dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Cities
  • Society

Keppel Announces $4.2 Million Package To Support National Efforts To Combat COVID-19

  • March 20, 2020
Total
0
Shares
0
0
0

Keppel Corporation Limited (Keppel) is pleased to announce a comprehensive package worth more than $4.2 million to help the Singapore community weather COVID-19. The package will be funded by voluntary contributions from the Keppel Group’s directors, senior management and staff, with dollar-for-dollar matching contributions from Keppel Corporation. This comes on the back of the Company’s earlier donation of over S$900,000 to support Singapore and international efforts to mitigate the impact of COVID-19.

Dr Lee Boon Yang, Chairman of Keppel Corporation, said, “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. 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 (SMEs).”

“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.”

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 this effort, while Directors of Keppel business units will contribute an equivalent amount of their annual fees. 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.

This initiative, together with a matching contribution from Keppel Corporation, is expected to raise more than $4.2 million, which will be used in the following manner:

  • About $3.5 million will go towards supporting lower income households in Singapore, through rebates given by Keppel Electric, M1 and City Gas to residents living in 1 and 2-room HDB flats. The rebates will be rolled out starting from 1 May 2020 and are expected to benefit more than 40,000 households. More details are provided in the Annex.
  • A further $300,000 will be donated to The Courage Fund to support communities affected by COVID-19. This is in addition to the $300,000 earlier donated by Keppel Care Foundation, bringing Keppel’s total contribution to The Courage Fund to $600,000.
  • $400,000 will be set aside to support Keppel’s frontline contract staff, such as cleaners and security personnel, who have been working tirelessly to ensure safety and health at the Group’s workplaces, and also to provide personal protective equipment, hygiene items and other essentials to vulnerable communities in Singapore. Keppel’s staff volunteers will work with the Group’s urban logistics arm, UrbanFox, and other partners to procure and distribute these items to beneficiaries over the next few months.

Any additional amount contributed by Keppel’s employees will be channelled to The Courage Fund.

Keppel also recognises the challenging environment faced by many SMEs as a result of COVID-19. Keppel works with a network of about 3000 SMEs in Singapore and will help to improve cashflow for SMEs by improving payment terms. With immediate effect, and for a period of six months, the Group commits to pay all SME suppliers within one week upon the approval of invoices by Keppel, regardless of the credit terms provided by the suppliers. Further details will be communicated by the Group to its SME suppliers directly.

Since the start of the COVID-19 outbreak, Keppel has put in place measures to ensure business continuity. These include split teams, temperature screening and regular updates to staff on measures to minimise the spreading of COVID-19. While COVID-19 has had some impact on the Group’s operations, including its international supply chain, Keppel has so far not been as severely affected as some other companies, which are in sectors directly affected by the pandemic. Keppel will continue to carefully monitor the situation and manage the Group’s cost and cashflow, as it works closely with all stakeholders to combat COVID-19 together.

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • COVID-19
  • Keppel
  • Keppel Corporation Limited
  • The Courage Fund
dotlah.com

Previous Article
  • Cities

The 4 Plausible Futures Of The World: Greentocracy

  • March 19, 2020
View Post
Next Article
  • Lah!
  • Technology

Grab Collaborates With IMDA To Pilot Grab Ventures Ignite In Singapore

  • March 20, 2020
View Post
You May Also Like
View Post
  • Cities

Politicians love comparing NZ’s economy to Singapore or Ireland – but it’s simplistic and misleading

  • dotlah.com
  • September 21, 2025
View Post
  • Cities
  • Technology

Meralco PowerGen’s PacificLight starts up 100 MW fast-response plant in Singapore

  • dotlah.com
  • June 20, 2025
View Post
  • Cities

Renewable energy, carbon credits are priority areas of cooperation for Singapore, Philippines: Lawrence Wong

