Keppel announces $4.2 million package to support national efforts to combat COVID-19
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.
- 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.
[1] This refers to Enterprise Singapore’s definition of SMEs.
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Keppel Electric will offer a $20 monthly bill rebate, for a period of six months, to existing customers living in 1 and 2-room HDB flats. The rebate is about 40% of the average monthly electricity bill of 1 and 2-room HDB flats.
M1 will provide a $5 monthly rebate on its mobile service, for a period of six months, to existing customers who reside in 1 and 2-room HDB flats.
City Gas will offer a $10 monthly rebate, for a period of six months, to residents of 1 and 2-room HDB flats who use piped town gas. Based on the average monthly gas bill of 1 and 2-room HDB flats, this is equivalent to approximately six months of gas supply.
The above rebates will take effect from 1 May 2020 and are expected to benefit more than 40,000 households in Singapore living in 1 and 2-room HDB flats. A family that is a customer of Keppel Electric, M1 and City Gas is eligible to receive a total rebate of $210 or more.
Eligibility for the rebates would be based on whether the households are existing customers of Keppel Electric, M1 and City Gas as at 1 March 2020. Keppel Electric, M1 and City Gas will communicate with their respective customers directly for further details on the rebates.