re heartened by genuine interest in the new and distinct eco-lifestyle presented in the Eco-City and our Keppel homes.”

The average price achieved for the units sold was about RMB11,059 psm for the units sold during the soft launch from 30 to 31 October 2010. Majority of the buyers are upgraders from Tianjin as well as others from Beijing, Hebei and Heilongjiang, who bought mainly 2- and 3-bedroom apartments.

Comprising a total of 1,672 residences, Seasons Park is strategical ly located along the Eco-Valley, the ecological green spine linking major transit nodes, residential developments

and commercial centres within the Eco-City. The development is also in close proximity to the Eco-Business Park and the commercial sub-centre.

Amongst Seasons Park’s popular features is the well-appointed clubhouse with facilities such as an in-door temperate swimming pool, sauna, gymnasium, snooker room and a café cum reading lounge.

The Keppel Group wil l leverage core competencies and expertise for its eco-development as well as its participation in and contribution to the Tianjin Eco-City, which will be its

showcase for sustainable developments in China.

It will galvanise the expertise and talents of international consultants and agencies to contribute towards the development of a thriving city in an ecologically sustainable urban living environment.

I n l i ne w i th Keppe l ’s commitment to the vision for the Tianjin Eco-City, its homes and commercial properties will be developed to achieve at least the BCA’s Green Mark Gold standard or its equivalent under the Tianjin Eco-City’s Green Building Evaluation Standard (GBES). The GBES evaluates a building in six areas, namely:

Land Savings & Outdoor E n v i r o n m e n t , E n e r g y Efficiency, Materials Savings, Water Sav ings, Indoor Environment Quality, and Operation & Maintenance.

B e s i d e s l e a d i n g t h e Singapore Consortium in the Tianjin Eco-City, Keppel will develop its own 36.6-ha site located within the Start-up Area. The entire Keppel eco-development, which will be launched in phases, is expected to yield about 5,000 homes in total as well as commercial developments including office and retail with a total gross floor area of about 680,000 sm. keppelite

Over 400 units at the Seasons Park have been sold to date



Set up in 1990, Keppel AmFELS was Keppel FELS’ first overseas venture outside of Singapore, as part the company’s Near Market, Near Customer strategy.

Over the years, the yard steadily nurtured a dynamic wo rk fo rce , honed i t s capabilities and built up top-c lass fac i l i t ies and equ ipment to become the most comprehensive shipyard in the Gulf of Mexico (GOM).

This has enabled Keppel AmFELS to deliver premium rigs to world class standards – on time, within budget and safely.

Tradition of excellenceCelebrating 20 illustrious years in brownsville, Texas, Keppel AmFeLS looks confidently towards a bright future as the most comprehensive shipyard in the Gulf of mexico.

To show its appreciation to community leaders of Brownsville and its workforce, Keppel AmFELS hosted an anniversary party on 30 October 2010, at the Arts Centre of the University of Texas at Brownsville/Texas Southmost College (UTB/TSC).

Gracing the event were D r Chan Heng Chee , Singapore’s Ambassador to the U.S., Congressman Solomon P. Ortiz; State Senator Eddie Lucio Jr., Mr Jason Hilts, President & CEO, Brownsville Economic Development Council, Dr Juliet V. Garcia, President of UTB/TSC, alongside other

distinguished guests and staff. Adding colour and vivacity to the celebration were profess ional f ine pianists, Ilgin Aka and Sherry Cheng.

Mr YY Chow, President (The Americas) of Keppel Offshore & Marine and Chairman of Keppel AmFELS, said, “Our achievements would not have been possible without the strong support of the local government and community leaders. I also take this opportunity to recognise the commitment and contributions of all Keppel AmFELS employees over the years.

Gracing Keppel AmFELS’s anniversary party were Dr Chan Heng Chee, Singapore’s Ambassador to the U.S. (third from right) and Congressman Solomon P. Ortiz (second from right) with other guests hosted by Mr GS Tan, President & CEO of Keppel AmFELS (third from left)

Mr YY Chow, President (The Americas) of Keppel Offshore & Marine & Chairman of Keppel AmFELS expresses his thanks to Congressman Solomon P. Ortiz for his longstanding support to Keppel AmFELS

As a company, we have proven our capabilities and competitive spirit to win jobs and succeed in the global marketplace.Mr YY ChowPresident (The Americas) of Keppel O&M and Chairman of Keppel AmFELS



“As a company, we have proven our capabilities and competitive spirit to win jobs and succeed in the global marketplace. And as a corporate cit izen, we continue to commit ourselves to the growth and development of Brownsville and its people.”

FIRST-RATE WORKFORCEFor just 150 people at the beginning, the workforce has grown significantly, peaking to an employment level of 3,000 in 2007. In particular, 1 0 9 e m p l o y e e s h a v e been working for Keppel AmFELS for more than 10 years, and 30 of them for 20 years.

The workforce has also grown in strength, with Keppel AmFELS’ continued investment in its human resources, through structured training, apprenticeship s c h e m e s , u n i v e r s i t y collaborations as well as scholarship grants.

In the area of safety, Keppel AmFELS’ recordable incident rate is a-tenth of the industry norm. The yard was also recognised as the Best Large Shipyard in Safety Management by the Insurance Underwriters two years in a row.

TOp-ClASS FACIlITIES Continuous investment on its infrastructure and facilities has also enabled the yard to compete effectively for jackup and semisubmersible jobs in the GOM.

In this area, Congressman O r t i z h a s p l a y e d a n instrumental role in an event that sparked the yard’s growth: the acquisition of a 30,000-tonne floating dock back in 1995. Named “Solomon Ortiz”, the dock is currently now the only one in the GOM capable of d o c k i n g l a r g e semisubmersible rigs.

With it, Keppel AmFELS became a fu l l - f ledged s h i p y a rd , c a p a b l e o f providing ful l range of construction, repair and upgrading work and was thus able to create more jobs for Brownsville.

COMMUNITy lEADERGiving back to the community has also long been a part of the company’s culture. The anniversary party coincided

Proceeds from Keppel AmFELS’ annual charity golf tournament, which raised over US$80,000 this year, will be used in aid of charities, education purposes and community projects

with Keppel AmFELS’ Annual Charity Golf Tournament.

Since 2005, the tournament h a s b e c o m e a m u c h anticipated affair for the community. The tournament is a platform to pool together sponsorships that are used in aid of charities, education purposes and community projects. This year, the tournament raised more than US$80,000.

Besides the tournament, Keppe l AmFELS ’ s ta f f has been the top private contributors in South Texas t o t h e U n i t e d Wa y, contributing a total of more than US$3 million since 2000.

NExT 20 yEARS AND BEyONDWith a healthy backlog,

Keppel AmFELS has prepared itself well to be ready to capture new opportunities.

Mr GS Tan, President & CEO of Keppel AmFELS said, “We rode the sudden slowdown in the past two years very well. We count ourselves very fortunate to have a healthy order book that we secured prior to the financial crisis of 2008.

“We pressed on with our continuous improvement programmes relentlessly and we have improved our operational efficiencies in many aspects. We explored the offshore wind-farm business and put ourselves in good position to utilise our parallel expertise for the future wind energy business.” keppelite



Sino-S ingapore T ianj in E c o - C i t y I n v e s t m e n t and Development Co., Ltd. (SSTEC), the master developer for the landmark S ino-S ingapore T ianj in Eco-City (Tianjin Eco-City) project, continues to attract like-minded partners to join in the development of this new model for sustainable urban living in China.

BUIlT TO lASTOn 28 October 2010, SSTEC established a wholly-owned subsidiary, Tianjin Eco-City Sheng Heng Eco-Maintenance and Services Co., Ltd. (Sheng Heng), to pioneer the concept of eco-maintenance facilities management in Tianjin.

