SEPTEMBER 2016 www.kepcorp.com/ekeppelite

Committed to growth 5

Sustainability steward 10

Making a difference 28

Conserving our biodiversity

MCI (P) 032/02/2016 6 5

20

Contents

SUSTAINING GROWTH Realising value 4 Tapping insights 22

Committed to growth 5 Logistics leadership

Industry engagement 6 Growing with Brazil 23

Bolstering the Board 8 EMPOWERING LIVES Acing the course 24 Saigon showcase 9 Dedication to defence Bridging lives Forging closer ties 25 Sustainability steward 10 Netting the prize 26 Building partnerships 12 Warm welcome for new Keppelites

Crisis-preparedness 14 Keppelites Around the World Embracing the Indonesian way of life 27 Enhancing corporate governance 15 NURTURING COMMUNITIES SPECIAL FOCUS Making a difference 28 Conserving a freshwater forest wetland in the city 16 Brazilian rhapsody 29 Hallmarks of excellence 19 Carnival in the Eco-City Taking the helm Sharing mid-autumn cheer 30 Promoting corporate social responsibility 20 Green advocate Keppel Volunteers Moon-gazing fun 31 Spurring Innovations Specialised capabilities 21 BACK PAGE Specialised conversion 32

Cover image: Mr Lawrence Wong (second from right), Minister for National Development and Second Minister for Finance; Dr Lee Boon Yang (far right), Chairman of Keppel Corporation; Mr Loh Chin Hua (third from right), CEO of Keppel Corporation; and Mrs Christina Ong (left), Chairman of NParks, planted a Keppel Tree at the Keppel Discovery Wetlands at Singapore Botanic Gardens.

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 Advisor Ho Tong Yen

Editor Say Huan Yuan

Editorial Committee Ang Lai Lee, Brian Higgs, Casey Chiang, Cheryl Goh, Chua Sian Howe, Donald Sng, Eileen Tan, Elizabeth Widjaja, Gabriela Hott Soares, Grace Chia, Guo Xiao Rong, Han Sufen, Hayley Teo, Hoo Yao Lin, Ivana Chua, Jayne Yeo, Kevin Ho, Liang Hui Hui, Lee Wan Jun, Mia Liu, Priscilla Chong, Razali Maulod, Ricky Ling, Roy Tan, Serena Toh, Song Jia Jia, Sue Ann Huang, Tang Yi Bing, Teo Soo Kiam, Teri Liew, Tracy Pham, Woon Pek Yong, Yolanda Guo

Keppelite I September 2016 CO REG NO: 196800351N Editorial

A learning culture

Many of us spent much of our youth in Underscoring Keppel’s commitment to nurture classrooms acquiring new knowledge. Then, some human capital, the Group makes significant of us may have believed that we would learn a investments to refine the skills and competencies set of skills that would serve us well throughout of our people. Training programmes across the our working lives. That may have been true many Group are customised to cater to different career decades ago. We now know that our skill sets stages and industry needs. Since its inauguration have a short and increasingly shorter lifespan as in April 2015, Keppel Leadership Institute has the world is changing at an accelerating pace. provided a spectrum of enriching courses and Douglas Thomas and John Seely Brown, authors of events as well as collaborative spaces for thousands the book, A New Culture of Learning, hypothesised of Keppelites from Singapore and overseas. There that today, “the half-life of a learned skill is five are also avenues for open dialogue with senior years”. This means half of what we learnt five years management that enable Keppelites to tap on the ago may now be irrelevant and almost everything expertise and experience of our leaders, such as we learnt 10 years ago may be obsolete. the annual Global Keppelites Forum, as well as the recent Keppelthon and Leaders Dialogue organised At an organisational level, a strong learning by Keppel Young Leaders. culture is a critical corporate asset and a source of sustainable competitive advantage. To be agile and However training is not just an organisational able to respond to ongoing change and disruptions responsibility. On an individual level, we must take readily, organisations need to value innovation, ownership and be responsible for our own learning training and development. and development. Beyond structured learning through courses and workshops, we need to adopt At Keppel, we are resolved to imbue a spirit of an open mindset and be constantly curious. We enterprise and culture of innovation to help us be can learn and grow by finding more efficient and resilient and future-ready. Even as we right-size our productive ways to do our jobs, innovate solutions, operations and resources during these challenging and not be afraid to challenge the status quo. times, we continue to invest prudently in research and development, improve our productivity and Whether individually or as a company, we will strengthen our core competencies. stay ahead of the game only if we can continue to keep abreast of new technologies to capture We are committed to nurture our talent pool and value, enhance the way we do things and sharpen encourage our people to grow to reach their full our competitive edge. potential. Keppelites are encouraged to upskill and pursue professional development opportunities. Globally, each Keppelite received 23 hours of training on average in 2015.

Keppelite I September 2016 4 Sustaining Growth Growth

Realising value

Keppel Land China and Alpha Investment Partners (Alpha) have divested their 80% stake in Sparkle Bright Holdings Limited (Sparkle Bright) which owns Life Hub @ Jinqiao (Life Hub), a mixed-use development in Shanghai, China, to Star Champ Development Limited, a wholly-owned subsidiary of the Chongbang Group (Chongbang). Chongbang owns the other 20% stake in the development. The total consideration of the divestment is US$516.9 million. To capture greater value, Keppel Land China and Alpha worked with the mall operator to introduce new concepts and unique design layouts to Keppel Land China held a Life Hub to entrench its position as a leading lifestyle mall 42.5% interest in Sparkle Bright, while Alpha Asia recycle assets to seek higher high occupancy levels with of return of over 20% on the Macro Trends Fund II and a returns.” a good mix of international sale of the development. This co-investor held the and local retailers. Asset is testament to our ongoing remaining 57.5% interest. Located in Shanghai’s Pudong enhancement works include efforts in ensuring that Keppel Land China and District, Life Hub, which the upgrading of facilities our investment discipline Alpha are wholly-owned commenced operations in as well as reconfiguring achieves the best returns for subsidiaries of Keppel end-2009, features about the basement to optimise our investors.” Land and Keppel Capital 114,730 sm gross floor area pedestrian flow. respectively. Keppel Land (approximately 1.2 million The retail mall is 97% leased China’s 42.5% share sf) of retail shops as well as Ms Christina Tan, CEO of while the office tower is fully of the consideration for a 10-storey office tower with Keppel Capital and MD of occupied. the divestment is about a retail podium. Alpha, said, “With rising US$219.7 million. affluence, there has been The Group expects to Since acquiring the property a shift in consumption and recognise a gain of Mr Ang Wee Gee, CEO of in 2013, Keppel Land shopping habits in Shanghai. approximately $73 million

Keppel Land, said, “Keppel China and Alpha have To capture greater value, we from the divestment. keppelite Land China’s collaboration been working with the mall introduced new concepts with Alpha reflects how operator to continuously and unique design layouts different business units are enhance the tenant mix to Life Hub to entrench its working closely together and shopping experience. position as a leading lifestyle to harness the collective The active and innovative destination mall. strengths of the Keppel asset management and Group. The divestment is enhancement efforts have “Thanks to these value- in line with Keppel Land’s contributed to the retail adding efforts, we have been strategy to continually mall achieving consistently able to realise an internal rate

Keppelite I September 2016 Sustaining Growth 5

Committed to growth

In line with its strategy to mixed-use development will Keppel Land will hold a Regional Investments, grow its portfolio in Myanmar be about US$48.6 million 40% stake in the serviced Keppel Land, said, “We are with a focus on Yangon, (approximately $68 million). residences and office confident of the long-term Keppel Land entered into The collaboration follows components of Phase potential of Myanmar, and are a conditional joint venture Keppel Land and Shwe Two of Junction City, committed to participating agreement with Shwe Taung Taung’s first joint venture comprising a gross floor in and contributing to the Group, one of Myanmar’s to develop Junction City area of about 50,000 sm. growth of the country. reputable conglomerates, Tower, a 23-storey Grade A The development will house to develop premium serviced office building in Phase One the first Sedona Suites in “Yangon continues to residences and offices in the of Junction City, which was Myanmar comprising about attract more multinational next phase of development topped off in May 2016. 260 serviced apartments. companies and foreign for Junction City in Yangon’s When completed early next Construction of Phase Two direct investments. We central business district. year, Junction City Tower will of Junction City is expected believe that our developments offer a net lettable area of to commence in 2018. will meet the needs for Keppel Land’s investment about 33,400 sm of prime quality accommodation and in the next phase of the office space. Mr Ng Ooi Hooi, President, business spaces.”

Junction City is strategically located at the intersection of Shwedagon Pagoda Road and Bogyoke Aung San Road, and will comprise Grade A offices, the five-star Pan Pacific Hotel, a lifestyle retail and entertainment centre as well as serviced residences. It will also house downtown Yangon’s largest car park facility offering more than 1,500 lots when fully completed.

