tackling urban challenges - keppel land china · 2014-07-01 · team work between our companies,...

Tackling urban challenges

MCI (P) 153/01/2014

June 2014www.kepcorp.com/ekeppelite

Patriot for the

North Sea 4

Passion. Pride.

Prudence. 20

Growing and

glowing 26

Keppelite I June 2014

13

Contents

CO REG NO: 196800351N

26

Cover image: Mr Lee Hsien Loong (second from right), Prime Minister of Singapore, visits Keppel Seghers’ booth at WasteMET Asia during CleanEnviro Summit Singapore 2014. Briefing him are Mr Loh Chin Hua (extreme left), CEO of Keppel Corporation, Dr Lee Boon Yang (second from left), Chairman of Keppel Corporation and Dr Ong Tiong Guan (extreme right), CEO of Keppel Infrastructure. With its strong track record in contributing to sustainable development through its property and infrastructure divisions, Keppel was a key partner in the event

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

EditorLiang Hui Hui

Editorial CommitteeAng Lai Lee, Candice Low, Carol Huang, Cheryl Goh, Chew Chong Peng, Dale Lai, Donald Sng, Eileen Tan, Elizabeth Widjaja, Eva Ho, Frances Teh, Grace Chia, Hayley Teo, Hoo Yao Lin, Ian Long, Ivana Chua, Jayne Yeo, Kevin Ho, Lee Chin Siang, Lee Wan Jun, Maria Kozhanova, Mia Liu, Priscilla Chong, Razali Maulod, Roy Tan, Sam Neo, Say Huan Yuan, Serena Toh, Sue Ann Huang, Teri Liew, Tracy Pham, Woon Pek Yong, Yolanda Guo, Yu Zehan

SUSTAINING GROWTHPatriot for the North Sea 4

Advancing safety knowledge 5

Sustainable cities take centrestage 6

Gateway to North China 11

International showcase 12

Investor interactions 13

Enduring ties 14

Caspian connections

Candid exchange 15

Expanding network in Vietnam 16

Green impact

Myanmar calling 17

Sterling endeavour 18

Building ties

Key appointments 19

SPeCIAl FOCUSPassion. Pride. Prudence. 20

Dedicated service 24

Spurring InnovationsPrime solution 25

eMPOWeRING lIVeSGrowing and glowing 26

Annual convention 28

35 creditable years 30

Fellow-ship

Model trainee 31

Uber ubinites 32

Keppelites AbroadActive assimilation 33

Recreational retreats 34

Superheroes at work

Food for kinship 35

NURTURING COMMUNITIeSGreening the red dot 36

Giving back in Baku 37

Inspiring young minds

Bossa flora 38

Mane event 2

Keppel VolunteersStriking home 39

BACK PAGeKeppel Land and Alpha divest interests in 40 Equity Plaza

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editorial


Fielding technology for the goal

As I watched Robin van Persie score his goal for the Netherlands against Spain in the group-stage match at World Cup 2014 with his now-famous diving header, it struck me just what a marvellous ecosystem of people and technology has grown around this age-old game requiring simply a ball and a patch of dirt to play.

Sitting comfortably in my living room some 10,000 miles away from the action in Brazil, I could watch the “Flying Dutchman” mere seconds after his feat, in high definition, and from no less than three beautifully-shot angles. The technologies involved, from the high performance video cameras to space satellites and underwater cables for transmission, are mind boggling.

Technology is taking centrestage in World Cup 2014.

We saw revolutionary technology – the German-produced goal-line technology used for the first time in World Cup involves 14 high-speed cameras placed around each field to track the position of the ball in relation to the goal-line plane to within a couple of centimetres. With each camera capable of taking 500 pictures per second, the system can process the images, filter out the players and referee, determine whether a goal has been scored, and transmit this result instantly to a wristwatch worn by the referee, who then makes his final call. The margins of error for these calls have markedly shrunk with this technology.

We saw incremental technology advancements. The humble football, which probably started off as an air-filled animal skin bag, saw its latest incarnation as Brazuca, a ball designed for the event and tested over two and a half years,

with the integration of material, symmetry and surface dimples to provide improved grip and aerodynamics on the pitch.

We saw innovative use of technology that is not necessarily sophisticated. The vanishing spray – essentially a shaving foam-like substance which disappears after minutes – was used by referees to mark the line for the defensive human wall to prevent it from creeping forward during free kicks.

We saw inspirational technology. The first kick of World Cup Brazil was made by a paraplegic in a robotic exoskeleton which was controlled by his brain signals transmitted through the electrodes on his cap. It was a gentle kick by physical measures, one that even the lead scientist of the project did not guarantee up to the event. But it provided strong inspiration to people out there to dream up more technologies to power the lives of others.

In Keppel, leveraging and advancing technology is and will continue to be the mainstay. From small-scale innovative enhancements to a sandblasting process (see page 25) to advanced integrated waste management solutions showcased at the CleanEnviro Summit Singapore (see page 6) and our proven technologies for the offshore and marine sector featured at various exhibitions (see pages 12 and 14), to the lofty and inspirational goals that are taking shape at the Sino-Singapore Tianjin Eco-City (see article on World Cities Summit on page 9), we can be proud of our contributions to the technology eco-system of Singapore and the world.

4 Sustaining Growth


4 Sustaining Growth

Patriot for the north SeaKeppel FeLS reinforces its reputation for excellent execution and customer focus with the successful rejuvenation of semisubmersible drilling rig Ocean Patriot.

At 31 years of age, Ocean Patriot could have been retired. However, after a year of rejuvenation at Keppel FELS’ yard, the mammoth semisubmersible drilling rig is given a new lease of life, headed no less than for the harsh environment of the North Sea.

The rig had been undergoing refurbishment and upgrading works since June 2013 and was recently redelivered by Keppel FELS to Diamond Offshore. Underscoring

Keppel’s emphasis on safety, the project achieved more than 1.6 million man-hours without lost-time incident. A ceremony to mark the safe completion was held on 9 June 2014, where Diamond Offshore expressed its appreciation for Keppel’s safe and reliable delivery of Ocean Patriot.

Mr Anant Shukla, Keppel FELS’ Senior Project Manager said, “This was a challenging project given the age of Ocean Patr iot and the

requirements needed for work in the North Sea.

“ O u r e x p e r i e n c e o f constructing rigs suited for North Sea conditions and our understanding of Diamond Offshore’s requirements from past projects enabled us to anticipate their needs and deliver it to their highest satisfaction.

“This success was possible d u e t o t h e e x c e l l e n t team work between our companies, exemplary efforts

and hard work throughout the duration of the project.”

Work on the rig included the fabrication and installation of four 24-foot diameter s tab i l i t y co lumns and new lower hull inboard pontoon sponsons, as well as upgrading of the living quarters and the critical electrical and safety systems. Following delivery, the rig will be chartered to Shell for work at the Fram field in the UK sector of the North Sea. keppelite

Senior management and project teams from Keppel and Diamond Offshore celebrating the successful delivery of Ocean Patriot


Sustaining Growth 5

Advancing safety knowledge

Undergirding its commitment to creating a safe workplace, Keppel Offshore & Marine (Keppel O&M)’s business units continue to create and tap on opportunities for the inculcation and exchange of good safety practices.

FIRST TRAINING CeNTRe IN NANTONGOn 9 June 2014, Keppel Nantong became the first shipyard in Nantong, China, to set up a training centre that focuses on safety.

The safety training centre was opened by Mr Loh Chin Hua, CEO of Keppel Corporation, at a ceremony attended by clients, contractors, and government officials from

Nantong Safety Supervision Bureau, Nantong Gangzha District Government and Nantong Gangzha Economy Development Zone.

Located within the shipyard, the training centre wil l provide safety induction courses to all yard workers, including those employed by Keppel’s subcontractors. The classes will cover knowledge of safety in specific work conditions, such as working at heights and in confined spaces.

Apart from safety trainings, the centre will also provide classes on functional skills, such as welding and Basic English.

The opening of the training centre also kickstarted a month-long safety campaign at the shipyard.

leARNING exCHANGeAccording to Association of Singapore Marine Industries (ASMI), being struck by falling objects is statistically the second most common cause of workplace fatalities in Singapore.

To better mitigate such potential hazards, various indust ry p layers came together to share best safety practices at “Dropped Objects Prevention Scheme” (DROPS) Forum co-sponsored by Keppel O&M on 22 May 2014, and the “Managing

Workp lace Safety and Health in Marine Industry” seminar organised by ASMI on 20 May 2014. Speakers from Keppel FELS shared their knowledge at both events.

M r Yo n g C h e e M i n , Director (Health, Safety and Environment & Special Projects) of Keppel O&M remarked, “It is imperative to raise awareness on the prevent ion of dropped objects in the offshore and marine industry, where risks are high if comprehensive preventive measures are not in place. These forums aim to review and enhance the industry’s work processes.” keppelite

Keppel Nantong is the first shipyard in Nantong, China, to set up a training centre with a focus on safety. Mr Loh Chin Hua (centre, in light blue shirt), CEO of Keppel Corporation and Mr Tan Puay Chiang (centre, in dark blue shirt), Board Director of Keppel Corporation attended its inauguration

6 Sustaining Growth


Sustainable cities take centrestageSingapore, renowned for its success as a highly urbanised city that has given priority to sustainable development way ahead of its time, hosted a confluence of three major conventions – the World Cities Summit, Singapore International Water Week and Cleanenviro Summit Singapore. Keppel, with its strong track record in contributing to sustainable development through its property and infrastructure divisions, was a key partner for all three events, in its capacity as a sponsor as well as a participant.

Recent history has shown that urbanisation is proceeding at an unprecedented scale around the world. According to research, by the middle of the century, 70% of the global population will live in cities. Although cities will be the engines of economic growth, they wi l l a lso present many challenges that are associated alongside urbanisation, industrialisation and economic development.

While many have identified c i t i e s a s con t r ibu to r s to climate change, cities are simultaneously also pioneering solutions to some of these issues.

Against this backdrop, global leaders, mayors, and industry experts in sustainable urban development shared and exchanged the i r ideas during the World Cities Summit (WCS), Singapore International Water Week (SIWW) and CleanEnviro Summit Singapore (CESS) which were held on 1 to 5 June 2014.

Officiated by Mr Lee Hsien Loong, Prime Minister of Singapore, the summits prov ided internat iona l

PM Lee Hsien Loong (second from right) visits Keppel Seghers’ booth at WasteMET Asia during CleanEnviro Summit Singapore 2014. Briefing him are Mr Loh Chin Hua, CEO of Keppel Corporation (extreme left), Dr Lee Boon Yang, Chairman of Keppel Corporation (second from left) and Dr Ong Tiong Guan, CEO of Keppel Infrastructure (extreme right)


Sustaining Growth 7

t h o u g h t l e a d e r s a n d practitioners of sustainability an integrated global platform for government and industry leaders to share solutions fo r sus ta inab le u rban development and the latest innovations in water and clean environment solutions.

