https://www.theguardian.com/business/2009/jan/28/federal-reserve-interest-rates-low-levels

 

the world started to borrow money to speculate in property,crypto,AI,FANNG,Baidu,metuan,Allibba,Tenscent and many tech stocks and then

As it turned out the quarter-point increase in the Fed' s benchmark rate in December 2015, lifting it to 0.25% to 0.5%, was not followed by another rate increase for a full year, when it was increased by another quarter-point in December 2016.8

 

https://www.forbes.com/advisor/investing/fed-funds-rate-history/

 

all before the march 2020 when covid19 hit US

From Aug 4, OCBC customers will be able to use their OCBC Digital app to make retail payments to UnionPay QR-enabled merchants in 47 markets from their OCBC Singapore bank accounts.
The streamlined process eliminates the need to download, set up and fund third-party payment apps or to queue for currency exchange, a handy change that comes in time with the recent resumption of the 15-day visa-free entry for Singaporeans to Mainland China, where merchants rarely accept payment cards or cash.
With a daily transaction limit of $1,000, payments will be made directly from customers&rsquo OCBC Singapore accounts, where the exchange rate will be shown to customers on the OCBC Digital app before they confirm their transactions. Welcomingly, there will be no additional fees or charges.
The feature comes about given the rising popularity of QR code payments globally and will be especially useful in markets where payment cards and cash are declining in popularity.
This scan-and-pay feature is the result of an agreement signed between OCBC and UnionPay International (UPI) in April, and is the latest cross-border payment collaboration for OCBC.
See also: HSBC CEO says lender has moved on from Ping An breakup campaign
The global QR code payment market size is predicted to reach $15.5 billion this year and is expected to surpass $74 billion by the next decade at a compound annual growth rate (CAGR) of 16.9%, according to a 2023 report by market research consultancy Future Market Insights.
In the last year alone, OCBC has established cross-border payment linkages to enable peer-to merchant transactions with Malaysia&rsquo s DuitNow QR and Thailand&rsquo s PromptPay QR.
OCBC&rsquo s head of global consumer financial services Sunny Quek says: &ldquo Digital payments are the way forward. We use it for everyday transactions, but now, even when we go overseas, we expect to enjoy that same convenience. Thanks to UnionPay&rsquo s extensive network, our customers can now pay in many markets with the same OCBC Digital app that they are accustomed to &mdash bypassing the need for multiple apps or e-wallets and empowering them to pay merchants overseas as easily as they already do in Singapore.&rdquo
See also: UOB&rsquo s earnings growth enables higher dividends and general provisions, as it charts regional plans
He continues: &ldquo This tie-up will be especially beneficial to our customers who are travelling to Mainland China for work or pleasure. We expect QR payments to be the primary mode of payment for retail purchases of smaller value. With travellers between the two areas expected to increase with the restoration of the visa-free facility and major upcoming events like the Hangzhou Asian Games, we believe customers will appreciate this seamless payment method.&rdquo
Meanwhile, Singapore country manager at UnionPay International, Carine Low, adds: &ldquo With more residents in Singapore embracing mobile payment as a fast, secure and seamless way to pay, we are pleased to embark on this digital partnership with OCBC. This partnership enables customers using their OCBC Digital App to pay in Singapore and 46 other markets, saving them the hassle of using clunky foreign currencies. This collaboration with OCBC will significantly improve our service and product offerings for residents and businesses in Singapore.&rdquo
Come September, the OCBC Digital app will also be enhanced to enable OCBC customers to generate a scannable QR Code in which UnionPay merchants will be able to scan for payment-related processes. The practice, known as the &ldquo customer present mode&rdquo is common in several markets, including Mainland China. It comes in addition to what is available from Aug 4, the &ldquo merchant present mode&rdquo , where customers use their OCBC Digital app to scan a QR code generated by merchants.
The feature will also enable business banking customers to accept UnionPay QR payments via OCBC&rsquo s OneCollect digital merchant collections solution. OCBC OneCollect helps businesses collect four payments digitally from customers via QR codes and sends automated notifications with each successful transaction, providing peace of mind for businesses.
Currently, over 100 mobile wallets outside Mainland China are UnionPay QR-enabled. Users of these mobile wallets can pay businesses that use OneCollect simply by scanning the UnionPay QR code.

https://www.sysnmh.org.sg/en/education/-/media/SYS/Education/Documents/Permanent%20Galleries%20%20Gallery%204%20English.pdf

