PACIFIC International Lines marked its 55th anniversary this year by committing S$2 million in funding for community and charitable causes in Singapore.
PIL donated $500,000 each to the Chinese Development Assistance Council, the Singapore Indian Development Association and Yayasan Mendaki and S$200,000 to the Eurasian Association.
PIL executive chairman Teo Siong Seng said the company recognised the role the four cultural groups played in maintaining harmony in Singapore communities.
He said this round of funding was the company’s first significant community contribution to Singapore since PIL returned to financial health last year.
“We are grateful for the strong support which Singapore has given to PIL, which has enabled us to ride through the most challenging time in our history in the last few years,” he said.
“By leveraging Singapore’s strengths, we are able to continue to progress in our journey as a robust and sustainable company.”
And PIL CEO Lars Kastrup said the company was stepping up its efforts to contribute meaningfully to the communities in the regions it operates in.
“At the end of the day, our aim is to make a lasting and positive impact on people and communities, leveraging on our strengths and competencies,” he said.
The donations were handed to the representatives of the four organisations at PIL’s 55th Anniversary Community Donation Ceremony on 17 October 2022.
PIL said it plans to set up a foundation to strengthen its efforts in corporate responsibility and is pledging S$300,000 as seed money for further charitable contributions.