This year, the three co-located events saw a record participation of more than 20,000 participants from 118 countries including ministers, mayors, government officials, industry leaders, academics and representatives from international organisations.

T h e 1 3 0 m a yo r s a n d c i t y l eaders , together with representatives of international organisations, researchers and urban p l a n n e r s d i s c u s s e d strategies to address urban sustainability challenges and

develop solutions, forging a stronger collective resolve to develop liveable, more resilient and attractive cities for urban residents around the world.

Keppel Corporation and Keppel Seghers, the waste-to-energy arm of Keppel Infrastructure, as sponsors of these events, participated actively in the many tracks of the three events.

Keppel Corporation also supported SIWW’s launch of #SIWWPledge, a corporate social responsibility initiative that harnesses the power of social media to rally the global water community and raise awareness of pressing water challenges.

SUzHOU SHARINGOn sidelines of the World City Summit, Mr Zhou Naixiang,

Showing their support for #SIWWPledge, an innovative corporate social responsibility campaign to rally the global community towards the water cause are (from left) Mr Lee Yi Shyan, Senior Minister of State for Trade and Industry and National Development, Ms Grace Fu, Minister, Prime Minister’s Office, Second Minister for the Environment and Water Resources and Second Minister for Foreign Affairs; Mr Chew Men Leong, Chief Executive of PUB; Mr Lee Hsien Loong, Prime Minister of Singapore; Dr Lee Boon Yang, Chairman of Keppel Corporation; Dr Vivian Balakrishnan, Minister for the Environment and Water Resources; and Mr Khaw Boon Wan, Minister for National Development

Mayor of Suzhou Municipal government ca l led on Dr Lee Boon Yang, Chairman of Keppel Corporation on 2 June 2014.

Joining Dr Lee at the courtesy call were Mr Loh Chin Hua, CEO of Keppel Corporation, Mr Teo Soon Hoe, Senior Advisor to the Boards of Keppel Land and Keppel Te lecommunicat ions & Transportation, Mr Ang Wee Gee, CEO of Keppel Land and Mr Goh Toh Sim, Chief Representative (China) of Keppel Corporation.

D r L e e e x t e n d e d h i s congratulations to Suzhou on being awarded the Lee Kuan Yew World City Prize 2014 and commended Suzhou gove r nmen t ’s efforts in transforming and urbanising the city while upholding its rich culture

and her i tage. Lauding Suzhou for taking a holistic approach, Dr Lee noted that the city has achieved the triple goals of economic growth, social progress as well as the preservation of its significant historical heritage.

Mayor Zhou thanked Dr Lee for his well wishes as well as Keppel’s contribution to Suzhou’s urbanisation through its involvement in the Sino-Singapore Suzhou Industrial Park. He also shared about the city’s latest development and invited Keppel’s senior management to v is i t Suzhou in the future to explore potential collaborations.

Keppel’s ties with Suzhou date back to the ear ly

Continues on page 8...

8 Sustaining Growth


Champion of sustainability

...continued from page 7.

President Tony Tan (second from left) presents the Lee Kuan Yew World City Prize to Mr Zhou Naixiang, Mayor of Suzhou (second from right), for Suzhou’s demonstration of sound planning principles and exceptional urban management. The presentation was witnessed by Dr Lee Boon Yang, Chairman of Keppel Corporation (extreme left) and Mr Loh Chin Hua, CEO of Keppel Corporation (extreme right). Keppel has committed a total of $3.5 million to sponsor the prize from its inauguration in 2010 through to 2028

The biennial Lee Kuan Yew World City Prize is an international award e s t a b l i s h e d b y t h e Singapore government to honour outstanding a c h i e v e m e n t s a n d contributions that lead to the creation of livable, vibrant and sustainable urban communities around the world.

In support of Singapore’s e f f o r t s t o p ro m o t e e x emp l a r y t hou gh t -leadership and exchange of ideas among cities,

Keppel Corporation has been the sole sponsor of the Lee Kuan Yew World City Prize since its inauguration in 2010. The award comprises an award cert if icate, a gold medallion and a cash prize of $300,000. Keppel Corporation extended its sponsorship of the prize earlier this year, bringing its total commitment to $3.5 million, which will support the prize up till 2028.

This year, the Lee Kuan Yew World City Prize went to Suzhou, the third such

winner following the cities of Bilbao in Spain and New York in the United States.

Suzhou mayor Zhou Naixiang received the prize from the Singapore President, Mr Tony Tan Keng Yam, at the award ceremony.

In his acceptance speech, Mr Zhou said that the award is the best affirmation of the efforts made by the people of Suzhou in striving for excellence in urban planning and development. Mr Zhou also said the award is not

only a strong message of encouragement but also a timely reminder of the work that still needs to be done.

Congratulating Suzhou on winning the award, P r i m e M i n i s t e r L e e Hsien Loong noted that Suzhou has achieved its remarkable economic prosperity on the basis of great achievements made by Suzhou Industrial Park, while managing to preserve its iconic cultural and historic heritage.


Sustaining Growth 9

1990s when Keppel led the Singapore consortium in the initial development phase of the Sino-Singapore Suzhou Industr ial Park, the first bilateral project between the governments of Singapore and China.

exCHANGe OF VIeWPOINTSSpeaking at the World Cit ies Summit In-Focus Forum on Latin America, Mr Choo Chiau Beng, Senior Advisor of Keppel C o r p o r a t i o n , s h a r e d s a l i e n t l e s s o n s f r o m Singapore’s urbanisation journey that hold relevance for Latin American cities today.

Chaired by Mr José Carrera, Vice President of CAF Latin American Development Bank, the forum featured municipal leaders from Fortaleza (Brazil), Zapopán (Mexico) and Medel l ín (Colombia), which was accorded a Lee Kuan Yew World City Pr ize 2014 Special Mention.

In response to the sharing by the municipal leaders on projects and policies being implemented to reduce income inequal i ty and advance the competitiveness of their cities, Mr Choo, Singapore’s Non-Resident Ambassador to Braz i l , offered insights from his first-hand experiences of Singapore’s transformation and working with Latin America.

Noting that Singapore had to overcome unemployment, under-education and poor housing when it gained independence in 1965, Mr Choo said, “Leaders must galvanise their people to have a shared vision. They must then take an i n t e g r a t e d a p p ro a c h , tackling immediate issues while formulating master plans for the future.”

Observing how many issues faced in Singapore today are markedly distinct from 50 years ago, Mr Choo noted that urbanisation is a continuous challenge. “As a city grows and develops, you have to continually innovate new solutions to new problems – it is a non-stop journey.”

Separately, Mr Ho Tong Yen, CEO of Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd.

Mr Choo Chiau Beng (extreme right), Senior Advisor of Keppel Corporation and Singapore’s Non-Resident Ambassador to Brazil, shared insights on urbanisation at a World Cities Summit In-Focus Forum with (from L-R) Mr João Salmito, Secretary for Tourism, Fortaleza, Brazil; Mr Ian Paul Otero Vázquez, Director General of Economic & Tourism Promotion, Zapopán, Mexico; and Mr Jorge Perez Jaramillo, Planning Director, Medellín, Colombia

(SSTEC), was one of the speakers at the WCS China In-Focus Forum. Noting that the Tianjin Eco-City is now home to over 10,000 residents and more than 1,000 foreign and Chinese companies, Mr Ho said that the Tianjin Eco-City was making good progress. He gave an overview of the Tianjin Eco-City, elaborating on its eco-principles and future development plans. Mr Ho also shared with the audience the issues and challenges involved in the development of an eco-city.

Mr Loh Ah Tuan, Consultant to Keppel Seghers, was also one of the speakers at SIWW China Business Forum. Speaking against a backdrop of the many water challenges that are facing China, Mr Loh shared Keppel’s experiences in addressing these needs.

SUSTAINABIlITy SHOWCASeSAs a leading player in environmental technology and services addressing environmental issues in solid waste and wastewater, Keppel Seghers showcased its global waste-to-energy and wastewater projects and technology and solutions which enabled many cities to effectively address their environmental challenges.

Minister for the Environment and Water Resources , Dr Vivian Balakrishnan visited Keppel Seghers’ booth, where he was briefed on the progress and status of its global projects.

SSTEC also participated in the WCS and showcased the Sino-Singapore Tianjin Eco-City (Tianjin Eco-City),


10 Sustaining Growth


the landmark b i latera l project between Singapore and China.

In line with the Summit’s theme to explore green initiatives and sustainable solutions to tackle urban challenges for more liveable and sustainable cities of the future, SSTEC showcased how a former wasteland has been transformed into a thriving eco-city that is now home to over 10,000 residents.

In addition, it featured the latest developments in Tianjin Eco-City, including i t s e co - so l u t i on s and technologies and the many business and investment opportunities available for companies. Visitors also got a glimpse into how people live, work, play and learn in Tianjin Eco-City.

SSTEC, a 50-50 joint venture fo rmed by Keppe l - l ed Singapore consortium and the Chinese consortium, is the master developer for the Tianjin Eco-City project. keppelite


Minister for the Environment and Water Resources, Dr Vivian Balakrishnan (left) was updated on the progress of Keppel’s Energy-from-Waste project in Greater Manchester, United Kingdom

SSTEC showcased how a former wasteland has been transformed into a thriving eco-city (Photo courtesy of SSTEC)


Sustaining Growth 11

“ O p p o r t u n i t i e s f o r Singaporean companies in the Tianjin Eco-City are rising as China’s first and largest Eco-City matures and expands its development beyond the Start-up Area.” This was the key message from Mr Ho Tong Yen, CEO of the Sino-Singapore Tianjin Eco-City Investment and Development Co. , Ltd (SSTEC), the master developer of the Sino-Singapore T ianj in Eco-City (T ianj in Eco-City) , a t a T i an j i n E co -C i t y Investment Seminar on 21 May 2014. The seminar was organised by SSTEC and the Sino-Singapore Tianjin Eco-City Administrative Committee (ECAC), the

Gateway to north China

local government in-charge of the Tianjin Eco-City. Attending the event were some 120 participants from Singaporean companies.

D u r i n g t h e h a l f - d a y event, SSTEC signed lease agreements with three Singaporean companies – Dr LED Pte Ltd, HTWO Investment Holdings Pte Ltd and NanoRad Pte Ltd, which will set up offices in the Eco-Business Park. They will join over 1,000 foreign and Chinese companies already registered in the T ian j in Eco-C i t y, w i th total registered capital of RMB 80 bi l l ion. The Gross Domestic Product of Tianjin Binhai New Area

exceeded US$130 billion and recorded a growth of 17.5% last year. The Keppel Group was ent rus ted to lead the Singapore consortium for the Tianjin Eco-City, and works closely with its Chinese consortium partner to guide the 50-50 joint venture, SSTEC.

