inspiring through art - keppel land china · till 1q 2016. keppel reit’s weighted average term to...

Inspiring through artMCI (P) 133/02/2015

OCTOBER 2015www.kepcorp.com/ekeppelite

Hallmarks of

good governance 8

Green champions 10

Championing

causes 43

Keppelite I October 2015

10 43

Contents

CO REG NO: 196800351N

34

Cover image: From left, standing: CEO of Keppel Corporation Mr Loh Chin Hua, CEO of National Gallery Singapore Ms Chong Siak Ching and Chairman of Keppel Corporation Dr Lee Boon Yang look on as students of Park View Primary School enjoy creating unique artworks of their own during a preview of the Keppel Centre for Art Education on 1 October 2015.

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 AdvisorHo Tong Yen

EditorElizabeth Widjaja

Editorial CommitteeAng Lai Lee, Brian Higgs, Candice Low, Carol Huang, Cheryl Goh, Chew Chong Peng, Chua Sian Howe, Donald Sng, Eileen Tan, Frances Teh, Gabriela Hott Soares, Grace Chia, Hayley Teo, Hoo Yao Lin, Ivana Chua, Kevin Ho, Jayne Yeo, Lee Wan Jun, Marianne Goh, Mia Liu, Priscilla Chong, Razali Maulod, Ricky Ling, Roy Tan, Say Huan Yuan, Serena Toh, Song Jia Jia, Sue Ann Huang, Tang Yi Bing, Teri Liew, Tracy Pham, Woon Pek Yong, Yolanda Guo

SUSTAINING GROWTHSteady returns 4

Sharpening focus 5

Higher distributable income for Keppel DC REIT

Stable performance 6

Trusted partner 7

Hallmarks of good governance 8

Tip top job 9

Striking start

Green champions 10

‘Thinking Unboxed’ 13

Best freight forwarder 14

Peak performance

Smooth execution 15

On the ground 16

Winning innovations

Seizing opportunities in Latin America 17

Strategic insights

Strengthening Tianjin ties 18

Mitigating risks 20

SPECIAL FOCUSTouching lives through art education 22

Spurring InnovationsCreative evolution 26

Bridging insights 27

Sharing safety best practices 28

On stream and online

Strong partnerships 29

Asia’s first ‘Fish Friendly Marina’ 30

EMPOWERING LIVESEducational engagement 31

Sharing of Tianjin experience 32

Public-spirited star 33

The final stretch 34

Keppelites Around the WorldGlobal citizen 36

NURTURING COMMUNITIESGoing green 37

Viva Mexico!

Supporting education 38

Vibrant Eco-City life

Lauded for giving 39

Going the extra mile

Gift of knowledge 40

An evening of dance 41

Partnerships for positive impact

Bonding across borders 42

Keppel VolunteersChampioning causes 43

BACK PAGEOpening the doors to a new Inya Wing 44

Keppelite I October 2015Keppelite I October 2015

EditorialShaping a vibrant future through the arts

A flying bus and fish on stilts greet visitors at the Keppel Centre for Art Education. With its whimsical installations and interactive programmes, the Centre is an integral part of the National Gallery Singapore, Singapore’s newest visual arts institution. Serving as a natural complement to the museum’s art galleries, the Centre is the region’s first art education facility designed to expose young visitors to the arts (see story on pages 22 to 25).

Artist Sandra Lee drew inspiration from the Gallery’s unrivalled collection of Southeast Asian artworks in creating the fantastical forest of the Art Playscape, one of the four spaces of the Centre. Two other spaces, the Project Gallery and Children’s Museum, reinforce the Centre’s role as a conduit for art appreciation and learning by allowing young visitors to step into the shoes of an artist or curator, and create or curate their own art pieces.

The link between art and education may not always be obvious, but there is increasing awareness of the importance of art education in developing a vibrant society and culture. Through art appreciation, individuals learn to sharpen their critical perception, heighten their social awareness and expand their capacity for self-expression. Art allows children to explore and discover their world – be it through sensing the texture of modelling clay on their fingers, or revelling at the mystery of paint colours blending.

Keppel has been a long-standing supporter of the arts. Through the years, we have grown with the arts organisations that we supported in their pioneering days, including Singapore Symphony Orchestra, Singapore Dance Theatre and Singapore Lyric Opera. Overseas, in countries like Brazil, support for the arts is an important component of our efforts to nurture communities wherever we operate.

Keppel has also focused on developing audiences for the arts. Keppel Nights, a programme in partnership with Esplanade – Theatres On the Bay, gives students from heartland schools access to world-class performances, inspiring them to dream big (see story on page 41).

Conceived with interactivity at the forefront, the Keppel Centre for Art Education will evolve through constant engagement with its young visitors. The Centre’s Project Gallery is designed to be filled with works by visitors reflecting on the theme of ‘Homes of the Future’.

Many more discoveries will take place once the Centre opens its doors with the rest of the Gallery on 24 November 2015. In line with its aim to be a Gallery for the people, Singaporeans and permanent residents will enjoy free entry.

Trained under the ‘Best Friends of the Gallery’ programme, many Keppel Volunteers helped to facilitate activities for students invited to trial the Centre in October. The volunteers will continue to support the Centre after it opens to the public. Their participation demonstrates Keppel’s belief in going beyond monetary contributions to engage people in its community efforts.

As the Centre develops in fascinating ways to meet the needs of its young visitors, so too will Keppel continue to grow with the communities in which we operate. Through our support of the arts and other community initiatives, we will shape a vibrant future for all.

4 Sustaining Growth


4 Sustaining Growth

Steady returnsKeppel REIT Management, the Manager of Keppel REIT, r e p o r t e d a h i g h e r distributable income of $54.4 million for 3Q 2015 and $163.2 mil l ion for the year-to-date 2015, registering a 4.6% and 1.8% increase from their corresponding periods in 2014 respectively. Quarter-on-quarter, the Manager also achieved sustained leve l s of d i s t r ibutab le income.

The improved distributable income was due largely to better performance from Ocean Financial Centre, Bugis Junction Towers and 8 Chifley Square in Sydney.

The Manager has declared a Distribution per Unit (DPU) of 1.70 cents for 3Q 2015, which translates to an annual ised distr ibution yield of 7.2%.

During the quarter, the Manager increased its fixed-rate loans to over 70%, which will insulate against interest rate fluctuations and at the same time allow for operational and financial flexibilities.

The Manager’s disciplined c a p i t a l m a n a g e m e n t approach saw Keppel REIT’s average cost of debt remain constant at 2.5%, with interest coverage ratio at a healthy 4.4 times.

In keeping with ongoing efforts to reduce volatility and provide greater certainty over future income distributions, the Manager has also hedged almost 100% of distribution payment from Australia up till 1Q 2016.

Keppel REIT’s weighted average term to maturity remained stable at 3.6 years. The Manager continued to maintain low refinancing obl igat ions as at end-September 2015, with close to 100% of Keppel REIT’s total borrowings not due for repayment till 2017.

To-date , the Manager has concluded a total of 82 leases or approximately 1.1 million sf of office space, with approximately 43% or 470,000 sf (34 leases)

committed in 3Q 2015. This brought overall portfolio occupancy to 98.5% as at 3Q 2015.

The Manager continued its lease management efforts to retain and secure tenants. These efforts saw a high tenant retention rate of 90% for its Singapore assets in 3Q 2015. The Manager has also completed 100% of all leases due for review and almost all leases due for renewal in 2015. With this, approximately 70% of total leases are not due for renewal till 2018 and beyond.

Despite the challenging leasing market sentiments, the Manager has achieved a positive rent reversion averaging 16% for office

leases signed, renewed and reviewed to-date.

The Manager also continues to mainta in a hea l thy weighted average lease expiry of approximately 8.5 years and 6 years for its top 10 tenants and overall portfolio respectively.

Looking ahead, market conditions are expected to be challenging due to the upcoming office supply over the next two years and possible rising interest rate environment. The Manager will intensify its tenant retention and engagement efforts to support occupancy and rental rates, while maintaining a well-staggered lease expiry profi le for sustainable and resilient returns. keppelite

$’000 3Q 2015 3Q 2014 YTD SEP 20152 YTD SEP 20142

Property Income 42,183 42,964 127,552 141,756

Net Property Income 33,396 34,711 102,694 117,183

Share of results of associates 18,513 19,953 58,833 44,630

Share of results of joint ventures 3,907 4,056 12,006 5,720

Income available for distribution 54,408 54,820 163,237 160,294

Distribution to Unitholders(1) 54,408 54,820 163,237 160,294

DPU (cents) for the period 1.70 1.72 5.12 5.72

Annualised distribution yield 7.2%3 6.4%4

(1) Distribution to Unitholders is based on 100% of the taxable income available for distribution.(2) Information for YTD Sep 2014 includes the contribution from Prudential Tower, which was divested on 26 September 2014. In 4Q 2014,

Keppel REIT acquired a one-third stake in Marina Bay Financial Centre Tower 3. As such, the financial information for 2Q 2015 has also been provided to give a more meaningful comparison of Keppel REIT’s performance quarter-on-quarter since the portfolio of properties are the same over the two periods.

(3) The yield is based on the market closing price per unit of $0.955 as at the last trading day, 30 September 2015.(4) The yield is based on the market closing price per unit of $1.190 as at the last trading day, 30 September 2014.

SUMMARY OF RESULTS


Sustaining Growth 5

Higher distributable income for Keppel DC REITKeppel DC REIT posted a creditable set of results with the release of its 3Q earnings on 15 October 2015.

For 3Q 2015, net property income of $21.4 million was

marginally lower than the IPO forecast due to higher property tax expenses as well as foreign exchange losses from the depreciation of certain foreign currencies. This was partially offset by

the rental contributions from Intellicentre 2.

Distributable income for the same quarter was 2.2% higher than projected, at $14.5 million due to realisation of hedging gains and lower interest expenses due to the interest rate swaps entered. Keppel DC REIT, which declares distributions on a half-yearly basis, said the next distribution to be paid out would be for the six months to 31 December 2015.

During the quarter, the REIT successfully completed

the sale and leaseback transaction of Intellicentre 2 in Sydney, Australia, which increased its portfolio to nine quality data centre properties. The 20-year t r i p l e - n e t l e a s e o f Intellicentre 2 also extended the REIT’s portfolio Weighted Average Lease Expiry to 8 .9 yea r s , enhanc ing income stream stability. P o r t f o l i o o c c u p a n c y r a t e r e g i s t e r e d a n improvement at 95.1% as at 30 September 2015, with seven of the nine assets at full occupancy. keppeliteKeppel DC REIT’s maiden latest acquisition, Intellicentre 2 in Sydney, Australia, extended Keppel

DC REIT’s Weighted Average Lease Expiry to 8.9 years, enhancing income stream stability

Sharpening focus Keppel Telecommunications & Transportation (Keppel T&T), reported its 3Q financial results on 20 October 2015.

Keppel T&T reported a 17.1 % fall in 3Q 2015 net profit to $15.3 million, from $18.5 million one year ago. Net profit for the nine months ended September 2015 was at $47.0 million, a 2.5% decrease from $48.2 million a year ago. This was largely due to the absence of contributions from the two data centres

that were d ivested to Keppel DC REIT in December last year.

Keppe l T&T’s log i s t i c s division remains focused on improving occupancy a t i t s w a re h o u s e s i n S o u t h e a s t A s i a a n d operational efficiency at its integrated river ports i n C h i n a d e s p i t e t h e challenging outlook. The warehouse at Tampines Logistics Park commenced operations in 2Q 2015 and has achieved an occupancy

of more than 60% with commitments of over 70%.

The Data Centre Division has maintained near-full occupancy at its facilities. Fit-out works for customers at Almere Data Centre 2 in the Netherlands have progressed as planned and operations have commenced.

During the quarter, the division also announced plans develop its fourth data centre in Singapore, Keppel Datahub 3. keppelite

Keppel T&T’s logistics division remains focused on improving occupancy at its warehouses in Southeast Asia

6 Sustaining Growth


Index inclusionKeppel Infrastructure Trust (KIT) has been added to the FTSE ST Large/Mid Cap and Mid Cap Indices following the half-yearly review of the FTSE ST Index Series on 21 September 2015.

