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The ringgit exchange rate is expected to remain strong in 2026, with the Singapore dollar to ringgit reaching 3.1776 | Lianhe Zaobao

Malaysia's fiscal situation has improved, leading to a strong ringgit exchange rate, with the Singapore dollar trading at 3.1776 ringgit. Economists predict Malaysia's economic growth in 2026 to be between 3.8% and 5.2%. Nomura Research has raised its economic growth forecast for next year to 5.2%, citing strong domestic demand and investment spending. OCBC Bank, on the other hand, predicts a slowdown in economic growth to 3.8% next year

Zaobao·
SG
O39
-0.16%
Zaobao·
SG
O39
-0.16%

OCBC Bank collaborates with Marriott to strengthen financing support for 12,000 suppliers in Singapore, Malaysia, and Indonesia | Lianhe Zaobao

OCBC Bank has reached a strategic cooperation with Marriott Intl New to provide greater financing support for 12,000 small and medium-sized enterprise suppliers in Singapore, Malaysia, and Indonesia. Suppliers can obtain same-day financing of up to 80% of the invoice amount without the need to submit bank statements or financial reports. OCBC Bank will assess credit quality based on invoice transaction data on the Marriott procurement platform, and the loan issuance and settlement process will be automated. In addition, suppliers can also apply for sustainability-linked loans, where the loan cost is tied to the company's sustainability performance

Zaobao·
US
MAR
-3.47%
SG
O39
-0.16%
Zaobao·
US
MAR
-3.47%
SG
O39
-0.16%

Sinopec bought back 1.7 mln H shares for HK$7.8 mln on Dec 4, HKEX says

Sinopec bought back 1.7 mln H shares for HK$7.8 mln on Dec 4, HKEX says

marketscreener·
HK
00386
+0.67%
SH
600028
-0.17%
marketscreener·
HK
00386
+0.67%
SH
600028
-0.17%

OCBC Bank's stock price rises above 19 yuan | Lianhe Zaobao

OCBC Bank's stock price reached a new high of SGD 19 in the morning session on December 4, up 0.26%. Over the past month, the stock price has risen by 11%, and it has increased by more than 14% this year, but it still lags behind DBS Group's 24%. OCBC Bank's net profit in the third quarter remained flat year-on-year, while net interest income fell by 9% year-on-year

Zaobao·
SG
O39
-0.16%
Zaobao·
SG
O39
-0.16%

OCBC to add WeChat Pay for QR payments in China

OCBC, a Singapore bank, will be the first Singapore bank to enable customers to use WeChat Pay for QR payments in China via its mobile app. This expansion, in partnership with UnionPay International, will be available by Q1 2026, allowing seamless transactions for OCBC customers traveling to China. The feature supports payments to Weixin Pay, Alipay+, and UnionPay merchants, enhancing convenience and eliminating the need for third-party apps or currency exchange.

动点科技英文源·
SG
O39
-0.16%
动点科技英文源·
SG
O39
-0.16%
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