FRIeNdS FROM TIANjINThe Keppel Group took the opportunity to strengthen ties with Tianjin officials when a delegation from ECAC visited Singapore recently.

On 3 June 2014, Dr Lee Boon Yang, Cha i rman of Keppel Corporation, Mr Loh Chin Hua, CEO

of Keppel Corporation, Mr Teo Soon Hoe, Senior Advisor to the boards of Keppel Land and Keppel Telecommunications and Transportation (Keppel T&T) and senior management from across the Group hosted a dinner for an ECAC de legat ion. The delegat ion was led by Mr Xu Datong, Chairman of ECAC.

Dur ing the i r t r ip , the delegates visited Ocean Financial Centre where they were briefed on the building’s history and the key features of its green wall, which was conferred the Guinness World Record for the Largest Vertical Garden last year. keppelite

Dr Lee Boon Yang (second from left), Chairman of Keppel Corporation; Mr Loh Chin Hua (extreme left), CEO of Keppel Corporation; Mr Teo Soon Hoe (extreme right), Senior Advisor to the boards of Keppel Land and Keppel T&T; and senior management from across the Group hosted a dinner for ECAC Chairman Mr Xu Datong (second from right) and his delegation on 3 June 2014



Keppel Offshore & Marine (Keppel O&M) continues to engage and reinforce its ties in the international offshore and marine industry through events in May and June.

OFFSHORe MARINe FORUMKeppel O&M was a platinum sponsor of the Offshore M a r i n e F o r u m 2 0 1 4 , a platform that brought together marine industry players for exchanges on offshore support services and solutions. The forum was held at Marina Bay Sands Expo and Convention Centre from 28-29 May 2014.

Over two days, delegates from various shipbuilders, o f f s h o re e n g i n e e r i n g companies and serv ice providers in the offshore marine sector engaged in robust discussions on issues ranging from Asia’s energy demand to technological b r e a k t h r o u g h s a n d challenges.

Mr Hoe Eng Hock, MD of Keppel Singmarine, was one of the presenters and panelists at the forum. He shared on the specialised shipbuilding capabilities of Keppel Singmarine, as well as the challenges of designing and constructing pipelay vessels and special ised subsea construction vessels.

POSIdONIAOver at Athens, Greece,

International showcase

Keppel O&M participated in Posidonia 2014, a biannual in ternat iona l sh ipp ing exhibition from 2-6 June 2014 which drew more than 1,850 exhibitors from 93 countries.

Represented by its business units inc luding Keppel

Mr Hoe Eng Hock, MD of Keppel Singmarine, shared his views at the Offshore Marine Forum 2014

Shipyard, Keppel Verolme, Nakilat-Keppel Offshore & Marine and Blue Ocean Solutions, Keppel O&M joined eight other Singaporean companies at the Singapore Pavilion, which was graced by Senior Minister of State for Transport and Finance Mrs Josephine Teo.

Apart from showcasing its wide array of marine solutions, ranging from ship repair and conversion to emulsified fuel technology, Keppel O&M also took the opportunity to strengthen its ties with the global shipping and marine community. keppelite

Mr Chor How Jat (centre), MD of Keppel Shipyard, sharing Keppel’s marine solutions with Mrs Josephine Teo (left), Senior Minister of State for Transport and Finance, and Mr Andrew Tan (right), Chief Executive of Maritime and Port Authority of Singapore at Keppel O&M’s booth at Posidonia 2014



Investor interactionsThe Keppel Group hosted over 40 institutional investors at its shipyard and Waste-to-energy (WTe) plant in Singapore over the past two months, as part of continuous efforts to engage the international investment community.

On 22 May and 6 June 2014 respectively, Keppel Offshore & Marine (Keppel O&M) hosted visits to its yard in Singapore as fringe events of Deutsche Bank’s and Nomura’s conferences.

These investors , many of whom were vis i t ing Keppel’s yard for the first time, sought insights into the rigbuilding industry as well as understanding of how Keppel O&M is fending off keen competition from Chinese and Korean shipyards.

M r Wo n g N g i a m J i h , CFO of Keppel O&M was at hand to address the investors’ questions and concerns.

Mr Nitin Kumar, Nomura’s E xecu t i v e D i re c to r o f Equity Research said, “The investors witnessed first-hand what makes the leading offshore group in the world tick despite the progressive tightening of the foreign worker quota in Singapore.

“The emphasis on safety and productivity also came through during the yard tour and was well-received by the investors.”

M e a n w h i l e , K e p p e l ’s infrastructure division was also the interest of the international investment community. On 22 May 2014, Keppel Infrastructure Fund Management (KIFM), Trustee-Manager of Keppel Infrastructure Trust (KIT) hosted a tour of its Keppel Seghers Tuas WTE plant for a group of Deutsche Bank conference participants.

The hosts f rom K IFM, inc lud ing cur rent -CEO Mr Khor Un-Hun, former-CEO Mr Thomas Pang and CFO Mr Lionel Chua, interacted with the visitors, discussing KIT’s strategies and industry outlook.

Mr Wong Kai-Ting, Deutsche Bank’s Vice President of Reg iona l Ut i l i t i e s and Alternative Energy Research

s a i d , “ T h e i n v e s t o r s w e re a p p re c i a t i v e o f management’s sharing on Keppel’s role in Singapore’s environmental and energy sector, as wel l as the potential areas of growth following the Trust’s recent expansion of investment mandate.” keppelite

Global fund managers saw first-hand how Keppel maximises its valuable yard facilities in Singapore to enhance value for shareholders



The friendship between Keppel Group and China’s Yunnan Province began over 20 years ago, when Keppel ventured into the province through its Spring City Golf and Lake Resort (Spring City) project. Today, Spring City is one of the most celebrated golf ing dest inat ions in the country.

During a recent trip to attend the 2nd China-South Asia Exposit ion in Kunming, Yunnan Province, Chairman of Keppel Corporation Dr Lee Boon Yang called on Yunnan Governor Mr Li Jiheng on 7 June 2014. Dr Lee was accompanied by Mr Teo Soon

enduring tiesHoe, Senior Advisor to the boards of Keppel Land and Keppel Telecommunications & Transportation.

D u r i n g t h e m e e t i n g , Governor Li shared that the province is actively promoting collaborations with neighbouring countries in Southeast Asia and South Asia. He expressed hope that Keppel will continue to participate in Yunnan’s development.

In his response, Dr Lee t h a n k e d t h e Yu n n a n government for the long-standing support shown to the Group. He also

added that Keppel holds a long-term view towards its investments in Yunnan and

Caspian connections

remains vested in Yunnan’s growth and a win-win outcome. keppelite

Keppel Corporation Chairman Dr Lee Boon Yang (left) called on Yunnan Governor Mr Li Jiheng (right) during a recent trip to Kunming

Keppel Offshore & Marine (Keppel O&M) joined more than 400 companies from 2 9 c o u n t r i e s i n t h e participation of the 21st International Caspian Oil and Gas Exhibition, held from 3-6 June 2014 at the Baku Expo Center.

In recognition of Keppel O&M’s presence in the region with its two yards in Baku – Caspian Shipyard Company (CSC) and Baku Shipyard, President of Azerbaijan, H.E. Mr Ilham Aliyev visited the booth. keppelite

Distinguished guests at the Keppel booth (from left to right): Ambassador of India to Azerbaijan, H.E. Mr B. M. Vinod Kumar; President of Azerbaijan, H.E. Mr Ilham Aliyev; President of CSC, Mr Chandru Rajwani; Ambassador of Indonesia to Azerbaijan, H.E. Mr Prayono Atiyanto



Candid exchangeKeppel Telecommunications & Transportation’s (Keppel T&T) new leadership charts the course forward.

Following Mr Teo Soon Hoe’s retirement on 1 June 2014, Mr Loh Chin Hua, CEO of Keppel Corporation has succeeded him as Chairman of Keppel T&T. Concurrently, Mr Chan Hon Chew, CFO of Keppel Corporation, was appointed as director to the board of Keppel T&T. Mr Teo will continue providing his counsel to the Keppel T&T board as its Senior Advisor.

Keppel T&T convened a t ownha l l mee t i ng on 17 June 2014, where staff got acquainted with the new leadership, including Mr Loh and Mr Thomas Pang, CEO-designate of Keppel T&T. There was a lively and candid exchange of views.

At the session, Mr Loh reflected on Keppel T&T’s achievements over the years, becoming a major player in third-party logistics and data centre sectors.

Thanking Mr Teo Soon Hoe as well as Mr Pang Hee Hon who will relinquish his position as CEO of Keppel T&T on 1 July 2014, Mr Loh highlighted the priorities for the company moving ahead.

In his letter to all Keppel T&T staff, Mr Loh said, “For a company to continue being successful, it must have the ambition to be the top in its field, and the clarity of focus to guide its course. It must have a

deeply-rooted culture of excellence in execution, yet at the same time be prudent and d i sc ip l ined in the resources that it deploys. It must constantly adapt to the environment, innovate for breakthroughs, and be nimble and courageous in taking calculated risks. At the heart of all these are its people, steeped in the company’s core values and constantly nurtured to bring out their very best.”

Mr Thomas Pang also added that the process of grooming capable successors should be a priority for himself as well as the senior management in the company. Only by constantly seeking out and

developing talent would the company be able to continue to thrive.

The townhall meeting was attended by key personnel from Keppel T&T’s operations around the world, including Singapore, China, Vietnam, Indones ia, I re land and Australia. keppelite

The dialogue was robust at the townhall meeting, where Keppel T&T staff and the new leadership team shared perspectives



On 30 May 2014, Keppel Logist ics’ joint venture company in Vietnam, Indo-Trans Keppel Logis t ics V i e tnam ( I TKL ) b roke ground for a new 11,000 sm

expanding network in Vietnamdistribution centre located in Vietnam-Singapore Industrial Park 1 (VSIP 1) in Vietnam’s Binh Duong province.

When completed later this

year, the facility will be one of the highest quality third-party logistics (3PL) warehouses in Vietnam, enabling ITKL to better serve its clients such as Nestlé,

Colgate-Palmolive and Sony among others.

“V i e tnam’s l ong - te rm growth story remains a compelling one for multi-national companies looking to tap on the growing urban population and rising demand for nutritional and consumer products. The development of this new modern facility positions us to meet the growing demand for higher food safety, hygiene storage standards, and customised end-to-end logistics services in the count ry” , sa id Mr Nelson Wu Di, General Manager at ITKL. keppeliteITKL’s new warehouse, which broke ground on 30 May 2014, will add to Keppel Logistics’ distribution network in Vietnam

Keppel Land has again been l isted among BCI Asia Top 10 Developers in Singapore and Vietnam in 2014.