As Singapore’s largest infrastructure-focused business trust listed on

the Singapore Exchange (SGX), KIT has seen its assets under management grow from approximately $600 million to more than $4 billion, following the divestment of the former KIT’s assets to CitySpring Infrastructure Trust to form a new enlarged trust, in addition to the acquisition

of a 51% stake in Keppel Merlimau Cogen before June this year.

KIT’s counter has also since seen improved liquidity with an average daily trading value of $2 million from J u l y 2 0 1 5 t o - d a t e , representing a threefold increase year-on-year.

The FTSE ST Index Series was created by FTSE G r o u p , S G X a n d Singapore Press Holdings to provide investors with a comprehensive series of indices for accessing segments of Singapore’s market.

Stable performanceKeppel Infrastructure Trust (KIT), previously known as CitySpring Infrastructure Trust, reported its 2Q and 1H results for the financial year 2016 on 19 October 2015.

For 2Q FY 2016, revenue was 20 .3% h igher a t $ 1 5 3 m i l l i o n f r o m $127 million a year ago following full contributions from the assets. Group revenue for 1H FY 2016 was $267.3 million, 2.6% higher than 1H FY 2015. Revenue from City Gas decreased due to lower town gas tariffs, which decreased with lower fuel prices. Basslink’s revenue also decreased due to higher negative commercial risk sharing mechanism.

Earnings per unit improved to 0.11 cents for the quarter from a loss per unit of 0.10 cents a year ago.

KIT declared a distribution per unit (DPU) of 0.93 cents for the second quarter ended September from 0.82 cents a year ago. keppelite

Net profit for the quarter ended September 2015 was $4.1 million for the second quarter, up from a loss of $1.6 million a year ago. Net profit for 1H FY 2016 was

$6.8 million, higher than the last financial year as a result of contributions from Crystal Trust and the acquisition of its 51% stake in Keppel Merlimau Cogen Plant.

Keppel Infrastructure Trust continues to deliver stable distributions to unitholders


Sustaining Growth 7

Trusted partnerAs the g l oba l l e ade r in offshore r ig design, construction and repair; ship repair and conversion as well as specialised ship building, Keppel Offshore & Marine ensures that its quality products are delivered on time, on budget and with a perfect safety record, to the satisfaction of its customers.

GIANT ACHIEVEMENTKeppel Nantong Shipyard ( K N S ) c e l e b r a t e d t h e de l ivery of Giant 7, a submers ib le barge, to Royal Boskalis Westminister G r o u p ( B o s k a l i s ) o n 20 September 2015.

Giant 7 is the third and final vessel in a series of submersible barges that KNS was contracted to build. Continuing the perfect track record set by the delivery of its two sister vessels, Giant 7 was delivered to the customer on budget, ahead of schedule and with a perfect safety record.

Upon further upgrading in the Netherlands and Germany, the barge will be deployed to support the installation of offshore windmill foundations in the German sector of the Baltic Sea.

With this latest delivery, KNS has successfully delivered nine vessels in total to Boskalis.

The shipyard is currently work ing wi th Boska l i s for thei r latest tender requirement for two units of 100-tonne bollard pull capacity rotor tugs for SAAM SMIT Towage in Canada.

ASSURED PERFORMANCEUMW Offshore Drilling’s jackup rig, UMW Naga 3 was delivered on 16 September 2015 after maintenance and repair works were

completed safely, on time and within budget.

The r ig was docked in Keppel FELS from 24 July to 19 September 2015 for its five-yearly Special Per iodic Survey, which included a refurbishment and recertification of drilling, mar ine and l i fe-sav ing equipment and systems. General maintenance and repair works were also carried out.

Mr Ian Lord, Head, UMW Offshore Dri l l ing, said, “Besides this repair job, Keppel FELS also recently delivered our third newbuild KFELS B Class jackup, UMW Naga 8, a month early.

“Our strong partnership and close cooperation give us full assurance that Keppel FELS will not only deliver early and on time, but their rigs will also perform excellently for us.” keppelite

Management and project members from Boskalis and Keppel Nantong Shipyard celebrated the delivery of Giant 7

During the delivery signing on 16 September 2015, Mr Ian Lord (fifth from left), Head, UMW Offshore Drilling, presented a plaque of appreciation to Mr Max Goh, (fourth from left), GM (Operations), Keppel FELS, in recognition of the safe and successful completion of UMW Naga 3

8 Sustaining Growth


Hallmarks of good governanceA f f i r m i n g K e p p e l ’s outstanding efforts in setting standards for good corpora te gover nance and t ransparency, the Group received a total of five accolades at the 16thSecurit ies Investors Association (SIAS) Investors’ C h o i c e A w a r d s o n 16 October 2015.

Keppel Corporation was Runner-Up for the Corporate Gover nance Award in the Big Cap category as well as the Internal Audit Excellence Award while Keppel REIT and Keppel DC REIT were Runners-Up in the Most Transparent Company Award for the REITs & Business Trusts and New Issues categories respectively. Ms Tan Eng Hwa, GM, Group Internal Audit at Keppel Corporation, received Special Recognition under the Internal Audit Excellence Award.

Organised by SIAS with the support of the Singapore Exchange, the Singapore Corporate Governance Awards recognise listed companies which excel in corporate governance.

Winners are selected based on the Organisation for Economic Co-operation and Development (OECD) principles of Corporate Governance, the Brendan Wood (North America)

International’s Shareholder Confidence Index, as well as with inputs from retail investors.

A t t h e s a m e t i m e , Keppel Corporation was also ranked third in the annual Governance and Transparency Index (GTI), r e l e a s e d a t t h e C PA

Australia’s Governance and Transparency Forum in August 2015. Keppel Land and Keppel Telecommunications & Transportat ion were also among the top 20 companies of the 639 SGX- l i s t ed compan ie s r anked by GT I 2015 , coming in at seventh and 13th respectively.

The annual GTI is jointly published by CPA Australia and National University of S ingapore Bus iness S c h o o l ’s C e n t r e f o r Governance, Institutions and Organisations, with The Business Times onboard as i t s s t ra teg ic media partner. keppelite

16th SIAS Investors’ Choice Awards 2015

• Singapore Corporate Governance Award (Big Cap): Runner-Up – Keppel Corporation

• Internal Audit Excellence Award: Runner-Up – Keppel Corporation• Internal Audit Excellence Award: Special Recognition – Ms Tan Eng Hwa, GM,

Group Internal Audit• Most Transparent Company Award (REITs & Business Trusts):

Runner-Up – Keppel REIT• Most Transparent Company Award (New Issues): Runner-Up – Keppel DC REIT

The Keppel Group was honoured with five accolades at this year’s SIAS Investors’ Choice Awards for achieving commendable standards in corporate governance and transparency. (From left) Mr Chan Hon Chew, CFO, Keppel Corporation; Ms Tan Eng Hwa, GM of Group Internal Audit, Keppel Corporation; Ms Ng Hsueh Ling, CEO, Keppel REIT; and Mr Chua Hsien Yang, CEO, Keppel DC REIT, represented Keppel at the awards ceremony

16th


Sustaining Growth 9

Management and project members from Keppel Singmarine and Maritime Construction Services celebrated the start of construction for its latest ice-class multi-purpose vessel, built to Keppel’s proprietary design

Striking startK e p p e l S i n g m a r i n e , together with its customer Mar i t ime Construct ion Services, celebrated the strike steel ceremony for an ice-class multi-purpose vessel on 29 September 2015.

Scheduled for completion in mid-2017, the vessel will be built to the proprietary design of Keppel Offshore & Marine’s ship design and development arm, Marine Technology Development (MTD).

It is designed to operate in ambient temperatures as low as minus 30 degrees Celsius, and will have capabilities such as Class 3 dynamic posit ioning and div ing support functions.

Over the years, Keppel Singmarine has built up a strong track record in designing and building specialised vessels, with ice-class vessels and icebreakers as part of the suite of product offerings that come with Keppel’s proprietary designs. keppelite

Tip top jobThe pipe laying support vessel (PLSV) Top Coral do Atlântico left BrasFELS shipyard in October 2015 after completing its thruster repairs on the floating dock FS-1.

Pleased with the standard and quality of the job, the vessel’s owners Odebrecht Oil & Gas and Technip paid special compliments to the painters Josue Carneiro dos Santos and Samuel de Deus for their excellent safety performances during the execution of their duties. keppelite

BrasFELS received compliments for a job well done in repair works for the PLSV Top Coral do Atlântico

10 Sustaining Growth


Green championsENVIRONMENTAL STEWARDSHIPOcean Financial Centre and Marina Bay Financial Centre (MBFC) were among six buildings to be awarded the Water Efficient Building Gold certification by PUB, Singapore’s national water agency, on 2 October 2015 . Bug i s Junc t i on Towers received the Silver Certification.

Mr Toh Wah San, Executive V i ce P re s i den t , A s se t Management, Keppel REIT Management, said, “We recognise that sustainability makes good bus ine s s sense. In keeping with our proactive approach towards environmental management and protection, we spare no effort in incorporating

sustainable initiatives in our properties where feasible. The certifications from PUB are testament to our efforts and will spur us in our sustainability journey.”

Ocean Financial Centre is an eco-icon with a myriad of innovative green features. These inc lude rooftop g a rd e n s t h a t h a r v e s t rainwater for irrigation, cooling towers that recycle condensate water and water-efficient tap fittings, all of which contribute towards overall savings of 42 million litres of water annually –enough to fill 17 Olympic-sized swimming pools.

The building also boasts one of the world’s largest vertical green walls, the size of

which is equivalent to eight tennis courts. The green wall features an automatic drip irrigation system to ensure minimal maintenance.

At the MBFC integrated d e v e l o p m e n t w h i c h Keppe l RE IT co-owns , the management ensures e ff i c i en t wate r usage with advanced water-leak detection and monitoring systems. Technical staff are trained to monitor water consumption and analyse the data collected. Tenants are also educated on water saving measures through circulars and seminars conducted by water efficiency management consultants.

Separately, Ocean Financial Centre was lauded for its

efficient energy management at the ASEAN Energy Awards 2015 held in conjunction with the 33rd ASEAN Ministers on Energy Meeting in Kuala Lumpur, Ma lays i a , on 6 October 2015. The building was named the winner in the ‘Large Green Building’ category. The annual awards aim to promote regional cooperation on projects relating to energy efficiency and sustainability.

AWARD FOR ENERGY EFFICIENCYKeppel DHCS was recognised at the Energy Efficiency National Partnership (EENP) Awards for its contributions towards saving energy.

Mr Joseph Ng, CEO of Keppel DHCS received the award in

Left image: Ocean Financial Centre boasts one of the world’s largest vertical green walls. The building was named the winner in the ‘Large Green Building’ category at the ASEAN Energy Awards 2015. Right image: Receiving the award from Dr Phyllis Yoshida (left), Deputy Assistant Secretary for Asia and the Americas, Office of International Affairs, US Department of Energy, was Mr Paul Lau (right), GM, Projects, Keppel Land


Sustaining Growth 11

the ‘Excellence in Energy Management’ category from Guest-of-Honour Dr Amy Khor, Senior Minister of State for the Environment and Water Resources, at the awards ceremony held during the National Energy Efficiency Conference on 6 October 2015.

Organised by the National Environment Agency, the Economic Development Board and the Energy Market Authority, the awards aim to foster a culture of sustained energy efficiency improvement in industry and encourage companies to adop t a p roac t i v e approach towards energy management.

Since 2010, Keppel DHCS has pledged to improve its energy efficiency and reduce its carbon intensity emissions by 16% from 2020 business-as-usual levels.

To achieve this, the company outlined a 10-year road map to enhance energy efficiency, focusing on three main areas – process optimisation, management of energy use and asset optimisation.

Some of the key highlights of its initiatives include putting in resources to test and evaluate energy-efficient technology, as wel l as implementing smart controls such as real-time forecasting, process s imulation and optimisation.

Since 2010, Keppel DHCS has achieved a total energy saving of 14,283 MWh. This translates to a reduction of about 8,577 tonnes of carbon dioxide emissions.

ECO-PARTNERSHIPKeppe l Land WATCO, the Keppel Land-led joint venture company behind Saigon Centre in Ho Chi Minh City (HCMC), signed an agreement with Philips L i g h t i n g V i e t n a m o n 22 September 2015 to retrofit the lighting system of Saigon Centre Phase 1, a mixed-use development

located in District 1 in HCMC on a zero capital expenditure (capex) scheme. This is the first such initiative in Vietnam and follows a similar agreement signed between Philips and Keppel Land in Singapore a year ago.