 

 

https://finance.yahoo.com/news/hsbc-launches-2-billion-buyback-041452716.html

 

https://www.cnbc.com/2023/08/01/hsbc-sees-89percent-yoy-rise-in-q2-pre-tax-profit-beating-analysts-expectations.html

 

http://aastocks.com/en/stocks/news/aafn-con/NOW.1282400/top-news/AAFN

https://www.malaysian-chinese.net/newsevents/newseventsnewseventsarticles1/10795.html

 

https://eresources.nlb.gov.sg/history/events/b6bb30fe-3f57-4328-955d-fc1530ede37f

 

https://eresources.nlb.gov.sg/history/events/dc1efe7a-8159-40b2-9244-cdb078755013

In 2007, losses on mortgage-related financial assets began to cause strains in global financial markets, and in December 2007 the US economy entered a recession. That year several large financial firms experienced financial distress, and many financial markets experienced significant turbulence.

https://www.federalreservehistory.org/essays/great-recession-and-its-aftermath

 

if ocbc declared 50 cts in coming dividend the whole 2023 dividend will be 90 cts

that is $13.31-0.9 cts=$$12.41 ex whole year dividend assuming 2024 it declared dividend of $1.20 then your cost of ocbc will be $11.21

https://www.dividends.sg/view/o39

if interest rates goes down after 2025 in 10 years you get back all your money and prevent your sgd from depreciated due to inflation

(July 31): Singapore insurer Great Eastern Holdings Ltd is in talks to buy MetLife Inc&rsquo s Malaysian venture, according to people familiar with the matter.
The subsidiary of Oversea-Chinese Banking Corp is conducting due diligence on AmMetLife Insurance Bhd and seeking regulatory approval to clinch the deal, the people said. A transaction could value AmMetLife, which the US company jointly owns with Kuala Lumpur-listed AMMB Holdings Bhd, at US$250 million (RM1.13 billion) to US$300 million, the people said.
An agreement could be reached within the next few months, the people said, asking not to be identified because the matter is private. Talks are ongoing and could still fall apart or face delays, they said.
Spokespeople for MetLife and Great Eastern declined to comment. A representative for AMMB said any announcements will be made in accordance with listing requirements.
A deal would see Great Eastern prevail in its pursuit of AmMetLife Insurance. The Singaporean firm was interested in acquiring the unit last year, even as Zurich Insurance Group AG had emerged as the frontrunner to buy a majority stake, Bloomberg News reported at the time.
MetLife and AMMB teamed up to form their Malaysian insurance partnership AmMetLife in 2014, its website shows. The parties started exploring a potential divestment of the business in 2020, people familiar with the matter said at the time.
AmMetLife offers life insurance and wealth protection services through nearly 200 AmBank and AmMetLife branches in the country, according to its website. It reported about RM307 million of gross earned premiums for the six months ended Sept 30, a 16.7% increase from a year earlier, according to its latest financial report.
Founded in 1908, Great Eastern has more than S$100 billion (RM339 billion) in assets and over 14.5 million policyholders, its website shows. It has life, general and group insurance operations as well as an asset management arm called Lion Global Investors Ltd. Great Eastern operates in Singapore, Malaysia, Brunei and Indonesia and has a presence in China as well as an office in Myanmar, according to the website.

2001

https://www.bis.org/review/r010702b.pdf

2023

https://www.straitstimes.com/business/singapore-banks-are-so-flush-with-deposits-that-dbs-loaned-mas-30-billion

2025?

https://www.cnbc.com/2023/07/03/ocbc-expects-to-deliver-2point2-billion-in-extra-revenue-by-2025.html

 

this will translates into a 13.5% increase in its current dividend easily

https://investors.sgx.com/company-disclosures/company-announcements?securityCode=O39& annc=LQW029268E3WPOH5

 

In Q1, OCBC bought back 3.2 million shares at an average price of S$12.50, including stamp duties, clearing charges etc paid or payable for the shares. As of Mar 31, OCBC had bought back 0.44 per cent of its issued shares (excluding treasury shares).1

 

it is better returns to buy back its own share at attractive valuation then to lend mas $30b like what dbs lend $30 billion to mas in june 2023

https://www.youtube.com/watch?v=ZeghG09iaNY

 

https://fintechnews.sg/41901/blockchain/project-ubin-mas-completes-final-phase-central-bank-digital-currency-project/