The awards recognise top architectural f i rms and developers that have made the greatest impacts in the Southeast Asian building and construction industry.

A r c h i t e c t u r a l a n d development firms with the greatest aggregate value of projects under construction during the last full calendar

Green impactyear, weighted by the extent of their sustainability efforts, would be conferred these awards.

For its proactive approach towards environmental protection, Keppel Land was also awarded the highest honour of BCA Green Mark Champion by the Building and Construction Authority (BCA) of Singapore in May 2014. keppelite

Keppel Land, listed among BCI Asia Top 10 Developers in Singapore, is currently developing The Glades condominium, which received the BCA Green Mark GoldPLUS award



With the opening up of Myanmar in recent years, there has been a surge of foreign direct investments into the country. Keppel Land, through i ts two hospitality developments Sedona Hotel Yangon and Sedona Hotel Mandalay, continues its expansion and refurbishment efforts to keep ahead of the demands of Myanmar’s burgeoning travel and leisure industry.

Popu l a r r ad io j o ckey, M a d d y B a r b e r, f r o m Singapore radio station Kiss92 FM visited Yangon and Mandalay for the first t ime in May 2014 and stayed at the two hotels. She commended the hotels for customer service with a personal touch.

She shared one of her experiences at the hotels, “One day, we were craving for the famous ‘Sein Ta Lone’ mangoes, and mentioned it in passing to our driver (arranged by the hotel) while we were out. That evening, one of the hotel’s staff came by and brought us a plate of beautifully-cut mangoes which I greedily wolfed down within seconds!

“It later occurred to me that our driver Tony must have told the hotel staff to get the mangoes for me. That was indeed an exemplary case of going the extra mile.”

Myanmar callingApart from developing its team of customer-oriented staff, Sedona Hotel Yangon had started refurbishing its rooms since late 2013 to better meet the needs of travellers and guests. Sedona Hotel Yangon’s dining, entertainment areas as well as common areas within the hotel will also be refurbished progressively.

As a t end-May 2014, r e f u r b i s h m e n t w o r k s to the 366 rooms at the existing wing of Sedona Hotel Yangon have been completed. Guests can also look forward to better in-room entertainment with the installation of 42-inch LCD televisions and high-speed internet connectivity.

At the same time, the hotel’s new 29-storey tower wing is in progress. When completed in 2016, it will add another 420 rooms, bringing the hotel’s total capacity to 786 rooms.

At Sedona Hotel Mandalay, the number of visitors is also expected to rise with Silk Air launching flights thrice a week to Mandalay from 10 June 2014.

The hotel is ramping up efforts to welcome these visitors by refurbishing its premises, including selected re s t a u r a n t s , c o m m o n areas and rooms which are

targeted for completion in August 2014. Guests can look forward to additions

in the tenant mix as well as exciting promotions and perks. keppelite

Sedona Hotel Mandalay is refurbishing its premises, including its rooms, to welcome the growing number of visitors

Sedona Hotel Yangon is well-poised to welcome the influx of tourists into Myanmar with the addition of a new tower wing comprising 420 rooms by 2016



With its strong track record in delivering customised and cost-effective solutions to the North Sea and the “Go lden Tr i ang le” o f offshore oil production,

Building tieswhich includes West Africa, Keppel Offshore & Marine (Keppel O&M) continues to draw the interest of bankers and journalists who hail from those regions.

The Keppel team hosted Norwegian guests at a yard visit organised for SpareBank 1 SR-Bank

On 27 May 2014, board members and executive management of SpareBank 1 SR-Bank, one of Norway’s largest financial groups, learnt about Keppel O&M’s track

record and its Norwegian customers at a yard visit hosted by CFO of Keppel O&M Mr Wong Ngiam Jih, and GM of Finance at Keppel O&M Mr Edmund Mah.

On 5 June 2014, a group of editors and wri ters from Africa’s top business publications was hosted by Mr Michael Chia, MD (Marine & Technology) of Keppel O&M as part of the African Journalists Visit Programme. The journalists shared that they were impressed by Keppel O&M’s global network of 20 yards and 40% share of the jackup market. keppelite

Underscoring its commitment to safety, Keppel Shipyard celebrated the achievement of one million safe man-hours without lost-time incidents for its conversion project, Floating Production Storage and Offloading (FPSO) Armada Sterling II in May 2014.

The yard’s work scope for the project includes refurbishment and l i fe extension works, upgrading of living quarters, fabrication and installation of an internal turret mooring system as well as the instal lation

Sterling endeavour

and integration of topside process modules.

When completed, FPSO

Armada Sterling II will be deployed in the Cluster 7 Field in India. keppelite

Keppel Shipyard was presented with a cheque of $15,000 by SP Armada Oil Exploration for FPSO Armada Sterling II project’s achievement of one million safe man-hours without lost-time incidents



Keppel Offshore & Marine (Keppel O&M) continues to bolster its bench strength with key appointments o f exper ienced sen ior management personnel.

yONG CHee MINM r Yo n g C h e e M i n ’s appointment as Director of Health, Safety & Environment (HSE) and Special Projects, Keppel O&M, took effect on 1 May 2014. Prior to this appointment, he served as GM (Projects and HSE).

Mr Yong has previously held various senior management positions across Keppel Group in Singapore and overseas.

Mr Yong was instrumental to the start-up of Nakilat-Keppel Offshore & Marine (N-KOM), serving as its CEO from 2008 to 2010. He was Deputy CEO of Keppel FELS Brasil from 2004 to

Key appointments

2006, ED of Shipping at Keppel Telecommunications & Transportation (Keppel T&T) from 1998 to 2004, D i v i s iona l D i rec to r o f Shipping at Keppel T&T from 1996 to 1998, and Executive VP of Keppel Philippines Shipyard from 1988 to 1991.

W i t h v a s t i n d u s t r y e x p e r i e n c e , M r Yo n g also contributes to the development and growth of the offshore and marine sector in his capacity as a Council Member of the Association of Singapore Marine Industries (ASMI), and Chairman of ASMI’s Workp lace Safety and Health Committee.

Mr Yong has a Master in Business Administration from the Ateneo de Manila University, and a Bachelor of Science (Naval Architecture) from the Univers i ty of Strathclyde, UK.

CHRIS ONG leNG yeOWM r C h r i s O n g L e n g Yeow was appointed ED (Commercial) of Keppel FELS on 1 May 2014. He oversees the Marketing, Estimating & Analysis, Logistics, Steel Stock, Purchas ing and Subcontracts departments.

Mr Ong served as Acting ED (Operations) of Keppel FELS from October 2013 to April 2014, and GM (Engineering) of Keppel FELS from 2011 to October 2013.

Prior to joining Keppel FELS’ Engineering Department, Mr Ong was part of the Commissioning team at Keppel FELS and Keppel AmFELS in the US.

A Keppe l Corporat ion Scholarship Award holder, Mr Ong graduated from the National University of Singapore in Master o f S c i ence ( E l e c t r i c a l

Engineering) and Bachelor o f S c i ence ( E l e c t r i c a l Engineering) in 2005 and 1999 respectively.

MOHd SAHlAN BIN SAlleHWith effect from 1 May 2014, Mr Mohd Sahlan Bin Salleh assumed the role of ED (Operations) of Keppel FELS. Prior to this appointment, he served as GM (Operations) from 2012 to 2013.

Mr Sahlan joined Keppel FELS in 1996. Over the years, he has served in various leadership posit ions in the company’s Production Department, ensuring the safe, on-time and within-budget execution of projects. Mr Sahlan holds a Bachelor o f Eng ineer ing (Nava l Architecture & Offshore Engineer ing) f rom the University of Strathclyde. keppelite

Mr Yong Chee Min Mr Chris Ong Leng Yeow Mr Mohd Sahlan Bin Salleh


20 Special Focus1 2

3 4

5 6

7 8

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Passion. Pride. Prudence.The Keppel man. He is fuelled by an unquenchable passion, blazing a trail that inspires others to emulate. Sharp on every detail, he sums up pride to accrue value that endures. A tough steward for integrity, he is reputed for principled prudence.

Starting his career with Keppel Group as an Assistant in 1975, Mr Teo Soon Hoe rose through the ranks, was seconded to various subsidiaries in the Keppel Group and played many instrumental roles in many of Keppel’s watershed years. As the Group Finance Director (GFD) of Keppel Corporation from 1985 to 2011, Mr Teo retired in May 2014 as Senior Executive Director of Keppel Corporation.

On 18 June 2014, at the Goodwood Park Hotel , Keppel Group’s boards o f d i r e c t o r s , s e n i o r management and employees

gave him a rousing send off, marking his four decades of sterling service across all of Keppel’s business units.

Acknowledging Mr Teo’s pioneering work, Dr Lee Boon Yang, Chairman of Keppel Corporation, shared, “Even before the corporate function and the title of CFO was conceptualised, Soon Hoe had defined and set the standard for corporate f inancia l management. He was Keppel’s in-house corporate and investment banker. He was known to structure complex deals, negotiate the terms and set the price.”

1. Mr Teo Soon Hoe (centre) with (from L-R) Mr Chow Yew Yuen, CEO of Keppel O&M, Mr Tong Chong Heong, Senior Advisor of Keppel O&M, Mr Choo Chiau Beng, Senior Advisor of Keppel Corporation and Mr Loh Chin Hua, CEO of Keppel Corporation; 2. Toasting to a happy retirement; 3. Mr Teo sharing a joke with (from L-R) Prof Neo Boon Siong, Board Director of Keppel T&T, Mr Thomas Pang, CEO-Designate of Keppel T&T, Mr Chng Hak Kiat, Senior GM of Keppel Data Centres and Prof Bernard Tan, Board Director of Keppel T&T; 4. Keppelites singing a tribute to Mr Teo; 5. Mr Tow Heng Tan, Director of Keppel Corporation recounts how Mr Teo gave him his first “break” in his career; 6. Mr Teo receives a photo book – Passion. Pride. Prudence from Mr Loh Chin Hua, CEO of Keppel Corporation (right) and Ms Wang Look Fung, Director of Group Corporate Affairs, Keppel Corporation (left); 7. Mr Teo sharing a light-hearted moment with directors and senior management (from L-R) Dr Lee Suan Yew, Board Director of k1 Ventures, Dr Ong Tiong Guan, CEO of Keppel Infrastructure, John Birchall, Keppel Group Safety Coordinator, Mr Koh Hee Song, Senior Advisor, Keppel Infrastructure Trust; 8. Mr Teo with Keppel Group senior management (from left) Mr Hoe Eng Hock, MD, Keppel Singmarine, Ms Tina Chin, GM (Group Risk Management), Mr Sit Peng Sang, Board Director of Keppel O&M, Ms Magdeline Wong, GM (Group Tax), Ms Tan Eng Hwa, GM (Group Internal Audit), Mr Lai Ching Chuan, GM (Corporate Development and Planning), Keppel Corporation, Mr Chee Jin Kiong, Director (Group Human Resources)

Dr Lee also added, “Since joining Keppel I had heard from bankers and lawyers that Soon Hoe is a ‘very tough negotiator’. They grumbled that Soon Hoe squeezed them for the last drop. But they also admired and respected him for looking after Keppel’s interest in every deal, in every transaction.”