Under the zero capex scheme, Keppel Land and its joint venture partners will upgrade their current conventional lighting system in the common areas of Saigon Centre Phase 1 to light-emitting diode (LED) lighting with no upfront capital investment required.

Payment wi l l be made via instalments using the savings from reduced energy consumpt ion ach ieved through the operation of the new lighting system.

This initiative is part of Keppel Land’s commitment to engage and promote green pract ices among tenants.

Mr Linson Lim, President, Keppel Land (Vietnam), said, “As a responsible green developer, we are committed

Mr Joseph Ng (left), CEO of Keppel DHCS, represented the company in receiving the Energy Efficiency National Partnership Award in the ‘Excellence in Energy Management’ category from Guest-of-Honour Dr Amy Khor, Senior Minister of State for the Environment and Water Resources, at a ceremony held during the National Energy Efficiency Conference on 6 October 2015

Continues on page 12...



to design, build and operate properties that are in harmony with the environment and enhance the quality of life of the communities where we operate.

“Th i s agreement wi th Philips is a stride forward in our green journey as we do our part to reduce our carbon footprint.

“The zero capex model not only allows us to acquire a new lighting system without any upfront cost, we will also be able to achieve long-term savings from reduced energy consumption and operating costs.”

Mr Eric Benedetti, GM of Philips Lighting Vietnam, s a id , “W i th the ze ro capex cooperation model, Phi l ips wi l l be able to he lp Keppel Land and property owners apply the most innovative lighting technology without any upfront investment cost.”

W i t h t h e l i g h t i n g replacement, the 30 office tenants at Saigon Centre can expect a new lighting ambience with improved visual comfort. The LED lights will have longer lifespan of up to 50,000 hours or over 10 years, and will save approximately 50% more energy compared to current lighting solutions, which is equivalent to about US$34,000 per annum. keppelite

As part of a new eco-initiative, Keppel Land WATCO, a Keppel Land-led joint venture company behind Saigon Centre (pictured), collaborated with Philips Lighting Vietnam to replace existing lamps with energy-efficient LED lighting in Saigon Centre Phase 1

...continued from page 11



‘Thinking Unboxed’Keppel Land first launched its brand refresh exercise in 2013 to communicate the company’s efforts in upho ld ing the Keppe l quality hallmark, ‘Thoughtful innovations for thoughtful experiences’.

The brand phi losophy, ‘ T h i n k i n g U n b o x e d ’ , alludes to the innovation that is ingrained in Keppel Land’s culture, as well as its commitment to deliver the highest form of design, function and enjoyment. It reflects the company’s

dedication to constantly think and see things from a different angle, as it continues to create live-work-play environments of enduring value for the community.

While the launch campaign featured Keppel Land’s award-winning properties in Singapore, its latest campaign, unvei led on 19 October 2015, took a different approach by featuring Keppel Land’s customers as its brand ambassadors.

The brand ambassadors for Keppel Land’s properties are Michael von Schlippe, President of Indochine Media for Reflections at Keppel Bay; Roy Teo, acclaimed Singapore-based interior designer and founder of The Mill Group of Companies for Marina Bay Financial Centre, and BNP Paribas providing endorsement for Ocean Financial Centre.

The three videos can be viewed on Keppel Land’s official YouTube channel, w w w . y o u t u b e . c o m /

keppel landl ive, as wel l a s on Facebook . com/k e p p e l l a n d l i v e a n d @ k e p p e l l a n d l i v e f o r Instagram and Twitter. keppelite

Scan to explore

100% work. 100% play. Equals a life like no other.

Now that’s ‘Thinking Unboxed’.

Roy Teo, Founder of The Mill Group of Companies, works with homes for a living. So he was pleasantly surprised when he found a home that works for

his life. Strategically located at Marina Bay Residences, his home enjoys a seamless connection to Marina Bay Financial Centre and Marina Bay Link Mall.

Enabling Roy to go from client meetings to fine dining to unwinding at home in minutes. It’s all part of exploring a life unlike any other because at

Keppel Land, we are committed to delivering thoughtful innovations that allow you to experience the extra in the ordinary. www.keppelland.com

Roy Teo lives atMarina Bay Residences.

Most Sustainable Corporations in the World

Ranked 4th. 1st in Asia. 1st in Real Estate worldwide.

OUR ACCOLADES:

Joycelin Huang worksat BNP Paribas inOcean Financial Centre.

Designed for business. Created for people. Optimising one to work with the other.


Scan to explore

Joycelin Huang, Relationship Manager in Commodity Finance at BNP Paribas, knows that businesses are built on people. That’s why she appreciates the way

Ocean Financial Centre pays attention to both her company and its employees. Energy-efficient features such as regenerative lift systems and LED lighting reduce

operating costs, while air purification and monitoring systems provide Joycelin and her colleagues with a fresh work environment. Offices that make it easy to work hard are

just an example of how we at Keppel Land are committed to delivering thoughtful innovations that allow you to experience the extra in the ordinary. www.keppelland.com



OUR ACCOLADES: OUR TENANT:

Curved is ordinary. Functional is ordinary. Curved and functional:


Michael von Schlippe, the President of Indochine Media, is no stranger to the finer things in life. One of many reasons why he truly feels at home in

the sophisticated Reflections at Keppel Bay. Ingeniously engineered to combine style with functional spaces, the futuristic curves of the towers

impress from the outside without compromising the spatial design on the inside. Exactly what we at Keppel Land had in mind right from the beginning,

because we are committed to delivering thoughtful innovations that allow you to experience the extra in the ordinary. www.keppelland.com

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Michael von Schlippe lives atReflections at Keppel Bay.



OUR ACCOLADES:

Keppel Land’s current campaign features customers as brand ambassadors



Keppel Logistics was the inaugural recipient of the 2015 ASEAN Transport and Logistics Award (ATLAS) in the ‘Best Freight Forwarder (Land), Singapore category’ on 2 October 2015.

Mr Ooi Choon Peen, GM of Keppel Logistics Malaysia, received the award on behalf of the company at a ceremony at Sunway Resort Hotel, Kuala Lumpur, Malaysia.

He said, “We are pleased to receive the inaugural ATLAS award 2015. It is a testament

to Keppel Logistics’ excellent performance in the region and the close partnerships that we have established with our customers.”

Organised by the Centre for ASEAN Logistics Studies, the awards aim to recognise the important contributions of Southeast Asian logistics players to the region’s growth. Logistics provides the backbone in the supply chain, and is recognised as key to spur trade, facilitate business efficiencies and economic growth. keppelite

Best freight forwarder

(From L-R) Mr Ooi Choon Peen, GM for Keppel Logistics Malaysia, received the inaugural award from Y.BHG. Datuk Wira Jalilah Baba, Chairman of the Centre for ASEAN Logistics Studies and Mr Chua Kok Ching, Deputy Secretary General (Management), Ministry of Transport, Malaysia

Management and project teams from N-KOM and GDI celebrating the safety milestone of two million safe man-hours without lost-time incidients with key contractors working on the liftboat project

N-KOM’s newbuild liftboat project has achieved a safety milestone of two million safe man-hours without lost-time incidents.

T h e s h i p y a r d , w h i c h is a subsidiary of Keppel Offshore & Marine in Qatar, is currently constructing the self-propelled and self-elevating liftboat for its long-time client, Gulf Drilling International (GDI).

For its excellent performance in safety, N-KOM was awarded a US$10,000 bonus by GDI.

Peak performance

N-KOM also presented certificates of appreciation to key contractors to recognise

their contributions and commitment to safety on the liftboat project. keppelite



Smooth executionEven as Keppel AmFELS bustles with activity, safety remains a key focus at the yard. The yard celebrated p r o g r e s s m i l e s t o n e s with impress ive safety achievements in the month of September.

DOUBLE MILESTONE FOR UXPANAPAT h e f i f t h j a c k u p r i g that Keppel AmFELS is constructing for Perforadora Central, Uxpanapa, reached a double milestone on 22 September 2015. Its hull was successfully launched into the sea and it also celebrated two million man-

hours worked without lost-time incidents. In recognition of the yard’s achievement, P e r f o r a d o r a C e n t r a l presented the project team with a plaque and safety bonus of US $30,000.

Mr Ricardo Cortinas, Vice President, Offshore Drilling Operations, Central Panuco (Perforadora Central) said, “It is always very exciting to see the successful launching of a rig. Central Panuco is very pleased with the on-time production schedule of Uxpanapa and would like to congratulate the dedicated employees at Keppel AmFELS

for achieving two million man-hours without any lost time incidents.”

SAFETY ONBOARD P209In another demonstration o f K e p p e l A m F E L S ’ commitment to safety and qua l i t y, the ya rd accomplished one million man-hours with zero lost-t ime inc idents on the construction of the P209 pro ject . The customer congratulated the team on a great safety performance and project execut ion. As an appreciation and incentive to the teams, the customer presented them

The project teams from Keppel AmFELS and Perforadora Central, including Mr Simon Lee (front row, third from left), President, Keppel AmFELS and Mr Patricio Alvarez Morphy Camou (front row, fifth from left), General Director, Perforadora Central, celebrate another winning partnership

with a plaque of recognition and a slew of rewards in September 2015.

The implementation of a number of new safety ideas and practices on the P209 project were generated in consultation with the customer and resulted in improved safety awareness among the project team.

NOBLE DELIVERYAnothe r p ro j e c t w i th a perfect safety record is the on-time delivery of the semisubmersible rig Noble Paul Romano, to repeat customer, Noble, on 19 September, 2015.

The rig, which arrived on 1 May 2015, was at the yard for repairs and upgrading works . I t was moored alongside a second project in the yard for Noble, the semisubmersible Noble Jim Thompson.

Keppel AmFELS’ unwavering commitment to safety was further reinforced in a recent cross-business unit safety audit exercise conducted by Keppel FELS and Keppel Verolme’s HSE teams from 27 September to 4 October. The audit also provide the opportunity for business units and teams across Keppel’s yards globally to exchange ideas on best practices and processes. keppelite

Keppel AmFELS received strong customer commendation on the excellent progress and safety achievement of the P209 project



On the groundAs part of its efforts to align safety processes across the company, Keppel Land’s Board Safety Committee (BSC) conducts regular site visits to the company’s various projects under construction across the region.

On 22 September 2015, led by its Chairman Mr Tan Yam Pin, the BSC visited the worksite of Corals at Keppel Bay, Keppel Land’s upcoming luxury waterfront development in Singapore.

T h e g ro u p i n s p e c t e d safety processes at the worksite together with a

representative from Woh Hup, the main contractor for the project, who shared with

the group the best practices adopted by workers onsite. keppelite

Keppel Land’s Board Safety Committee carries out regular visits to the company’s project sites across the region to align safety practices

Winning innovationsThe 18th Workplace Safety & Health (WSH) Innovation Convent ion o rgan i sed by the Assoc ia t ion of Singapore Marine Industries (ASMI) on 16 September 2015 saw two teams from

Keppel Singmarine and a team from Keppel Shipyard bag the Gold, Silver and Bronze awards respectively.

The project that won Keppel Singmarine the Gold award

was ‘M igh t y Hammer Ar res tor ’ . By secur ing hammers with galvanised sheets, it sought to reduce i n c i d e n c e s o f ‘ f l y i n g hammer heads’, which are hammer heads dislodged

from their wooden handles as a result of wear and tear.

Team leader Choo J in Fu, Plant & Maintenance E n g i n e e r a t K e p p e l Singmarine, shared, “With just a simple tweak, our innovation has created a safer working environment, especially for Keppelites working onboard vessels where hammering activities are conducted at height.”

Teams ‘Secure Stat ion’ from Keppel Singmarine and ‘BMT’ from Keppel Shipyard won the Silver and Bronze awards respectively. keppeliteMr Chow Yew Yuen (centre, with jacket), CEO of Keppel Offshore & Marine, celebrated with the jubilant award winners from Keppel Shipyard

and Keppel Singmarine at the annual WSH Innovation Convention organised by ASMI



Seizing opportunities in Latin AmericaDespite challenges faced by some cities in Latin America, long te rm inves tment opportunities in the region remain. Several countries have implemented energy reforms which, coupled with further developments in infrastructure, will be needed

to support growth in the region and a rising middle class that has doubled to 30% of the total Latin American population in the last decade.

