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Congratulations to our Group CEO Samuel Tsien for being recognised as one of the CEOs who took the spotlight in Singapore for 2019! An increased focus on sustainability, digital transformation and investing in digital skills are just some of the reasons for this achievement.
Sustainability has gained significant traction this year as businesses are transitioning towards low-carbon and sustainability-focused business models. These businesses like us, believe that they can do well and do good at the same time, and it was these partnerships that propelled us to the top of these league tables.
2 more weeks to apply for the #OCBCCares Environment Fund! Group Savour! was selected to receive funding from the #OCBCCares Environment Fund earlier at The Green Pitch. Their project, an app to reduce food waste, connects bakeries and buyers. Held on 2 Nov, The Green Pitch saw 12 project owners pitching their climate action solutions and eventually 5 were picked to receive funding. That’s not the end. If you have a good climate action solution, we can help finance implementation. Apply at http://glassdoor.com/slink.htm?key=vMgw7. Closing date: 31 December 2019. Do your part to save tomorrow!
We are proud to be green loan advisor for this loan, which is also the first green loan in Southeast Asia’s hospitality sector. This transaction highlights the urgency in the shift towards green finance in our region and we are committed to working with our customers to uncover new opportunities across industries to finance sustainable initiatives that combat climate change.
Head of Digital and Innovation, Pranav Seth, shared with The Business Times how OCBC is getting ahead of the curve in delivering “actionable financial insights” leveraging AI and customer data. While potential new entrants loom in Singapore’s hyper-competitive banking landscape, Pranav is confident there won’t be “a fundamental life-altering change in the competition.” (Business Times online subscription required)
Alibaba, http://glassdoor.com/slink.htm?key=vMLTX and Tencent are among 2020 stock picks as the e-commerce and Internet sectors are expected to see sustained demand, says our Head of OCBC Investment Research Ms Carmen Lee.
The Enterprise 50 Awards celebrated its silver jubilee last night with an extra special gala. As sponsor of these Awards, we have seen many well-deserving enterprises honoured over the years for their innovation, sustainable business models and ability to transform, and last night was no exception. A big congratulations to all, especially to the top 3 winners Agorae Pte Ltd, Soilbuild Group Holdings Ltd and Valency International Trading Pte Ltd! It is a privilege for us to be a part of your journeys and we look forward to many more years of partnership.
Thanks to our vigilant NEX branch staff, Sheila Chow and Andrea Ng, a customer did not lose $1,500 to a love scam. The duo spent close to five hours trying to convince the customer that she had been duped by her online ‘boyfriend’.
How do we #savetomorrow? That’s a question that the #OCBCCares Environment Fund looks at each year when we call for ground-up, scalable climate action solutions. This year so far, we’ve funded 3 groups of youth. Their creative ideas will help lower CO2 emissions by preventing more food and fashion waste from entering our nation’s incinerators and landfills. If you, too, have a solution to lower our carbon footprints, you can still apply for the Fund. Applications are open until Dec 31. #OCBCCares #Savetomorrow
2020 looks to be a challenging year for the global economy, but our Chief Operating Officer Mr Ching Wei Hong says that investors and businesses should not be overly pessimistic, lest they miss out on interesting investment opportunities. However, they should stay vigilant, given the uncertainties looming over the horizon. At a separate discussion on global economic issues such as the US-China trade war, our Chief Economist Ms Selena Ling predicted that China will cement its lead in advanced manufacturing and technology. "It needs to build its own defences, and be so far in the lead that even the US has no chance of fighting back," she said. The Straits Times Global Outlook Forum is sponsored by OCBC Premier Banking.