Despite the uncertainty brought about by US tariff measures, OCBC currently has no plans to lay off employees and is cautiously optimistic about the current situation. Faced with the uncertain economic situation, the outside world is concerned about...
Despite the uncertainty brought about by US tariff measures, OCBC currently has no plans to lay off employees and is cautiously optimistic about the current situation.
Faced with the uncertain economic situation, the outside world is concerned about banking layoffs. Huang Bijuan said: "We have no plans to lay off large numbers because we are continuing to grow."
Observatory Bank announced last year that it would invest HK$1.5 billion (about S$249 million) in Greater China, and Huang Bijuan confirmed that the plan had not changed.
OCBC President Huang Bijuan said at a press conference held in Hong Kong on Friday (May 16) that in a sense, it is indeed necessary to prepare for the worst-case scenario, because it is difficult to predict the final outcome of the trade war negotiations. But communication between China and the United States has become smooth over the past week, which is a positive signal.
She said that the key is how to retain the best talents, how to make their work more efficient and achieve their goals.
"The correct time point" refers to the time when OCBC Bank plays its role in the context of uncertainty in the current global situation.
Huang Bijuan believes that the group is now at the correct geographical location and time point. The former means that in Asia, economic growth is still better than many other parts of the world and has not fallen into recession. From the perspective of Greater China and ASEAN as a whole, there is continued capital flow between regions.
She said that by the end of this year, the group is expected to complete half of its investments.