This was the consensus by business leaders and

policymakers at the Latin Asia Business Forum held on 16 October 2015, where Keppel was a strategic sponsor.

Mr Michael Chia, MD, Marine & Technology, Keppel Offshore & Marine, was a panelist for the discussion “Will oil fuel the Latin-Asia relationship for the long haul?”.

He shared, “Latin America has an abundance of oil and gas, and despite the current low oil price, it is still looking to increase its production in order to meet targets. Having delivered a significant number of projects to the region, we

Strategic insightsThe World Bank-Singapore In f ras t ruc ture F inance Summit 2015 recently took place on 20 October 2015.

Mr Patrick Kong, CFO of Keppel Infrastructure (KI), represented Keppel as a panellist on a panel discussion entitled “Financing Strategies for State-Owned Entities and Private Developers”. Mr Kong revealed insights on how KI assesses potential investments in new markets.

He shared, “Keppel always makes a holistic assessment before enter ing a new market.

“We determine how the project fits into the country’s overall vision and whether it will be viable, sustainable and profitable going forward.”

He continued, “We also take into consideration the long-term vision of the government and how this

translates into policies and regulations on the ground, whether investors and suppliers get paid, as well as independent assessments by credit rating agencies.”

Mr Kong also touched on how Keppel Infrastructure Trust (KIT) functions as a vehicle to monetise the group’s infrastructure assets and recycle capital, as well as KIT’s plans to grow beyond Singapore.

On the question of whether the KIT model is replicable outs ide of S ingapore , he added that there first needs to be a fundamental framework in place, including a supportive government, transparent stock exchange and conducive tax policies. keppelite

have a good understanding of the market and believe that many opportunities for Singapore companies remain. Keppel, with our expertise in offshore rigs, floating p roduct ion p la t fo rms , Floating Production Storage and Offloading units (FPSOs), vessels and equipment is well positioned to service this growing market.”

The biennial Latin Asia Bus iness Forum br ings together bus iness and government leaders to d i s cu s s oppo r tun i t i e s for partnership in trade and investments, providing a platform to share market e x p e r i e n c e s , i n s i g h t s and expertise. keppelite

Keppel was a host of the Latin Asia Business Forum and networking reception, and met up with partners, friends and customers. Mr Michael Chia (third from left), participated on a panel of industry experts providing insights into the Latin American oil and gas market



Strengthening Tianjin tiesSeveral agreements were inked between Singapore and China to broaden and deepen their partnership in the Sino-Singapore Tianjin Eco-City (Sino-Singapore Eco-City).

MEETING OF MINDSThe 12th China-Singapore Joint Council for Bilateral C o o p e r a t i o n ( J C B C ) meeting, as well as the eighth T ianj in Eco-City Jo int Steer ing Counci l (JSC) Meeting were both recently held in Singapore on 13 October 2015. The high-level political platform was co-chaired by Singapore’s Deputy Prime Minister and Coordinating Minister for National Security, Mr Teo Chee Hean and China’s Vice Premier Mr Zhang Gaoli.

BOOSTING RMB TRADEAt the JCBC meet ing, Singapore and China agreed on new initiatives which

would broaden the cross-border Renminbi (RMB) channels between the two countries.

During the meeting, it was announced that the existing cross-border RMB initiatives between Singapore and China-Singapore Suzhou Industrial Park (SIP) as well as the Sino-Singapore Eco-City would be expanded to beyond the two projects to the rest of Suzhou and Tianjin. The move would not only give more financing options to corporations and businesses in those cities, but also provide financial institutions and investors in Singapore additional avenues

to deploy their growing RMB liquidity in Singapore.

In addit ion, qual i fy ing privately-owned banks in the Sino-Singapore Eco-City would be allowed to borrow from Singapore-based banks. This would lend support to the development of privately-owned banks in the city and allow such banks in the city to establish commercial relationships with banks in Singapore.

These developments follow an announcement made during the previous JCBC meeting held in October 2013, where measures allowing cross-border flows

of RMB for SIP and the Sino-Singapore Eco-City were inked, thus encouraging the two important bilateral projects to play a bigger role in pilot cross-border RMB operations.

RENEWING RELATIONSThe Keppel Group took the opportunity to renew its friendly ties with Tianjin when government leaders visited Singapore for the JSC meeting in October 2015.

To thank Tianjin leaders and partners for the i r continued support over the past seven years, Chairman of Keppel Corporation, Dr Lee Boon Yang, CEO

Witnessed by Chinese Vice Premier Mr Zhang Gaoli (left, second row) and Singapore’s Deputy Prime Minister Mr Teo Chee Hean (right, second row), Minister of MOHURD Mr Chen Zhenggao (left, front row) and Singapore’s Minister of National Development Mr Lawrence Wong (right, front row) inked the memorandum of understanding to expedite the implementation of four projects in the Sino-Singapore Eco-City



Showcase in the Sino-Singapore Eco-City

of Keppel Corporation, Mr Loh Chin Hua, CFO of Keppel Corporation, Mr Chan Hon Chew and senior management across the Group hosted a dinner for Tianjin’s Vice Mayor, Mr Yin Hailin, Tianjin Binhai New Area (TBNA) Head, Mr Zhang Yong, ECAC Chairman, Mr Xu Datong, TECID Chairman, Mr Meng Qun and representatives from the Tianjin Municipal Government and ECAC on 13 October 2015.

ECO-COLLABORATIONSAfter the JCBC and JSC meetings, China’s Ministry of Housing and Urban-Rural Development (MOHURD) and Singapore’s Ministry of National Development (MND) inked a memorandum of understanding to expedite t h e i m p l e m e n t a t i o n of four projects in the Sino-Singapore Eco-City, inc lud ing a p rototype city for water resources management, smart city deve lopment , a green building demonstration base and a garden project.

To showcase Keppel’s technological expertise a n d c a p a b i l i t i e s t o potential business partners and customers in China, the Keppel Group i s developing a showroom in the Sino-Singapore Eco-City. Leveraging interactive

media, models of iconic projects, videos and panel displays, the showroom will allow visitors to gain an in-depth understanding of Keppel’s businesses in the offshore and marine, property and infrastructure sectors.

The projects are part of the three-year work plan to prepare for the city’s 10th anniversary in 2018.

Both countries, with a wealth of successful experience in urban planning, construction and management to draw from, will allow the Sino-Singapore Eco-City to trial, implement and showcase models of susta inab le development through the four projects. For instance, the prototype city for water resources management would serve as a testbed for improving urban water environment and water security while the smart city development project wi l l a l low for bi lateral cooperat ion in severa l areas, including construction planning as well as capacity development in information technology.

The efforts in constructing a g r e e n b u i l d i n g demonstration base will help the Sino-Singapore Eco-City in achieving its g o a l o f 1 0 0 % g re e n

(From left to right) ECAC Chairman Mr Xu Datong, TBNA Head Mr Zhang Yong, Keppel Corporation Chairman Dr Lee Boon Yang, Tianjin Vice Mayor Mr Yin Hailin, Keppel Corporation CEO Mr Loh Chin Hua, TECID Chairman Mr Meng Qun and Mr Liew Choon Boon, CEO of Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd, renewed friendly ties over a dinner hosted by Keppel for the Tianjin delegation on 13 October 2015

buildings. Both sides also agreed to collaborate in the planning and design of the garden project, which will

incorporate innovative ideas from Singapore.

In addition, the Eco-City Administrative Committee (ECAC) and Tianjin Eco-City Investment & Development Co., Ltd. (TECID) inked a g r e e m e n t s w i t h Singapore’s National Library Board, Singapore Food Manufacturers’ Association as well as the Bank of China (Singapore branch) for the development of a library and commodity city, as well as the provision of financial s u p p o r t i n t h e S i n o -Singapore Eco-City.keppelite



Mitigating risksIn today’s volatile climate where uncertainties present themse l ves in va r ious forms, Keppel reinforces the importance of good risk management, having in place robust systems and astute processes to ensure its businesses stand ready in the face of any challenge.

COUNTERING HAZEAs a countermeasure to the recurrent haze over the last few years, a comprehensive b u s i n e s s c o n t i n u i t y management (BCM) plan for the Group was developed in 2013. The resurgence of the haze in September 2015 saw these plans being implemented expeditiously by the business units.

B e s i d e s i n t r o d u c i n g safeguards for susceptible employees, especially those

with chronic lung and heart diseases, the pregnant and elderly, business units have also implemented measures for staff involved in outdoor work, such as additional indoor rest breaks, provision of N95 masks, and a pause on crane lifting, vessel and vehicle operations during poor visibility conditions. Some staff have also been redeployed indoors amid an overal l reduction in non-essent ia l outdoor activities.

In addition, carbon filters have been installed within air-conditioning units in off i ces , bu i ld ings and plants to reduce pollutant levels. The frequency of a i r - c o n d i t i o n i n g ma in tenance has a l so been increased, and some

building entrances have been shut to reduce the flow of pollutants indoors.

A n o n g o i n g i m p a c t assessment of the haze and the effects of increased amounts of air pollutants and dust particles on productivity, business operations and equipment efficiency is also being carried out.

Regular updates on the haze s i tuat ion and PSI levels to employees are maintained through email alerts, announcements, and toolbox meetings.

EFFECTIVE RESPONSEKeppel Infrastructure Fund M a n a g e m e n t ( K I F M ) , the trustee-manager of Keppel Infrastructure Trust, organised a full-day crisis communications training

for key appointment holders on 2 October 2015.

Held at Keppel Leadership Institute, the training was divided into two segments – the first was a seminar exploring common issues that companies face during crises and the importance of effective communication w i t h s t a k e h o l d e r s , and the second was an on-camera exercise that offered the opportunity to hone interview skills in preparation for a variety of likely crisis scenarios.

KIFM Senior Investment Manager Jacqueline Ong and Senior Asset Manager Marc Liu, both previously from CitySpring Infrastructure Management , a s we l l as City Gas Acting CEO Mr Teo Kwan Hai and Head

Key appointment holders at Keppel Infrastructure Fund Management underwent a crisis communications training on 2 October 2015



of Finance Mr Christopher Tan we re among the participants.

CRISIS READYR e p re s e n t a t i v e s f ro m Keppel Merlimau Cogen ( K M C ) a n d K e p p e l C o r p o r a t i o n ’s G r o u p Corporate Communications department participated in the Energy Market Authority’s (EMA) crisis preparedness drill, Exercise Jaguar, on 16 October 2015.

T h e a n n u a l t a b l e t o p exercise aims to simulate var ious cr is is scenarios and al low participating organisations, including E M A , E n e r g y M a r k e t Company, Singapore Power and Singapore-based power generation companies, to coordinate, validate and

refine their response and recovery plans.

During the exercise, the Emergency Management Team at EMA in jected 12 different scenarios in q u i c k s u c c e s s i o n t o e l i c i t re sponse s f rom t h e o p e r a t i o n s a n d communications teams of the power companies and energy service providers.

MANAGING MERS Keppel is well-equipped to combat the potential th reat of Midd le Eas t Resp i r a to r y Syndrome (MERS) in Singapore, in the light of confirmed cases that neighbouring countries had reported earlier this year.

Under the direction of Keppel Offshore & Marine’s (Keppel

O&M) BCM committee, MERS task forces have been set up in each of Keppel O&M’s business units to review existing plans and conduct exercises over the past few months.

A combined table top exerc i se by a l l Keppel O&M’s Singapore business un i t s was car r ied out on 14 September and 9 October 2015.

Keppel Housing, which accommodates over 9,800 workers across four lodges, conducted an exerc ise on 26 August 2015 with temperature checks at all entry and exit points. In addition, quarantine actions and contact tracing were carried out for selected personnel.

Keppel Housing’s Acacia Lodge conducting the MERS exercise which includes temperature screening for all workers entering the lodge

The sessions, which helped align practices, coordinate efforts and create a platform to share experiences, were at tended by the BCM steering committees and chaired by CEO of Keppel O&M, Mr Chow Yew Yuen, together with the respective heads of the business units. Keppel Shipyard and Keppel FELS conducted their own table top exercises separately. keppelite


22 Special Focus

Touching lives through art educationThe Keppel Centre for Art Education was established with a $12 million contribution from Keppel Corporation, with the aim of nurturing generations of creative and critical thinkers through art education.

On 1 October 2015, Keppel’s board directors and senior management got a sneak preview of the Centre, which officially opens as part of the National Gallery Singapore on 24 November 2015. Admission to the Centre and the Gallery is free for Singaporeans and permanent residents.

