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Keppel sets up foundation to channel charity efforts

Published on Sep 10, 2012 6:00 AM
Keppel Care Foundation presents a donation of $4.2 million to NUS in support of Keppel-NUS Vietnam Programme in Medicine, Keppel Chair Professorship Programme, S R Nathan Professorship in Social Work and Toh Chin Chye Programmes with (from left) Mr Choo Chiau Beng, CEO of Keppel Corporation; Dr Lee Boon Yang, Chairman of Keppel Corporation; Guest-of-Honour Mr S R Nathan; HE Tran Hai Hau, Ambassador of Vietnam; Prof Tan Chorh Chuan, NUS President; Prof John Wong, Vice Provost (Academic Medicine) of NUS; and Prof Chan Eng Soon, Dean of the Faculty of Engineering, NUS, at a fund raising concert to celebrate Keppel Offshore & Marine's 10th anniversary at the University Cultural Centre @ NUS on September 9, 2012. -- ST PHOTO: KEVIN LIM

Up to $50 million will be committed by Keppel Corporation over the next decade to its new charity foundation, which was launched on Sunday.

Called Keppel Care Foundation, it will provide assistance for the needy, promote education, and encourage environment-friendly practices.

Dr Lee Boon Yang, chairman of Keppel Corporation, noted yesterday that with the group's growing businesses and worldwide presence, there was a need to sharpen its focus and organise its efforts for worthy causes.

"Hence, we decided to establish a foundation to provide a more structured and sustainable framework for the group's corporate social responsibility work at home and abroad," he said.

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