Concurring with Dr Lee, Mr Paul Tan, Group Controller, Mr Tan Swee Yiow, President (Singapore), Keppel Land and Ms Foo Chih Chi, Senior Investment Manager, Keppel Infrastructure Trust all spoke about Mr Teo’s tenacity,

persona l commitment , generous spirit and paid tribute to the legacy of value that he left behind Keppel.

Besides staff, Mr Tow Heng Tan, Director of Keppel Corporation also gave an impromptu tribute. Recalling that it was Mr Teo who gave him his first “break” as a young banker in 1984, Mr Tow expressed h i s gratitude to Mr Teo, who looked beyond “dollars and cents” and chose to work with Mr Tow’s team because of his quick turnaround.



22 Special Focus

Underscor ing Mr Teo’s indelible mark on Keppel, staff also performed three songs - ‘Bridge over Troubled Water’ by Paul Simon and Art Garfunkel, ‘In My Life’ by The Beatles and wished him a happy retirement with Israel Kamakawiwo’ole’s version of ‘Somewhere over the Rainbow/What a Wonderful World.’

Mr Loh Chin Hua, CEO of Keppel Corporation, presented Mr Teo with a specially designed photo book . Pas s ion . P r i de . Prudence chronicled his journey with the company, set against the backdrop of many corporate milestones. The book also carried the well wishes and tributes of many business associates and colleagues.

Ms Wang Look Fung , Director of Group Corporate Affairs, said, “Assuring with both your quiet confidence

and fierce conviction, you fought for every cent as your own. I dare say it is because of you that Keppel has inculcated the core value of accountability. You made sure that every dollar that we earn or invest work doubly hard. And having started your career in the shipyard, you understood very clearly that each cent that we earn was with the sweat and blood of our colleagues.”

On behalf of Keppel Group, as a gesture of appreciation, D r L e e p r e s e n t e d a commissioned paint ing of Keppel Bay by cultural medallion winner Ong Kim Seng to Mr Teo as he was personally involved in the transformation of Keppel Bay from a shipyard to a world-class waterfront precinct. To honour the unstinting support that Mrs Valerie Teo had given to Mr Teo, she was also presented with a hand woven Javanese shawl.

Recalling the many highlights of his four decade long service, Mr Teo remarked, “I have served four Chairmen and five CEOs…what a journey! In 1974, the profit of the company was $32 million. So in nearly forty years, we have grown about 50 times. Our profit without the exceptions last year was about $1.5 billion. So that made, for me and for many in the room, all those long days and nights, all those burnt weekends and those weekend travels worthwhile.”

IN TRIBUTe TO MR TeO SOON HOeK e p p e l i t e s , b u s i n e s s assoc iates and f r iends honoured Mr Teo Soon Hoe with tributes on his 40 years of distinguished service to the Group. Keppelite shares extracts.

“Keppel has been very fortunate to have Soon Hoe served in many critical role

in the Group. As a CFO, the name Teo Soon Hoe is legendary in the market place and for many of us, he will always remain fondly as GFD.

“Upon graduation, Soon Hoe joined Keppel Shipyard in 1975 as an Assistant in what was called the Management Services Unit. It was a sort of think-tank unit where members brainstormed and worked on ideas to grow businesses in Keppel. Soon Hoe soon displayed his ingenuity, innovative spirit and entrepreneurial drive to grow Keppel’s business.

“And he had bold vision. In 1979, after extensive study of how credit unions operated overseas, Soon Hoe started the Keppel Group Co-Operative Credit Union. At the same time, he became General Manager of Shing Loong Credit (later renamed Shing Loong Finance). These initiatives were to form the seeds of Keppel’s banking and financial services division.

“In 1980, Soon Hoe returned to Keppel Shipyard as Finance Manager to assist in anchoring another turning point in Keppel’s history – the listing of Keppel Shipyard on the Singapore Stock Exchange.

“In 1990, Soon Hoe was appointed Director of Asia Commercial Bank when Keppel acquired the Bank and in the same year, Keppel


A warm moment of appreciation for Mrs Valerie Teo (centre) who has stood by Mr Teo all these years

23


23 23

Finance was formed from the merger of Sim Lim Finance and Shing Loong Finance. Following the acquisition of Asia Commercial Bank, Keppel Finance became a subsidiary of the bank, which was renamed Keppel Bank.

“He brought them all under one roof – Keppel Bank, Keppel Finance, Keppel Securities, Keppel Factors and Keppel Insurance...Keppe l ’s bank ing and financial services division was nurtured and grown into a major p i l l a r of earnings growth for the Group. In 2001, following a strategic streamlining exercise, Keppel agreed to divest its financial services division to OCBC Bank. Despite the fact that there was no other offer on the table, Soon Hoe was able to negotiate a higher price.

“Soon Hoe embodies the drive to create value for our shareholders. Through the years, his rigorous approach in financial matters has built up a solid war chest for Keppel which has enabled the Group, time and again, to emerge stronger and ready to seize opportunities even during downturns.”

dr lee Boon yang ChairmanKeppel Corporation

“Soon Hoe clearly belongs to the generation of Keppelites well known for their “Can Do!” spirit and imbued with

a tenacity to pursue that is second to none. As a colleague from the time I joined the Keppel Group as a Senior Executive Director up to the time I retired as an Advisor, I was privileged to have been able to see at close proximity this spirit at work in him. “ H e d i s p l a y e d g r e a t fortitude and had borne more than his fair share of heavy lifting when the Group was re-positioning itself against the backdrop of the global economic downturn in the 1990s. He did not disappoint me when I bounced off him strategies and explored with him ideas for taking the Group forward. He displayed a deep commitment to his role and responsibility as a senior member of the Keppel management team.

“His austere approach in financial matters enabled the Group to emerge stronger with the turn of the global economic cycle and rise to new heights of profitability. This was a clear testimony to his uncanny ability to build up quickly our war chest which enabled our key business units across the Group to re-organise effectively and seize profitable business opportunities. “On behalf of our Keppel stakeholders and my own behalf, I wish to thank Soon Hoe for being an exemplary

model for all Keppelites, both present and future.” lim Chee OnnExecutive ChairmanKeppel Corporation (2000 – 2008)

“Soon Hoe was a path finder and path breaker as he worked innovatively to establish Keppel’s name in the capital markets. He left his mark as a legendary CFO in our marketplace.” Hsieh Fu HuaChairman United Overseas Bank

“I worked with him in my capacity as Keppel’s corporate lawyer up to 2005, when he held the position of Group Finance Director. He was decisive in his dealings with third parties, a quality that I cherished as his lawyer. One particularly memorable transaction was when Keppel Capital was the target of a takeover by OCBC. He stood his ground in that difficult transaction and eventually secured a deal that unlocked value for the shareholders of Keppel.”

Arfat SelvamManaging Director Selvam LLC

“He has enjoyed a long and illustrious career with one organisation – Keppel. Without a doubt, he has contributed immensely to Keppel’s success – seeing it through cycles and its

d e v e l o p m e n t i n t o a truly global leader and a highly respected and high performing conglomerate. I admire him for his sharp mind, meticulous work habits and for always driving the best deal for Keppel.”

Fang Ai lianAdvisorFar East Organisation Group

“Soon Hoe is truly a Keppel man. He joined Keppel fresh from university and spent all his working life contributing to the building up of this conglomerate. When he took over the post of financial chief from me in 1984 Keppel was at cross roads. The ability of the second and third generation management teams to build upon the good foundation laid by the first generation management team speaks well of the quality of the Keppel man. As a member of the second and third generation top management teams, his contribution must be recognised.”

Tay Kim KahExecutive Director/ Financial ControllerKeppel Corporation (1967-1984)



(From left) Mr Teo Soon Hoe, Senior Advisor to Kepppel Land; Mr Lim Ho Kee and Professor Tsui Kai Chong, Board Directors of Keppel Land; Mr Loh Chin Hua, CEO of Keppel Corporation and Chairman of Keppel Land; and Mr Ang Wee Gee, CEO of Keppel Land

Management from Keppel Land expressing their heartfelt thanks to Professor Tsui Kai Chong (right)

Dedicated serviceIt was a warm and intimate farewell on 26 May 2014 for Mr Lim Ho Kee and Professor Tsui Kai Chong, both of whom have served on Keppel Land’s Board fo r 13 yea r s . Keppe l Land’s Board of Directors and senior management held a dinner for them in appreciation of their sterling service and contribution to the company.

On behalf of Keppelites, CEO of Keppel Corporation and Chairman of Keppel Land, Mr Loh Chin Hua and CEO of Keppel Land, Mr Ang Wee Gee, presented Mr L im and Professor Tsui each with the gift of a painting by Singapore w a t e r c o l o u r i s t O n g Kim Seng.

Mr Loh expres sed h i s appreciation to Mr Lim and Professor Tsui on behalf of the Board. He said, “I would like to thank both Ho Kee and Kai Chong for their dedicated service. They have contr ibuted much to Keppel Land’s achievements. One of the strengths of Keppel Land is in the diversity of its Board. I think both Ho Kee and Kai Chong had added to this diversity.”

M r L o h a l s o u r g e d Mr Lim and Professor Tsui to cont inue engag ing Keppelites across the Group

and share their valuable e x p e r i e n c e t h r o u g h Keppel College.

Mr Ang added, “Feedback from those who had the pr iv i lege to work with Ho Kee found him to be very well-read, wise, astute, passionate and savvy in the areas of investment and finance.

“ C o l l e a g u e s f o u n d Kai Chong to be open- minded, knowledgeable, analytical, balanced and focused.

“Both of them were strategic in their thinking, and guided management to achieve the company’s objectives. Both were highly approachable and had a great sense of

humour. They also believed strongly that people are what makes the company, and were always concerned about the we l fa re o f our staff. “We want to thank both of you for your friendship, and for guiding and helping us to scale greater heights at Keppel Land.” keppelite



Spurring Innovations

Prime solutionWith a total daily workforce o f b e t w e e n 1 5 , 0 0 0 to 17 ,000 d i rec t and subcontracted workers, Keppel Shipyard has been working closely with its vendors and contractors to improve work processes and productivity, as part of its continuous efforts in innovation and operations excellence.