Chairman of Keppel Corporation Dr Lee Boon Yang (fourth from left), CEO of Keppel Corporation Mr Loh Chin Hua (second from right), CEO of National Gallery Singapore Ms Chong Siak Ching (second from left) and artist Milenko Prvacki (fifth from left) watch on as young visitors at the Keppel Centre for Art Education engage in hands-on activities and programmes that stimulate their curiosity, imagination and interest in the arts

Based on the belief that every person is born creative, the Keppel Centre for Art Education (the Centre), a dedicated facility in the National Gallery Singapore (the Gallery), will offer an exciting line-up of museum programmes and activities

for a projected 250,000 children, youths and families annually.

The Gallery is Singapore’s newest visual arts institution housed in the refurbished former Supreme Court and City Hall buildings. The

Centre is located on the ground floor of the City Hall wing, easily accessible from the Gallery’s Coleman Street entrance.

As a Founding Partner of the Gallery, Keppel contributed $12 million to establish the

Centre, which will be the first of its kind in the region. The Centre comprises four distinct art spaces – the Art Corridor, Art Playscape, Project Gallery and Children’s Museum – where young visitors can create their own artworks, discover new

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Keppel Volunteers and primary school students were invited to trial the spaces at the Keppel Centre for Art Education prior to the official opening. The volunteers have been trained under the Gallery’s ‘Best Friends of the Gallery’ programme to facilitate activities for young visitors

ideas, interact and learn through play.

Led by Keppel Corporation Chairman Dr Lee Boon Yang, board directors and management from across the Group enjoyed a sneak preview of the Centre on 1 October 2015. Speaking at the preview event, Dr Lee said, “At Keppel, we adopt a long term view to nurture communit ies. We have supported many arts groups and programmes over the years as we believe that the arts and culture have an important place in everyone’s lives. In supporting the arts, we promote avenues for expression and enrich the lives of Singaporeans.

“Keppel’s vision is to shape the future for the benefit of all our stakeholders. T h e N a t i o n a l G a l l e r y S ingapore and Keppe l are therefore united in our goal of engaging the young through the Keppel Centre for Art Education. By stimulating imagination and encouraging the exchange o f i d e a s , t h e C e n t re will nurture and inspire generations of creative and critical thinkers.”

Keppel’s board directors and management were led on a tour of the Centre by National Gallery Singapore CEO Ms Chong Siak Ching. “Whenever I walk through the spaces – whether it is the Children’s Museum or the Project Workshop, I feel transported back in time

to my childhood days! The artists’ works open one’s mind to explore and consider the multitude of possibilities of any one subject or theme.

“The purpose-built Keppel Centre for Art Education is the region’s first art education facility specially designed to expose young visitors to the arts. It will help broaden their understanding and appreciation of the creative possibilities in our world, making art not only enjoyable and comprehensible, but a part of our daily lives.”

This sense of wonder was shared by the pr imary school students and Keppel Vo lun tee r s who were invited to trial the spaces on 1 October 2015. Trained

as part of the Gallery’s ‘Best Friends of the Gallery’ programme, the Keppel Volunteers facilitated the activities for the students from Park View Primary S choo l and Tamp ine s North Primary School. The volunteers will continue to support the Centre when it opens to the public.

One of the volunteers, Ng Shi Yun, a Keppel FELS Project Manager, shared, “It was fun doing art and craft with the primary school children, and seeing them use simple materials – such as string, cloth, straws and buttons – in very inventive ways. Speaking as a mother of two young kids, I’m sure many young ones will love the spaces at the Centre, which will allow

them to discover fun ways of interacting with art.”

Ref lect ing on Keppel ’s partnership with the Gallery, K e p p e l C o r p o r a t i o n ’s Director of Group Corporate Affairs Ms Wang Look Fung noted, “When we were approached by the Gallery, we were thrilled with the opportunity to support a cause which we believe has a sustainable impact in promoting the exchange of ideas and fostering creativity and expression.

“The Gallery and Keppel are likeminded in our goal to grow the arts audience and make art more accessible to everyone.” keppelite

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24 Special Focus

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Key spaces at the Keppel Centre for Art EducationThe Keppel Centre for Art Education comprises four key spaces, each featuring art commissions that are purposefully designed to stimulate the imagination of younger audiences. For the inaugural 2015 to 2016 instalment, the Gallery invited four artists to develop thought-provoking interpretations of the theme of “home”.

ART CORRIDOR‘ Vo y a g e ’ b y a r t i s t Twardzik-Ching Chor Leng is a large-scale, colourful puzzle artwork inspired by Singapore’s waterways. Acrylic sheets of different colours were layered to create a topographical relief.

Visitors can interact with the artwork by sliding acrylic chips along the maze of pathways, learning about the interplay of colours, patterns and rhythms while finding the shortest and longest routes to complete the puzzle.

ART PLAYSCAPE‘ A d v e n t u re s o f t h e Enchanted Forest ’ i s a f a n t a s t i c a l w o r l d created by artist Sandra Lee where visitors can explore a beautiful forest w i th a mag ica l t ree house and labyr inth. Visitors will encounter animal characters who are lost and need help to find their way home. Through adventure trails, visitors uncover hidden stories, mysteries and surprises. In creating this storybook world, Lee drew inspiration from the flora, fauna and motifs in Southeast Asian art.

‘Voyage’ by artist Twardzik-Ching Chor Leng at the Art Corridor (Photo courtesy of National Gallery Singapore)

‘Adventures of the Enchanted Forest’ by artist Sandra Lee at the Art Playscape (Photo courtesy of National Gallery Singapore)

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‘Home-a-Sapiens’ by artist Tan Wee Lit at the Project Gallery

PROJECT GALLERY Artist Tan Wee Lit’s ‘Home-a-Sapiens’ inspires visitors to imagine and design their own homes of the future, while considering the innovative adaptations that can be made to our living arrangements to protect our natural environment. Through a variety of hands-on activities, visitors can create their own responses, which they are then welcome to display in the Project Gallery.

CHILDREN’S MUSEUMMilenko Prvacki’s ‘Visual Dictionary’ recreates his own studio environment, allowing visitors to gain insight into the Cultural Medal l ion winner’s creative process.

T h ro u g h e x p e r i e n t i a l learning and role-play, young visitors will learn to select artworks, write labels and conduct exhibition tours for their peers. Visitors can

‘Visual Dictionary’ by artist Milenko Prvacki at the Children’s Museum (Photo courtesy of National Gallery Singapore)

correspond directly with the artist by leaving a postcard in a special mailbox.

As Milenko puts it, what is important is “for kids…to play, to use any method, to use any material and put them together, create art

and enjoy. I always tell them, there is no good or bad art. All art is good for you.”

SPECIAL DISPLAYSAs part of its special display programme, the Centre features works by two artists, a panoramic cityscape

of Singapore by world-renowned British artist a n d a u t i s t i c s a v a n t Stephen Wiltshire, and a landscape of Woodlands rec rea ted w i th c l ay, p last ic ine and st icky foam by 13-year-o ld Singaporean Xandyr Quek.



Spurring Innovations

Creative evolutionTo encourage a culture of innovation and process e x c e l l e n c e , K e p p e l Infrastructure first launched its Pi Movement initiative on 2 January 2014. The ongoing initiative provides a platform for employees to showcase their ideas through innovative projects. The inaugural edition culminated in an awards ceremony on 28 August 2015 in conjunction with Keppel Infrastructure’s dinner and dance, where nine top teams were recognised for efforts in improving business processes, work methods, products and services. Keppelite showcases two of the Gold+ Pi Award winning projects below.

KEPPEL MERLIMAU COGENOne of the innovat ion projects that garnered the highest Gold+ Pi Award was ‘Automatic Blowdown Control’, a project by a team from Keppel Merlimau Cogen (KMC).

Under normal operating conditions, the quality of water used to generate steam for the steam turbines at the KMC plant has to be maintained at a certain level. To achieve this, a portion of the water is deliberately discarded – a process known as ‘blowdown’.

Minimising blowdown rates reduces the consumption of raw water and chemicals, the cost of treating used water, and also improves plant efficiency from reduced heat loss in the water-to-steam cycle.

Previously, the blowdown rate was controlled using manual valves and based on daily analyses of the water chemistry by maintenance staff, which may lack precision. In response, the team introduced the ‘Automatic Blowdown Control’ fully automated system which measures the water chemistry and computes the precise amount of water that should be discarded.

Since its implementation, the innovation has minimised water losses at the plant, and yielded savings in operating costs and improved operational efficiency.

DOMESTIC SOLID WASTE MANAGEMENT CENTREAnother project that won a Gold+ Pi Award was ‘Sand Storm Rider’ by a team from the Domestic Solid Waste Management Centre (DSWMC) in Qatar.

Steam produced by boilers at DSWMC Waste-to-Energy

Plant (WTEP) drives a turbine to generate electricity. After passing through the turbine, the steam condenses as it flows through cooling f ins of the Air Cooled Condenser (ACC) before being recirculated back to the boiler as feedwater.

Over time, performance of the ACC is affected by accumulation of dust and sand on its cooling fins and has to be cleaned regularly. The previous practice of manually cleaning the fins using a hand-held lance is labour intensive and time consuming.

Since the introduction of the mechanised skid, the cleaning process for the Domestic Solid Waste Management Centre’s Air Cooled Condenser is a lot more efficient and effective

To boost the efficacy of the cleaning process, the team designed a mechanised cleaning skid that reduces manpower requirements by more than 10 times and quadruples the efficacy.

Project team leader William Solomon, Manager (WTEP Operations) of DSWMC, shared, “Through th is innovation, waste throughput at the plant has been boosted by more than 6,000 tonnes per year. The new cleaning system also helps us substantially el iminate manual work activities, thereby reducing safety risks.” keppelite



Bridging insightsK e p p e l c o n t i n u a l l y e n g a g e s i n v e s t o r s , industry stakeholders and governments to showcase the Group’s commitment and efforts in growing its overseas operations.

LOGISTICAL LEARNINGS IN CHINAIn end-September 2015,

PineBridge Investments and Barclays Bank visited Keppel Logistics Foshan, bringing back fresh learnings about Keppel’s Chinese logistics business.

The half-day trip to Keppel Logistics Foshan featured site tours to Lanshi Port and Nanhai Distribution Centre

where investors had the chance to inspect Lanshi Port’s integrated services from import/export port operat ions to customs inspection and declaration, as well as the Very Narrow Aisle (VNA) Racking System served by busy movers and trucks in Nanhai Distribution Centre.

The visit was rounded off with a robust discussion w i t h C E O o f K e p p e l Te lecommunicat ions & Transportation (Keppel T&T), Mr Thomas Pang, CEO of Keppel T&T China Business Unit Mr Vincent Ko, and the team from Keppel Logistics Foshan. Investors left the trip impressed with the valuable insights gained on Keppel Logistics’ operations in China.

Investors gained valuable insights on Keppel Logistics’ operations in China during a site visit to Lanshi Port and Nanhai Distribution Centre

ENGAGEMENT IN BRAZILOn 18 September 2015, BrasFELS hosted a visiting delegation led by the Vice President of the Congressional Financial Inspection and Control Committee (CFFC), Congres sman Va l ten i r Pereira. The CFFC is a government body which researches and reports on national fiscal and economic issues. One of its areas of study is the challenges facing Brazil’s offshore and marine industry.

Du r i ng the v i s i t , t he delegation was briefed on BrasFELS’ operations and projects as well as its people development and corporate s o c i a l r e s p o n s i b i l i t y programmes.

C o n g re s s m a n P e re i r a and other members of the delegation such as Congressman Luiz Sergio and Congressman Fernando Jordão spoke posit ively about BrasFELS, recognising the shipyard’s significant contributions to Brazil’s shipbuilding, naval and offshore as well as oil and gas industries.

