4,332 Followers SGX:O39 - Oversea-Chinese Banking Corp Ltd OCBC Bank
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Far East Hospital Trust granted $125m sustainability loan

30 Mar 2021 - Singapore Business Review
Part of the funds will be used to reduce the company's energy consumption. Far East Hospitality Trust has borrowed $125m solely from OCBC Bank, as its first sustanability-linked loan with a term of five years. "We recognize our responsibility in conserving the natural environment and have incorporated ...
sgx:o39 sgx:q5t sgx:5tj

Far East Hospitality Trust granted $125m sustainability loan

30 Mar 2021 - Singapore Business Review
Part of the funds will be used to reduce the company's energy consumption. Far East Hospitality Trust has borrowed $125m solely from OCBC Bank, as its first sustanability-linked loan with a term of five years. "We recognize our responsibility in conserving the natural environment and have incorporated ...
sgx:o39 sgx:q5t sgx:5tj

Cross-border e-commerce key in retail sector recovery

23 Mar 2021 - Singapore Business Review
The trend has surged due to international travel restrictions brought by the COVID-19 pandemic. Singapore’s retail industry is still miles away from recovery, despite several measures and initiatives to improve market conditions. According to data from OCBC, retail sales for the entire 2020 dropped 15.3% ...
sgx:cmww sgx:o39 sgx:s08

CapitaLand to consolidate investment management platform

23 Mar 2021 - Singapore Business Review
Its property development business will be placed under private ownership. CapitaLand has proposed to restructure its business, consolidating its investment management platforms, including its lodging business, into CapitaLand Investment Management (CLIM) whilst placing its property development business ...
sgx:o39 sgx:s68 sgx:c31

OCBC to roll out face verification in eight Singapore ATMs

18 Mar 2021 - Singapore Business Review
The bank will extend the technology to all of its ATMs in Singapore progressively. OCBC will be introducing facial recognition technology on eight of its ATMs in Singapore starting 19 March, an announcement read. The bank will extend face verification for cash withdrawals to all OCBC ATMs in Singapore ...
sgx:o39

STI gains 9.2% in March

17 Mar 2021 - Singapore Business Review
The Straits Times Index continues to recover. The Straits Times Index (STI) gained 9.2% as of 15 March, according to latest data from the Singapore Exchange. The index, which tracks the top 30 companies traded in the exchange, falls within 20% of the record high of May 2018, and would have to decline ...
sgx:d05 sgx:bn4 sgx:bs6 sgx:j36 sgx:j37 sgx:c09 sgx:c6l sgx:v03 sgx:o39 sgx:s68 sgx:s58 sgx:c52 sgx:me8u sgx:ajbu sgx:so7 sgx:c70

Gold Ridge bags $900m green loan from DBS, OCBC and UOB

16 Mar 2021 - Singapore Business Review
This is the company’s first foray into sustainable financing. NEX operator Gold Ridge Pte. Ltd. has acquired a $900m green loan from DBS, OCBC Bank, and UOB for the retail mall, marking the firm’s first venture into sustainable financing. The asset manager of NEX PGIM Real Estate as well as shareholders ...
sgx:d05 sgx:o39 sgx:u11 sgx:nex

Hospitality REITs on the road to recovery: OCBC

9 Mar 2021 - Singapore Business Review
Ascott Residence Trust is OCBC’s top hospitality pick. Hospitality REITs have borne the brunt of the COVID-19 pandemic but are now on the road to recovery, according to OCBC Investment research. “Singapore started vaccinations in December 2020 and targets to vaccinate the entire population by 3Q 2021. ...
sgx:hmn sgx:j85 sgx:o39 sgx:q5t sgx:a68u sgx:5tj sgx:c09

Venture Corp net profit ‘broadly' in-line with consensus: analyst

4 Mar 2021 - Singapore Business Review
Its net profit for FY2020 declined 18.1% YoY to $297.3m whilst its revenue declined 17.1% YoY to $3b. Venture Corp net profit for FY2020 was down 18.1% YoY to $297.3m, but it is still "broadly" in-line with the consensus of OCBC Investment Research (OIR). Its revenue also declined 17.1% YoY to $3b during ...
sgx:v03 sgx:o39

Asset enhancements continue to make UOL attractive to investors: analysts

4 Mar 2021 - Singapore Business Review
Additional projects may offset 2020’s plunge in net profit. UOL Group continues to be attractive for investors despite its 97% dive in net profits last year, according to analysts. OCBC Investment Research said notwithstanding the COVID-19 pandemic, UOL was able to maintain a healthy balance with a low ...
sgx:u14 sgx:o39

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