Sheng Heng will provide a full range of services including eco-maintenance and property management,

Tianjin eco-City makes good progress

sustainability studies and skills training. The company also inked collaboration documents with several partners to provide eco-maintenance management for a total of 1,022,100 sm of homes, commercial buildings and industrial premises.

AGE-FRIENDly ECO SANCTUARyOn 29 October 2010, SSTEC signed an MOU with China Healthcare Limited (CHL), a Singapore-based heal thcare group with extensive experience in elderly care, to set up a joint venture company to manage the operation of the first eco sanctuary for elderly residents who choose to live an independent and self-fulfilling life.

SSTEC wil l be the sole developer for this 600-

unit project located in a 3.4-ha site. Development will commence by end 2010 with construction expected to be completed by June 2012.

DRIVING GREENTo encourage the early adoption of electric vehicles in Tianjin Eco-City, SSTEC signed a letter of intent with Chery New Energy Automobile Technology Co., Ltd. (Chery New Energy), a leading clean energy vehicle manufacturer in China, on 5 November 2010 to collaborate on the sale of Chery’s new energy vehicles in conjunction with SSTEC’s eco-homes.

Under this collaboration, buye r s o f e co -homes developed by SSTEC and its partners will be able to purchase Chery’s new energy vehicles at attractive prices.

INjECTING KOREAN FlAIROn 11 November 2010, SSTEC established a joint venture with Samsung C&T Corporation (Samsung C&T), worth more than RMB 500 million, to co-develop an eco residential project with more than 600 units.

Development will start in March 2011 with the homes expected to be launched for sale in end 2011.

S a m s u n g C & T ’s f i r s t residential development in China, the project is within walking distance to amenities including an international school and a Sub-Centre. Multi-award winning Korean architect, Samoo Architects, is the appointed designer for this project. keppelite

Mr Lin Xuefeng (third from left), Vice Chairman of the Eco-City Administrative Committee, and Mr Goh Chye Boon, CEO of SSTEC, officiating at the ceremony to formally establish Sheng Heng



For more than 30 years, Keppel has pushed boundaries to meet the unique challenges of Brazil’s offshore operating

The perfect matecompleted its third marine mat ing operat ion of a Floating Production Unit, P-56 on 2 November 2010.

The mating, a highly critical and complex operation, required the lower hull and the deckbox to be floated out to the mating site. There, the lower hull is submerged. The barge carrying the deckbox transfers its load onto the hul l which is gradual ly floated up.

With the depth and breadth of experience and technical excellence amassed from successfully executing similar projects in the past, namely, the P-52 and the P-51, the project team at BrasFELS managed to complete the operation of P-56 safely and successfully. keppelite

Safety success is not an accident at Keppel. It is achieved when employees, customers and subcontractors work hand in glove to share their knowledge and look out for each other’s safety.

Recognising the strong safety culture and competencies at Keppel FELS, Noble has

Safety rewards

Mr Mick Robson (right), Noble’s Project Manager, presenting the safety bonus to Johnny Ng, Keppel FELS’ Project Manager

Teamwork and dedication enabled the BrasFELS team to achieve the successful completion of the mating operations

environment, providing out of the box and cost-effective solutions to meet its customer’s needs.

awarded US$10,000 to the yard’s project team on 9 November 2010.

T h e c o m m e n d a t i o n celebrates the achievement of one million safe manhours worked on the fabrication of drillship Noble Leo Segerius’ new stern block. keppelite

Adding to the strong track record, Keppel FELS Brasil’s BrasFELS yard in Angra dos Reis has successfully



Keppel O&M senior management briefed Scandinavian guests about the company’s facilities and project management expertise

Strengthening ties with the international diplomatic and business community, Keppel has hosted visitors from far and wide, sharing its business insights through active exchanges, discussions and tours to its landmark projects.

CHINAFrom China, Ms Zhou Yuqiu, Director of Beijing State-owned Assets Supervision a n d A d m i n i s t r a t i o n Commission (SASAC), led a 40-strong delegation to Keppel Corporation on 28 October 2010 to learn more about the Group’s businesses and corporate governance practices.

building international ties

Mr Chen Hai Bo (left), Mayor of the Shenyang Municipal Government, led a 14-member delegation to visit the Keppel Seghers Tuas WTE plant



Mr Frank Jensen (centre), Lord Mayor of Copenhagen, accompanied by HE Ole Lisborg (left), Danish Ambassador to Singapore, met Dr Lee to learn about Keppel’s role in the Sino-Singapore Tianjin Eco-City project

They we re ho s t ed a t Reflections at Keppel Bay’s show gallery and visited the Keppel Seghers Tuas Waste-to-Energy (WTE) Plant to learn about Keppel’s environmental engineering business.

Separately, on 3 November 2010, a 14-person delegation led by Mr Chen Hai Bo, Mayor of the Shenyang Municipal Government, also visited the Plant.

Calling on Keppel weeks later was a 20-person d e l e g a t i o n f r o m Hube i SASAC, l ed by Mr Chen Gang, a consultant from the Enterprise Leaders Personnel Management Division. On 16 November 2010, they visited Keppel Land’s headquarters.

NORWAyAlso welcoming guests from abroad on 22 October 2010 was Keppel Offshore & Marine (Keppel O&M) which hosted HE Janne Julsrud, Norwegian Ambassador to Singapore.

VIETNAMAnother delegation led by Mr Hoang B inh Quan, Chairman of the Commission of External Relations from Vietnam, visited Keppel Bay to learn more about K e p p e l ’ s f l a g s h i p development and operations in Vietnam, on 1 November 2010.

QATARIn Singapore to attend the Singapore International Ene rgy Week , HE A l -Attiyah, Deputy Premier

and Minister for Energy & Industry of Qatar, took the opportunity to meet up with Keppel management on 1 November 2010.

DENMARKT h e L o r d M a y o r o f Copenhagen, Mr Frank Jensen, and his delegation c a l l e d o n K e p p e l o n 8 November 2010 to learn more about Keppel’s role in the Sino-Singapore Tianjin Eco-City (Tianjin Eco-City) project as well as Keppel’s capabilities in environmental engineering. Accompanying the Lord Mayor was Danish A m b a s s a d o r, H E O l e Lisborg.

The delegation was keen to understand the concept and planning behind the Tianjin Eco-City as well as to see

HE Al-Attiyah (left) presents a token of appreciation to Dr Lee Boon Yang, Chairman of Keppel Corporation

how Danish companies could participate and contribute to this landmark project to create a model for sustainable urban living.

jApANFrom Japan too, hai led a 12-person delegation c o m p r i s i n g s e n i o r representatives from the Real Estate Companies Association of Japan, led by Mr Kenichi Ueno, Director for the Urban Development Cont ro l Off i ce i n the C i t y a n d R e g i o n a l Development Bureau of Japan’s Ministry of Land, Infrastructure, Transport and Tourism.

The objective of the visit was to learn about opportunities for collaboration in the Tianjin Eco-City project. keppelite



A part of weekly education talks, the NUH Special Rounds Series is a forum where leaders from various industries are invited to share with the hospital’s management and staff.

Address ing a crowded lecture theatre of more than 200 medical professionals and students, Mr Choo shared the Keppel story, and remarked on the similarities with that of NUH.

Mr Choo shared, “From a country with an acute shortage of well-trained medical personnel and facilities, we have evolved into a world-class healthcare destination as well as a leading biomedical hub for cutting-edge medical research and technologies.

“I can see several parallels in the growth of NUH and Keppel. With roots i n S i ngapo re , Keppe l grew from a ship repair yard in 1968 into a global conglomerate with diverse key businesses in offshore and marine, infrastructure and property development in over 30 countries around the world.”