I n e a r l y 2 0 1 3 , t h e shipyard rallied some of its contractors under the Partnerships for Capability Transformat ion (PACT) programme, an initiative by SPRING Singapore, to look into upgrading their blasting systems which are used to prime the vessels’ surfaces for paint jobs.

This culminated in the development of a semi-automated system which reduced manpower required in a blasting operation by 30%, from 20 to 14 men. The improved system also led to a reduction in grit usage by 15-20% as the release of blasting material is now better controlled by the new valve and used more efficiently.

The successful collaboration between the shipyard and its contractors, supported

by a government agency, was highlighted by Mr Teo Ser Luck, Minister of State for Trade & Industry, in the Singapore Parliament in May 2014.

K o h W e i H a n g , o n e o f K e p p e l S h i p y a rd ’s management trainees who initiated the review of the blasting operation as part of an Innovative Quality Circle (IQC) project, explained, “During a blasting job, abrasive medium or grit are shot at high speed from a blaster gun affixed to a hose to remove impurities such as barnacles and rust. One blasting system can support a number of blasters.

“The previous blast ing system was not optimal as one or more workers were required to man the pot that contained the blasting material, depending on the size of the project. These workers had to manually turn on and off the valve that controls the release of grit to all the blasters at the same time, and to refill the pot when it is empty.

“Even though the blasting system is operated by our subcontractors, we took the time to experience the whole process first-hand so that we

can understand and work with them to improve on it. Many of Keppel Shipyard’s contractors are local small and medium enterprises (SME) which may not have the resources to focus on innovation, so government schemes l ike the PACT programme are helpful. With some innovation, we can in fact reduce our reliance on manual labour and increase productivity.”

The solution turned out to be a simple but effective idea

The new semi-automated blasting system allows workers firing the blasters to control output of the blasting material directly instead of relying on other workers to do that. This results in savings in grit usage as well as higher productivity

of replacing the manually operated on-off ball valve with an automatic plunger-type metering valve that can be controlled directly by the individual blasters.

To date, 64 such systems are being used in Keppel Shipyard for ship repair and conversion jobs. A second batch of 258 systems will be used by Keppel Shipyard’s con t r a c to r s a f t e r t he application for co-funding by SPRING Singapore gets approved. keppelite

26 empowering Lives


26 empowering Lives

Growing and glowingexemplifying Keppel’s core values and delivering outstanding performance consistently, 32 Keppelites who have gone beyond their call of duty and served as role models for fellow colleagues were lauded with Outstanding Keppelite Awards this year.

(First row) 32 Keppelites who have gone beyond their call of duty received the Outstanding Keppelite Awards this year(Second row) The Master Chef Challenge, part of the Inspiring Leadership Summit, saw teams working closely under a tight timeline to impress the panel of judges with an innovative 3-course gourmet meal(Third row) Participants of the Inspiring Leadership Summit rocked the hall as a percussion ensemble with their newly-acquired skills from the Pots and Hands Workshop. Senior management present also joined in and added to the high energy

empowering Lives 27


Bridging culturesP re s e n t e d b y D r L e e Boon Yang, Chairman of Keppel Corporation, the Outstanding Keppel i te Awards commend Keppelites who exemplify Keppel’s core values.

One of the deserv ing recipients is Jia Hong, Senior Manager f rom Keppe l Land China. Driven by his passion for continuous self-improvement, his interest for knowledge extends beyond his work domain, leading to the introduction of many innovative ideas to his work.

Having been with Keppel Land China for the past four years, Jia Hong is not only dedicated to his tasks, but also in guiding and encouraging his younger co l l e ague s t o pu r sue excellence at work.

H e s a i d , “ M e n t o r i n g is an important part of the company culture as the success of a project i s dependent on team work. Only when the team improves collectively, the project can be accomplished efficiently and the company brought to greater heights.”

Another recipient, Wim Pruijssers, Senior Project Manager f rom Keppe l Ve ro l m e c o m m e n t e d , “I’m blessed with a well-motivated team, as well as a supportive management that places trust in us. The excellent communication and coordination throughout the organisation also contributed to our accomplishment.”

The annual Outstanding Keppe l i te Awards was he ld on 28 May 2014 and capped off an eight-day Inspiring Leadership Summit which started on 19 May 2014.

“People make decisions not just with their heads, but also with their hearts. In negotiations, I need to connect w i th my counterparts intellectually, emotionally – and if it’s a cross-cultural negotiation – also culturally.”

This is the wisdom shared by Professor Tommy Koh, Singapore’s Ambassador-At-Large, during the 13th Grow Beyond Talk that had “Bridging Cultures” as a prominent theme.

Recent l y named the Great Negotiator of 2014 by Harvard University, Professor Koh emphasised the importance of heeding sensitivities and nuances in cross-cultural negotiations. This is especially apt for a global conglomerate like Keppel, which has business dealings in over 30 countries.

He also related memorable challenges faced in the course of his illustrious career, inc luding the n e g o t i a t i o n o f t h e

Free Trade Agreement between Singapore and the US.

Eschewing the traditional lecture format, Professor Koh invited questions from the audience comprising Board of Directors, senior management, Outstanding Keppelite Awards recipients and Inspiring Leadership Summit graduates from across the Group’s global operations.

As a memento, the audience took home cop ie s o f The Tommy Koh Reader

– Favourite Essays and Lec tu re s , pe r sona l l y autographed by Professor Koh.

He dedicated the book to his personal assistants, past and present, describing them as “all the wonderful men and women who worked with me in all my jobs.”

Professor Koh noted, “It is important for us to break down barriers and to show respect and appreciation for the people who help us in our lives.”

Professor Tommy Koh (right), Singapore’s Ambassador-At-Large, addressed a rapt audience of Keppelites during the 13th Grow Beyond Talk, at a session facilitated by Mr Ong Ye Kung (left), Director of Group Strategy & Development at Keppel Corporation

The summit, organised by Keppel College, was designed to holist ical ly advance the professional and personal development of Keppe l i tes through management sha r i ng ,

workshops, site visits and networking sessions. Some 70 Keppelites from across the g lobe gathered in Singapore for this talent development programme. keppelite

28 empowering Lives


Once a year, employees f r o m K e p p e l L a n d ’s businesses across the region convene in Singapore for the company’s Annual Staff Conference (ASC).

This year’s instalment was held from 27 to 30 May 2014 at the newly refurbished

Annual convention

S u n t e c C o n v e n t i o n Centre, which saw over 530 employees gather to network and exchange learning experiences.

During his opening speech at the senior management s h a r i n g s e s s i o n o n 29 May 2014, CEO of Keppel

Keppel Land senior management engaged staff on the company’s strategies and directions during the Annual Staff Conference 2014. The event provides a platform for staff across Asia to network and share experiences

Land Mr Ang Wee Gee commended employees for the company’s creditable financial performance as well as awards and achievements garnered since the last ASC.

He reiterated his vision of an open, collaborative, e n t r e p r e n e u r i a l a n d

innovative culture within the company, and applauded staff for their efforts in doing so since he first spoke about it in early-2013, when he took over the helm.

Mr Ang said, “We wil l continue to create and support an environment that

empowering Lives 29


Creative expressions

The “Back to school” theme at Keppel Land’s annual Dinner & Dance did not just conjure up images of participants dressed in their old uniforms. Thinking out of the box,

Keppel Land staff displayed their inventive interpretations of “school”, such as “School of Rock” and “Zombie High School”.

The event brought the

week-long ASC to a rousing close. During the dinner, various awards were also given out, lauding Keppelites for their various achievements. These include the Work of a Winner (WOW!) Awards

which recognise teams for innovation, the Hall of Fame Awards which recognise employees who embody the Keppel core values, as well as Long Service Awards.

During the week-long conference, staff participated in a series of workshops and training sessions to sharpen their skill sets

Mr Loh Chin Hua, CEO of Keppel Corporation and Chairman of Keppel Land, presented Mr Choo Chin Teck, Director, Corporate Services of Keppel Land, with a Long Service Award for having served 40 years in the company

Participants let their hair down and showcased their creative interpretations of the “Back to School” theme at Keppel Land’s annual Dinner & Dance on 30 May 2014

is conducive to attract, retain and motivate good people to put in their best, as well as a culture for them to interact, share ideas, take calculated risks and innovate to solve problems together.”

Senior management also provided updates on the company’s performance in the various markets, as well as shared their strategic plans. A question-and-answer session followed, providing a platform for o p e n c o m m u n i c a t i o n between senior management and staff.

Throughout the week-long conference, staff participated in a series of workshops and training sessions, on topics including business acumen, workplace safety and health, effective systems of internal controls and risk management to sharpen their skill sets.

The ASC ended with staff letting their hair down at the annual Dinner & Dance. keppelite

30 empowering Lives


The Operat ions team at Keppel FELS forged f r i endsh ip s onboard the Keppel Bay Sailing Academy’s two racing yachts, conquering choppy waters as they exited Marina at Keppel Bay and raced towards sister marina Nongsa Point Marina and Resort (Nongsa Point) in Batam, Indonesia, from 30 May to 1 June 2014.

T h e t e a m b u i l d i n g programme was held in conjunction with the team’s strategy meeting in Nongsa Point, where veteran Mr Seow Tiang Keng, Senior Electrical and Instrumentation Manager at Keppel FELS, shared his diverse experience

Fellow-shipaccumulated during his 44-year career with Keppel.

Apart from learning basic sai l ing ski l ls , the team participated in teambuilding activities and brainstormed for innovative ideas that would further enhance their operational capabilities.

Mr Mohd Sah l an B i n Salleh, Executive Director (Operations) of Keppel FELS commented, “Through working with each other on a novel activity, the team was able to gain a deeper understanding of each other’s leadership styles. This will enable us to harness our collective strengths and spur the department forward.” keppelite

Bonding over a sailing adventure across the Straits of Singapore, the Keppel FELS Operations team also learnt more about each other’s leadership styles through the teambuilding programme

Keppel Credit Union (KCU) was started in 1979 as a co-operative within the Keppel Group of Companies. I t ce lebrated i t s 35th anniversary with a dinner at Resorts World Convention Centre on 10 June 2014.

Besides the KCU board directors and staff, the dinner was also attended b y K e p p e l s e n i o r m a n a g e m e n t , i n appreciation of the support that the Keppel Group has been providing.

Indeed, KCU has much to celebrate for its 35 years of history. Over the years, KCU has expanded its range of services and benefits to provide tangible financial support and security to its increasing membership base.

35 creditable yearsMembership strength had risen to a record high of 13,751 as at December 2013, as reported by Chairman of KCU Professor Bernard Tan during the Annual General Meeting that was held on the same day.