Keppel Land first entered Myanmar in 1993 when it broke ground for Sedona Hotel Yangon, introducing its brand of signature Asian hospitality. The company recently expanded the Sedona Hotel Yangon with a new 29-storey Inya Wing which was opened in May

2016. keppelite

Keppel Land recently entered into a conditional joint venture agreement with Myanmar’s Shwe Taung Group to develop premium serviced residences and offices in Phase Two of Junction City, a landmark mixed-use development in Yangon’s central business district. The collaboration follows Keppel Land and Shwe Taung’s first joint venture to develop Junction City Tower in Phase One, which was topped off in May this year

Keppelite I September 2016 6 Sustaining Growth

Industry engagement

Pareto conference

Keeping abreast of the industry is at or near the latest industry trends and bottom of the down cycle. offerings, Keppel O&M participated in the annual As the only speaker Pareto Securities Oil & representing an Asian Offshore Conference, the rigbuilder at the largest oil and offshore conference, Mr Chow investor conference in Yew Yuen shared on Europe. Keppel’s multi-pronged approach in responding The 23rd edition of nimbly and flexibly to the conference, held in market needs. From Oslo, Norway, from 14 rightsizing and optimising to 15 September 2016, its operations to broadening observed that there are product and service offerings, At the Pareto Securities Oil & Offshore Conference, Mr Chow Yew Yuen (right), CEO, early signs of market Keppel O&M continues Keppel Offshore & Marine, networked with customers, investors and partners, including improvement. Pareto to focus on execution Mr Bill Rose (left), President, Prism Offshore Services LLC Securities, the organiser excellence while exploring of the conference, shared new opportunities in the likewise saw a focus on and deeper cost reductions, that oil companies have market. capturing value through as well as investments in adapted well in the low safer and more efficient next-generation portfolios. oil price environment Presentations from other operations, increased cost and forecasted that the leading oil and gas companies competitiveness with faster

As a leader in its industry, a Gold Sponsor to the Keppel Offshore & Marine Singapore WSH Conference, (Keppel O&M) regularly which took place from engages other industry 24 to 25 August 2016. players and stakeholders The biennial conference at international conferences serves as a platform for to exchange insights and workplace safety and health promote best practices (WSH) stakeholders to learn that advance the industry’s about the latest trends and interests. developments impacting WSH. SHARING SAFETY BEST PRACTICES During the conference Committed to improving which was held at Suntec

During the WSH Conference 2016, Mr Chow Yew Yuen, CEO, Keppel Offshore & Marine, industry safety standards, Convention Centre, shared on the safety journey taken by Singapore’s offshore and marine industry and his Keppel Group once again Mr Chow Yew Yuen, CEO of insights on building up a safety culture at the workplace provided its support as Keppel O&M and President of

Keppelite I September 2016 Sustaining Growth 7

the Association of Singapore Marine Industries (ASMI), shared on the safety journey of Singapore’s offshore and marine industry.

Mr Chow’s presentation took attendees through the industry’s transformation from a small regional ship repair centre to a global industry leader today, before moving on to the present day challenges faced by the industry as well as the multi- pronged strategies adopted by Keppel to improve the sector’s safety standards, Keppel Singmarine participated in OSV Singapore 2016 both as a sponsor and exhibitor which are now among the highest in the world. importance of continuing to EXCHANGE ON THE OSV invest wisely in innovation INDUSTRY amidst current headwinds Emerging technologies and faced by the offshore and improved designs for the marine industry. Offshore Support Vessels (OSVs) of tomorrow were Mr Chow said, “While we the central themes of the 6th cannot predict when the International Conference on oil price will recover, we Technology and Operation can continue to engage in of OSV – OSV Singapore technology foresight and 2016, which took place from study market trends so that Addressing attendees of the IADC/SPE Asia Pacific Drilling Technology Conference and 8 to 9 September 2016 at when the time is ripe, we can Exhibition, Mr Chris Ong, MD, Keppel FELS, shared on Keppel’s strategies to enhance value Singapore Polytechnic. seize new opportunities.” under challenging market conditions

The biennial conference, PRESENTATION ON THE he shared his views on through improved rig safety which gathered experts from DRILLING MARKET the challenges and and higher rig efficiency. the OSV community for The International opportunities for drilling technical presentations and Association of Drilling companies amid the market On top of product discussions to further advance Contractors (IADC)/ Society downturn. improvements, Keppel is the interests of the industry, of Petroleum Engineers (SPE) also expanding its service was supported by Keppel Asia Pacific Drilling Addressing conference offerings to customers. Singmarine for the sixth Technology Conference attendees which included Mr Ong shared that with consecutive time since 2005 and Exhibition was held rig operators and drilling the acquisition of the as its sole Solitaire Sponsor. in Singapore from 22 to companies, Mr Ong LETOURNEAU™ business, 24 August 2016. Mr Chris shared about Keppel FELS’ Keppel is able to offer Mr Chow Yew Yuen Ong, MD of Keppel FELS, strategies in a low oil price additional rig designs and addressed industry players was one of the four environment, and how the provide after sales and after in the conference’s opening distinguished speakers at shipyard is helping operators market services to existing ceremony as its Guest-of- the opening session of lower capital expenditure jackup rigs in the market.

Honour. He exhorted the the conference where and operating expense keppelite

Keppelite I September 2016 8 Sustaining Growth

Bolstering the Board

of expertise and experience investment and portfolio in investing and fund management policies and management across the US, periodic business plans and Europe and Asia. financial objectives of Keppel DC REIT. She is a founding member of Alpha, and has been actively The Committee will also involved in all phases of the review and approve proposed firm’s development since investments, acquisitions and 2003. As MD, she sits on the disposal of assets, significant Investment Committee for all contracts (including Alpha-managed funds and is significant colocation and instrumental in developing leasing arrangements, facility as well as implementing management agreements the portfolio strategy for all and joint ventures), funding the funds. whether by way of financing Ms Christina Tan, CEO of Keppel Capital Mr Chan Hon Chew, Chairman of Keppel and MD of Alpha, has been appointed to DC REIT Management and CFO of Keppel facilities or equity fund the Boards of Keppel REIT Management, She had previously served as Corporation, will chair the Keppel DC raising and unbudgeted Keppel Infrastructure Fund Management REIT Management Board’s new Executive and Keppel DC REIT Management the CFO of GRA (Singapore) Committee capital expenditure within Private Limited, the Asian real the approved financial limits estate fund management delegated by the Board. The Keppel Group arm of the Prudential 15 September 2016, having announced a series of new Insurance Company of served on the Board since The Committee is chaired Board appointments and America, managing more January 2014. Mr Lim is by Mr Chan Hon Chew, changes in September, than US$1 billion in real currently the CFO of Chairman of Keppel DC maintaining its robust estate funds. Prior to that, she Keppel Land. REIT Management, with standards of corporate was the Treasury Manager Directors Mr Lim Chin Hu, governance and oversight. with Chartered Industries The Board and management Mr Leong Weng Chee, Dr Tan of Singapore, managing of Keppel REIT Management Tin Wee and Ms Christina NEW BOARD the group’s cash positions expressed their Tan as members. APPOINTMENTS and investments. Ms Tan appreciation to Mr Lim for Ms Christina Tan, CEO of started her career with Ernst his valuable contributions. At the same time, Keppel Capital and MD of & Young before joining the Mr Richard Teo Cheng Hiang Alpha Investment Partners Government of Singapore NEW EXECUTIVE replaces Mr Lim Chin Hu as (Alpha), was appointed Investment Corporation. COMMITTEE a member of the Audit and as non-independent non- The Board of Keppel Risk Committee with effect executive director on the Ms Tan holds a Bachelor DC REIT Management from 15 September 2016.

