The company’s shares rise above the key metric for first time since 2016
It’s part of a plan to finance a US$2 trillion economic overhaul
This could free up extra lending and higher payouts to shareholders
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago
OCBC shares gained as much as 0.6%, above the previous high from more than two weeks ago
OCBC shares surged further to another new high on Wednesday (Dec 3) after a record-breaking performance on Tuesday.
Bitcoin has also dropped about 30% from October highs
Indonesia will assign US$1 billion to the Brics-led New Development Bank, further boosting ties with the group of developing nations.
They are expected to be listed on the Singapore Exchange on Dec 8
The bank is investing in talent and expanding research partnerships with universities
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