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This deal (with CapitaLand) will provide guidance for the development of SORA-pegged loans, pave the way for greater market acceptance and help such loans gain traction in the market," said our Head of Global Corporate Banking, Ms Elaine Lam.
Markets have been ‘disconnected from reality’ and do not reflect the state of the economy, says our Executive Director for Investment Strategy, Vasu Menon, in a Bloomberg interview. Markets have been pricing in optimism about a V-shaped recovery from Covid-19 and expecting a rebound in 2H2020, but the Fed has cautioned that recovery from the worst downturn in decades would be long and it would be keeping rates low for the foreseeable future.
We’ve resumed face-to-face wealth advisory at our branches, by appointment, for customers who are unable to utilise our virtual wealth advisory services. We’ve also re-opened 3 branches – Bukit Batok, Sun Plaza and White Sands – and our dedicated Premier Banking Centre at Parkway Parade, to support the footfall at branches which has increased by more than 20% since Singapore’s ‘Safe Re-Opening’ on 2 June.
Stock prices are painting a different picture from the gloom of an economic downturn due to the COVID-19 pandemic, says Ms Carmen Lee, Head of OCBC Investment Research.
Our customers can now plan their finances and get wealth advisory virtually. Our virtual wealth advisory service, launched during Singapore’s ‘circuit breaker’ period, saw a 45% jump in wealth product sales.
Everyone's focus has been on Covid-19 this year. How has that affected the green movement and what should we expect going forward? Our head of structured finance and sustainable finance Mike Ng shares his thoughts.
The Singapore Government recently unveiled a fourth stimulus Budget this year as more countries emerge from their lockdowns. What can investors expect in the months ahead as the economy heads down the path to recovery? Our Chief Economist Ms Selena Ling and Head of OCBC Investment Research Ms Carmen Lee shared their views and insights in a recent podcast with BT’s Money Hacks.
This year, our #OCBCCares Environment Fund supports the development of tablet detergents to reduce plastic packaging by up to 90%. We have funded 15 ground-up, climate action projects in Singapore since 2017. This year, we will take a hiatus and review our support for climate change projects.
The impact of the financial decisions one makes in troubled times will remain for years. In mid-May, about 1.5 months into the Circuit Breaker period, we conducted The OCBC Financial Impact Survey for COVID-19 to understand how and what Singaporeans do with their finances during the crisis. By truly understanding their needs, our wealth and human resource experts can provide targeted and timely advice to help them move ahead.
Privacy fears surrounding data sharing have largely prevented download en masse of contact tracing apps globally. Understanding how such apps mine data, alongside the benefits that they bring, is key for consumers to consider when deciding whether to share their personal data, said our Head of AI Lab Ken Wong.