Gunna Saggaran, lifting f o r e m a n a t A l p i n e Engineering Services, a unit under Keppel Offshore & Marine, has been a member of KCU for 22 years. He shared, “KCU has helped me to be a discipl ined saver as I have chosen to have a portion of my salary automatically transferred to my KCU account every month. I also appreciate the good services that the co-operative provides, such as providing loans to members at good rates.” keppelite

Chairman of KCU Professor Bernard Tan (front row centre) celebrated the co-operative’s 35th anniversary with Keppel senior management at an appreciation dinner

empowering Lives 31


Model traineeJuggling a full-time job at Keppel Singmarine and classes at the Institute of Technical Education (ITE) was not an easy feat.

For Muhammad Haika l B in Shek Ahmad, who decided to take up Keppel Offshore & Marine’s (Keppel O&M) Assistant Technical Associate (ATA) Scheme at the age of 22, his hard work paid off when he completed his Nitec in Fabr icat ion Technology (Hulls & Structures) and was awarded the Lee Kuan Yew Model Trainee Award 2014.

The award recogn i ses trainees who have not only exceled in their courses, but also displayed outstanding conduct worthy of emulation by others.

The father of two children shared, “It was challenging to work and study at the same time but I managed to pull through with the support of my family. My father, who has been working in Keppel FELS for over three decades, has always been an inspiration to me.” In fact, it was Haikal’s father who encouraged him to take up Keppel O&M’s ATA Scheme. Driven by an interest in the offshore and marine industry, Haikal decided to apply for the s c h e m e w h i c h w o u l d

allow him to be placed in a structured traineeship programme in Keppel O&M.

The learning curve was steep for someone who has no prior experience, like Haikal. But that was no deterrent to the steely young man.

“Over time, I managed to adapt to the work env i ronment and a l so bonded with my colleagues of various nationalities at Keppel Singmarine. I’m excited to be able to apply the skills I’ve acquired during my course in the production facilities of the shipyard.”

The motivated 24-year-old’s learning journey does not end here. He intends to take up a diploma in marine engineering next year.

I n d e e d , H a i k a l i s a n exemplary Keppelite with a passion for learning and zeal for excellence. keppelite

It was challenging to work and study at the same time but I managed to pull through with the support of my family. My father, who has been working in Keppel FeLS for over three decades, has always been an inspiration to me.Muhammad Haikal Bin Shek Ahmad Assistant Technical Associate, Keppel SingmarineWinner of Lee Kuan Yew Model Trainee Award

Muhammad Haikal Bin Shek Ahmad (right), Assistant Technical Associate from Keppel Singmarine, receiving the Lee Kuan Yew Model Trainee Award 2014 from Mr Bruce Poh, Director and CEO of ITE

Fuel for thought

If you are always trying

to be normal, you will

never know how amazing

you can be.

Maya Angelou,

Author, poet, actress and singer

32 empowering Lives


Sixteen Keppelites braved the rain and roughed it out at the Outward Bound School in Pulau Ubin, an island off Singapore, from 4 – 6 June 2014. The team, comprising Keppel ites from across the Group, fondly called themselves ‘Ubinites’ for the three days of self-discovery and leadership training.

Hayley Teo, Market ing O f f i c e r f r o m K e p p e l Shipyard, one of the only two girls in the group, recounts her memorable experiences as the diverse team bonded over the three-day programme:

dAy 1: SelF-dISCOVeRy A good half day was spent delving deeper into our results from the Myers-Briggs Type Indicator test. We were able to better understand psychological and behavioural preferences of ourselves and of our opposites, which will help in our daily lives.

Challenge of the day would be outdoor cooking, as smearing toothpaste at the bottom of pots to prevent accumulation of soot were definitely foreign to us girls without outfield experience. It was an eye-opening and satisfying experience as the team whipped up a meal in mess tins by the beach. Surprisingly yummy, despite the aesthetic atrocity!

uber ubinites

dAy 2: jUNGle TReKKINGBonds were forged as the group bashed through the jungle, navigating with a compass and a map. Everyone had an opportunity to put their leadership skills to test as we had to lead the team to conquer different obstacles planted along the way. We also took time to reflect on our attempts to move away from our psychological preferences in leading the team and overcoming obstacles.

A l though the sudden downpour upped the challenge and prolonged the trekking, spirits were kept high as the team members cheered each other on. Exhausted by the day’s activities, we were delighted by a sumptuous buffet spread and secretly thankful that we did not have to cook again.

dAy 3: AGAINST GRAVITy ANd CURReNTAll for the team! We took on various challenges such

as high obstacles and jetty jumps to earn credits in exchange for more pipes, ropes and barrels to build a durable raft.

With a team comprising mainly of yardmen, building the raft was a piece of cake. We then roughed it out against the strong current on our sturdy raft. Camaraderie was stronger than ever. keppelite

Sixteen Keppelites embarked on a journey of self-discovery and leadership training at the Outward Bound School from 4-6 June 2014

empowering Lives 33


Keppelites Abroad

Before being posted to China, Jefferson Lim only indulged in the occasional drink during festive seasons. Today, after more than five years working in the country as the project manager of Keppel Land China’s Stamford City in Jiangyin, Jiangsu, Jefferson can summon the ability to down Chinese white wine like water whenever the occasion calls for it.

The 37-year-old recounted, “The biggest challenge I faced when I was first po s t ed to Ch ina was adjusting to the way of life in the country, including the culture of drinking during business discussions as a form of socialising. Very often, we have to drink during business meals and

Active assimilation I have to be very mindful not to overdo it so as to stay sober, yet at the same time convey respect for our partners’ customs.

“However, as the saying goes, ‘when in Rome, do as the Romans do’. I am glad that I had adapted quickly and am now rather a c cu s tomed w i th t he Chinese way of doing things. I have also picked up some of Jiangyin’s local dialects, which sound like Japanese to me!” he laughed.

O n S t a m f o r d C i t y , Keppe l Land ’s p ro jec t i n J i angy in , J e f fe r son shared, “The project is a mixed-use development which compr i ses both residential and commercial components. As a project

manager, I have to ensure that the various components are completed on time, to good quality, within budget and in compliance with the local regulations. We have to be especially vigilant in the latter aspect as different cit ies have different regulations and customs.”

Having spent a few years in China, the soft-spoken Jefferson has since made many local friends from al l walks of l i fe . They sometimes go on day trips and the most recent trip was to Anhui where they scaled steep mountains and explored ancient caves.

A self-confessed history buff, one of the things that Jefferson enjoys most about

working in China is the rich Chinese culture and the plethora of historical places of interests where he can spend the entire weekend exploring. Historical sites that he has visited include the Fujian Tulou, earthen rural dwellings unique to the Hakka people, built between the 12th and 20th centuries.

On the potential of China for Keppel Land, Jefferson enthused, “There is so much land and bountiful opportunities here. With increasing urbanisation a n d s t r o n g d e m a n d fundamentals, I believe China will be a country where Keppel Land and other property developers will continue to focus on.” keppelite

Jefferson Lim (back row, in shades) with colleagues from Keppel Land China at a team bonding Go Kart competition in Changzhou, Jiangsu

34 empowering Lives


In the second edition of Kids @ Work organised by Group Human Resources, 20 young ch i ld ren o f Keppelites visited Keppel Corporation on 5 June 2014 and caught a glimpse of their superhero parents at work.

The children then set off on a mission to complete a series of super-tasks, such as introducing themselves to their parents’ colleagues, during an attachment at their parents’ respective departments. They also got to watch The Incredibles, an animated film about a family

Superheroes at workof superheroes, and shared a scrumptious Superman cake.

“My kids really enjoyed themselves, and it also

inspired them to think about their dreams and what they want to be when they grow up,” said Angeline Toh from Group Corporate Communications.

As the day f i l led with superhero-themed activities drew to a close, the kids and their parents went home in high spirits. Mission accomplished! keppelite

Mr Chan Hon Chew (centre), CFO of Keppel Corporation, with the children of Keppelites who joined their superhero parents at work for a day

Recreational retreatsContinuing to promote team spirit and personal well-being among Keppelites, Keppelite Recreation Club (KRC) organised activities in Singapore and abroad for its members in May and June 2014.

On 25 May 2014, a team of eight Keppelites from across the business units embarked on a two-day trekking adventure to Xueshan or Snow Mountain in Shei-Pa National Park, Taiwan. Led by Mr Hoe Eng Hock, MD of

Keppel Singmarine, the team conquered the 3,886-metre peak, which is the second highest in the country.

Huang Huguang, Engineer (Production) from Keppel Singmarine recounted, “The final 400-metre ascent was the toughest as the air got thinner and the trek got steeper. Some members started to experience altitude sickness but no one showed signs of giving up. The journey was tough, but it only made the victory at the summit sweeter.”

Separately, on 1 June 2014, the annual KRC Fun Fishing 2014 was held at Pasir Ris Farmway. About 80 anglers and their families took part, with many of them walking away with novelty prizes and smiles on their faces.

The event culminated with the final weigh-in of the fishes, with Chan Beng Guan, Project Manager at Keppel FELS bringing home the “Heaviest Fish Caught” which tipped the scales at 5.26 kg. keppelite

A team of Keppelites conquered Xueshan or Snow Mountain, the second highest in Taiwan, at a trekking trip organised by Keppelite Recreation Club

empowering Lives 35


Food for kinshipThe annual ‘eat With Your Family Day’ (eWYFD) initiative by the Centre for Fathering is part of a wider effort to strengthen family ties. In support of this, Keppelites were encouraged to spend quality dinner time with their families on 30 May 2014. Keppelites share the cuisine and kinship they experienced on this day.

Olivia Lim (second from right), Senior Commercial Executive from Keppel FELS shared, “Families who eat together stay together. On regular working days, we usually have dinner separately. It is wonderful to have an extra special day for a meal with the family.”

Belicia Ong (third from left), Management Associate from Keppel Corporation, spent the evening at her nephew’s birthday celebration. She said, “I was posted to Vietnam last year, so this year, I’m glad to have this additional opportunity to catch up with my extended family amidst our busy schedules.”

Thiagarajan Suppiah (third from left), Foreman from Keppel Shipyard, brought his family of three generations out for dinner that day. “We believe in the importance of having meals together with family, apart from special occasions, so as to share daily happenings and keep the bond strong.”

Hans Dai (left), Planning Engineer from Keppel Merlimau Cogen, prepared a special dish – home-made dumplings – to celebrate Dragon Boat Festival in advance. He said, “Family is a big part of my life. We are appreciative of this opportunity to gather and celebrate.”

Jack Tan (second from right), Finance Manager from Keppel Corporation, brought his wife and two daughters to a restaurant that they have been hoping to visit for the past six months. “‘Eat With Your Family Day’ made it happen,” he said.

Lu Qi Min (second from right), Manager from Keppel Infrastructure, chose to spend ‘Eat With Your Family Day’ at home with his newborn baby girl.

