Keppel sets up foundation to channel charity efforts
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.