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OCBC appoints Lee Hwee Boon as head of group HR

OCBC BANK said on Friday (May 27) that it is appointing Lee Hwee Boon as its head of group human resources (HR). She will assume her new role on June 24.

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Brokers’ take: UOBKH downgrades Maybank to ‘hold’ on limited price upside

UOB Kay Hian downgraded its call on Malayan Banking (Maybank) to “hold” as current valuations are likely fair and its share price may have limited upside potential.

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MAS imposes additional capital requirement on OCBC for spoofed SMS response

THE Monetary Authority of SIngapore (MAS) has imposed an additional capital requirement of about S$330 million on OCBC Bank for its deficiencies in responding to a wave of spoofed SMS phishing scams in December 2021.

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MAS slaps additional S$330m capital requirement on OCBC over its response to SMS scams

THE Monetary Authority of Singapore (MAS) has imposed an additional capital requirement of about S$330 million on OCBC Bank for its deficiencies in responding to a wave of spoofed SMS phishing scams in December 2021.

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Azalea’s Astrea 7 PE bonds overall 3 times subscribed at over US$2b

The latest batch of Astrea private equity (PE) bonds, launched by Temasek-backed Azalea Asset Management, was overall 3 times subscribed.

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Bank of Singapore names ex-BlackRock exec as global head of alternative investments and managed solutions

BANK of Singapore (BOS) is appointing industry veteran Robert Reid as its new global head of alternative investments and managed solutions, with effect from May 30.

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Ringgit to continue weakening after breaching RM4.40 mark: analysts

WHEN Laura Lim, a 38-year-old Malaysian who has worked in Singapore for the past 8 years, heard news of the ringgit depreciating to RM3.19 to the Singapore dollar this week, she had mixed feelings about where the Malaysian currency was headed in the coming months.

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Ringgit likely to weaken further after breaching 4.40 against USD: analysts

WHEN Laura Lim, a 38-year-old Malaysian who has worked in Singapore for the past 8 years, heard news of the ringgit depreciating to RM3.19 to the Singapore dollar this week, she had mixed feelings about where the Malaysian currency was headed in the coming months.

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Solv-ing the financing needs of MSMEs in emerging markets

MICRO, small and medium-sized enterprises (MSMEs) across the world have borne the brunt of today’s global supply chain challenges, brought on by the Covid-19 pandemic and compounded by the ongoing Russian-led war in Ukraine.

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OCBC to invest over S$25m in decarbonisation efforts

OCBC will invest more than S$25 million in its operations in Singapore, Malaysia and Greater China in a bid to reduce its carbon footprint.

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