Government officials of Angra dos Reis present in the delegation expressed similar sentiments, and stressed the importance of BrasFELS’ contribution to the economy and community. keppelite

BrasFELS hosted a delegation from the Financial Control and Inspection Committee on 18 September 2015



Mr Chor How Jat (standing, seventh from left), MD, Keppel Shipyard, hosted the delegation from Shell, led by Ms Goh Swee Chen (standing, eighth from left), Chairperson, Shell Singapore, in a tour around Keppel Safety Training Centre where they exchanged safety best practices

On stream and online

Keppel Gas, a wholly owned subsidiary of Keppel Infrastructure, unveiled a brand new standalone website, www.keppelgas.com, in early September 2015 to boost its online presence as a licensed gas importer, shipper and retailer in Singapore’s restructured open gas market. Reaching out to digitally savvy industrial and retail consumers, the new website features information on its offerings, including technical capabilities, flexibilities and contract structure, as well as the company’s supply portfolio

Sharing safety best practicesTo continually raise safety standards across its yards and share best practices with the industry, Keppel Offshore & Marine (Keppel O&M) hosted a visit by Shell Singapore on 23 September 2015.

Besides a cross-sharing on key safety initiatives from both parties, the delegation from Shell was also taken on a tour around Keppel’s integrated safety training facility, the Keppel Safety Training Centre, where they were introduced to the different programmes which Keppel O&M uses to train its multinational workforce.

Mr Yong Chee Min, Director

(HSE & Special Projects), Keppel O&M, shared, “These regular sharing sessions allow us to learn from one

another’s best practices and at the same time, refine our processes to build a robust safety culture at the

workplace where everyone looks out for each other.” keppelite



Strong partnershipsON BOARD FOR SAFETYWith a sizeable fleet of prime movers and trucks in its logistics operations, Keppel Logistics is committed to promoting higher safety standards by continually engaging its subcontractors and the community.

Th rough Keppe l Ca re Foundation, Keppel Logistics made a $10,000 donation to the Singapore Road Safety Council (SRSC) at a gala dinner on 4 September 2015. M r D e s m o n d B o o ,

GM, Keppe l Log i s t i c s S ingapore , rece i ved a token of appreciation from Mr Bernard Tay, Chairman of SRSC and Mr Lui Tuck Yew, then Minister for Transport and Second Minister for Defence. SRSC is a non-profit organization that aims to improve safety standards on Singapore roads by inculcating good safety practices among road users.

Earlier in July this year, Keppel Logistics also rolled out a set of road safety

standards for its managed vehicles across its operations. It plans to progressively implement these safety standards to its transport subcontractors.

STRENGTHENING NETWORKSF r o m c u s t o m e r s t o subcontractors, Keppel FELS actively engages its different stakeholders to forge closer ties with them.

T h e a n n u a l K e p p e l F E L S S u b c o n t r a c t o r s ’

Night celebrated its 12th anniversary with more than 150 attendees, including senior management and employees of Keppel FELS, as well as subcontractors, mingling over a sumptuous spread of food and drinks during the Hawaiian-themed dinner on 12 October 2015.

During his opening address, Mr Chow Yew Yuen, CEO, Keppel Offshore & Marine, sa id, “Over the years , our yards have formed a strong partnership with our subcontractors – one that is based on mutual support and understanding. Such unique relationships should not be taken for granted. These s t rong ties have allowed us to maintain smooth and safe working processes in our yards and enabled us to meet our deliveries safety on time and on budget.”

In recognit ion of their valued partnership over the years, 11 subcontractors were presented the ‘10-year Partnership Award’ and three recipients received the ‘20-year Partnership Award’. Mectrade Engineering who has worked with Keppel FELS for four decades received the ‘40-year Partnership Award’. Four subcontractors also received Health, Safety and Excellence awards for their robust safety management frameworks. keppelitet

Keppel FELS senior management led by Mr Chow Yew Yuen (front row, fifth from right), CEO, Keppel O&M and Mr Wong Kok Seng (front row, third from right), MD of Keppel O&M (Offshore) and Keppel FELS, celebrated long-term partnerships with award winners at the Keppel FELS Subcontractors’ Night on 12 October 2015

For Keppel Logistics’ contributions to enhancing road safety in Singapore, Mr Desmond Boo (middle), GM, Keppel Logistics Singapore, received a token of appreciation from Mr Bernard Tay (left), Chairman of SRSC and Mr Lui Tuck Yew (right), then Minister for Transport and Second Minister for Defence



Fuel for thoughtLike music and art, love of nature is a common language that

can transcend political or social boundaries.

Jimmy Carter

Asia’s first ‘Fish Friendly Marina’I n re c o g n i t i o n o f i t s continued commitment to environmental sustainability, Marina at Keppel Bay (MKB) has been accredited as Asia’s first ‘Fish Friendly Marina’ by the Marina Industries Associat ion (MIA), the top body represent ing the marina industry in the Asia-Pacific. The MIA’s ‘Fish Friendly Marinas’ programme recognises marinas which actively work to improve the habitat of marine life within their waters.

Mr Andrew Chapman, President of the MIA, formally presented the award to Mr Trevor Fong, Head of Marina Management of Keppel Land Hospitality Management and GM of MKB at the MIA Singapore and South East Asia Regional Meeting on 15 September 2015.

The ‘Fish Friendly’ status is an add-on accreditation for marinas with ‘Level 3 Clean

Marina’ accreditation, for which MKB has been twice accredited.

Mr Fong shared, “Through our Ci ty Reef pro ject , an initiative to conserve underwater biodiversity and encourage the appreciation of marine life, MKB is home to a thriving marine community today. We are heartened to be recognised by MIA as the first ‘Fish Friendly Marina’ in Asia. The accreditation is

testament to our continued efforts in nurturing an environmentally-friendly

marina and advocating eco-friendly practices to boat owners.” keppelite

Marina at Keppel Bay, with its clean waters and strong environmental stewardship, is now the first ‘Fish Friendly Marina’ in Asia. Its City Reef project (pictured), helped the marina set the benchmark in eco-friendly marina management. Some of the fish species found in the marina include the Butterflyfish and the Clownfish (inset photos)

Empowering Lives 31


Empowering Lives 31

Educational engagementKeppel regularly hosts visits by educational institutions to its facilities to showcase its industry expertise and nurture the next generation of industry leaders.

LEARNING JOURNEYScho l a r s f rom Ch ina , I n d i a , J a p a n , S o u t h Korea, Singapore and the Southeast Asian region studying in local universities visited Keppel Logistics on 22 September 2015. The visit was part of the Temasek Foundat ion Leadership Enrichment and Regional N e t w o r k i n g ( L E a R N ) Journey programme which aims to provide the Temasek Foundation LEaRN scholars with an overview of the business environment in Singapore and the Temasek group of companies.

The tour took the students around Keppel Logistics’ warehouse facilities such as its cold chain and Automated Storage and Retrieval System warehouses. Through the visit, the students gained a better understanding of Keppel Logistics’ warehouse operat ions and of the logistics industry.

SHOWCASING INDUSTRY EXPERTISESince 2010, the Keppel Group has regularly hosted participants of the Masters inPublic Administration and M anagemen t (MPA M)

p ro g r a m m e f ro m t h e Nat iona l Un ivers i ty of Singapore Lee Kuan Yew School of Public Policy, and shared with them Keppel’s capabilities in various areas, such as offshore and marine, property development and infrastructure.

On 19 October 2015, the Keppel Group hosted 30 participants from the 2015 MPAM programme, c o n s i s t i n g l a r g e l y o f officials from China, on a tour of its key facilities in Singapore. The participants visited Marina at Keppel

Bay, where they were given a presentation on the transformation of the Keppel Bay area, as well as treated to a glimpse of Asia’s first ‘Fish Friendly’ Marina.

The visit rounded off with a visit to Keppel Seghers’ Tuas Was te -To -Ene rgy plant where participants learnt about Keppel’s solid waste treatment capabilities and the operations and maintenance of the plant. keppelite

Mr Ng Yong Seng (first from left), Deputy GM of Business Development, Keppel Seghers, answering questions from the MPAM programme participants on Keppel Seghers Tuas WTE plant

32 Empowering Lives


Sharing of Tianjin experience

Keppe l i s focused on b u i l d i n g s u s t a i n a b l e communities. At the 15th Keppel Young Leaders’ Leadersh ip Ser ies ta lk on 15 Oc tobe r 2015 , Mr Ho Tong Yen, GM o f G r o u p C o r p o r a t e Communications, Keppel C o r p o r a t i o n , s h a r e d h i s e xpe r i ence i n the development of the Sino-S ingapore T ianj in Eco-City (Sino-Singapore Eco-City). Before his current appointment, Mr Ho was CEO of the Sino-Singapore Tianjin Eco-City Investment and Development Co. , Ltd. (SSTEC), the master developer of the city, from 2011 to June 2015.

MEETING THE NEEDS OF AN URBANISING WORLDThe Sino-Singapore Eco-City is a landmark bilateral project between the governments of Singapore and China to develop a pract ical , repl icable and scalable model for sustainable city development.

M a n y b u s i n e s s u n i t s across the Keppel Group are involved in the city’s development, including residential and commercial projects by Keppel Land, Keppe l DHCS’ D i s t r i c t Heating and Cooling Plant, Keppel Telecommunications & Transportation’s Integrated Log i s t i c s D i s t r i bu t i on

Centre, and several joint ventures between Keppel I n f ra s t ruc tu re and i t s Chinese partners, which provide infrastructure and environmental management services.

Starting from barren saline and alkal ine wasteland i n 2 0 0 8 , t h e S i n o -Singapore Eco-City has been transformed into an emerging green city with more than 30,000 residents and 2 ,500 reg i s t e red companies.

The project has received good recognition for its efforts to promote sustainable urbanization and has been named China’s first National G r e e n D e v e l o p m e n t Demonstration Zone.

OVERCOMING CHALLENGESMr Ho noted that there were many challenges which had to be overcome along the way, including the difficulty of bringing the first residents to a Greenfield site, and the property market cooling measures imposed by the Chinese authorities from 2011 to 2014. Despite the difficulties, Keppelites

soldiered on. Over time, the start-up area matured. With the growing range of amenities in the city and progressive relaxation of cooling measures, the city has become an increasingly attractive proposition for residents and companies.

Mr Ho added that the project has helped to strengthen relations between China and Singapore, and put Singapore and Keppel on the “world map of eco-cities”. Keppel’s experience in developing the Sino-Singapore Eco-City has further strengthened its brand advantage and capabilities in sustainable urbanisation.

Mr Ho also shared with the young leaders h i s observations on operating in China, including negotiating wi th Ch inese off i c ia l s and business partners, and the importance of being sensitive to cultural differences. He encouraged young Keppelites to seize opportunities for overseas postings to step out of their comfort zones and expand their horizons. keppelite

Mr Ho Tong Yen, GM of Group Corporate Communications, Keppel Corporation, shared his insights on the development of the Sino-Singapore Eco-City with Keppel Young Leaders

Today, the Sino-Singapore Tianjin Eco-City has transformed into a bustling green city, home to over 30,000 residents

Empowering Lives 33


Public-spirited starIn November 2014, the Embassy of Singapore in Brasilia contacted Mrs Betty Mok, an Administrator at BrasFELS shipyard, for help. A Singaporean had taken ill on a flight, and had been brought to a hospital in Rio de Janeiro for emergency services. The Embassy needed someone, preferably a fellow countryman, to provide him with the necessary support.

The gentle, petite Betty immediately responded. Providing keen attention and care, she was a pillar of support to the patient and his family, during his time in the Rio de Janeiro hospital which lasted for about a month.

During this period, she was also the contact point be tween the Embassy and the patient, providing the Embassy with regular updates on his health status and needs. For her selfless acts, Betty was conferred the PS21 Star Customer Award by M r Te o C h e e H e a n , Singapore’s Deputy Prime Minister (DPM), Coordinating M in i s t e r fo r Na t i ona l Security, and Minister in charge of the Civil Service at this year’s Public Service Awards Ceremony, held on 15 October.

Highlighting Betty in his

speech, DPM Teo said, “She helped the Ministry of Foreign Affairs (MFA) assist a Singaporean who had fallen seriously ill during a long f l ight, and was hospitalised in Rio de Janeiro. The nearest S ingapore Embassy, located in Brasilia, which is about 1,000 km from Rio de Janeiro, reached out to its contacts in the Rio de Janeiro region to see if anyone could provide urgent help. Responding without hesitation to the Embassy’s call was Betty, who, on several occasions, travel led two hours by car to Rio to check on the hospitalised Singaporean’s condition. She also provided

In August 2015, Mrs Betty Mok (second from left) received a letter of appreciation from Ms Chin Siew Fei (third from right), Head of Mission and Chargé d’Affaires of the Embassy, for her invaluable support to the Embassy and care for her fellow Singaporeans

emotional support to the patient’s next-of-kin, and continued to monitor his condit ion unti l he was well enough to return to Singapore.”