Boards of Keppel REIT of Accountancy (Honours) established a new Executive keppelite Management, Keppel from the National University Committee with effect from Infrastructure Fund of Singapore and is a CFA® 15 September 2016. Management and Keppel charterholder. DC REIT Management with The Committee’s role effect from 15 September Separately, Mr Lim Kei Hin includes reviewing and 2016. relinquished his board seat recommending to the Board on Keppel REIT Management on the strategic direction Ms Tan has over 20 years with effect from and longer-term plans,

Keppelite I September 2016 Sustaining Growth 9

Saigon showcase

Singapore’s Deputy Prime homegrown Singapore Minister (DPM) and brands such as Bee Cheng Coordinating Minister Hiang, BreadTalk and for National Security TWG. Mr Teo Chee Hean visited Saigon Centre retail mall Mr Linson Lim, Country in Ho Chi Minh City on Representative (Vietnam) 13 September 2016 during of Keppel Corporation an official visit to Vietnam. and President (Vietnam) He was accompanied by the of Keppel Land, gave Government Parliamentary DPM Teo an overview of Ho Chi Minh City’s Vice Chairman of People’s Committee of District 7, Mr Dao Gia Vuong Committee (Finance and Keppel’s investments in (fourth from right) and Mr Linson Lim (third from right), President (Vietnam) at Keppel Land, Trade and Industry) Chairman Vietnam. at the opening ceremony of the link bridge over Ca Cam River in the vicinity of Keppel Land’s Riviera Point condominium and Deputy Chairman, Mr Liang Eng Hwa and Saigon Centre retail Mr Cedric Foo respectively, mall has received more as well as officials from the than 1.5 million visitors Ministry of Foreign Affairs. since it opened its doors Bridging lives to customers on 30 July

During his visit, DPM Teo 2016. keppelite toured the retail spaces of A newly built bridge Mr Linson Lim, President over the Ca Cam River in (Vietnam), Keppel Land, District 7 of Ho Chi Minh said, “At Keppel Land, we City (HCMC) is set to bring believe that as communities increased connectivity to the thrive, we thrive. The new residents with its opening on link bridge is poised to 22 September 2016 by the enhance the connectivity district’s Vice Chairman of of District 7 and HCMC as a the People’s Committee, whole, and is set to benefit Mr Dao Gia Vuong. thousands of residents in the neighbourhood, including Funded by Keppel Land those at Riviera Point.” and Tan Truong, joint venture partners for Riviera Point is the tallest Riviera Point in the vicinity, condominium in District 7, the bridge connects just a stone’s throw away the Tan Phu and Phu from the Ca Cam River. As Thuan Wards with the at end-August 2016, more district’s administrative than 95% of Phase 1A have and commercial centre, been sold. Following Phase providing residents in the 1A’s success, Keppel Land community convenient will be launching 518 units access to the myriad of under Phase 1B, The View amenities in the Phu My at Riviera Point, in October Mr Teo Chee Hean (foreground, right), Singapore’s Deputy Prime Minister and Coordinating Hung New Urban Area. 2016. keppelite Minister for National Security with Mr Linson Lim (foreground, left), Country Representative (Vietnam) of Keppel Corporation and President (Vietnam) of Keppel Land

Keppelite I September 2016 10 Sustaining Growth

Sustainability steward

As a Group, Keppel harnesses score in its ESG performance, the distinctive strengths of its significantly surpassing its core businesses to provide peers. solutions for sustainable urbanisation. Sustainability Mr Ang Wee Gee, CEO of is embraced not only as a Keppel Land, said, “We are guiding principle, but also honoured to be recognised on strategic and operational across multiple sectors by levels. GRESB which spurs us in our sustainability journey. GRESB We will continue to push In September, the Group the envelope in delivering garnered top accolades value through innovative in the Global Real Estate and green real estate Sustainability Benchmark solutions, to meet the needs (GRESB) 2016, attesting and capture opportunities to its continuous efforts to resulting from the rapid pace strengthen its environmental, of urbanisation, especially social and governance (ESG) in our key markets such as practices. China.”

GRESB serves as an Keppel REIT topped the internationally-recognised rankings in a series of platform to assess the categories, including listed sustainability performance real estate companies of property companies and globally. It retained its pole real estate funds. Companies position as the Regional are evaluated on seven Sector Leader for the aspects of sustainability Office Sector in Asia for such as management; policy three consecutives years, and disclosure; risks and reaffirming its commendable opportunities; monitoring sustainability performance. and environmental management systems; Keppel REIT also ranked performance indicators; second globally across all building certificate 733 diversified entities and benchmarking as well as sectors as well as among stakeholder engagement. 173 companies in the office Ocean Financial Centre, developed by Keppel Land and owned by Keppel REIT, stands tall as a sector, up from third position green icon in the heart of Singapore’s central business district Keppel Land ranked first last year in both categories. in the Residential (Global), China and East Asia sectors, Ms Ng Hsueh Ling, CEO of and third among developers Keppel REIT Management globally. The company also Limited, the Manager of achieved an outstanding Keppel REIT, said, “We strive

Keppelite I September 2016 Sustaining Growth 11

to adopt high sustainability and II, managed by Alpha standards and best practices Investment Partners, a We will continue to push the across our sterling portfolio wholly-owned subsidiary envelope in delivering value through of prime office buildings of Keppel Capital, were to achieve positive and awarded the ‘Green Star’ innovative and green real estate sustainable outcomes for status, the apex of the solutions, to meet the needs and the environment and all GRESB Quadrant Model capture opportunities resulting from our stakeholders. This which categorises property the rapid pace of urbanisation. recognition encourages us to portfolios as ‘Green Starter’, Mr Ang Wee Gee continue on our sustainability ‘Green Walk’, ‘Green Talk’, CEO journey in enhancing the or ‘Green Star’. Keppel Land environmental performance of our properties and Keppel Land and Keppel business operations.” REIT adopt holistic and proactive approaches in all their business practices sustainable properties have At the same time, the towards environmental as well as operations. In seen Keppel REIT’s assets Asia Macro Trends Funds I management and protection addition to GRESB, their attract well-established portfolios have received tenants from various internationally-recognised industries. green certifications from Keppel’s GRESB Awards 2016 leading industry bodies. DOW JONES SUSTAINABILITY INDEX KEPPEL LAND To date, Keppel Land has In further recognition • 1st in Residential (Global) also received a total of 61 of Keppel’s efforts in • 3rd Developer (Global) Green Mark Awards from the sustainability, Keppel • 1st in China Building and Construction Corporation was selected as • 1st in East Asia Authority of Singapore an index component of the • 1st Developer (Residential, Asia) (BCA), of which eight are Dow Jones Sustainability Asia Platinum. It has set the goal Pacific Index 2016. KEPPEL REIT of achieving at least the • 2nd Overall (Global) BCA Green Mark GoldPlus The index tracks the • 2nd in Office (Global) and Gold ratings, or their performance of the top 20% • 1st in Office (Listed, Global) equivalent, for all its new of the 600 largest companies • 1st among Listed Companies (Global) projects in Singapore and in Asia Pacific leading the • 1st in Asia overseas respectively. field in sustainability. This is • 1st in Asia (Office) the fourth consecutive year • 1st in Asia (Listed Companies) All of Keppel REIT’s office that Keppel Corporation • 1st in Asia (Office, Listed Companies) towers have been certified has been selected as a • 1st in Asia Pacific (Office) by the BCA, the United component company. keppelite • 1st in Singapore (Listed Companies) States’ Leadership in Energy • 1st among TR/ GPR/ APREA Composite Constituents and Environmental Design (LEED), the Green Building ALPHA INVESTMENT PARTNERS Council of Australia and • Alpha Asia Macro Trends Fund I (Green Star) the National Australian • Alpha Asia Macro Trends Fund II (Green Star) Built Environmental Rating System. Investments in

Keppelite I September 2016 12 Sustaining Growth

Building partnerships

With a global footprint senior management on Mr Thomas Pang, CEO of senior management, led by spanning more than 30 opportunities in Chongming Keppel T&T, on Keppel CEO, Mr Chow Yew Yuen, countries, the Group actively District, strategically situated Logistics’ Anhui Coldchain where they discussed the engages government leaders at the mouth of the Yangtze Logistics Park and Wuhu opportunities in Brazil. to boost stronger ties with River in eastern China. Sanshan Port, with both their countries. parties agreeing to work Having previously visited The delegation ended the towards closer mutual Keppel’s BrasFELS yard in STRENGTHENING morning with a visit to Keppel collaboration. Angra Dos Reis, Rio De CHINESE TIES Bay, including Reflections at Janeiro, Dr Felix noted To gain deeper insights Keppel Bay, Marina at Keppel OPPORTUNITIES IN that Keppel’s “impressive into Keppel’s capabilities, Bay, as well as the show BRAZIL track record” is a boost for a nine-man delegation gallery of Corals at Keppel Brazil’s oil and gas market Brazil’s oil and gas industry. from Chongming District Bay. They also visited Keppel promises a host of He was keen to stress that of Shanghai City, China, Seghers Ulu Pandan NEWater opportunities for investment recognising the current called on the Keppel Group Plant, one of Singapore’s and participation, such as challenges facing operators on 24 August 2016. The largest NEWater plants, on pre-salt deepwater fields, in Brazil, “we want to work delegation, led by Mr Tang 25 August 2016. post-salt and shallow towards retaining this long- Hailong, Head of Chongming water fields. term relationship.” District, was warmly received Separately on by Mr Eric Goh, Chief 21 September 2016, Keppel This was the message by ISRAELI INSIGHTS Representative (China) of Telecommunications & Dr Marcio Felix, Secretary On 5 September 2016, Keppel Corporation, and Transportation (Keppel T&T) of Oil, Natural Gas and Mr Loh Chin Hua, CEO senior management from hosted a delegation from Renewable Fuels at Brazil’s of Keppel Corporation, across the Group. Anhui Province, China, led Ministry of Mines and Energy, together with Keppel senior by the Vice Governor of during his inaugural visit to management including At the meeting held at Keppel Anhui, Mr Fang Chunming. Keppel Offshore & Marine Mr Chow Yew Yuen, Corporation, the delegation The delegation was briefed (Keppel O&M) in Singapore CEO of Keppel O&M and learnt about Keppel’s by Keppel T&T’s senior on 2 September 2016. He Ms Christina Tan, CEO of businesses, and engaged management, led by was hosted by Keppel O&M Keppel Capital, hosted a visit

