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OCBC Bank supports state’s strategic initiatives

KUCHING: OCBC Bank (Malaysia) Berhad expressed its support for the Sarawak government’s strategic initiatives to fight for economic prosperity, social inclusion and environmental sustainability. In stating this, its chief executive officer (CEO) Tan Chor Sen said that Sarawak remained an important part of OCBC Malaysia’s strategic core which contributed to Malaysia’s economic growth and was […]

OCBC provides bridging loan of RM299.5 mln to Astrum Ampang

KUALA LUMPUR: OCBC Bank (M) Bhd is providing a bridging loan totalling RM299.5 million to property developer Astrum Ampang Sdn Bhd to encourage and enable millennials to consider sustainable urban housing. OCBC Bank managing director and head of corporate and commercial banking Jeffrey Teoh said the bridging loan agreement comes at a time of growing market recovery and […]

Bank steps in to help children with cerebral palsy

MIRI: More than twenty children with cerebral palsy at Wishesland Miri will now have better equipment for balancing and positioning therapy. New equipment costing RM20,000 was sponsored by OCBC Bank (Malaysia) Berhad (OCBC Bank) through its branch here in collaboration with Lions Club of Batu Niah (Lions Club). Deputy Minister for Tourism, Creative Industry and […]

CPO may hit RM3,800 per tonne in Q3, Q4 2021

KUALA LUMPUR: Crude palm oil (CPO) price may hit RM3,800 per tonne in the third (Q3) and fourth quarters of 2021, leading to an average price of RM3,678 per tonne this year for the commodity, said OCBC Bank. The bank’s commodity outlook report for 2021, released today, showed that CPO touched RM3,612 per tonne in […]

Haemodialysis machine for kidney patients

KUCHING: A total of 72 patients at the National Kidney Foundation (NKF) Kota Samarahan Haemodialysis Centre will stand to benefit from the RM40,000 haemodialysis machine contributed by OCBC Bank Kuching branch. The collaborative effort with the Rotary Club of Kuching (RCK) and Kidney Association Sarawak (KAS) helped to round off the 12 machines needed by […]

Next two weeks crucial for Malaysia

KUALA LUMPUR: The next two weeks will be crunch time for Malaysia as it implements the conditional movement control order (CMCO) in Kuala Lumpur, Selangor, Putrajaya and Sabah, OCBC Bank said. In a research note today, it said the CMCO is enforced in the respective states from Oct 14-27 (Oct 13-26 in Sabah) to flatten […]

School library upgrading to promote reading culture

MIRI: The school library of SK South Miri has been upgraded with new facilities by OCBC Bank (Malaysia) Berhad and Lions Club of Batu Niah. This is part of efforts to promote reading culture among the school’s 479 students. Through a RM20,000 contribution, the Bank has equipped the school with five book racks, two computers, […]

OCBC removes RM1 fee for withdrawals via other banks’ ATMs

KUALA LUMPUR: OCBC Bank Bhd and its Islamic banking subsidiary, OCBC Al-Amin Bank Bhd, will absorb the RM1 automated teller machine’s (ATM) cash withdrawal fee levied to its customers for using another bank’s ATM, effective today until the end of April. OCBC head of Consumer Financial Services Lim Wyson said this initiative is part of the bank’s concerted […]

Ringgit versus US$ at 4.04 by end-2020

KUALA LUMPUR: OCBC Bank expects Malaysia’s gross domestic product (GDP) to grow between 4.2 percent and 4.4 percent this year, and the ringgit to improve to RM4.04 against the US dollar by end-2020. Chief economist Selena Ling said the anticipated GDP growth, which is slower than the 4.8 percent projected by the government, would be […]