Mr Choo also recognised that both Keppel and NUH exist

Special insights Keppel Ceo mr Choo Chiau beng shared his views on “business management, People management and value management” at the National University Hospital’s (NUH) inaugural Special rounds Series on 22 october 2010.

for their customers. Noting the importance of client management, he added, “At Keppel, customer focus is one of our core values. We cons ider customer satisfaction one of the key measures of our business performance.

“We believe in providing value-added solutions on time and within budget for all our customers. It takes a lot of effort and hard work but I believe dedicated professionals like you will regard that as well worth it.”

Beyond customers, both Keppel and NUH ultimately recognise the importance their people play in their organisations. On teamwork, Mr Choo commented, “Every organisation is only as good as its people. For Keppel, we are what we are today because of our people, which is why we place great emphasis on teamwork.

“I understand that teamwork, being one of your core values, is at the very heart of NUH. Teamwork is cultivated over time through mutual

respect and passion, as well as always acting in the best interests of your patients.”

Mr Choo concluded his speech by sharing that an expedient way to measure performance and value is through sett ing key performance indicators which are intricately linked to the company and individual’s performance. Such value m a n a g e m e n t e n s u re s complete transparency and objectivity for remuneration. keppelite

Professor John Wong, Deputy CE of National University Health System, presenting Mr Choo Chiau Beng, CEO of Keppel Corporation, with a token of appreciation




Fo r t he s e ven th yea r running, the Subcontractors Night hosted by Keppel FELS on 22 October 2010, was well-attended by partners

Long-standing partnersa n d s u b c o n t r a c t o r s . The platform allows all stakeholders to exchange ideas on improving safety and productivity.

Keppel FELS cultivates winning partnerships with subcontractors with initiatives such as the annual Subcontractors Night event

Expressing his appreciation to the subcontractors for their long-standing support, Mr Tong Chong Heong, CEO of Keppel Offshore &

Marine, said, “We should all take on the challenge of getting jobs done quicker, better and safer at profitable means.” Seven awards subcontractors were recognised this year. Chua Industrial & Engineering Pte Ltd received the Best in Health, Safety & Environment (HSE) award while one 10-year, two 20-year and three 30-year long-term partnership awards were conferred to other subcontractors. keppelite

Regular engagement and dialogue with industrial partners, from government representatives to unions and contractors, enable Keppel to maintain harmonious working relations and achieve economic competitiveness for the nation.

On 22 October 2010, Minister of State for Prime Minister Office and Deputy Secretary-General of National Trades Union Congress, Mr Heng Chee How was introduced to new safety and productivity features implemented at Keppel Shipyard.

enriching industrial relationsMinister Heng was welcomed by Mr Tong Chong Heong, CEO of Keppel Offshore & Marine (Keppel O&M), Mr Nelson Yeo, MD (Marine) of Keppel O&M and MD of Keppel Shipyard, and other Keppel management as well as the members of Keppel Employees Union (KEU).

He toured the yard’s new semi-automated pipe shop and the Keppel Safety Training Centre. Following the tour, the minister and members of the KEU delved into discussions on industrial relations and labour matters. keppelite

Mr Tong (second from left) shows Minister Heng (left) the Keppel Safety Training Centre

20 Special Focus


Taking another major step in the journey towards a zero-incident workplace, the Keppel Group launched its Workplace Safety & Health (WSH) 2018 initiative recently on 25 November 2010.

Singapore Minister for Manpower Mr Gan Kim Yong, Guest-of-Honour at the Group’s fourth Safety Convent ion where the initiative was launched, l auded Keppe l as the first company to launch a corporate initiative in line with the National WSH 2018 strategy.

Minister Gan said, “We are certainly off to a good start today with Keppel Group launching your very own

Towards a zero-incident workplaceKeppel launches first corporate initiative in line with Singapore’s WSH 2018 strategy.

Keppel WSH 2018 to steer Group-wide efforts.

“Aligning your corporate efforts to national goals is the right way to go, and Keppel serves as a model for other companies, especially those in the marine sector. Adopting the key principles to manage r isks, bui ld capabilities and intervene effectively is the right step forward.”

The in i t ia t i ve out l ines Keppel’s vision, strategies and goals to align and achieve sustained improvements in WSH standards across the G r o u p . K e p p e l a i m s to s igni f icant ly reduce i t s i n c i d e n t r a t e s b y implement ing un i form

Minister for Manpower Mr Gan Kim Yong (third from right), launching the Keppel WSH 2018 initiative with Keppel senior management

safeguards , increas ing a c c o u n t a b i l i t y a n d promoting ownership across all its business units.

Mr Tong Chong Heong, ED of Keppel Corporation and CEO of Keppel Offshore & Marine, said, “Our goals by 2018 are to have a strong WSH culture, to have WSH as an integral part of our business, to have a reduction in workplace incidents and to be a thought leader in safety in the relevant industries where we are in.

“This is the next phase in our safety journey where we align safety standards and culture across the Group’s workforce, contractors and partners.”

KEppEl WSH 2018The initiative features four key thrusts which wi l l impact over 40,000 of Keppel’s employees and subcontractors.

1. ESTABlISHING AN INTEGRATED FRAMEWORKKeppel has introduced an electronic Global Incident Repor t ing Sys tem – a centralised system to manage incident reporting across the Group, enabling sharing of incidents anywhere in the world.

The system ensures that senior management and relevant safety personnel are kept abreast of incidents, a n d t h a t i m m e d i a t e

21


corrective measures are taken. Through a web porta l , lessons can be systematically shared across the Group.

Continues on page 22...

our goals by 2018 are to have a strong WSH culture, to have WSH as an integral part of our business, to have a reduction in workplace incidents and to be a thought leader in safety in the relevant industries where we are in.Mr Tong Chong Heong ED of Keppel Corporation and CEO of Keppel Offshore & Marine

2. IMplEMENTING AN EFFECTIVE MANAGEMENT SySTEMIndividual business units will undergo a three-year self

assessment programme to develop a safety roadmap and to identify measures needed to improve their safety performance. Assessors

Keppelites reaffirm their commitment to safety at the Keppel Group Safety Convention 2010

Dr Lee Boon Yang (4th from left), Chairman of Keppel Corporation, showing Minister Gan the safety innovation, ‘Universal Mobile Stool’, which won an industry award for significantly improving the ergonomics of the workplace

22 Special Focus


maintaining safety and health at the workplace is not just for employees, but also for their loved ones.Mr Gan Kim YongMinister for Manpower

50-year-old Yee Tat Kong, Operations Manager of Keppel Merlimau Cogen, is from Selangor, Malaysia. When he joined Keppel in March earlier this year, he submitted a family photograph taken during his eldest son’s graduation ceremony to be printed on his staff pass.

He said, “The nature of my job can be dangerous at times. Whenever I see this photograph of my wife and four children, I will miss them and be reminded to be careful at work.”

Keppel Energy launched the ‘This is Why I Work Safe’ campaign in January this year. Photographs of employees’ loved ones were printed on the reverse sides of their staff passes with the tagline.

Paul Rodrigues, Keppel Energy’s Assistant GM for Asset Management, came up with the idea

This is why I work safe

from across the Group will be trained and equipped with safety competencies to conduct the assessments.

3. ENHANCING OWNERSHIpA year since the launch of the ‘Safety Starts with Me, Together We Care’ campaign, Keppel opened a safety training centre in June this year.

C o r e c o m p e t e n c y and sa fe ty l eader sh ip development programmes as well as Workforce Skills Qua l i f i ca t ions courses certified by the Singapore Workforce Development Agency are some of the key training modules conducted by fu l l - t ime qua l i f i ed instructors at the centre. As of early-October, some 4,500 workers have benefited from the training at the centre.

Under this thrust, Keppel has also rolled out a programme where project leaders are placed on a stint to the safety department to better understand workplace safety management and to enable them to apply the safety knowledge acquired when they resume their regular duties.