Dr Marcio Felix (fourth from left), Secretary of Oil, Natural Gas and Renewable Fuels at Brazil’s Ministry of Mines and Energy visited Keppel O&M in Singapore. He was hosted by Keppel O&M’s senior management, led by CEO, Mr Chow Yew Yuen (fifth from left)

Keppelite I September 2016 Sustaining Growth 13

Mr Loh Chin Hua (left), CEO of Keppel Corporation, hosted a visit by Dr Yuval Steinitz, Israel’s Mr Chow Yew Yuen (left), CEO of Keppel Offshore & Marine, hosted a visit by Minister of National Infrastructure, Energy and Water, at Keppel Corporation Mr Dharmendra Pradhan (right), Honorable Minister of State (Independent Charge) for the India Ministry of Petroleum and Natural Gas, at Keppel Shipyard by an Israeli delegation led to reach out to international by Dr Yuval Steinitz, Minister investors. of National Infrastructure, Energy and Water. During the visit, Mr Chow Yew Yuen, CEO of Keppel During the visit, Mr Loh gave Offshore & Marine, shared an overview of Keppel’s more on the group and in core businesses, while the particular Keppel Shipyard’s Minister shared on Israel’s conversion capabilities. The developing energy sector and Indian delegation also took the investment opportunities a tour onboard the Floating available for oil and gas Production Storage and companies. Offloading (FPSO) vessel

being converted for Bumi Mr Thomas Pang (right), CEO of Keppel Telecommunications & Transportation, hosted a ENGAGING WITH INDIA Armada and Shapoorji visit by an Irish delegation led by Mr Eoghan Murphy (left), Ireland’s Minister of State at the Department of Finance with Special Responsibility for Financial Services, eGovernment and Keppel Shipyard, together Pallonji. Public Procurement with its clients Bumi Armada and Shapoorji Pallonji, hosted IRISH INVESTMENT an Indian delegation led by OPPORTUNITIES ties between Keppel and He was received by senior Mr Dharmendra Pradhan, The data centre market in Ireland, Mr Eoghan Murphy, management from Keppel Honorable Minister of State Ireland has shown steady Ireland’s Minister of State at T&T and Keppel DC REIT (Independent Charge) for growth over the years, with the Department of Finance Management, led by the Ministry of Petroleum internet enterprises and blue with Special Responsibility Mr Thomas Pang, CEO of and Natural Gas, to a visit on chip companies hosting their for Financial Services, Keppel T&T. During the 10 September 2016. data centres in Ireland along eGovernment and Public meeting, Mr Murphy took with international data centre Procurement, along with the opportunity to reiterate Minister Pradhan and his providers such as Keppel a delegation that included the Irish government’s delegation, comprising Data Centres that provide H.E. Geoffrey Keating, commitment to encouraging government officials and high-availability colocation Ambassador of Ireland investment, and discussed national oil company services. to Singapore, called on the post-Brexit business representatives, were in Keppel in the afternoon of landscape. keppelite Singapore for a roadshow As a testament to the warm 21 September 2016.

Keppelite I September 2016 14 Sustaining Growth

Crisis-preparedness

From planning for to assist in rescue efforts infected with MERS. Keppel CRISIS emergencies such as dock and initiate investigations. Housing’s quick response COMMUNICATIONS accidents and flu pandemics within 30 minutes involved TRAINING to equipping senior Mr Ng Seng Chong, Assistant immediate quarantine of the Effective communications management with essential GM, Operations, and affected workers, contact from companies is essential crisis communications Chairman of the Business tracing and issuing an alert. in the event of a crisis. skills, the Keppel Group Continuity Management Concurrently, incoming Academics have found that continuously refreshes its Committee, Keppel FELS, said, and outgoing personnel at companies which respond crisis-preparedness through “Close working relationships the dormitories were also inadequately to crises lost an drills and exercises. with emergency response screened. average of 15% of net share teams and internal parties value in the months following DOCK FLOODING provide the opportunity to Mr Steven Lee, GM of the crisis while the shares In a joint drill on 3 August familiarise ourselves with Keppel Housing, said, of companies managing an 2016, Keppel FELS’ procedures and respond in a “As a large number of effective response conversely emergency response teams systematic manner. This could Keppel’s workforce reside gained 5% over the same were called into action be the difference between life in Keppel Housing’s lodges, period of time. in a simulated puncture and death.” we regularly conduct such of the yard’s dock gate exercises to train our people On 22 August 2016, that causes the drydock FLU PANDEMIC and improve coordination Keppel Corporation’s Group to flood. Response from As part of preparedness in with the shipyards and Corporate Communications Keppel and the agencies handling flu pandemics in external agencies. We are organised a crisis involved was rapid – Singapore such as Zika and also taking measures to communications and media affected workers were MERS-CoV, Keppel Offshore address Zika, such as ultra- training session for senior immediately evacuated to & Marine’s Pandemic Flu Task low volume misting and management from Keppel DC the assembly area, while Force oversaw an exercise thermal fogging.” REIT Management and Keppel a forward command post across six consecutive days, Data Centres. The rigorous was set up at the incident starting from 23 August Besides Keppel Housing, training brought management site to coordinate response 2016. Keppel’s yards have also through simulated emergency activities. Officers from the conducted their own flu scenarios and a mock Singapore Civil Defence The scenario found two pandemic exercises and are press conference to boost Force and the Singapore residents of Keppel Housing taking measures to eliminate their preparedness in such

Police Force were activated in contact with a person mosquito breeding sites. scenarios. keppelite

Keppel Housing personnel are trained and equipped to screen all residents for symptoms of Keppel regularly keeps its senior management prepared to respond in the face of any crisis flu during a pandemic

Keppelite I September 2016 Sustaining Growth 15

Enhancing corporate governance

Workshops such as the Train-the-Trainer cum Compliance Training for Management equip Keppelites with the knowledge and tools to conduct trainings for their respective business units

Keppel consistently takes a This programme is part of of global companies and the sharing of best practices balanced approach to risk the Group’s ongoing efforts the challenges commonly across the Group’s risk and management and maintains to strengthen regulatory faced when implementing compliance teams. a strong commitment to compliance and equip compliance programmes. good corporate governance. designated trainers in Keppel During this year’s session, the with the knowledge and Mr Suam Chee Kit, AGM invited speakers shared best The Group organised two tools to conduct regulatory of Risk and Compliance, practices in risk management workshops in August to compliance training for their Keppel Offshore & Marine, and advocated for greater enhance competency in risk respective local and overseas shared, “This programme collaboration among the and compliance across the business units. has provided me with a internal audit, finance, Group. better grasp of the Group’s human resources and legal Using a combination of regulatory compliance teams in strengthening COMPLIANCE TRAINING interactive lectures, case policies so that we can better governance. On 29 and 30 August 2016, studies and quizzes, trainers train our staff.” members of the Group of the workshop covered The session concluded with a Regulatory Compliance topics such as code of ANNUAL RISK AND review of risk and compliance Working Team attended the conduct, conflict of interest, COMPLIANCE MEETING activities in 2016 and the inaugural Train-the-Trainer anti-bribery, whistle-blowing Held on 30 and 31 August work plan for 2017. keppelite cum Compliance Training policies and competition 2016, the Annual Risk and for Management law. Participants also learnt Compliance meeting aims to programme. about the best practices facilitate collaboration and

Keppelite I September 2016 16 Special Focus

Conserving a freshwater forest wetland in the city Come early 2017, members of the public will be able to experience a unique natural habitat in the heart of the city for the very first time, with the opening of the Keppel Discovery Wetlands at Singapore Botanic Gardens. The National Parks Board (NParks) and Keppel Corporation unveiled plans to restore a 1.8-ha freshwater forest wetland historically found in the vicinity of the Gardens, and enhance the biodiversity found there.

