Keppel Corp charts plan for new decade

Singapore

KEPPEL Corporation is drawing up a plan for the new decade leading up to 2030 - one that may involve shedding non-core businesses, according to its chief executive Loh Chin Hua's New Year message to employees on Wednesday.

In an exercise involving about 30 "younger" business leaders from Keppel to discuss the future, there were "significant areas of convergence", such as the need to focus and build on core strengths, divest non-core businesses, tap third-party funds for growth, and build an agile organisational culture, he wrote. "We will take on board these ideas as we chart the company's 2030 vision, with interim targets for 2025," said Mr Loh in the letter sent to all of the conglomerate's directors and staff.