4. STRENGTHENING pARTNERSHIpSKeppel supports numerous industry, client and national campaigns and conferences.

for the campaign. He shared, “During a visit to a petrochemical plant in Texas in 2007, I noticed that all staff had their family photograph printed on the reverse side of their security pass with this tagline. I thought that was a great idea to use their loved ones as a soft approach in reminding them to work safe.”

He added, “At Keppel Energy, we have the necessary sytems and procedures in place – this campaign takes the emotive approach to increase staff determination to work safely. Now, every time we take out our pass to enter the plant, it serves as a reminder that our loved ones are waiting for us at home.

“Very often, we get so engrossed in our work that we forget the importance of working safely. Many incidents and injuries occur due to carelessness and unnecessary risks taken. The photographs will remind us of our responsibilities to the

Next year, it will be hosting the ASEAN Council on Petroleum (ASCOPE) Safety Conference which will draw participation from national oil companies across ASEAN countries. The Conference will be a forum to discuss the region’s safety issues.

SIGNIFICANT STRIDESThe cumulative effect of Keppel’s safety journey is seen in the improvement of its accident frequency rate (AFR), falling from 2.8 in 2006 to 0.40 reportable accidents for every million man-hours worked in the first half of 2010.

The Group’s Accident Severity Rate (ASR) also reduced to 129 man-days lost per million man-hours worked in first half of 2010 from 560 man-days lost in 2006.

With the rollout of the Keppel WSH 2018 initiative, Keppel, together with its stakeholders, customers a n d s u b c o n t r a c t o r s , d e m o n s t r a t e t h e i r continued commitment to ensure everyone goes home safely every day. keppelite

...continues from page 21.

23


Yee Tat Kong (right), Operations Manager of Keppel Merlimau Cogen, and his colleague are reminded to work safely each day with the photographs of their families printed on their staff passes

This is why I work safe

special people close to our hearts.”

The ‘This is Why I Work Safe’ campaign was showcased at the fourth annual Keppel Group Safety Convention held at the University Cultural Centre in October 2010. A colourful board filled with photographs of employees’ family members attracted the attention of many viewing the exhibits, including Minister Gan.

Minister Gan shared, “The board reminds me of a banner which I saw at a factory during a trip to China that read, ‘go to work happily, return home safely’. Maintaining safety and health at the workplace is not just for employees, but also for their loved ones.”

A t t h e e n d o f t h e Convention, guests went home w i th the f i rm reminder that in future, before they ascend that high platform, before they take the short-cut, before they take a chance – there are people – their family and loved ones, who are waiting for them at home. And that is the reason why they have to work safely every day.

Employees at Keppel Energy’s power plant in Ecuador, where the ‘This is Why I Work Safe’ campaign was also launched this year



Constantly innovating to keep ahead of competition is a quality that Keppel seeks to encourage in its employees across the organisation. An annual event, this year’s Keppel FELS Innovation Month took on the theme Unlock Creativity, Improve Productivity to impress upon employees that one factor impacting a company’s productivity is its innovation culture.

Forming a tota l of 54 Innovation and Qual ity

Creative innovationsCircles (iQC) teams, including s i x g roups f i e lded by subcontractors, participation saw a boost from last year’s 48 teams. Much effort went into conceptualising solutions, all of which could potentially save Keppel FELS an impressive $3.6 million a year when implemented.

At the closing ceremony on 3 November 2010, Mr Tong Chong Heong, CEO of Keppel Offshore & Marine, remarked that the extent of an organisation’s survival

will depend on how well it innovates. He said, “While investing in hardware like advanced equipment may increase our work efficiency, it is also important that we look at ways to reduce wastage in our current processes.”

Project submissions were assessed based on the National iQC Assessment criteria, yielding results of 16 Gold, 26 Silver and 11 Bronze Awards winners, while one team garnered a Certificate of Participation.

Bagging the Outstanding iQC Team Award for the second year, team TOICA from Production (Mechanical) focused on identifying a safe and effective method for equipment installation on the derrick of rigs built at Keppel FELS. By fitting in a counterweight on the utility

Team TOICA were proud winners of a Gold and the Outstanding iQC Team Awards Mr Wong Kok Seng, ED of Keppel FELS, was briefed on the details of Team Hopper Revolution’s solution of filling grit into a hopper safely

winch wire and a manual winch on the dril lf loor, TOICA’s method not only reduces man-hours and costs required, it also achieves an improvement in safety.

F o r t h e i r l e a d e r s h i p and posit ive inf luence, Outstanding iQC Awards were conferred to Damien Ng from Planning & Control, Ng Joo Kheng from contractor Sin Hong Thai, Casandra Santhi from Purchasing and Bernard Lee from Security.

P-Team from Purchasing walked away with the Most Innovative Presentation Award for delivering their presentation in the format of a radio programme, drawing much laughter from the judges. Three Best Exhibit Awards were given to P-Team, GS7 from Planning & Control and Hopper Revolution from Production (Painting). keppelite



myanmar’s finest

Mr Saman Sarathchandra (centre), GM of Sedona Hotel Yangon, receiving the Myanmar’s Leading Hotel award from Mr Chris Frost, Group Commercial Director of World Travel Awards

Sedona Hotel Yangon has reaffirmed its position as Myanmar’s top hotel. It has been named Myanmar’s Leading Hotel, for the third consecutive year at the World Travel Awards ceremony, held on 14 October 2010 in Delhi, India.

I ts s ister development, Sedona Hotel Mandalay, was also a nominee in the same category.

Mr Vincent Tan, Senior VP of Sedona Hotels International, said, “We are honoured to rece ive th i s s t rong

recognition by the global travel industry. The award is a testament to Sedona’s continued commitment to provide world-class services across all our six hotels and serviced apartments across Asia.”

Hailed by The Wall Street Journal as the travel industry’s equivalent of the Oscars, the World Travel Awards are voted by travel professionals from 167,000 travel agencies, tour and transport companies and tourism organisations across the globe. keppelite

Two top welders f rom Regency Steel Japan (RSJ), a wholly-owned subsidiary of Keppel Offshore & Marine, have done the company proud, winning recognition for their steadfast skills on 24 October 2010.

Mr Kohei Tokuhisa and Mr Ryo Sameshima, won the second and third position at the 51th Fukuoka Prefecture Welding Skill Contest held at Kitakyushu city in Japan.

112 part ic ipants went through two types of welding tests - Gas Metal Arc

Weld done!Welding (GMAW) and Shield Metal Arc Welding – during the contest. Their welding test pieces were evaluated by visual inspection, X-ray and mechanical testings. In RSJ, about 90% of the welding is done using GMAW method.

Mr Wong Chun Yu, President of RSJ, shared, “Welding is detailed work that requires good hand-eye coordination and manual dexterity. In order to be proficient in welding skills and techniques, it takes great efforts to continuously fine tune and

maintain good standard of welding practices. RSJ is committed to delivering the highest quality products to our customers.”

RSJ has produced several winners from this contest in the past where it achieved the first position in 2005 as well as second position in 2006 and 2008. Established in 2004, RSJ is a specialist in the fabrication of heavy steel structure and solution provider to heat treatment of high-end steel products. keppelite

Mr Kohei Tokuhisa (second from left) and Mr Ryo Sameshima (third from left), clinched the second and third position at the 51th Fukuoka Prefecture Welding Skill Contest held at Kitakyushu city in Japan



M a r i n a B a y F i n a n c i a l Centre (MBFC) continues to contribute to the vibrant M a r i n a B a y p re c i n c t , envisioned as an exciting work-live-play integrated development.

RETAIl HAVENPhase One of its retai l component, the Marina Bay Link Mal l (MBLM), was unveiled recently on 3 November 2010. Some 55 tenants across 93,800 sf of retail space will offer convenient lifestyle shopping, dining as well as convenience treats.