Mr Lawrence Wong (seventh from right), Minister for National Development and Second Minister for Finance; Dr Lee Boon Yang (eighth from right), Chairman of Keppel Corporation; Mr Loh Chin Hua (sixth from right), CEO of Keppel Corporation; Mrs Christina Ong (fifth from right), Chairman of National Parks Board; Prof Leo anT (far left), Chairman of Garden City Fund; Mr Kenneth Er (fourth from right), CEO of NParks and volunteers from Keppel at the Keppel Discovery Wetlands at Singapore Botanic Gardens

Keppel has committed Corporation’s contribution, plant collection of over for the Keppel Discovery $2.08 million to the Garden the restored freshwater 200 species. It will enhance Wetlands. In marking the City Fund to support the forest wetland will be the biodiversity found occasion, Minister for restoration of a freshwater named the Keppel Discovery in the area and provide National Development forest wetland ecosystem Wetlands. Located in an opportunities for the public and Second Minister for historically found in the upcoming Learning Forest to access and experience a Finance, Mr Lawrence vicinity of the Singapore extension of the Singapore freshwater forest wetland Wong; Chairman of Keppel Botanic Gardens, which is Botanic Gardens, the habitat right in the heart Corporation, Dr Lee Boon Singapore’s first UNESCO restored 1.8-ha forest will of the city. Yang; and CEO of Keppel World Heritage site. be designed with ecological Corporation, Mr Loh considerations in mind, and On 27 August 2016, NParks Chin Hua planted a Keppel In recognition of Keppel include a carefully curated and Keppel unveiled plans Tree at the Wetlands.

Keppelite I September 2016 17

Senior management from at the Wetlands. They In addressing audiences at the worked very hard to build the Keppel Group, including were joined by over 50 unveiling of plans ceremony, a Garden City. So let us CFO of Keppel Corporation, Keppel Volunteers, who Minister Lawrence Wong uphold that same spirit and Mr Chan Hon Chew and planted trees of various highlighted the importance ideals – to enhance our CEO of Keppel Capital, species, as a symbol of of conserving Singapore’s greenery and biodiversity, Ms Christina Tan, gamely Keppel’s commitment flora and fauna. He said, and make Singapore a City rolled up their sleeves towards environmental “Our founding leaders in a Garden.” to plant Keppel Trees conservation. and pioneer generation Minister Lawrence Wong acknowledged Keppel’s contribution in restoring the wetlands. He remarked, “We would like to sincerely show our appreciation to Keppel for their support for the wetlands restoration project. Keppel will be making a contribution for the creation of habitats, trails and boardwalks, as well as a plant collection of more than 200 species. But it is not just financial contributions. Keppel has also committed to volunteer at the Wetlands starting today. They will be

Minister for National Development and Second Minister for Finance, Mr Lawrence Wong (in red, second from right) and Chairman of Keppel helping us to plant trees Corporation, Dr Lee Boon Yang (in red, first from right) as well as senior management from Keppel toured the Keppel Discovery Wetlands later. I hope that many more corporations will join us to protect and enhance the Gardens. The Botanic Gardens is our first UNESCO World Heritage Site. It is our national treasure, one that belongs to all Singaporeans. We want everyone to be able to play a part in its future.”

Dr Lee Boon Yang shared, “This initiative to restore and conserve a unique freshwater wetland habitat resonates with Keppel’s commitment to sustainability. We believe that Singapore’s natural heritage is a precious resource and all Singaporeans share a Keppel senior management, including (from L-R): Mr Edmund Lek, ED (Operations), Keppel Singmarine; Mr Tan Swee Yiow, President (Singapore), Keppel Land; Ms Christina Tan, CEO, Keppel Capital; Mr Wong Wai Meng, CEO, Keppel Data Centres; Mr Chan Hon Chew, CFO, Keppel Corporation; Mr Ho Tong Yen, GM of Group Corporate Communications, Keppel Corporation; and Mr Robert Chong, Director of Group Human Resources, Keppel Corporation, planted Keppel Trees alongside Keppel Volunteers Continues on page 18...

Keppelite I September 2016 18 Special Focus

...continued from page 17.

responsibility to care for the for the Keppel Discovery Boardwalk, Pulai Marsh and the Pulai Marsh will enable environment. Wetlands, engaging schools Discovery Trail. native species in the area and community groups so to flourish, and provide a “The Wetlands will be of that students and other A highlight for visitors at the refuge in the city for wetland aesthetic and educational visitors can discover and Keppel Discovery Wetlands wildlife to thrive. value, and beyond that, will learn more about this will be the Orchid Islands, inspire more Singaporeans freshwater swamp where they will be able to see At the Botanists’ Boardwalk, to discover, understand and ecosystem and its flora and and experience a large variety visitors will be able to learn embrace our biodiversity.” fauna”. of native orchids in bloom, at about the historic discoveries the same time. made by the Gardens’ earliest Dr Lee added, “Keppel KEY FEATURES botanists, who contributed strongly encourages our The habitats in the Keppel The Pulai Marsh is a to the knowledge of the employees to get involved in Discovery Wetlands will be recreation of the freshwater region’s flora by making community service. complemented by trails and swamp habitat historically frequent expeditions to boardwalks. Features of the found in the vicinity of the study the plants growing in “Keppel Volunteers will Wetlands will include the Singapore Botanic Gardens various localities and habitats serve as Green Ambassadors Orchid Islands, Botanists’ area. With its restoration, throughout Southeast Asia.

keppelite

Green ambassadors

Over 50 Keppel Volunteers planted trees of various species at the Keppel Discovery Wetlands, as a symbol of Keppel’s commitment to environmental conservation

The excitement among the species of trees being Shipyard enthused, “Despite the Keppel Discovery Keppel Volunteers was planted, Keppelites formed the hard work involved, Wetlands opens in 2017, palpable as many of them teams, taking turns to shovel spirits among the volunteers and we are excited to were planting saplings for soil and adjust the saplings. are high as we find meaning explore opportunities the first time. After being in conserving Singapore’s to work with NParks to briefed on basic planting Tay Jia Wei, Vice President natural heritage. We look engage Singaporeans to techniques by NParks of Keppel Volunteers and forward to seeing how the learn about Singapore’s officers and learning about Commercial Officer, Keppel saplings have grown once biodiversity.”

Keppelite I September 2016 Sustaining Growth 19

Hallmarks of excellence

Keppel Land and Alpha landmarks, Keppel Land Investment Partners (Alpha) was named Overall Best bagged top awards for Developer for Singapore, excellence at Euromoney Vietnam and Myanmar. Real Estate Awards 2016, These awards in the attesting to Keppel’s Developers category further commitment of staying at cements its position as one the forefront of its chosen of Asia’s premier property industries. companies.

The annual Euromoney Real Fund manager, Alpha, a Estate Awards ranks the best wholly-owned subsidiary of developers, advisors, banks Keppel Capital, increased and investment managers its position in the survey globally. ranking to the top spot as the Best Investment Keppel garnered a slew of accolades at the recent Euromoney Real Estate Awards 2016, For its efforts in shaping Manager for Real Estate in including Overall Best Developer in Myanmar for Keppel Land. The company had opened its city skylines with distinctive Singapore. keppelite new Inya Wing at Sedona Hotel Yangon (pictured) earlier in May this year

Taking the helm

Mr Tay Lim Heng has been at Keppel Corporation, Tianjin Eco-City project in designated as CEO of the Mr Tay previously held various different capacities since Sino-Singapore Tianjin positions in the Keppel Group, 2009. He brings to the Eco-City Investment and including CEO of Keppel project a wide range of Development Co. Ltd (SSTEC) Integrated Engineering experience from both the with effect from 1 October and concurrently ED of Keppel Group and the public 2016. He takes over from Sustainable Development sector. I am confident Lim Mr Liew Choon Boon, who for the Keppel Group, as well Heng can provide effective has resigned for personal as MD of Waste-to-Energy leadership to SSTEC reasons. Mr Tay will also hold at Keppel Infrastructure in the next phase of the a concurrent appointment as and concurrently MD of Eco-City’s development.” Advisor on Eco-City matters Keppel Seghers. in the Singapore Ministry of Mr Loh also thanked National Development. Mr Loh Chin Hua, CEO of Choon Boon for his Keppel Corporation, said, contributions to the

Currently the Director of “Lim Heng has been involved Eco-City project. keppelite Mr Tay Lim Heng Group Risk and Compliance in the Sino-Singapore

Keppelite I September 2016 20 Sustaining Growth

Promoting corporate social responsibility

To promote greater panel discussions centred exchange on Corporate on creating an ecosystem Social Responsibility (CSR) that rewards sustainable and social innovation issues, businesses and enables Keppel provided support ground-up innovation to as a Gold Partner of the flourish. CSR and Social Innovation Forum. Jointly organised In his opening address, by Global Compact Guest-of-Honour Network Singapore and Mr Tharman Social Innovation Park, the Shanmugaratnam, conference was held over Singapore’s Deputy Prime two days from 1 September Minister and Coordinating 2016 at the Suntec Minister for Economic and Singapore Convention & Social Policies, encouraged Exhibition Centre. companies to be active in Mr Tharman Shanmugaratnam, Singapore’s Deputy Prime Minister and Coordinating Minister for Economic and Social Policies, shared insights on catalysing social change at the CSR and pursuing social missions. Social Innovation Forum, of which Keppel is a Gold Partner Themed ‘Co-creating the Future Economy He shared, “When culture. People are more themselves as employees. through Sustainability and companies do good for motivated to come to work They are not just employees, Innovation’, the event the community, something and they develop a different but citizens with an added

comprised presentations and happens in their internal type of relationship amongst mission. keppelite Green advocate

As a leading sustainable building tradeshow held Beyond supporting developer, Keppel Land in conjunction with the conferences and trade regularly supports conference. shows, Keppel Land also initiatives and events recently played host to that contribute toward An anchor event of two study groups from enhancing a sustainable the Singapore Green the National University of built environment. Building Week which Singapore and Queenstown took place from 5 to Secondary School in August. In September, Keppel 11 September 2016, The students were given Land supported the the International Green tours of Bugis Junction and International Green Building Conference Ocean Financial Centre Building Conference 2016 gathered thought leaders where they were introduced as a Gold Sponsor and and industry players from to the numerous eco-friendly Walking the green talk, Keppel Land incorporates eco-features in its buildings was one of the supporting over 30 countries to features. keppelite wherever possible, including the urban farm organisations in Build Eco exchange insights in green atop its corporate office at Bugis Junction Towers (pictured) Xpo (BEX) Asia, a green building development.