36 nurturing Communities



In a wider effort to tackle cl imate change, Keppel Land has been supporting the annual Eco Action Day, Singapore’s largest business-led environmental awareness c a m p a i g n o r g a n i s e d by Ricoh since 2007, in commemoration of World Environment Day on 5 June.

As the strategic partner of this year’s instalment, Keppel Land organised activities in May and June 2014 to tie in with Eco Action Day, with Keppel REIT as the sole office building supporter.

Over a two-week period from 6 to 21 May 2014, a series of roadshows were held at some of Keppel Land and Keppel REIT’s commercial buildings, including Ocean Financial Centre, Bugis Junction Towers, Prudential Tower, One Raffles Quay, Keppel Towers, Equity Plaza and Marina Bay Link Mall.

During these roadshows, energy conservation tips were shared with tenants as well as the general public, who were rallied to pledge simple changes in their everyday routines that will reduce energy and resource consumption at home and in the office.

At the inaugural Eco Action Day Forum on 5 June 2014, Keppel Land’s Deputy GM for Project Management and

Greening the red dot

Sustainable Design, Mr Kwok Yan Hoe, spoke on the topic “Small Island States and Sustainable Development: Singapore’s Experience”.

At the panel discussion, Mr Kwok commented that human behaviour is one of the key factors that affect the uptake of energy-efficient measures in bui ld ings, which is a major source of greenhouse gas emissions in Singapore.

He said, “About half of a b u i l d i n g ’s e n e r g y c o n s u m p t i o n c a n b e at t r ibuted to tenants ’ behaviour. While a building can be designed to be green, its tenants play an equally significant role in influencing the eventual carbon footprint of the building.”

Addressing the behavioural gap, he added that initiatives such as the Green Mark Scheme for Office Interiors

b y t h e B u i l d i n g a n d Construction Authority of Singapore, and campaigns by non-profit organisations h e l p i n p r o m o t i n g environmentally-friendly and sustainable practices amongst tenants.

Other distinguished speakers who shared their views on Singapore’s sustainable development challenges included Mr Choi Shing Kwok, Permanent Secretary, Ministry of the Environment and Water Resources , Mr Adrian Lim, Head of the MD’s office, Ricoh Singapore,

Mr Jose Raymond, CEO of Singapore Environment Council, Mr Christopher Ang, ED of the Singapore Compact for CSR, and Professor Kenneth Richards, M u s i m M a s C h a i r o f Sustainability at the National University of Singapore.

Since its launch in 2007, the Eco Action Day campaign has engaged over 300 organisations from the private and government sectors as well as educational institutions to commit to reducing energy and resource use in the workplace. keppelite

Keppel Land is the strategic partner of this year’s Eco Action Day, held in conjunction with World Environment Day. Deputy GM for Project Management and Sustainable Design at Keppel Land, Mr Kwok Yan Hoe (right), spoke at the inaugural plenary discussion on 5 June 2014

While a building can be designed to be green, its tenants play an equally significant role in influencing the eventual carbon footprint of the building.Mr Kwok Yan HoeDeputy GM for Project Management and Sustainable DesignKeppel Land

nurturing Communities 37


Will there be opportunities to work in overseas yards? How do female engineers fit in the predominantly male offshore and marine industry? These were some of the questions asked by the 40 students enrolled in the Institute of Technical Education (ITE) College (Central)’s Higher Nitec in Marine and Offshore Technology course, who visited Keppel Shipyard on 15 May 2014.

The dialogue session saw Keppelites sharing their experience and insights on Keppel’s culture, working environment and various career opportunities in the

Inspiring young mindsindustry. Given Keppel’s presence around the world, students were also assured of the plentiful opportunities to work overseas should they join the company.

The students were especially appreciative of the yard tour, where they were introduced to the yard’s operations and the different types of vessels being repaired or converted. Keppel’s emphasis on safety was also impressed upon them during their tour of the Keppel Safety Training Centre.

Keppel Offshore & Marine s c h o l a r a n d K e p p e l

Singmarine technician, Lim Jing Yuan, who is also an ITE alumnus, commented, “Sessions like this not only

Students from ITE College (Central) learnt about Keppel’s Can Do! spirit and the company’s commitment to safety, as well as career opportunities available in the industry

expose students to Keppel’s cul ture but a lso a l low them to learn beyond their textbooks.” keppelite

from CSC helped to build a guard room and replaced the damaged main gate and tables in the school.

The school is situated at the Primorsk neighborhood of

Giving back in BakuBaku where the majority of CSC’s local workers live. A volunteer from CSC, Mr Elkhan Zeynalov, said, “I live in the vicinity and this school is very close to my heart. I am happy to be able to contribute to the community and certainly hope to do more in the future.”

Past in it iat ives of CSC volunteers with the school include bringing its children to the Baku State Circus and fixing the boiler house, tables and chairs in the school. keppelite

In support of Keppel ’s commitment to give back to communities where it operates, Keppel’s associate company Caspian Shipyard Company (CSC) in Baku, Azerbaijan, has been actively

contributing to the local community through various initiatives.

At a Special Boarding School for children with speech impediment, volunteers

President of CSC, Mr Chandru Rajwani (fourth from right), with the Principal (fifth from right), staff and children of the Special Boarding School for children with speech impediment, in front of the guard room built with the help of volunteers from CSC



President Tony Tan (left) and his wife (second from left) enjoying the smooth rhythms of Bossa Nova with Ms Wang Look Fung (centre), Director,Group Corporate Affairs of Keppel Corporation and Brazilian Ambassador H.E. Mr Luis Fernando Serra (second from right) and his wife (far right)

Mane event 2Keppel Land, a longstanding patron of the arts, co-sponsored the film, The Lion Men, by homegrown local director Jack neo. Part two of the film was released in theatres on 12 June 2014 and included scenes filmed at Keppel Land’s 8 Park Avenue project in Shanghai.

(Left) Visitors to The Glades at Tanah Merah on 25 May 2014 were entertained by film director Jack Neo and the cast from The Lion Men: Ultimate Showdown as they performed songs from the sequel and bantered with the audience(Right) Mr Albert Foo (second row, second from left), GM of Marketing at Keppel Land, with cast and crew at the media conference of the movie on 10 June 2014

With picnic baskets in hand, more than 2,500 music-lovers turned up for ‘PianoBotanica’, an outdoor Brazilian Jazz concert at Singapore Botanic Gardens on 1 June 2014.

Singapore’s President Tony Tan and his wife, Mrs Mary Tan, joined the public event, which was also attended by representatives from foreign embassies in Singapore and Brazilian companies.

A seven-piece ensemble led by acclaimed jazz pianist, Jeremy Monteiro, serenaded

Bossa flora

the crowd with Bossa Nova and Samba tunes.

‘PianoBotanica’ is supported

by the Brazilian Embassy in Singapore and Keppel Offshore & Marine is the s e c ond - t ime spon so r,

following the success of last year’s inaugural event. keppelite





Striking home

To promote active ageing, a morn ing of bowl ing fun at SAFRA Toa Payoh was o rgan i sed by the Keppe l Vo lunteers for 33 elderly residents from Thye Hua Kwan (THK) Bedok Radiance Seniors Activity Centre (SAC) on 31 May 2014.

The par t i c ipants were charged with enthusiasm as the volunteers briefed them on the basics of the game and demonstrated the various positions and movements involved, from holding the ball to the swing and release.

The wellbeing and safety of the elderly was top priority fo r the 22 vo lunteer s even as the participants became absorbed in the game. Volunteers helped the elder ly folks warm up before the game by guiding them through some stretching exercises. Lighter bowling balls meant for the elderly were also provided to the participants.

As the games progressed, the excitement in the air became more palpable as the elderly and volunteers alike cheered each other on with every bowling ball

that knocked into the pins. Jessica Leong, Marketing Manager of Mar ina at Keppel Bay shared, “It lifted the spirits and confidence of many elderly participants when they hit the pins.”

“It was an invigorating experience for everyone, even for those who were not bowling, as they were cheering the others on excitedly. This is a refreshing activity and we could see that the elderly residents really enjoyed themselves,” said Leong Ai Kuen, Human Resource Execut i ve of Keppel FELS.

With the last frame played, signalling the end of the game, the part ic ipants proceeded to chitchat and bond over a hearty lunch at a nearby restaurant.

Not knowing that they could bowl so well, many of the elderly participants surprised themselves that Saturday morning. It goes to show that sports has no age barriers after all! keppelite

Elderly participants from Thye Hua Kwan (THK) Bedok Radiance Seniors Activity Centre could not get enough of bowling and were all smiles after a fun game

A participant strategising her next move with a Keppel volunteer

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Keppel Land and Equity ( C P ) P r i v a t e L i m i t e d , through D.L. Properties Ltd., entered into an agreement on 25 June 2014 with Plaza Ventures Pte. Ltd. for the sale of Equity Plaza for a cash consideration of $550 million.

Keppel Land and Equity (CP) Private Limited hold approximately 65% and 35% interests in Equity Plaza respectively. Equity (CP) Pr ivate L imited i s held by Alpha Core-Plus Real Estate Fund, a fund managed by Keppel Land’s property fund management arm, Alpha Investment Partners Limited.

Keppel Land and Alpha divest interests in equity Plaza

Plaza Ventures Pte. Ltd.’s sha reho lde r s a re GSH Properties Pte. Ltd., TYJ Group Pte. Ltd., and Vibrant DB2 Pte. Ltd.

Mr Ang Wee Gee, CEO of Keppel Land, said, “The sale of Equity Plaza will allow Keppel Land to recycle its capital to invest in higher yielding projects so as to maximise overall returns for its shareholders.”

The 28-storey prime office building has a net lettable area of 252,135 sf with a committed occupancy of about 97%. Located in the heart of Raffles Place, Equity Plaza is within a two-

A leading prime office developer in Singapore, Keppel Land’s contributions to the city’s distinctive skyline includes landmark developments such as Marina Bay Financial Centre, Ocean Financial Centre, One Raffles Quay and Equity Plaza

minute walk to the Raffles Place MRT Interchange stat ion and is in c lose prox imity to landmark office developments such as Republic Plaza and Ocean Financial Centre.

Equity Plaza underwent major refurbishment works in 2009 and improvement works have been carried out progressively to increase the building’s efficiency. The property has a leasehold tenure of 99 years that commenced on 7 December 1989.

The transaction is expected to be completed by the third quarter of 2014. When

completed, it is expected to result in a divestment ga in of approx imate ly $59.5 mi l l ion and net proceeds of approximately $ 1 9 5 . 3 m i l l i o n t o Keppel Land.

On a pro forma bas is , had the transaction been effected on 31 December 2013, Keppel Land Group’s net tangible asset per share would have increased from $4.52 to $4.56. keppelite

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