These include Taiwanese chain restaurant Din Tai Fung, New York eatery Madison Deli, Japanese pas ta house Yomenya Goemon and Absolute Thai. Shoppers can also look forward to Four Seasons

Lighting the bay

Gourmet Market, Mode Hair Gallery and fashion labels Konplott and Adore from Germany and the U.S. respectively.

On the street level are restaurants ideal for corporate dining and entertaining – Akari Dining & Bar, Brawn d+b, Harry’s Gastro Bar, exquisite modern Chinese restaurant Paradise Pavilion and Boulevard Bayfront (on the ground floor of MBFC Tower 1).

Taking dining to a new high at MBLM will be LeVel 33 – the world’s highest urban craft-brewery, restaurant and lounge located at the penthouse of MBFC’s Tower 1.

Mr Wilson Kwong, CEO of Raff les Quay Asset Management, the asset manager of MBFC, said,

“MBLM is well-placed to further enhance the dining and shopping pleasures for our captive catchment of over 50,000 office workers and residents at MBFC, as well as nearby hotel guests and tourists to Singapore’s newest destination hub at Marina Bay.

“ T h e m a l l ’s s e a m l e s s connectivity to Raffles Place and new developments around Marina Bay help attract additional shopper and dining traffic to the mall, which enhances its attractiveness as a retail address.”

DElIGHTFUl ARTExciting events at Marina Bay will also generate buzz all year round, drawing locals from all corners of Singapore and tourists from the world over.

Just recently, from 15 October to 7 November 2010, Marina Bay was adorned with a delightful kaleidoscope of lights and lanterns of various shapes and sizes at the iLight Marina Bay Light Festival, Asia’s first ever sustainable light art event.

Beyond beautifying the vicinity, the light sculptures served as educational tools, teaching the public on available alternative sources of energy creation.

Supporting these exciting initiatives, One Raffles Quay and MBFC implemented energy saving measures including switching off some external lighting, allowing the light art sculptures to shine unencumbered by competing light sources. keppelite

MBLM’s tenants open to lunch time crowds A striking tiger light sculpture designed by Chris Bosse of Germany stretches out as part of the iLight Marina Bay Light Festival



Caring for Kairos

Sterling hostAll hands were on deck at Marina at Keppel Bay as it played host to a myriad of activities over the past months.

A n c h o r e d b y t h e Marina’s open-air plaza since 19 October 2010 was a 73-year-old Portuguese naval training ship named the NRP Sagres that called on Singapore for five days.

The rare three-mast and 14-storey high ship was a travelling ambassador of the seafaring nation. After Singapore, other ports of call include Malacca, Kuala Lumpur, India and Egypt before returning to Lisbon on 23 December 2010.

Prestigious watch company, IWC Shaffhausen, a lso leveraged the beauty and prestige of the Marina’s location as a befitting venue to launch its latest watch collection, the Portuguese Yacht Club Chronograph on 3 November 2010.

W h i l s t o n b o a r d t w o Beneteau 40 .7 boa t s , manned by s taff f rom the Keppel Bay Sai l ing Academy, some 30 of IWC’s top corporate clients were given an exclusive preview of the new nautical collection.

Adding to the good cheer at the Marina were also

experienced such personal and professional service as I have at Marina at Keppel Bay.

“I recently purchased the Kairos which required her outfitted with various new electronics. This task was made more difficult as I also recently injured both my knee caps due to excessive kneeling and crawling.

“Not only did the Marina Operations team willingly ferry me back and forth my boat on the buggy, they went the extra mile by helping to load and unload items from my car.

Mr Soeigiarto aboard his Kairos and right at home at Marina at Keppel Bay

Sinterklaas and his Black Peters (Sinterklass’ helper) who a r r i ved by boa t , greeted by over 300 excited spectators.

The traditional Dutch winter holiday figure is celebrated annually during the festive season.

Organised by the Hollandse C l u b f o r t h e D u t c h expatriate community, the crowd was in full swing as Dutch carols and fare were shared amongst one and all. keppelite

Whilst Marina at Keppel Bay is a keen host to international visitors, it is also home to a great variety of boats owned by boating enthusiasts.

One such boa te r i s Mr Roy Soeigiarto, owner of Mainship Trawler 40, Kairos. He shares why Marina at Keppel Bay is the choice home for his boat.

“I have been a boater for more than 20 years now nd have sailed to and berthed at ports around A s i a a n d A u s t r a l i a , b u t n e v e r h a v e I

“Thank you, Marina at Keppel Bay, for making my boating experience nothing short of smooth-sailing.”

The 14-storey high Portuguese NRP Sagres III



People, passion, progress

Progress | 2011

PeoPle

Cover of Keppel Group Calendar 2011

The passion and commitment of Keppelites, past and present, leave an enduring mark in the development and growth of our Group, and beyond that, the industries and communities in which we operate.

Ref lect ing on the r ich heritage shaped by the lasting legacies of giants such as Mr George Bogaars, Mr Chua Chor Teck and Mr Sim Kee Boon, to name a few, the 2011 Keppel Group calendar features timeless words which aptly embody the Keppel Core Values.

Featuring the various business units across the Group, the 2011 calendar also serves as a testament to the formidable conglomerate that Keppel has become today, providing innovative solutions in the Offshore & Marine Industries, Sustainable Environment and Urban Living.

As it finds its way to the desks of not only Keppelites but also business associates and customers worldwide, the Keppel Group calendar communicates the values behind the company that all of us are so proud of. keppelite

Keppel ’s propert ies at Keppel Bay, as part of the HarbourFront Cluster, have recently been conferred one of ten Safe and Secure Watch Group Awards at the recent Safety and Security Watch Group (SSWG) Awards 2010 held in October.

The two distinguished winners are Keppel Bay Tower, which is part of HarbourFront Office Park, and Marina at Keppel Bay, one of Asia’s most prestigious marinas.

The award recognises the top ten nationwide clusters as

Sheltered watersexcellent safety and security practitioners who had passed the stringent and thorough examinations by the Police and Civil Defence force on safety and security matters.

All members of the cluster had to go through stringent auditing by Singapore Police Force and the Singapore Civi l Defence Force on both physical security and safety measures as well as contingency and evacuation plans. keppelite

Deputy Prime Minister and Co-ordinating Minister for National Security, Mr Wong Kan Seng (left) presents the Safety and Security Watch Group Award award to Mr Trevor Fong, GM of Marina at Keppel Bay

empowering Lives 29


Keppel Batangas Shipyard and Subic Shipyard and Engineering, Inc. under Keppel Philippines Marine, Inc. (KPMI) have been actively making rounds in several universities in Manila and Batangas to raise awareness of the offshore and marine industry as well as the career opportunities in KPMI.

Dr Leonardo C. Medina Jr., Dean, College of Engineering of Lyceum of the Philippines University, shared, “We

Cultivating aspiring entrantsthank Keppel’s effort for strengthening the industry-academe linkages as we envision our engineers to play a crucial role in nation building.”

Keppel Batangas recently also hosted students and faculty members from Saint Louis University and Rizal Marine and Techno-Computer College. The visitors had a close-up view of the ship repair and shipbuilding activities in the yard. keppelite

KPMI’s HR & Administration Manager, Alan I. Claveria (right) shares the depth and breadth of career prospects in the offshore and marine sector

Ordering wines at business events can sometimes be a bewildering affair. With the aim of initiating its members into the fine art of wine selection, Keppel Young

Spirit of learning

Leaders (Keppel YL) organised a wine appreciation session on 8 November 2010.

Held at The Wine Glass, Mar ina at Keppel Bay,

Keppel YL members learnt to differentiate between the variety of whites and reds served.

Sommelier Jonathan Mather also shared general food pairings with the types of wine, for instance, white wines usually go well with fish.