Keppelite I September 2016 Sustaining Growth 21

Spurring Innovations

Specialised capabilities

With an impressive track crane, large deck space and and constructed to vessel on projects requiring a record of more than 400 accommodation for up to accommodate a deepwater, combination of pipelay, heavy newbuild vessels, Keppel 400 personnel, this vessel is 500-tonne flexlay system lift and offshore workforce Singmarine has developed capable of installing pipelines that can be installed at a accommodation that would strong expertise in designing with diameters ranging from future date, giving the owner normally have to be executed and constructing specialised 4.5 to 60 inches, in waters the flexibility to provide by multiple vessels. We also units that can effectively up to 10,000 feet in depth. value-added services to meet expect DLV 2000 to provide meet market needs. The vessel also has a fast the needs of the evolving McDermott with a key asset transit speed of 14 knots market. for field development in DLV 2000, a high- and a large 43,000 square remote locations through specification deepwater foot open deck for the “Fast, powerful and the combination of these derrick lay vessel, is one of the transportation and assembly versatile, DLV 2000 gives versatile construction latest state-of-the-art vessels of large subsea structures, McDermott the capabilities capabilities and fast transit successfully delivered by enabling safe and efficient to undertake projects that speed.” Keppel Singmarine in recent stand-alone operations in will expand our portfolio years. Built to the proprietary remote areas. of target markets,” said The project was recognised design of Marine Technology David Dickson, McDermott’s for its innovative design Development, Keppel’s ship Although DLV 2000 President and CEO. and construction approach design and technology arm, is designed to carry out at the 2015 Keppel DLV 2000 is the flagship pipelaying using the S-lay “As the new flagship of Offshore & Marine vessel in McDermott’s fleet of installation method, the our fleet, this will allow Innovation Awards, where global offshore pipelay and vessel has been designed McDermott to utilise one it clinched the Silver award. construction vessels. keppelite

Attesting to Keppel’s commitment to explore innovative and ever more efficient methods of design and construction, DLV 2000 was also Keppel’s first vessel to be completely designed using the 3D graphing software, Smart3D. The software enables designers to do a virtual walkthrough of the model, resulting in less revisions during the construction phase and shortened project schedules.

Equipped with S-lay For its time and materials-saving innovative design and construction approach, DLV 2000 clinched the Silver award at the 2015 Keppel capabilities, a heavy lift Offshore & Marine Innovation Awards

Keppelite I September 2016 22 Sustaining Growth

Tapping insights

In the face of industry are in a good position to – industrial, hospitality, and opportunities facing the disruptors and headwinds, weather the down-cycle office and retail. This was REIT market. Singapore Real Estate and adapt to the disruptors one of the key takeaways Investment Trusts (S-REITs) affecting all property sectors from a media roundtable Ms Ng shared that in spite discussion hosted by of the challenges currently Macquarie Securities facing the office market featuring property industry in Singapore, Keppel REIT leaders on 31 August 2016. remains in good stead due to the Manager’s continued Participants of the focus on tenant retention roundtable included Ms and attraction, which Ng Hsueh Ling, CEO of enables the REIT to maintain Keppel REIT Management a healthy and long lease and the CEOs of S-REITs and expiry profile. Keppel REIT business trusts such as AIMS also remains committed to AMP Capital Industrial REIT, provide sustained returns for Ascott Residence Trust and Unitholders over the long (From L-R) Ms Ng Hsueh Ling, CEO of Keppel REIT Management; Mr Ho Sing, CEO of Starhill Starhill Global REIT, who term. keppelite Global Reit Management; Mr Soong Tuck Yin, ED of Macquarie Securities and moderator of the discussion; Mr Ronald Tay, CEO of Ascott Residence Trust Management and Mr Koh Wee discussed the challenges Lih, CEO of AIMS AMP Capital Industrial REIT, at the media roundtable

Logistics leadership

As a premier logistics and Keppel Logistics’ experience deliveries to the polyclinics, and dramatically reducing

supply chain solutions in enhancing the distribution freeing up valuable time of costs. keppelite provider, Keppel Logistics has model of its customer, trained medical professionals nearly 50 years of experience Singhealth Polyclinics. in helping its customers manage and improve their Mr Boo introduced logistics operations in conference attendees to the sectors ranging from Fast complexities of healthcare Moving Consumer Goods logistics and its time-critical to specialised areas such as nature, as it is important healthcare. that medical supplies reach their destinations On 18 August 2016, within a tight time frame. Mr Desmond Boo, GM, He outlined how utilising Business Development, Keppel Logistics’ supply Keppel Logistics, was invited chain solutions, Singhealth to the Singapore Healthcare Polyclinics was able to Supply Chain Management streamline its distribution With its extensive experience in specialised supply chain solutions, Keppel Logistics helped its Congress 2016 to speak on network of suppliers and its customer, Singhealth Polyclinics to enhance the efficiency of its distribution networks

Keppelite I September 2016 Sustaining Growth 23

Growing with Brazil

On 6 September 2016, Keppel FELS Brasil’s BrasFELS shipyard held an advance celebration to commemorate Brazil’s Independence Day together with its employees.

Customers including Petrobras and MODEC, as well as members of the community joined in the celebrations. These included Angra dos Reis’ Secretariat of Education, Science and Technology, Ms Jane Aparecida da Rocha; Port Official, Mr Omar Neves and representatives from Cornelis Verolme Scouts and Polo Musical Educacional Yumi Imanishi Faraci (Polo BrasFELS staff celebrated Brazil’s Independence Day together with members of Polo Musical Educacional Yumi Imanishi Faraci and Cornelis Verolme scouts Musical). The festivities included live music in a collaboration between the hard work. Our successes Polo Musical band and were only possible with the BrasFELS employees. teamwork and support of our customers as well as In conjunction with the government, institution and celebration, BrasFELS held community partners. a safety awards ceremony during which four employees “Even as we celebrate our were presented with past successes, we must tokens of appreciation continue to keep our eyes for their exemplary on the future. As long safety performance and as we work together as contributions towards a OneKeppel, BrasFELS will strong safety culture in the survive this challenging shipyard. period and emerge stronger than before. Recipients of the BrasFELS Safety Awards together with Mr Marlin Khiew, President of Mr Marlin Khiew, President BrasFELS of BrasFELS, said, “BrasFELS’ “I want to encourage achievements over the years everyone to continue our projects safely, on time, safety and productivity so as did not come easy. They observing our Core Values, within budget and to high to bring BrasFELS to greater were the results of our Operating Principles and quality standards. Please heights.” keppelite combined dedication and four golden pillars – execute also continue to prioritise

Keppelite I September 2016 24 Empowering Lives Lives

Acing the course

Senior management from Keppel Offshore & Marine led by CEO Mr Chow Yew Yuen (first row, fifth from right), and Mr Chong Tow Chong (first row, sixth from right), Provost, SUTD, celebrated the completion of the inaugural KTED programme with its graduates

Nine months of intensive and overseas shipyards with industry leaders, Guan, Deputy Engineering studying and learning finally threw their imaginary mortar researchers and academics Manager, Keppel FELS, paid off for the pioneer batch board caps into the air and from renowned institutions shared, “The KTED of participants in the inaugural celebrated the completion of such as the Massachusetts programme provided Keppel Offshore & Marine their course. Institute of Technology. a valuable platform for (Keppel O&M) Technology participants across different and Engineering Development Conceived as a partnership During the course, business units to share ideas programme (KTED). At a between Keppel O&M and participants also collaborated and knowledge, as well as to graduation ceremony held SUTD, the programme within multi-disciplinary develop innovative solutions

at the Singapore University is designed to deepen teams to innovate and to meet market needs.” keppelite of Technology & Design participants’ industry transform their ideas into (SUTD) on 13 August 2016, knowledge by providing value-added solutions for 45 Keppelites from local learning opportunities Keppel O&M. Chan Beng Dedication to defence

As a homegrown the Total Defence Awards on and Ministry of Foreign accolade awarded to conglomerate, Keppel is 26 August 2016. Affairs, present Keppel FELS, individuals, businesses dedicated to playing a Keppel Singmarine and or organisations for their vital role in Singapore’s Organised by the Singapore Keppel Telecommunications exemplary support towards defence and supporting Ministry of Defence (MINDEF), & Transportation with the NS Total Defence and in its employees’ National the Total Defence Awards Advocate Award for Large particular, NS. A total of 34 Service (NS) commitments. gala dinner saw Dr Mohamad Companies. companies were recognised The collective efforts of the Maliki Osman, Senior Minister in the Large Companies

Group were recognised at of State, Ministry of Defence This award is the highest category this year. keppelite

Keppelite I September 2016 Empowering Lives 25

Forging closer ties

The Keppel Group regularly organises teambuilding and engagement activities to build greater rapport among Keppelites and foster a strong sense of belonging within their departments and across business units.