The PS21 Star Customer Award recognises members of the public who have made significant and positive contributions to public service delivery.

Congratulating Betty on the award, Ms Chin Siew Fei, Head of Mission and Chargé d’Affaires of the Embassy, said, “Over the past few years, you have been extremely helpful to the Embassy, in particular, i n render ing consu la r assistance to Singaporeans. We sincerely appreciate your help especially since we do not have a presence in Rio. Although you are not an Embassy staff, you have gone out of your way to assist a fellow Singaporean and his family.”

Betty said, “It is an honour to receive this award, and I greatly appreciate DPM Teo’s k ind words and also the encouragement o f C h a r g é d ’ A f f a i r e s Ms Chin. For me, it is a blessing to be able to make a difference and help others. I will continue to do so to the best of my abilities.” keppelite

34 Empowering Lives


Athletes from teams Atlantic, Caspian and Pacific sweat it out in a battle for glory in the Darts, Badminton, Volleyball and Basketball Challenges held in September and October 2015

The final stretchKeppelites from Teams Atlantic, Caspian and Pacific tussled to outplay each other in Darts, Badminton, Basketball and Volleyball in September and October 2015 as the Grand Finale of Keppel Games 2015 draws closer.

Empowering Lives 35


SCORE BOARDAs at 23 October

2015

462Team

Atlantic

685Team

Caspian

303Team Pacific

CLOSE FIGHTThe Keppel Games Darts Challenge took place on 20 September 2015, with all three teams raring to go from the start. The group event was a tightly contested affair, with Team Atlantic 1, Team Pacific 1 and Team Caspian 1 and 2 eventually qualifying for the semi-finals.

In the f i r s t semi - f ina l matchup, Team Atlantic 1 and Team Caspian 1 both edged out their rivals Team Caspian 2 and Team Pacific 1 respectively by a similar margin of 4-1, earning themse lves a p lace in the finals.

In a tense finals face-off, Team Atlantic 1 won three out of five games to emerge Darts Champion with 42 points, while Team Caspian 1 settled for first runner-up with a score of 38 points.

Despite Team Atlantic’s best efforts as Darts Champion, Team Caspian took home the Challenge Trophy with the highest number of competitive points.

SMASHING FINISHZipping around the courts at the Singapore Badminton Hal l on 27 September 2015, Keppelites battled in earnest for victory in the Keppel Games Badminton Challenge.

After a gruelling contest, Team Caspian 2 took home

the coveted Badminton Chal lenge Trophy after beating Team Atlantic 1 with a score of 3-2 in the final. Team Atlantic 1 and Team Pacific 1 finished first and second runners-up respectively.

Chew Mei Yong, Executive Secretary, Keppel FELS, who played for Team Caspian 2, expressed, “It was beyond our expectations to win as we were pitted against very strong opponents. However, I’m glad our weeks of intensive training paid off in the end!”

DRIBBLE DISPLAYChannelling their inner Kobe Bryant, 32 teams pit their shooting and dribbling skills against each other during the Keppel Games 3-on-3 Basketball Challenge held at the Ministry of Education Sports Hall on 4 October 2015.

In the Men’s category, breakneck movements and fluid passes were the order of the day. After a strong and engaging battle, both Caspian teams booked their place in the finals.

The Women’s category also saw some fine sequences of play as the semi-finals were contested between the Caspian teams, as well as Team Pacific 2 and Team Atlantic 1. Eventually, Team Atlantic 1 and Team Caspian 1 progressed into the finals.

Team Caspian 2 came up t o p s i n t h e M e n ’s Chal lenge, whi le Team Atlantic 1 saw victory in the Women’s category fo l lowing a successfu l three-pointer scored by its team captain, Mary Ann Bey of Keppel Shipyard. The overall Challenge Trophy was awarded to Team Caspian.

VOLLEYBALL TUSSLEH e l d o n 1 1 O c t o b e r 2015, the Keppel Games Volleyball Challenge was an entertaining affair. Both Caspian teams eventually emerged victorious over their Atlantic counterparts and faced off in the final, where Team Caspian 1 trumped their teammates t o e m e r g e Vo l l e y b a l l Challenge Champion.

Sa id Mr L im Tow Fok, Pres ident of Keppel i te Recreation Club and GM of Property Management, Keppel Land, “As we gear up towards the Grand Finale, athletes have displayed tremendous mettle and tenacity at every game as they battle it out to bring glory to their teams with every point earned. This is the Can Do! spirit at its finest.” keppelite

CHEER ON YOUR TEAM!

Join us at the Keppel Games Grand Finale on 22 November 2015 at Ngee Ann Polytechnic Sports Complex as we cheer on our teams in the Long Distance, Swimming, Track and Telematch. The first event flags off at 7.10am.

36 Empowering Lives


Keppelites Around the World

It was not easy at first, but Ralph Chen (pictured with his wife) quickly adapted to life in Guangdong province and now helps fellow Keppelites adjust too

Growing up in Singapore, Ralph Chen, CFO at Keppel Logistics Foshan always knew that he wanted to pursue a career overseas. “We’re told that people are Singapore’s best asset. I believe that wholeheartedly. When I was young, I thought one o f t he s t ronges t competitive advantages we Singaporeans had was our mobil i ty,” said the 34-year-old.

It was little surprise then, that Ralph sought a career with overseas opportunities shortly after graduating from university. He was posted to China in 2010 with an agriculture and fast moving consumer goods company, where he faced a steep learning curve picking up the language.

“The first year was very tough. I was from an English-s p e a k i n g b a c k g ro u n d and had to adapt to an e n v i r o n m e n t w h e r e Mandarin was the dominant language – even for business documents! I t fe lt l ike university exams all over again, familiarising myself with accounting terms in Mandarin,” laughed Ralph. “But eventually you learn, and you adapt. That’s how you get ahead.”

Global citizenFive years on, Ralph is more conf ident in h i s command of the language. Hav ing jo ined Keppe l Logistics in 2013, Ralph now leads a team of more than 30 f inancial staff and shuttles across the company’s subsidiaries in Shenzhen and Hong Kong.

He switches effortlessly b e t w e e n E n g l i s h a n d Mandarin while performing management and finance f u n c t i o n s f o r K e p p e l Te lecommunicat ions & Transportation and its river port investments in China.

He shared, “Adapting to a new environment is never easy. Having experienced it myself, I now help secondees and management associates settle in too.

“ A l t h o u g h m y t e a m c o m p r i s e s a m i x o f Singaporeans and local Chinese, we all manage to bond over a distinctly Singaporean past ime – eating!

“Singapore food is not hard to find in Guangdong as the province is pretty cosmopolitan. Due to the loca l ingred ients used though, you don’t quite get the same taste of home.”

Displaying Keppel’s core value of agility and the Can-Do! spirit, the self-professed

(geek) took matters into his own hands and taught himself how to cook in order to satisfy h i s c rav ings fo r loca l Singaporean cuisine.

With financial knowledge and culinary skills to boot,

Ralph remains modest. “I mostly cook for gatherings with friends and colleagues. Out of all the reviews I’ve received so far, the biggest fan of my cooking is still my wife. She rates my food 7/10,” he laughed. keppelite

Nurturing Communities 37



Mr Simon Lee (fifth from left), President, Keppel AmFELS, together with key representatives from various environmental state agencies, marked the start of the “Go Green” campaign with a tree-planting ceremony

Going greenA s a c o m m i t t e d a n d responsible corporate citizen, Keppel AmFELS launched its eco-friendly campaign, t h e m e d ‘ G o G r e e n ’ , on 11 September 2015.

The campaign aims to inspire its employees to care for and protect the environment through a slew of interesting educational and interactive activities. Kickstarting the campaign w i t h a t r e e - p l a n t i n g ceremony, Mr Simon Lee, President, Keppel AmFELS, said, “As we grow our business, we also want to ensure that we contribute to the commun i t y by protecting the environments

w e o p e r a t e i n . T h i s campaign is a pos i t ive s tep in that d i rec t ion as we seek to increase environmental awareness among Keppelites.”

K e p p e l A m F E L S ’ Environmental Management System recently received ISO 14001 certification, a widely recognised international standard for environmental management systems.

Apart from implementing a recycling programme, the yard’s green efforts also include a waste management system, a pa int waste management system as well as an oil spillage prevention programme. keppelite

Viva Mexico!Having delivered some 11 jackup rigs to the country, Keppel Offshore & Marine is a strong supporter of Mexico’s oil and gas industry and also an ardent supporter of Mexican culture. The company was a sponsor of Mexico’s 205th Independence Day celebrations in Singapore, which also coincided with 40 years of bilateral relations between the two countries.

Held on 15 September 2015 at the Fullerton Hotel,

the event was hosted by H.E. Rogelio Granguillhome, Ambassador of Mexico to Singapore, and saw government representatives, diplomats and business leaders in attendance.

The evening was l it up with a lively showcase of Mexican culture, song and dance. Earlier this year, Keppel was also a sponsor of Spotl ight Singapore, w h e r e a S i n g a p o r e de legat ion f lew up to Mexico for a cross-cultural performance. keppelite

Keppel enjoys strong business and cultural ties with Mexico, exemplified by Mexican Ambassador Rogelio Granguillhome (left) and Mr Chow Yew Yuen (right), CEO of Keppel Offshore & Marine at Mexico’s Independence Day celebrations

38 Nurturing Communities


Supporting educationKeppel Land is committed to be a responsible corporate citizen, enriching lives in the communities where it operates. Together with its main contractor for Saigon Centre, Hoa Binh Construction & Real Estate Corporation (Hoa Binh), Keppel Land (Vietnam) pledged a total of VND 180 million (about S$11 ,500 ) to An Phu Secondary School in Ho Chi Minh City to support the school’s educational activities and daily operations. This includes granting a total of VND 70 million (S$4,450) in educational scholarships to 20 underpr i v i l eged

students who have excelled academically. M r Tr a n D u c V i n h , headmaster of An Phu Secondary School, said, “We are very grateful to Keppel Land (Vietnam) and Hoa Binh for their generous support. The scholarships will encourage and motivate our students to keep up their good performance.”

To create a more conducive learn ing env i ronment , Keppel Land (Vietnam) and Hoa Binh have also installed new furnishings in the school such as study benches, sinks, bookshelves and fans for better ventilation. keppelite

Mr Ryan Alexander Lower, Chairman of Keppel Land (Vietnam) Corporate Social Responsibility Committee 2015, presented educational scholarships to 20 underprivileged students

Vibrant Eco-City lifeAbout 600 residents and employees located in the Sino-Singapore Tianjin Eco-City (Sino-Singapore Eco-City) spent an enjoyable day at its Eco-Business Park (EBP)

during an eco-carnival held on 21 October 2015.

Organised by the Sino-Singapore Tianjin Eco-City Investment and Development

Co., Ltd (SSTEC) and its wholly-owned real estate management arm, Tianjin Eco-City Shengheng Eco-Maintenance and Services Co., Ltd (Shengheng), the carnival, held across four zones, saw residents and employees bonding over carnival games and ‘live’ performances, as well as trawling through pre-loved items to find hidden gems at a flea market.

The carnival aims to enrich the lives of those in the Sino-Singapore Eco-City and at the same time, showcase the increasingly vibrant EBP

and its new and beautifully-landscaped Central Green, a newly built garden which runs through the EBP. CEO of SSTEC, Mr Liew Choon Boon said, “The carnival is a platform for us to engage residents and workers of the Sino-Singapore Eco-City. As development of the city progresses, we aim to continue enhancing the built environment with more high quality projects. We hope to organise more of such events to foster a greater sense of identity and belonging within the community.” keppelite

Residents and employees in the Sino-Singapore Tianjin Eco-City enjoyed a fun-filled day at a carnival in the city’s Eco-Business Park on 21 October 2015



Going the extra mile

Keppel Batangas Shipyard volunteers went the extra mile for a good cause in a nationwide fund raising campaign organised by the Alay Lakad (Tagalog for ‘walk offering’) Association of Bauan, on 26 September 2015. The annual community walk aims to raise funds for out-of-school youth and increase awareness of the importance of access to education. Going beyond its participation in the campaign, Keppel Batangas Shipyard also offers the youths full scholarships in structural welding at the Keppel Batangas Training Centre. To date, 36 scholarships have been awarded by Keppel. Those who have completed the apprenticeship programme are offered employment opportunities with Keppel Batangas Shipyard or its subcontractors

Lauded for givingBus ine s s un i t s a c ro s s the Keppel Group were honoured at the Community Chest Awards Ceremony at the Capitol Theatre on 25 September 2015. The event was graced by Guest-of-Honour, S ingapore’s President Tony Tan, who is also the Patron-in-Chief of the National Council of Social Service.