Ho Kuen Loon, President of Keppel YL and Senior M a n a g e r ( C o r p o r a t e Development/P lanning) of Keppel Corporation, encouraged the participants to tap on the sommelier’s oenophile experience and expertise.

Debunking a myth that good wine has to be costly,

Keppel YL members gaining a better understanding of wine selection and appreciation at The Wine Glass

he cautioned the audience against selecting the most expensive wine from the list. With a basic understanding of the grape varietal, which region the vineyard is located and keeping in mind the food to be served at the meal, a host can also seek guidance for the restaurant’s sommelier.

In addition, Keppelites took the opportunity to get acquainted with colleagues from the various business units. “The session was useful, not just as a platform to clarify matters relating to wine selection, but also for me to meet other colleagues in the Group,” said Audrey Chia, Senior Associate (Group Internal Audit) of Keppel Corporation. keppelite

30 empowering Lives


Throughout nine games played over two months, good sportsmanship and teamwork have shone through in the Keppel G a m e s . C h a r t i n g t h e challenges and triumphs of Teams Atlantic, Caspian and Pacific, Keppelite shares highlights of the recent badminton, bowling and soccer playoffs.

COURTING SUCCESSW i t h c a l m n e s s a n d composure, Team Caspian struck gold at the Keppel Badminton Challenge held on 31 October 2010 at Choa Chu Kang Sports Hall. Female players became the deciding factor in the semi-finals, with Teams Caspian and Pacific each dispatching two teams.

Pacific 1 strategised its line-ups in the various matches and secured third placing, while tension thickened in the final mixed doubles match between Caspian 1 and Pacific 2 which exchanged blows for the final win. Caspian 1 finally edged its competitor out with a nail-biting score line of 21-19.

STRIKING SWEEpOver at the Orchid Country Club Bowling Alley, more than 90 bowlers flaunted their skills in style at the Keppel Bowling Challenge on 7 November 2010.

Teamwork scores

Keppelites from Brazil and Bulgaria add to the diversity of the soccer teams

Powers of concentration are put to the test at the Keppel Bowling Challenge

empowering Lives 31


The women’s team from Team Caspian celebrate their win against defending champion, Team Pacific

Regardless of which team or business unit they belonged to , compe t i to r s we re generous in their cheers of support and encouragement for each other.

Team Atlantic emerged unrivalled, sweeping up all top three prizes, as well as the Best Female Bowler title.

FEISTy KICKThe vibrancy of the Games also spread to Republic Polytechnic’s soccer field, where footballers kicked their competitive modes into high gear on 14 November

2010. Brazilian and Bulgarian Keppelites joined forces with their Singaporean colleagues in feisty matches, while Keppel’s usually gentle ladies showed their prowess on the pitch.

Two Brazilians, on stints with Keppel Singmarine, added to the diversity of the teams and savoured the opportunity to have a taste of the Keppel Games’ tradition.

H o w e v e r, i t w a s t h e women’s teams that stole the limelight, winning the crowd’s admirat ion for rising to the challenge of

playing seven-a-side soccer on a full-sized soccer field, braving even scorching sun and pouring rain in the closing matches. The women’s finals concluded with Team Caspian’s decisive win of 2-0 in the penalty shoot-out.

The Keppel Soccer Challenge continues with the men’s soccer final between Teams Caspian and Pacific, to be held at the Grand Finale on 28 November 2010 at Raffles Institution.

RACE TO THE ENDNeck to neck in the race to

the finishing line, players, t e a m m a n a g e r s a n d supporters are upping the ante for the final dash to the end of this year’s Keppel Games. With small leads between the teams’ scores, the Overall Championship Trophy could easi ly be snatched up any of the three teams. The upcoming Keppel Darts Challenge and Grand Finale-Keppel Sports Meet will determine Keppel’s champion for 2010. keppelite

32 empowering Lives


From fulfilling a childhood curiosity to quenching his desire for global exposure, Ivan Lim has always sought to gain new knowledge, expand his horizons and grow his abilities.

Now in Qatar serving Nakilat-Keppel Offshore & Marine (N-KOM), Ivan embraces the challenge of helping to fortify Keppel O&M’s networks in the Middle East.

Eager to contribute and be part of the establishment of a world-class yard from the ground up, Ivan, AGM (Operations) at N-KOM, recognises that the learning opportunity is tremendous.

He shared, “My posting to Qatar will add global perspectives to my current understanding of the shipyard industry, and build on my practical and theoretical knowledge in ship repair and conversion projects.”

Ivan’s career in the offshore and marine industry was sparked by a boyhood fascination for seafaring vessels. Then, he had often wondered how ships worked and were put together.

At 16, he applied to work at Keppel Shipyard and was awarded a scholarship to pursue a Diploma in Marine Engineering at Singapore Polytechnic.

expanding horizonsAf te r comp le t i ng the diploma programme and national service, Ivan served as a Machinery Assistant Engineer for ship repair projects, and subsequently became a Project Engineer for Floating Production Storage and Offloading conversion projects.

Noting his diligence, tenacity and interest in ships, Keppel Shipyard sponsored his diploma, and afterwards his Bachelor’s Degree in Marine Engineering and Master Degree in Marine Engineering at the renowned University of Newcastle upon Tyne in the United Kingdom.

The years have not tempered Ivan’s passion for the offshore and marine industry. Instead, his first hand exposure at Keppel Shipyard has led him to appreciate the industry not only from an engineering standpoint but also for its dynamism and spirit.

Ivan noted, “Our yards simultaneously undertake numerous complex, mega-structure rig or ship projects which require rigorously scheduled inputs of materials and manpower.”

“To ensure safe , h igh q u a l i t y a n d q u i c k turnarounds, we emphasise g o o d c o m m u n i c a t i o n and teamwork between Keppelites, customers and

subcontractors,” added Ivan, on the pillars of good yard management.

Whi le at N-KOM, Ivan and his fellow postees will serve as crucial conduits for the transfer of these work philosophies as well as Keppel O&M’s knowledge and systems to the new business unit. In return, these postees will gather deep

Ivan Lim (front) strides to the beat of Keppel’s Can-do! spirit at this year’s National Day Parade

insights into Middle Eastern business practices and know-how.

It is passionate Keppelites like Ivan, keen to be attuned to both global and local conditions, who will ensure that Keppel O&M’s hallmarks of excellence will continue to be delivered to the doorsteps of its customers and their markets. keppelite

empowering Lives 33


Keppelites Abroad

Agile adapter Two years ago, Vichien Yupoonsup, a Thai working in Keppel Land Singapore, was presented with the o p p o r t u n i t y t o m o v e abroad as one of Keppel Land Vietnam’s investment managers.

Even though the role was almost completely new to Vichien, he took the challenge head-on, knowing that it was a great opportunity to sink his teeth deeper into the business and learn widely.

With this gung-ho attitude and a spirit for learning,

Vichien, accompanied by his wife and young son, moved quickly to Ho Chi Minh City, where Keppel Land is developing a plethora of properties ranging from villas and condominiums to a township and commercial mixed-use developments.

Having relocated from his homeland to Singapore at a tender age for his education, Vichien knew that challenges lay ahead, but he was even more eager to experience life and work in a whole new env i ronment and culture.

It was not long before Vichien settled into Vietnam and the local ways of doing business and making friends.

Vichien, now 36, shared, “In Vietnam, you can make new friends easily. Most of the locals are helpful and friendly even before they get to know you well. We often enjoy chatting over Ca Phe (Vietnamese coffee).”

What made it easier for Vichien to blend in are his Vietnamese colleagues, whom he has come to realise, embrace the same values as

In full festive mood is Vichien (extreme right) in the company of his Vietnamese colleagues

Keppelites all around the world.

