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Myanmar opened up fairly recently so it is an attractive country for businesses that are looking to go international. And these days, businesses are more equipped to do so. “In today’s world, where connectivity, communication and mobility are here, we are seeing, especially in Singapore, a lot of companies ready to be international from day one,” says our Head of International, Global Commercial Banking, Chor Sen Tan, in a recent Asiamoney interview about our third consecutive Best International Bank in Myanmar win. Read on to find out more about this frontier market and what opportunities it presents.
We contributed S$1,225,000 to help 1,000 Singaporean needy families to help them tide through the rest of the year; and to further support 55,800 migrant workers under isolation. To avoid duplicating the help everyone else has given so far, we reached out to more than 20 charities, non-government organisations (NGOs) and dormitory operators to understand how we can fill gaps.
We're almost at the #circuitbreaker halfway mark. While most of us are working from home, some of our colleagues have had to continue working in branches and offices to ensure customers get the banking support they need. Thank you all, and Happy Labour Day.
Our Head of Wealth Advisory, Kelvin Goh, chats with Executive Director for Investment Strategy, Vasu Menon, on how investors can navigate the markets in these uncertain Covid-19 times.
Head of Digital and Innovation, Pranav Seth, tells The Business Times what it will take to get the elderly to continue to bank digitally after the Covid-19 crisis subsides. Do old habits die hard?
“Companies and cities are transitioning to low carbon and more sustainable economies, so we expect to see more projects addressing the needs for climate change mitigation and adaptation in coming years," said our head of structured finance and sustainable finance Mike Ng. Read on to find out more about how we are integrating sustainability into banking.
Our ATMs are now safer! All of our ATMs island wide have been sprayed with an eco-friendly coat of disinfectant that has been certified to effectively kill the coronavirus. The ATMs will be wiped down every day with a chemical to reinforce the strength of the disinfectant capability. Customers can also reduce physical contact with the ATM by scanning a QR code with the OCBC Pay Anyone app to withdraw cash, without needing to use a card or keying in their PIN and choices on the PIN pad. We encourage all customers to practice good hygiene and frequent hand-washing to protect themselves. At our branches and self-banking lobbies, hand sanitisers are available for customers’ use during branch opening hours.
We expect to disburse this S$1 billion to small businesses by 30 June 2020 while fully utilising MAS' low-cost Singapore-dollar facility and passing on all cost savings to SMEs. This will bring the interest rate of our government-assisted temporary bridging loan to 2-3%.
Global markets have rebounded spectacularly despite the ongoing Covid-19 health crisis. Is the bull back or is this a bear trap? Our Executive Director of Investment Strategy, Vasu Menon, shared an exclusive commentary with The Straits Times today of his reading of this seemingly paradoxical market event.
Learning doesn’t stop at OCBC Bank. We’re learning and connecting with one another virtually through curated programmes. The silver lining behind the circuit breaker is that our people are transcending time and space to grow together, further, better!