FARM TO TABLE More than 30 Keppelites from Keppel Telecommunications & Transportation (Keppel T&T) enjoyed an enriching morning at Bollywood Veggies on Sunday, 24 July 2016. Together with their Staff from Keppel REIT Management had hands-on experience crafting personalised leather goods in a team-bonding activity organised by the Manager families, they learned about the cultivation of everyday foodstuff like rice and fruit, During the workshop, excited and the food supply chain chatter and hammering process from rice paddy to sounds filled the studio supermarket shelves. as Keppelites crafted their leather goods from scratch. Getting their hands dirty, Keppelites and their families Keppel REIT Management also had the opportunity to also organised a talk for plant their own rice saplings, its staff given by former which impressed upon them national gymnast Ms Eileen the importance of reducing Chai on 24 August 2016. food wastage. Ms Chai, who is now a violin teacher, performer STITCH A BOND and author of a biography, Over at Keppel REIT shared with employees her Management, 30 staff life journey and how she spent a productive afternoon overcame adversities to be bonding over creating where she is today. personalised cardholders and coin pouches at a The sharing session also leather-crafting workshop included a violin performance organised by the Manager by Ms Chai and eight of her Keppelites from Keppel Telecommunications & Transportation and their family members got on 1 September 2016. protégés. keppelite their hands dirty for an educational cause, planting their own rice saplings and learning about the food supply chain in the process

Keppelite I September 2016 26 Empowering Lives

Netting the prize

As Keppel Games builds up to its finale, excitement and TEAM GOLD SILVER BRONZE tension at the remaining ATLANTIC 8 8 6 games continued to swell, showing no signs of abating. CASPIAN 9 9 12 The Netball Challenge was filled with cheers and PACIFIC 7 7 6 electrifying applause at Score Board: Total medal tally as of 4 September 2016 Delta Sports Complex on 4 September 2016 as teams While team Caspian emerged from Atlantic, Caspian and victorious over team Atlantic Pacific locked horns with by a slight one point margin one another. in the Mixed Challenge, it was eventually team Pacific’s It was an all-out battle elegant moves and precise between the Caspian and passing in both Challenges Atlantic teams in both the that helped them clinch the Street and Mixed Challenges, Overall Champions’ Title as the latter’s fiery fighting for Keppel Games’ Netball spirit was challenged by Challenge 2016 in the face the almost telepathic of strong resistance from the It was a battle of mettle and speed as the netball players from teams Pacific, Caspian and Atlantic clashed on the court coordination of the former. other two teams. keppelite

Warm welcome for new Keppelites

Recognising people as employees to reach their This was one of the key Finance Executive at Keppel Keppel’s most valuable fullest potential. In Keppel, messages that Mr Loh Data Centres. “I have learnt resource, the Group is employees enjoy not just a Chin Hua, CEO of Keppel more about the Group, our committed to enabling its job, but also a career. Corporation, shared in core businesses and our his address to more than strategy moving forward.” 80 new Keppelites at the Keppel Group Orientation The full day orientation held on 14 September programme provided 2016. Mr Loh also touched opportunities for new on Keppel’s multi-business Keppelites to network with strategy, and encouraged senior management and new Keppelites to seize the learn about the Group’s vast opportunities that a various businesses through multi-business group offers. site visits. They were also introduced to Keppel “Today’s orientation was Volunteers and Keppelite

The Keppel Group Orientation included site visits to subsidiaries such as Keppel DHCS to allow both informative and Recreation Club. keppelite participants to understand Keppel’s multifaceted business better interactive,” said Karen Lo,

Keppelite I September 2016 Empowering Lives 27

Keppelites Around the World

Embracing the Indonesian way of life

When Yee Kee Kong, cultures is one of the reasons guidelines were enforced has also become quick to Assistant GM at Keppel why Kee Kong enjoys taking and adhered to. find ways to adapt to small Land, first moved to Jakarta, on an overseas posting. speed bumps along the way. Indonesia, he experienced He is now able to speak what the saying ‘patience is Originally from Malaysia, Kee basic Bahasa Indonesia, the He shared, “My biggest a virtue’ truly means. Kong attained Singapore country’s official language, challenge was adapting to permanent residency and and has also adapted to the way how things get He said with a laugh, started working with Keppel the challenges that come done. It is not as simple “Indonesians are very Land in 2007. He was posted with living and working in a as giving instructions; you gracious and patient. This to Jakarta in 2012 to manage foreign land. need to connect with the is evident in the simplest of the International Financial locals and be ready to sort everyday activities such as Centre Jakarta Tower Two “My life in Jakarta has been things out personally when taking the lift! For example, project after working on the an interesting journey so far. things do not go according at a lift lobby in Singapore, Marina Bay Financial Centre Over the past four years, I have to plan.” you can see Singaporeans in Singapore. learnt a lot about running repeatedly pressing buttons projects in Indonesia and Away from the office, for the lift and checking their Kee Kong’s responsibility for the way of life here, which is Kee Kong loves trying watches. In Jakarta, when the International Financial something I enjoy immensely different local delights such Indonesians miss a lift, they Centre Jakarta Tower Two with every new overseas as rendang (a spicy meat will use that opportunity for project included overseeing stint,” said Kee Kong. dish with coconut milk), a chat.” the overall development of satay (barbecued meat on the tower and to ensure Having adapted to the locals’ skewers) and seafood. Such experiences with new that international safety easygoing spirit, Kee Kong His greatest takeaway from his stint?

“Living here has taught me to have a more global mindset. This will enable me to thrive anywhere. I will recommend that anyone with the opportunity for an overseas posting to go for it! Just be ready to interact with people from different backgrounds and be flexible at work. Keep an open mind and embrace the differences, and you will enjoy the

experience,” he shared. keppelite

Yee Kee Kong, Assistant GM at Keppel Land, has embraced Indonesia with open arms since he started his overseas posting in late-2012, including the great outdoors in the archipelago

Keppelite I September 2016 28 Nurturing Communities Communities

Making a difference

Continuing its efforts to to provide a listening ear to “Through small gestures colleagues and those around nurture the community the residents of the home. I such as making visits, I me to actively participate where it operates, BrasFELS hope that our conversations hope to be able to make in such activities to bring reached out to the elderly and songs have helped to a difference in the lives of a smile to others. I look and did its part for the brighten their day. others. I encourage all my forward to visiting the home environment over the months again.” of August and September. The volunteers also donated FRIENDSHIP ACROSS items such as personal AGES hygiene products and an On Brazil’s National Volunteer adult walker to the home Day which took place on during the visit. 28 August 2016, volunteers from Keppel FELS Brasil’s CLEANING BEACHES BrasFELS shipyard visited the Fourteen BrasFELS volunteers residents of Associação São participated in a beach Vicente de Paulo, an elderly cleanup event held at the home in Angra dos Reis, Rio Amendoeiras beach, Gipóia de Janeiro, Brazil. Island, on 17 September 2016. Leon Ribeiro, Engineer at BrasFELS’ Cost Department The event was held in line and an active volunteer, with the global movement, said, “It was a joy to be able Keppel Volunteers from BrasFELS brightened the lives of the residents of an elderly home in World Annual Coastal Angra dos Reis on 28 August 2016 Clean-Up Day, which is held every year on the third Saturday of September. On this day, volunteers from around the world help to clean up beaches, rivers and waterways by collecting the garbage and promoting environmental education.