Vichien remarked, “At work, they maintain a high level of professionalism and dedication – the same as my colleagues from Singapore or anywhere else where Keppel operates. The vitality of the people here is infectious, and I am thrilled to be part of Keppel Land’s robust growth and development in Vietnam.”

Other than his new friends, Vichien’s greatest reward ha s been the my r i ad opportunities to learn and stretch his limits.

He enthused, “Being in a high growth business operation means there are more chances for me to learn. Besides evaluating investment opportunities, I had also been roped in for both corporate and project marketing efforts. It is very exciting to be able to contribute and add value to other departments, and to work together to fulfill common objectives.

“There’s s t i l l so much more for me to learn and experience. I’m glad that I was given the opportunity to be here.” keppelite

34 empowering Lives


Conquering the steep rock cliffs of Mount Ophir was made possible with the support and encouragement from team mates

Ain’t no mountain high enough, ain’t no ocean deep enough – to keep Keppelites from having an adventure!

From Mount Ophir to Phuket, exciting excursions organised in October by the Keppelite Recreation Club (KRC) and Keppel Credit Union (KCU) set Keppelites across business units on a regional quest for fun and new friendships.

SCAlING NEW HEIGHTS26 adventurous Keppelites scaled Mount Ophir in an excursion organised by KRC from 1 – 3 October 2010.

Mount Ophir, situated in the Gunung Ledang National Park in Ledang Distr ict in northwestern Johor, Malaysia, stands at 1,276 m above sea level. The trek to the peak took the adventure-seekers almost nine hours and was certainly no mean feat.

Braced with the Can-Do! spirit, the group took the more challenging route that required the use of ropes to climb up steep rock surfaces and ladders to surmount formidable cliffs.

“The 60-degrees rock face looked daunting, but I knew that failure was not an option. With the support of my team mates, I was spurred on to overcome the seemingly impossible

regional adventurestask,” said 63-year-old Mr Tan Cheng Hui, Senior GM of Engineering, Keppel Singmarine.

He added, “Half way through the downhill climb, my knee joints became painful. It was tempting to quit, but I was determined to complete

SUN, SAND AND SEAI n a n o t h e r e x c u r s i o n organised by KRC and KCU, 54 Keppelites went on a journey to Phuket, Thailand, from 7 – 10 October 2010.

For many in the group, it was their first time to Phuket and a good break from the hustle and bustle of Singapore. While exploring the sights and sounds of the city, they were thrilled with the occasional finds of great bargains and sumptuous seafood.

Snorkelling was one of the key highlights of the trip. Despite the strong tides, it was an exhilarating experience and many relished the beautiful underwater sights.

At the end of the excursion, the group went home feeling invigorated from the experience. keppelite

the trek with the team and I was motivated by their encouragement.”

I t was th i s t enac ious attitude and team spirit that ensured the successful completion of the challenging trek by all participants in the end.

Keppelites enjoyed the sights and sounds of Phuket, thanks to trip organisers, KRC and KCU

empowering Lives 35


More than 500 Keppelites dressed up to the theme o f Le Masque rade a t Keppelite Recreation Club’s (KRC) Dinner and Dance on 30 October 2010.

Entertained by stage games and performances, they let their hair down and basked in a night of spontaneous fun and laughter amidst colleagues.

T h e h i g h l i g h t o f t h e even ing was the KRC Idol Search. With only s ix f ina l i s ts short l i s ted f r o m m o r e t h a n 3 0 enthusiastic participants, t h e c o m p e t i t i o n w a s tough among the songbirds

bonding over song and danceof Keppel. Judging criteria included sound quality, s t a g e p r e s e n c e a n d pitch.

Wong Mun Keong, a welder f rom Keppel Shipyard, emerged champion and took home a cash prize of $1,000.

Guess who? Keppelites donning masks at KRC’s Dinner and Dance themed Le Masquerade

For the rest, they walked away with happy memories and stronger bonds forged with their colleagues. keppelite

Every step was well worth the effort as Keppel Volunteers in the Phil ippines from Keppel Batangas Shipyard (KBS) strode alongside community members in the Alay Lakad project on 16 October 2010.

The walk-for-a-cause is an annual nation-wide event to raise scholarships funds for out-of-school youth. Donning shirts branded with the Keppel Volunteers logo, KBS employees proudly paraded along the five-kilometre route from the pier

Well worth the walkto the town’s activity area amidst encouragement from town folks along the way.

“The presence and youthful enthusiasm of the Keppel Volunteers in this year’s Alay Lakad are noteworthy. Keppel has been very supportive to the local government’s c o m m u n i t y - b a s e d initiatives,” acknowledged Hon. Ryanh M. Dolor, Bauan’s Municipal Mayor during the ceremony.

Mr Ke lv in Goh, VP of KBS, sa id, “ Instead of

just donating funds, we opted to also join this early morning walk with the other business groups, students and government employees,

to show our solidarity with the local community in providing education to school leavers.” keppelite

Keppel Volunteers walk for a worthy cause on the streets of Batangas

36 Nurturing Communities


For i t s sus ta ined and exemplary contributions, Keppel Land has been recognised as the ‘Most Admired ASEAN Enterprise’ f o r C o r p o r a t e S o c i a l R e s p o n s i b i l i t y a t t h e ASEAN Business Awards 2010.

Developer with a heart

Representing Keppel Land to receive the ‘Most Admired ASEAN Enterprise’ award in Hanoi was Mr Kevin Wong, Group CEO of Keppel Land (centre). Mr Wong was accompanied by Ms Serena Toh, Deputy GM, Investor Relations and Research, Keppel Land and Mr Choo Chin Teck, Director, Corporate Services and Company Secretary, Keppel Land

The awards ceremony, honouring companies who have contributed significantly to ASEAN’s economic growth and progress, took place in Hanoi , V ietnam, on 27 October 2010. It was organised in conjunction with the 16th ASEAN Summit,

t hemed ‘ Toward s the ASEAN Community from Vision to Action’.

Mr Kevin Wong, Group CEO of Keppel Land, said, “Keppel Land aims to achieve positive and sustainable outcomes for our business,

the environment and the community, wherever we operate, through balancing social responsibility with commercial viability.

“As a deve loper wi th landmark properties across Asia, we have a responsibility

Nurturing Communities 37


Keppel Land believes in giving back to the community

to ensure optimal live-work-play environments which contribute to improving and enriching lives and communities.”

In Singapore, Keppel Land reaches out to the less privileged through Keppel Volunteers, a Group-wide vo lun tee r p rog ramme where staff are encouraged to participate in activities organised in collaboration with their adopted charity, the Association for Persons with Special Needs.

To nurture global talents, Keppe l Land p rov ides scholarships for local students in Vietnam and India to pursue the International Baccalaureate diploma in Singapore. The company also awards the Keppel Land-BCA Built Environment Scholarship in support of tertiary-level students in Singapore who want to pursue a career in the real estate sector.

All across Asia, Keppel Land also engages communities through programmes and act iv i t ies that support the arts, education and health initiatives, as well as philanthropic movements.

Recently, Keppel Land lent a hand to help enhance the lives of people living different parts of China and also in Indonesia.

MISSION WITH A VISIONSince 2006, Spring City Golf and Lake Resort (Spring City) in Kunming, China, has supported and sponsored foreign volunteer doctors who provide healthcare services to local villagers.

F o r t h e s e c o n d y e a r running, Spring City has par tnered a g roup of Singaporean doctors and nurses on a voluntary medical mission to perform cataract surgery on villagers who cannot afford treatment or are too weak to travel to the nearest city for it.

To date, the resort has sponso red more than RMB200,000 to the cause and about 150 patients have benefited. The funds are partially raised through the organisation of charity golf events.

Last year, the Spring City also donated chairs and tables to schools located in the vicinity, as well as helped to renovate a kindergarten in a neighbouring village.

