Keppel plays another lead role in ongoing remaking of Singapore Inc

Even before the dust has settled on the potential combination between Keppel Offshore & Marine (Keppel O&M) unit and Sembcorp Marine (Sembmarine), Keppel Corp has moved on to its next target.

In the process of making these big moves, Keppel, which can trace its roots to the naval shipyard left behind by the British long before Singapore had forged a national identity, has emerged in the past year as the Singapore government-linked company most actively moving into economic sectors that need restructuring for the new environment.

When running the entrepot was Singapore’s economic lifeline, Keppel’s business was to support the marine industry with the yards. This was followed by financial services, property and then rigbuilding where Keppel became the market leader, sparked off by the oil boom.

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