Keppel Donates Millions to Help Fight Virus
Keppel Corporation Limited has announced a “comprehensive package” worth more than $4.2 million to help the Singapore community weather the COVID-19 pandemic.
The package, which is in addition to a previous company donation of over $618,818 (S$900,000), will be funded by voluntary contributions from Keppel Group’s directors, senior management and staff, as well as dollar-for-dollar matching contributions from Keppel Corporation.
The CEO and CFO of Keppel Corporation, as well as CEOs of “key” Keppel business units, have volunteered to give up one month of their salaries in April 2020 to support the effort, while directors of Keppel business units will contribute an equivalent amount of their annual fees, Keppel outlined.
Other members of the group’s senior management will forgo half a month of their salaries, while other Keppel employees in Singapore can contribute any amount of their choice, Keppel revealed.
“As one of the largest homegrown companies in Singapore, Keppel will do what we can to strengthen national resilience in the fight against COVID-19,” Lee Boon Yang, chairman of Keppel Corporation, said in a company statement.
“Through this package, we will provide support to the communities most affected by the pandemic, including healthcare workers and patients, lower income families, as well as small and medium sized enterprises,” he added.
“Keppel has stood together with the community to overcome many challenges over the past five decades. I am confident that with unity and determination we can effectively weather this difficult environment and emerge stronger together,” Yang continued.
As of March 18, there have been 266 confirmed cases of the virus in Singapore, with zero deaths so far, according to the latest information from the World Health Organization (WHO). Globally, there have been 191,127 confirmed cases, with 7,807 deaths, WHO data shows.
Keppel Corporation serves the global offshore energy and marine sectors through its Offshore & Marine Division.
To contact the author, email andreas.exarheas@rigzone.com
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Blockchain Demands Attention in Oil and Gas
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- CNPC Opens Sea-Land Oil Storage and Transport Facility in Bangladesh
- Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India
- US Govt Makes Record Investment of $6B for Industrial Decarbonization
- Perenco Still Searching for Missing Person After Platform Incident
- Eni, Fincantieri, RINA Ink Deal on Maritime Decarbonization
- Oil Falls as US Inventories Increase
- Czech Utility CEZ Bucks Weaker Prices, Demand to Log Record Annual Profit
- Ithaca Energy Studies Deal for Eni's UK Upstream Assets
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- UK Grid Operator Receives Aid to Advance Rural Decarbonization
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call