  • dotlah.com
  • June 4, 2025
View Post
  • Cities
  • Politics

Singapore businesses eye more investments in PH, says PM Wong

  • Dean Marc
  • June 4, 2025
View Post
  • Cities
  • Research

Mathematicians uncover the logic behind how people walk in crowds

  • dotlah.com
  • April 3, 2025
“Toyota Woven City,” a Test Course for Mobility, Completes Phase 1 Construction and Prepares for Launch
View Post
  • Cities
  • Technology

“Toyota Woven City,” a Test Course for Mobility, Completes Phase 1 Construction and Prepares for Launch

  • John Francis
  • January 6, 2025
View Post
  • Cities

Popes were once confined to Rome. Now they travel the world – and Francis’ current journey is particularly significant

  • dotlah.com
  • September 13, 2024
Singapore
View Post
  • Cities
  • Economy

South Africa’s new pension rules: Australia, Chile and Singapore show how personal savings can grow the economy

  • dotlah.com
  • August 30, 2024


Trending
  • laboratory research 1
    • People
    • World Events
    Why Antimicrobials Matter In The Fight Against Covid
    • October 25, 2020
  • 2
    • Lah!
    SGX Launches Methanol Futures And Swap Contracts
    • February 24, 2020
  • 3
    • Lah!
    • Technology
    Dell Technologies Launches Global Innovation Hub In Singapore
    • February 27, 2021
  • 4
    • Lah!
    • Technology
    New “Sign With SingPass” Service Provides Greater Convenience In Documentation Signing
    • November 6, 2020
  • 5
    • Technology
    ST Engineering Donates $1M To Enable Digital Access For Low Income Households And Seniors In Singapore
    • July 1, 2020
  • 6
    • Science
    • Technology
    Everest Medicines To Develop, Commercialize EDDC’s Small Molecules As Potential COVID-19 Oral Antiviral Treatments
    • January 24, 2022
  • 7
    • Lah!
    • Technology
    Microsoft Launches First Experience Center Worldwide for Asia in Singapore
    • November 14, 2019
  • 8
    • Society
    Combating Medical Misinformation And Disinformation Amid Coronavirus Outbreak In Southeast Asia
    • February 8, 2020
  • 9
    • Lah!
    New NEA Facility To Boost Production Of Male Wolbachia-Aedes Aegypti Mosquitoes To Benefit More Residents
    • December 3, 2019
  • 10
    • People
    How To Look After Each Other In The Time Of Physical Distancing
    • August 23, 2020
  • social-media-heart-karsten-winegeart-60GsdOMRFGc-unsplash 11
    • People
    • Technology
    How Social Media Can Help Boost Your Optimism
    • April 9, 2022
  • 12
    • Lah!
    • Science
    • Technology
    NTU Singapore Scientists Use Fruit Peel To Turn Old Batteries Into New
    • September 2, 2020
Trending
  • Bluetooth speakers 1
    Best Bluetooth Speakers Under $200 (2025 Edition)
    • October 16, 2025
  • 2
    Singapore’s national identity excludes those who don’t look like a ‘regular family’
    • October 9, 2025
  • Smart Watch 3
    Best Smartwatches, Your Gateway to Health Monitoring and Everyday Use
    • October 5, 2025
  • Cooking pots and pans 4
    Best Pots and Pans 2025: All-Season, All-Purpose Picks for Every Kitchen
    • September 23, 2025
  • 5
    Politicians love comparing NZ’s economy to Singapore or Ireland – but it’s simplistic and misleading
    • September 21, 2025
  • Kitchen Knives - Best All-Around Picks in 2025 6
    Kitchen Knives : The Surgeons of Cooking – Best All-Around Picks in 2025
    • September 15, 2025
  • 7
    Apple unveils iPhone 17 Pro and iPhone 17 Pro Max, the most powerful and advanced Pro models ever
    • September 9, 2025
  • 8
    Apple debuts iPhone 17
    • September 9, 2025
  • Fruits and vegetables for cooking. For food processors. 9
    Food Processor: The Swiss Army Knife of the Kitchen – Best All-Around Picks in 2025
    • September 8, 2025
  • 10
    Meet Samsung Galaxy Tab S11 Series: Packing Everything You Expect From a Premium Tablet
    • September 4, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.