HElpING HAND TO SHANGHAI DISASTEROver in Shanghai, the fire disaster of 15 November 2010 claimed 58 victims and injured 71. The 28-storey tower which was set ablaze was reported to be home to some 440 people in 156 households.

The Shanghai ’s J ingán District has begun rendering s u p p o r t t o a f f e c t e d families, offering aid and compensation.

Empathising with the loss of the families and supporting the Jingan District in its efforts, Keppel Land has donated RMB 500,000 to the relief fund.

Keppel Land has established presence in Shanghai as a choice foreign home developer in Shanghai with

residential developments such as One Park Avenue, 8 Park Avenue and the recent ly launched The Springdale which have all been positively received.

CARING FOR CHIlDRENIn the same month, Keppel Land also contributed bags and towels to Asrama St Theresa, a boarding school run by nuns on Rempang Island, off Batam, Indonesia, in celebration of Chidlren’s Day. keppelite

38 Nurturing Communities


International delegates admired the green features thoughtfully integrated into Keppel Bay properties

Champion ing a g reen vision of living within the communities in which we operate, Keppel continues to support events and bodies that enhance the environment in which we live, work and play.

ECOlOGICAl lIVINGKeppel Land was a Platinum Sponsor of the inaugural I n t e r n a t i o n a l S k y r i s e Greenery Conference (ISGC) held at Singapore’s National Library from 1 to 3 November 2010.

Organised by the National Parks Board, the Centre for Urban Greenery and Ecology, and International Green Roof Assoc ia t ion , the Conference is a first of its kind in the Asia-Pacific region. Over 30 internationally renowned industry leaders from 10 countries shared their insights on topics related to rooftop gardens, green roofs and a growing global trend – vertical green walls.

T h e C o n f e r e n c e w a s officially opened by Senior M in i s t e r o f S ta te fo r National Development and Education, Ms Grace Fu, and was attended by some 500 delegates hailing from 28 countries.

Part of the conference programme included a technical tour of Reflections

Green supporter

at Keppel Bay, which will feature towers linked by sky bridges when completed. The sky bridges will link as many as nine rooftop gardens, allowing residents t o e n j o y s p e c t a c u l a r panoramic views amidst lush greenery.

The delegation also visited Marina at Keppel Bay, the first and only marina in Asia to be awarded the ‘Clean Marina’ status by the Marina Industries Association of Australia in 2008. The clean waters of the Marina support a thriving coral community and marine ecosystem.

ENVIRONMENTAl IDEASAlso a strong sponsor of environmentally friendly projects, Keppel Shipyard is a long-standing partner to schools, to actively engage youth and encourage them to care for the environment.

At the National Environment Agency (NEA) Clean and Green School Carniva l held on 10 – 11 November 2010, Keppel Shipyard was honoured with the Sustained Partnership Award (Gold) in recognition of its seventh continuous year of supporting Chung Cheng High school (Main) under the Corporate

& School Partnership (CASP) programme.

Students from Chung Cheng High School (Main) helped to create awareness of the school’s ecology through information panels placed around their compound, about wildlife around the school’s lake.

Keppel Shipyard is also a CASP partner of ITE College West, where the carnival was held. It was NEA’s largest clean and green carnival to date with 90 exhibitors and over 200 participating schools. keppelite

Nurturing Communities 39


volunteers


Keppel

The challenge of many graying nations is the need to increase support for their elderly, and especially to help those in their golden age lead healthy and secure lives.

Lending their hand to help maintain happy homes for the aged in Singapore were Keppel Volunteers which paired with the Moral Senior Activity Centre (Kaki Bukit) this month.

One of two Senior Activity Centres under the Chee Hoon Kog Moral Promotion Society, Moral Senior Activity Centre (Kaki Bukit) strives to offer community, social, recreational and welfare services to the elderly.

The pair ing was made possible through SG Cares, a group that encourages volunteerism by making it hassle-free and enjoyable.

On 20 November 2010, more than 20 Keppel Volunteers trooped with scrubs, pails, detergents, mops and even insecticides to begin their day of vigorous deep-cleaning at three houses in Bedok North, home to elderly folks.

It was no easy feat for the volunteers who bent their

Caring for the elderlybacks and went on their knees to tidy up the homes. Yet, they were spurred on to make clean and cozy homes of the houses for the elderly inhabitants.

In addition to making the houses spick and span, Keppel Volunteers also injected a streak of fun and entertainment. They sponsored a carom board and a bingo set that was on the Centre’s wish list.

The home maintenance programme is part of a series

of volunteer activities lined up by SG Cares in light of the United Nation’s designated International Volunteer Day (IVD) on 5 December 2010.

This special day commemorates the spirit of volunteerism and honours volunteers around the world for sharing their good deeds.

Spearheading the house-cleaning activity were Lee Shwu Huey, Chairperson of Keppel Volunteers, and Chia Wan Ting, a studying Keppel scholar.

A young girl with a big heart, Wan Ting shared, “In conjunction with IVD, we wanted to impact the lives of others by doing something meaningful, and eventually decided to volunteer for the elderly.

“Cleaning up their homes was an effective means of helping to provide the elderly folks with a cleaner and healthier environment, thus improving their living conditions.” keppelite

Lending their hand to help maintain happy homes for the aged in Singapore were Keppel Volunteers who cleaned up three houses for elderly folks

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Keppel Land has entered into joint ventures (JV) with wel l -known loca l property developers, Tien Phuoc Company Limited (T ien Phuoc) and Hung Phu Real Estate Investment Corporation (Hung Phu), to develop two prime sites in Ho Chi Minh City (HCMC), Vietnam.

The JV agreements were s igned on 28 October 2010 between Mr Kevin Wong , Group CEO o f Keppel Land, Mr Nguyen Thanh Lap, Chairman of Tien Phuoc and Mr Nguyen Anh Khiem, Chairman of Hung Phu in the presence

Growing in vietnamKeppel Land builds on its position as one of vietnam’s pioneer and leading foreign developers.

o f S i n g a p o re ’s P r i m e Minister Lee Hsien Loong a n d V i e t n a m ’s P r i m e Minister Nguyen Tan Dung a t t h e O f f i c e o f t h e Government in Hanoi.

The first agreement seals the collaboration between Keppel Land, through its wholly-owned subsidiary, Antiaris Pte. Ltd. (Antiaris), and Tien Phuoc for the development of a 13.5-ha waterfront site in HCMC. Comprising 225 villas, the gated development with 24-hour security will feature recreational facilities such as a club house, a gymnasium, a swimming pool, a tennis

court and a chi ldren’s playground.

This will be Keppel Land’s fourth partnership with Tien Phuoc. Both Antiaris and Tien Phuoc will take equal stakes in the total development cost (TDC) of about US$115 million.

The second agreement between Keppel Land, through Belwynn Pte. Ltd. (Belwynn), and Hung Phu is for the development of a 9.8-ha site into a gated villa development along Rach Chiec River. The proposed development, located just 500 m from Riviera Cove, Keppel

Witnessed by Singapore’s Prime Minister Lee Hsien Loong (back row, fourth from left) and Vietnam’s Prime Minister Nguyen Tan Dung (back row, fifth from left), Mr Kevin Wong, Group CEO of Keppel Land inks the JV agreement with Mr Nguyen Ank Khiem, Chairman of Hung Phu

Land’s second deluxe gated villa development in HCMC, is envisioned to provide about 150 premier homes. Under the arrangement, Belwynn will take up a 60% stake in the US$65 million TDC while Hung Phu will subscribe for the remaining interest. This is Keppel Land’s second collaboration with Hung Phu.

Upon the issuance of the investment cert i f icates and relevant government a p p ro v a l s , b o t h v i l l a developments are expected to launch their first phases in the fourth quarter of 2011. keppelite

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