BrasFELS has been regularly supporting activities such as cleaning up beaches to create a more sustainable and liveable environment for the community. The beach clean-up activity this year was organised by Angra Surf Club together with Costa

Azul Radio. keppelite BrasFELS volunteers helped to clean up Amendoeiras beach at Gipóia Island on World Annual Coastal Clean-Up Day

Keppelite I September 2016 Nurturing Communities 29

Brazilian rhapsody

Thousands of park goers soprano Taiana Froes enjoyed an evening of perform a repertoire of hits by charming Brazilian music famous Brazilian composers amidst the lush greenery such as Heitor Villa-Lobos, of the Botanic Gardens Carlos Gomes and Chiquinha on 11 September 2016 Gonzaga. She was supported during PianoBotanica, an by homegrown Singaporean annual outdoor concert that pianist Benjamin Boo. celebrates the friendship between Brazil and The evening ended on a high Singapore. note when Froes wowed the audience with her Keppel Offshore & Marine surprise finale performance, was once again the a soprano rendition of the presenting sponsor of the classic Singapore National Celebrating the friendship between Brazil and Singapore at PianoBotanica were (from L-R): classical music event, now Day Parade theme song, Mr Ho Tong Yen,GM of Group Corporate Communications, Keppel Corporation; Mr Flávio Soares Damico, Brazil’s Ambassador to Singapore; Singaporean pianist Benjamin Boo; into its fourth year. This ‘Home’. keppelite Brazilian soprano Taiana Froes and Mr Marros Sawaya Jank, Vice President (Corporate Affairs year’s concert saw Brazilian & Business Development) BRF Asia (Image Credit: Embassy of Brazil in Singapore)

Carnival in the Eco-City

More than 3,000 residents Co., Ltd and Sino-Singapore and tenants from the Sino- Tianjin Eco-City Community Singapore Tianjin Eco-City Service Centre. (Sino-Singapore Eco-City) thronged a carnival held in The carnival, which was the city’s Eco-Business Park held for the second year, to celebrate the Mid-Autumn aims to create vibrant Festival on 10 September social spaces and promote 2016. harmonious living among the Sino-Singapore Eco- Themed ‘Lively City, Fun City residents and tenants Carnival’, the event was by fostering interactions. organised by Sino-Singapore In addition to games and Tianjin Eco-City Investment performances, carnival-goers and Development Co., were treated to an array of Ltd, (SSTEC), the master Southeast Asian delicacies developer of the city, in such as Singapore’s iconic Residents and tenants of the Sino-Singapore Eco-City had a thrilling time at the Mid-Autumn collaboration with Tianjin Nyonya Kueh, Thai curry crab Festival carnival organised by SSTEC Eco-City Shengheng Eco- and Vietnamese spring rolls.

Maintenance and Services keppelite

Keppelite I September 2016 30 Nurturing Communities

Sharing mid-autumn cheer

In conjunction with the Mid- tenants from Ocean Financial as well as invited guests on 8 September 2016 for autumn Festival and Keppel Centre, directors and staff of gathered at the open plaza the Light-a-Lantern event REIT’s 10th anniversary, Keppel REIT Management, of Ocean Financial Centre organised by Keppel REIT Management.

The event venue was adorned with beautiful hand-painted lanterns and creative visuals that were courtesy of the Muscular Dystrophy Association Singapore (MDAS). On top of the visual treat, guests savoured mooncakes of different flavours with Chinese tea, while being regaled with the melodies of a Chinese string ensemble.

Sharing the festive joy with MDAS, the Manager donated $10,000 to the association, while directors and staff of Keppel REIT Management further contributed personal donations amounting to

$6,000. keppelite

Ms Ng Hsueh Ling, CEO of Keppel REIT Management (far right) and directors of the Keppel REIT board (second from left, from L-R) Mr Tan Chin Hwee, Mr Lor Bak Liang and Mr Lee Chiang Huat, presented two cheques totaling $16,000 to MDAS, represented by its ED, Ms Sherena Loh (far left)

Fuel for thought

As far as we can discern, the sole purpose of human existence is to kindle a light in the darkness of mere being.

Carl Jung, late Swiss psychiatrist and psychotherapist

Keppelite I September 2016 Nurturing Communities 31

Moon-gazing fun

The Mid-Autumn Festival is Keppel FELS, and Mr Tan had much to learn from the children from Care Corner a time for reunion among Leong Peng, GM elderly, who eagerly shared (Admiralty) on 15 September family members and for (Engineering), Keppel FELS. with us their life stories. It 2016. renewing friendships. Staying was heartwarming to hear true to the spirit of the Twenty-six Keppel Volunteers the elderly asking us to return Recounting her experience, season, Keppel Volunteers spent the afternoon hand- soon, and we are happy to Chen Jia Hui, Hull Engineer and beneficiaries bonded crafting lanterns with the know that they have enjoyed at Keppel Shipyard, shared, over activities ranging from beneficiaries. The brightly the celebrations.” “Many of the elderly lantern painting to mooncake painted lanterns were needed help in measuring making. then used to decorate the In the lead up to the Mid- the ingredients and crafting activity room before the Autumn Festival, volunteers their mooncakes due to On 15 August 2016, evening’s festivities, where from Keppel Shipyard also their limited motor abilities. volunteers from Keppel beneficiaries, volunteers and organised mooncake-making I was inspired by an elderly FELS organised a Mooncake guests indulged in a variety of workshops for a total of lady, who despite having an Festival celebration for mooncakes, tea, and games. 60 elderly from THK Bedok amputated left arm, took around 55 beneficiaries from and THK Ang Mo Kio on great pride in making sure Thye Hua Kwan (THK) at Timothy Ow, Project Manager 13 and 14 September 2016 each mooncake was made

Taman Jurong. at Keppel FELS shared, “We respectively, as well as 36 to perfection.” keppelite

This event was graced by wife of Singapore’s Deputy Prime Minister Tharman Shanmugaratnam, Ms Jane Yumiko Ittogi, who was accompanied by Taman Jurong Constituency Director, Mr Darren Fung and Thye Hua Kwan CEO, Mr Kenny Lim. Also joining in the celebrations were Mr Mohamed Sahlan Bin

Salleh, ED (Operations), Keppel Volunteers and beneficiaries from THK at Taman Jurong enjoyed time together with lantern painting, games and feasting

Joining in the celebrations were Ms Jane Yumiko Ittogi (in yellow), wife of Singapore’s Deputy Prime Minister Tharman Shanmugaratnam; Mr Mohamed Sahlan Bin Salleh (second from right), ED (Operations), Keppel FELS and Mr Tan Leong Peng (first from right), GM Senior friends at THK were over the moon with the snowskin mooncakes they made with (Engineering), Keppel FELS. They were joined by Mr Lee Kim Siang (in blue), Chairman of Thye Keppel Volunteers Hua Kwan Group of Charities, and Mr Goh Peng Tong (in white), Chairman of Taman Jurong Citizen’s Consultative Committee

Keppelite I September 2016 BackPage 32

Specialised conversion

Celebrating the naming of Armada Kraken were management from Keppel, Bumi Armada and EnQuest, the charterer of the vessel (starting third from left): Mr Chor How Jat, MD of Keppel Shipyard; Mr Chow Yew Yuen, CEO of Keppel Offshore & Marine; Yang Amat Mulia Tunku Ali Redhauddin Ibni Tuanku Muhriz, Chairman of Bumi Armada and Mr Amjad Bseisu, CEO of EnQuest

Keppel Shipyard Mr Michael Chia, MD Mr Leon Harland, Chief Department of Energy & commemorated a Floating (Marine & Technology) of Executive Officer of Bumi Climate Change regulations Production Storage and Keppel Offshore & Marine, Armada, said, “Armada and is classed by DNV GL.” Offloading (FPSO) vessel said, “We are happy that our Kraken marks Bumi Armada’s conversion project for Bumi long-standing client, Bumi entry into the North Sea Keppel Shipyard’s work on Armada Berhad (Bumi Armada, has trusted us to and it underscores our the Armada Kraken project Armada) with a naming deliver its first FPSO unit to commitment to deliver a involved refurbishment ceremony on 27 August operate in the North Sea. high-quality bespoke FPSO and life extension works, 2016. The Armada Kraken project that is designed to meet upgrading of living quarters serves to further strengthen the challenges posed by to accommodate 90 The FPSO, named Armada our track record in converting the North Sea’s harsh personnel, installation of Kraken, is a harsh- sophisticated FPSOs that environment using proven an internal turret mooring environment FPSO unit that are designed to operate technology. system as well as the is designed to operate under under harsh environmental installation and integration a stringent regulatory regime conditions. “Incorporating a number of of topside process modules.

in the North Sea. The FPSO unique features to ensure a keppelite vessel, which has a design “The successful naming safe, reliable and economical life of 25 years without dry- of Armada Kraken marks operation, the FPSO is built docking, will be deployed to fifteen conversion/upgrading in compliance with the strict produce heavy oil found in projects that Keppel and Bumi regulatory guidelines as the Kraken field in the UK Armada have completed defined by the UK Health sector of the North Sea. together,” he added. and Safety Executive and Printed on recycled paper Printed on recycled

Keppelite I September 2016