Keppel Care Foundation was awarded the Corporate G o l d A w a r d f o r i t s sustained contributions towards Community Chest beneficiaries. Mr Robert Chong, Director of Group

Human Resources, Keppel Corporation and CEO of Keppel Care Foundation, received the award on behalf of the Foundation from Mr Tan Chuan-Jin, Minister for Social and Family Development.

K e p p e l F E L S , K e p p e l S h i p y a rd a n d K e p p e l Singmarine were lauded w i th SHARE P l a t i num Awa rd s wh i l e Keppe l Logist ics was awarded t h e S H A R E B r o n z e Award fo r suppor t ing SHARE, the Community Chest’s workplace-giving programme. keppelite

Mr Robert Chong, Director of Group Human Resources, Keppel Corporation and CEO of Keppel Care Foundation, received the Community Chest Corporate Platinum Award from Mr Tan Chuan-Jin, Minister for Social and Family Development



Gift of knowledgeVolunteers from BrasFELS spent time with students of public schools in Angra dos Reis, Rio de Janeiro, Brazil to impart the gift of knowledge.

SEEDING NATURE CHAMPIONSVolunteers from BrasFELS marked Arbour Day in Brazil teaching 185 young students of Escola Municipal Francisco Xavier Botelho, a public school in Lambicada, Angra dos Reis, how to grow and nurture sunflower seedlings.

Volunteers and students alike had a ball of a time

d u r i n g t h e l i v e l y presentations and interactive workshops.

Visiting the budding nature champions were BrasFELS management Mr Marlin Kh iew, V ice P res ident (Operations), Mr Low Tiau Tong, Director (Special Duties), Mr Luiz Caetano, Director (Operations) and Luiz Queiroz, Manager of Quality, Health, Safety and Environment, as well as Angra dos Reis Councilman Cleber Antonio da Silva. Arbour Day is a special day in Brazil where individuals

and groups are encouraged to plant and care for trees.

TEACH-IT-FORWARDYo u n g e m p l o y e e s o f BrasFELS ignited a love for learning within eight-year-old students of the Cornelis Verolme public school.

Volunteers gave twice-weekly mathematics and Portuguese classes to the eager students starting in September 2015.

This initiative to provide classes at Cornelis Verolme public school stems from

BrasFELS’ Teach-It-Forward p r o g r a m m e , w h i c h encourages the company’s y o u n g e m p l o y e e s t o share their knowledge and experience with the community.

All volunteers under the initiative are current or graduates of BrasFELS’ Trainee Engineer programme, in which new employees are given multi-faceted exposure to B rasFELS ’ sh ipya rd operations. keppelite

Volunteers from BrasFELS joined students of Escola Municipal Francisco Xavier Botelho to mark Arbour Day with a workshop on how to grow and care for sunflower seedlings



Mr Benson Puah (extreme left), CEO, Esplanade; Mr Ho Tong Yen (second from left), GM of Group Corporate Communications, Keppel Corporation; Ms Yvonne Tham (second from right), Assistant CEO, Esplanade and Ms Chua Lik Ling (extreme right), Head of Programming for Children & Youth, Esplanade, with a teacher and students from Juying Secondary School

An evening of danceOver 80 students from four Singapore schools attended the dance performance ‘Torobaka’ on 16 October 2015 thanks to Keppel Nights, a partnership between Keppel and Esplanade to give students from heartland schools access to world-class performances. The students were thrilled to witness the fusion of Spanish f lamenco and Indian kathak dance styles by internationally-acclaimed performers Akram Khan and Israel Galván.

Also in the audience were Min i s t r y o f Educat ion and Ministry of Culture,

Community and Youth representatives, who were inv i ted to witness the

Keppel Nights programme in action. keppelite

Partnerships for positive impactTo facilitate the exchange of bes t p rac t i ces and sharing of experiences on corporate giving, Keppel Corporat ion sponsored a C o r p o r a t e G i v i n g P r a c t i t i o n e r Networking Session on 29 September 2015 at Keppel Leadership Institute.

The session was part of a n o n g o i n g s e r i e s organised by the National Volunteer and Philanthropy C e n t re , t h e N a t i o n a l Council of Social Service and Community Chest to prov ide a p la t form for professionals in the corporate giving field to

share per spec t i ves on how co rpo ra t e soc i a l responsibil ity strategies can be better harnessed for maximum impact.

As a pane l l i s t on the discussion on ‘Creating shared value through strong and strategic partnerships’,

Ms Teri Liew, President of Keppel Volunteers and Deputy GM of Keppe l C o r p o r a t i o n ’s G r o u p Corporate Communications department, shared with some 60 participants on Keppel Volunteers’ journey to create lasting bonds with beneficiaries.

She shared, “Through regular activities with elderly beneficiaries from Thye Hua Kwan Moral Society, the volunteers have been able to form beaut i ful friendships with the elderly beneficiaries, making their shared act iv i t ies more meaningful.” keppelite

Ms Teri Liew (second from right), Deputy GM, Group Corporate Communications, Keppel Corporation, in her capacity as President of Keppel Volunteers, shared her experience with corporate and social service stakeholders at a Corporate Giving Practitioner Networking Session



shared, “As a first-time volunteer, I was humbled as the children taught me to find joy in simplicity. They were full of curiosity as they immersed themselves in the books from the library and were so hungry to learn. I’ve also forged new friendships with other Keppelites and the strong camaraderie that we shared made this such a meaningful trip.”

The WOW trip provided a valuable platform for Keppelites across different business units to not only establ ish new t ies but promote cross-cul tura l learning. keppelite

Words on Wheels (WOW) mobi le l ibrary project . WOW is sponsored by Keppel Land and managed in partnership with the Singapore International Foundation and HCMC’s General Sciences Library.

Aimed at promoting a culture of reading and self-learning in local communities, the mobile library will reach out to over 3,000 children aged between s ix and 15 by providing access to educational materials and multimedia tools. To-date, seven volunteer trips involving over 50 employees from Keppel Land’s offices in Singapore and Vietnam, as we l l a s ac ross the Keppel Group have been conducted.

To g e t h e r w i t h l o c a l volunteers from Keppel Land’s Vietnam office as well as staff members from the General Sciences Library who helped bridge the language gap, volunteers from across the Keppel Group travelled with the mobile library to engage children through reading and games.

The children were a bundle of energy and excitement when participating in the varied educational activities that were thoughtfully planned out by the volunteers, which included a song and dance as we l l a s a r t s and crafts.

Michelle Lee, a Finance Assistant from Keppel Land,

Bonding across bordersIt was Choo Jin Fu’s first overseas volunteer trip and he was uncertain if such a short stint would be useful to engage school children in the rural villages in the outskirts of Ho Chi Minh City (HCMC).

What he expe r i enced struck a deep chord and much to the surprise of this Production Engineer from Keppel Singmarine, the Vietnamese children responded wi th g rea t warmth and enthusiasm to the Engl i sh lessons conducted by him and other Keppel volunteers.

Their volunteer trip to the Binh Chanh district of HCMC from 23 to 26 September 2015 was in support of the

Opening a window to the world for underprivileged children in Ho Chi Minh City are volunteers from the Keppel Group who made learning English great fun with song, dance and craft



Keppelites transform a hospital experience into a fun-filled day with a Children’s Day Carnival, a Keppel Volunteers’ event championed by Keppel FELS

Championing causesCHEER FOR CHILDRENW h o w o u l d i m a g i n e that a trip to the hospital could turn out to be such fun? Keppel FELS made Children’s Day extra special by championing the Keppel Volunteer event as a team and putting up a colourful carnival at KK Women’s and Children’s Hospital on 9 October 2015.

Mustering all their creative ideas and energy, the Logis t ics , Commerc ia l , Purchasing, Subcon and Marketing teams at Keppel FELS filled a large empty hall with exciting game stalls to thrill the children.

“When Keppelites from various departments and expertise draw on collective strength towards a common goal, the result is always spectacular. I am delighted that Keppel FELS staff showcased our Can Do! spirit in taking the lead to organise and volunteer for this event. I hope this event will spark a trend for inter-department strength for a worthy cause,” shared Mr Chris Ong, Deputy MD, Keppel FELS, who has been a strong advocate of Keppel Volunteers.

More than 200 children and family members turned up at the carnival over the course

of the day, beyond what was expected.

Ms Chong Pik Wan, Chief Development Officer, KK Women’s and Children’s Hospital, enthused, “We are very appreciative of Keppel Volunteers and Keppel FELS for organising the Children’s Day Carnival at KKH. A lot of hard work went into the planning and staging of the party. I spoke to a few parents and their kids were extremely thrilled to be invited to the party especially after a visit to the doctor. It certainly brought much cheer to the kids and their parents!”

EVERGREEN TIESThe first Terrarium workshop held in July this year proved a hit with the elderly and volunteers. Hence, Keppel Vo lunteers dec ided to organise a similar event in October.

This time round, Marina at Keppel Bay provided the tranquil setting for senior friends from Thye Hua Kwan to develop green fingers with the help of Keppelites.

On top of promoting care for nature, the terrarium work shop p rov ided a platform for participants to build budding friendships. keppelite

Keppel Volunteers and seniors from Thye Hua Kwan participated in a terrarium workshop at Marina at Keppel Bay

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Sedona Hotel Yangon celebrated the soft opening of its new Inya Wing on 1 October 2015. Gracing the event was Myanmar’s Minister of Hotels and Tourism H.E. U Htay Aung (centre, in white shirt)

Opening the doors to a new Inya Wing

Sedona Hotel Yangon marked the soft opening of its new Inya Wing on 1 October 2015, in a ceremony graced by Myanmar’s Minister of Hotels and Tourism, H.E. U Htay Aung.

Designed by award-winning Singapore f i rm, Forum Arch i tec t s , and wor ld renowned hospitality design firm, Studio HBA, the new 29-storey Inya Wing features an additional 431 well-appointed guest rooms and suites, along with a grand lobby with a high-end retail gallery connecting the new tower to the existing building.

The interiors of the Inya Wing feature traditional Burmese art and materials which are tastefully infused with modern Asian influences. The traditional Burmese umbrella

is a key motif that runs throughout the new wing, starting with the magnificent lighting centrepiece in the main lobby and the fritted glass ceiling.

Speaking at the ceremony, Mr Ng Ooi Hooi, President of Regional Investments at Keppel Land, the owner of Sedona Hotel Yangon, said, “Today, we open the doors to exciting new experiences as we raise the benchmark for hospitality in Myanmar, bu i ld ing on the good reputation and track record of Sedona Hotel Yangon.”

H.E. U Htay Aung said, “As Myanmar’s growth progresses on track, we are heartened that leading international developers like Keppel Land are expanding and upgrading their hospitality developments

to meet the growing needs of tourists. Tourist arrivals in Myanmar are estimated to reach five million in 2015, and surpass seven million by 2020.

“Apart from its hospitality business, we are heartened that Keppel Land is also bringing its experience and expertise in developing prime office developments to Yangon in collaboration with the Shwe Taung Group. I am confident that the new office tower in the Junction City development will be another significant landmark in Downtown Yangon,” he added.

S i t t ing majest ica l ly on eight acres of beautifully l a n d s c a p e d g a r d e n s , Sedona Hotel Yangon is a 20-minute drive away from

the international airport and the bustling city centre.

Within close proximity to the famous Shwedagon Pagoda and Inya Lake, this deluxe five-star hotel in Yangon impresses with its local ethnic decor and architecture. The existing hotel wing features 366 newly-upgraded guest rooms and suites along with several dining options, executive club rooms and a fitness centre with a swimming pool, sauna and steam bath.

Inya Wing is linked to the existing hotel block via a specially-designed connector comprising a new retail arcade and an elevated podium that houses a terrace which features a swimming pool, fitness centre and an all-day restaurant. keppelite

inspiring through art - keppel land china · till 1q 2016. keppel reit’s weighted average term to...

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