Shell Malaysia Pledges US$31.15 Million For Social Investment

KUALA LUMPUR, Aug 11 (Bernama) -- Shell Malaysia will invest US$31.15 million (RM125 million) over the next 10 years to fund Malaysian talent innovation and competitiveness, says Chairman Iain Lo. "We still have much to contribute towards developing Malaysia's energy resources and exploration, demonstrate our commitment to the local oil and gas industry. "That is not all. We can think of no better – or fulfilling – way to make the future together with Malaysia than through the exponential impact of individual Malaysians," he said. Speaking at Shell Malaysia's 125th anniversary celebration here on Wednesday, Lo said its social investment would include giving out scholarships and sustainable development grants. Others include, "Ideas360', a global competition that connects students to develop ideas to tackle the pressure on the world's food, water and energy as well as road safety and 'LiveWIRE' which helps young entrepreneurs start their own business. "It is our hope that these programmes will help fellow Malaysians - in small or material ways - to excel and power Malaysian progress," Lo added. (US$1 = RM4.01) --BERNAMA