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Taking up a business loan may not be a bad thing. When used strategically, you’ll be able to scale up operations and seize timely opportunities. Here’s a guide to business loans for Singapore entrepreneurs.
Earlier in March this year, our staff helped to crack two large-note counterfeit cases. On the first occasion (8 March), eight pieces of $10,000 notes were suspected to be counterfeits by bank teller Michelle Koh (second from right), who then alerted Service Officer Chang Chin Choo (second from left), and Customer Service Manager Cecilia Low (first from left). After police investigations, it was discovered that the elderly owner of the notes had found them in his late father’s belongings and was unaware that they were counterfeit. On the second occasion (21 March), another $10,000 note was suspected to be a counterfeit by bank teller Elaine Tan (first from right) as the feel and security features of the note looked odd. Service Officer Chang Chin Choo and Customer Service Manager Glenda Tan (centre) were then alerted. Upon investigations, the font of the serial numbers was confirmed to be different from genuine notes. The note was traced back to a client of the company that the female customers worked for. Thank you to our alert branch staff!
Digitalising trade finance and cash management solutions is important to us. We are humbled that our efforts have been recognised at The Asian Banker Transaction Awards 2019, where we were honoured for having the Best API Initiative, Application or Programme, Best Digital Trade Finance Platform Initiative, Application or Programme and for being the Best Trade Finance Bank in Singapore. Thank you to our customers for their partnership and trust in us!
The Business China Awards was held earlier this month to honour outstanding individuals as well as organisations for their successes and extraordinary contributions in deepening Singapore-China relations as well as promoting bilingualism and biculturalism. It was attended by over 900 distinguished guests including our CEO Samuel Tsien and guest-of-honour Prime Minister Lee Hsien Loong, who presented the awards to recipients. We are proud to have been associated with the Awards since its inception in 2010 and look forward to continuing to make a positive contribution to strengthening the friendly relations between Singapore and China.
Never give up - that’s Qian Yan’s mantra. She currently runs her online bakery called Qiannybakes and is also part of The Open Vault crew after joining the bank as part of its Graduate Talent Programme. Qian Yan joined The Open Vault with no prior Fintech background, but her openness to ideas and positive attitude are qualities that have helped her excel in her current roles.
Are millennials investment savvy? Almost 75% are keen to start investing but less than 40% consider themselves knowledgeable, based on a FRANK by OCBC survey. Hear it from Vasu Menon, Senior Investment Strategist, as he debunks investment myths and explains how you can start in your 20s with just $100.
We have been on a mission to help our SME customers go digital and organising masterclasses is a big part of that. Special thanks to Xero and JustLogin for providing their expertise at the session last week and we hope all participants enjoyed the session and learned more about the power of data, cloud solutions and the benefits of going digital. Look out for more masterclasses in the coming months. #OCBCxSMEs
What is the key to retaining talents within an organisation? Ms Teo Sze Ling, Head of Business Compliance and winner of the Tripartite Alliance Award 2018 – Workplace Advocate Award for Award for Work-Life Excellence, shares her thoughts at a recent panel discussion on the need for work-life harmony and its importance.
This is a type of risk where the bond issuer may be unable to fulfil all contractually obligated interest payments, due to cash flow issues. This happened in 1998, when the Russian government and Russian Central Bank defaulted on their domestic debt.
The AI postgraduate scholarship is the first to be offered by a Singapore company, and the first by any bank in Asia. #WeSeeYou
