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Tag: Bank of Singapore

  • Irfan Fandi Makes S League Debut At 17 Years Old

    Irfan Fandi Makes S League Debut At 17 Years Old

    Just hours after signing for the Courts Young Lions, Irfan Fandi made his S.League debut as his team took on Tampines Rovers on Thursday night.

    The eldest son of Singapore football legend Fandi Ahmad, who turns 18 later this year, will link up with what is essentially the national Under-23 side until 30 June in order to be part of their preparations for the upcoming SEA Games.

    Irfan, who stands at a strapping 1.86 metres despite his age, was deployed in a centre-back role instead of his usual position as a striker at Jurong West Stadium.

    The teenager acquitted himself well enough at the back with a few no-nonsense clearances, while weighing in with one or two solid tackles. He was also involved in some robust challenges and the number 23’s night ended when he was taken off after 62 minutes in a 1-0 loss.

    It was not Irfan’s first time playing as a defender, having been deployed in the position the Singapore U22s’ recent 3-0 loss to Cambodia’s senior side in a friendly a week ago.

    Irfan, who is on the books of Chilean top-flight side Universidad Catolica, noted that the style of play was different from what he had experienced in South America.

    “I think it was a very good experience for me because the way they play here is different,” he said. “It’s more physical, so I am going have to get used to that and just give my best every time I play.
    “I thought we played really well and I think everyone gave their best; we were just unlucky [to lose].”

    Coach Aide Iskandar explained after the game that Irfan was used as a makeshift defender as captain
    Shakir Hamzah was ruled out due to injury and he was satisfied with his display.

    “I think he did well and now he gives me good options [as] he can play [both] upfront and at the back,” the former national captain said.

    Irfan is likely to see action in his usual striker role as the season goes on, having already proven himself as a threat after scoring a goal each in his last two games for the U23s in their friendly defeats to Japan U22s and Syria U23s last month.

    Touted as one of local football’s brightest prospects and tipped to emulate his father, Irfan will be vying for a spot in the U23s team that will be gunning for a first-ever gold medal in football when the Games come around in June.

     

    Source: https://sg.sports.yahoo.com

  • Ringgit Slumps To 10-Month Low Against Sing Dollar

    Ringgit Slumps To 10-Month Low Against Sing Dollar

    The ringgit slumped to a 10-month low against the Singdollar today (Dec 1), prompting many to rush to money-changers to snap up the Malaysian currency.

    The ringgit’s sudden steep decline came amid fears that tumbling global oil prices will hit oil-exporter Malaysia.
    As of 5pm today, S$1 could buy RM2.63 — a 2.3 per cent slide from last week’s rate of RM2.57. The last time the ringgit fell to a similar level was on Feb 13 this year, when the ringgit closed at 2.627 against the Singdollar.

    Mr Mohamed Rafeeq, the Money Changers Association of Singapore’s secretary, said many money-changers at Raffles Place were shocked at the falling value of the ringgit today.

    “We thought there was some mistake, then more and more people started coming to change money. But after seeing that we could only sell our current stock at the previous rate which was 2.57, (the customers) went away and said they would wait until we had new stock which we could sell at a lower price,” he told TODAY over the phone.

    He said he was not worried as he expected the ringgit to remain low for at least another week.

    Two other money-changers reported brisk business today, although they did not say what rate they offered for the ringgit.

    Mr Siraydin, of Sirajudin Money Changer, saw almost double the number of daily customers at his shop in People’s Park Complex.

    “Normally, (we get) about 30 people, today more people came to change to ringgit — about 50-plus,” he told TODAY.

    Mr Mohamed Rafi, who owns M.M. Shariff Traders, said his shop in The Arcade — a popular money-changing hub in Raffles Place — saw a 50 per cent jump in the number of customers buying the ringgit.

    Malaysian Chew Zhi Loon, 27, who works as an actuarial executive in Singapore, said he plans to take advantage of the falling ringgit to remit more money home. Mr Chew, who sends money to his parents once every few months, added that he had never remitted money at such a low rate.

    Singaporean Rosnah Hussin, 30, who travels to Johor Bahru up to twice a week plans to “stock up” on ringgit.

    “I go to JB to buy groceries, pump petrol and even wash my car because it is cheaper there,” said the student relations officer.

    The ringgit also fell hard, at 2.5 per cent, against the American dollar — its biggest two-day slide since the 1997-98 Asian financial crisis.

    Analysts have said that Malaysia, whose oil-related industries account for a third of the country’s revenue, is likely to be the Asian country which will be hit hardest by the sudden steep decline in oil prices.

     

    Source: www.todayonline.com

  • Bahren Shaari Appointed as New CEO of the Bank of Singapore

    Bahren Shaari Appointed as New CEO of the Bank of Singapore

    SINGAPORE: Bank of Singapore, the private banking subsidiary of OCBC Bank, has appointed Bahren Shaari as its new chief executive officer (CEO) from Feb 1 next year.

    He replaces Renato de Guzman, 64, who will retire as CEO from end-January.

    Mr de Guzman, also known as Bing, will stay on as senior advisor to the bank till Jun 30, 2015.

    Mr Bahren, 52, has more than 25 years of banking experience and was part of the management team at ING Asia Private Bank (IAPB) that moved over to Bank of Singapore in January 2010 when it was acquired by OCBC Bank.

    Prior to that, he was managing director of UBS Wealth Management, where he headed the South East Asia and Australia marketing team.

    Over the past five years, Mr Bahren helped build Bank of Singapore’s market position in Indonesia and Malaysia by tripling the assets under management.

    The bank said in a statement that he has “spearheaded the implementation of a robust client-centric advisory process that has helped deliver significant revenue growth”.

    Under the leadership of Mr de Guzman, the bank’s assets under management crossed the US$51.1 billion (S$65.9 billion) mark as at Sep 30, 2014, from US$23 billion in January 2010.

    Bank of Singapore’s chairman, Ching Wei Hong, said: “Within the short span of five years, Bank of Singapore has achieved remarkable success. A large part of this is due to Bing’s passion and his relentless efforts to always do what is best for our clients.”

    Last month, Mr de Guzman was named Outstanding Private Banker – Asia Pacific by news and research firm Private Banker International.

     

    Source: www.channelnewsasia.com