استمتع بـUnlimited مع Magzter GOLD
احصل على وصول غير محدود إلى أكثر من 9000 مجلة وصحيفة وقصة مميزة مقابل
يحاول ذهب - حر
OCBC Tops Up Loan Pot to $5b in Boost for Serial Entrepreneurs
July 08, 2025
|The Straits Times
OCBC Bank is topping up its loan pot to $5 billion from $1.5 billion for entrepreneurs who own multiple small, early-stage businesses, and extending its cash line beyond Singapore to Malaysia, Indonesia and Hong Kong.
The borrowing scheme for serial entrepreneurs is unique for its creditworthiness assessment of individuals and the collective strength of their companies, rather than the individual businesses they run.
The bank also assigns a dedicated manager and provides advisory services to these business owners.
OCBC aims to lend the $5 billion to this segment by 2028. This includes the $1.5 billion that has been disbursed to more than 1,800 business founders in Singapore and Malaysia since the bank pioneered the plan in 2019.
In a media briefing on July 7, OCBC executives said despite the uncertain trade environment, the bank expects business owners to forge ahead.
The bank started offering the coverage to Malaysian entrepreneurs in early July after a nine-month pilot, and plans to do so in Hong Kong later in 2025, to be followed by Indonesia.
هذه القصة من طبعة July 08, 2025 من The Straits Times.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Straits Times
The Straits Times
At 80, the jeepney is still King of the Road, but for how long?
The colourful vehicle is a symbol of Filipino creativity and the country's traffic challenges. The age of EVs will be a test of its days on the road.
5 mins
October 27, 2025
The Straits Times
GROUP 3 SAUDI DERBY A NEW GATEWAY TO KENTUCKY DERBY
Points will be up for grabs to qualify for Run For The Roses
3 mins
October 27, 2025
The Straits Times
Time to relook 'many helping hands' approach and have a unified aid response
The tragic death of little Megan Khung has left an ineffable ache in the nation's heart.
1 mins
October 27, 2025
The Straits Times
Slot didn't expect 4 losses; needs to find answers fast
Their title defence had begun well but losses at Brentford, Chelsea and Crystal Palace, plus the previous weekend’s 2-1 home defeat by Manchester United, have knocked Liverpool off the rails.
2 mins
October 27, 2025
The Straits Times
After Megan Khung: Family, abuse and the reckoning around child safety
The case should prompt a deeper reflection on what we could have done better and the challenges in dealing with family abuse.
6 mins
October 27, 2025
The Straits Times
Singaporean, Canadian pen pals finally meet after 43 years
The letters between Michelle Anne Ng and Sonya Clarke Casey forged a friendship that saw them share about their life experiences and secrets
5 mins
October 27, 2025
The Straits Times
Thai-Cambodian 'peace accord' is Trump-centric but may prove to be more than just optics
If there ever was any doubt over the intended audience for the signing of the “Kuala Lumpur Peace Accord”, the answer came shortly after Thailand’s royal palace announced the death of the Queen Mother Sirikit on the night of Oct 24.
4 mins
October 27, 2025
The Straits Times
Tan crosses $lm mark in less than two years on tour
Even as heavy rain and fog brought uncertainty to the Wistron Ladies Open in Taiwan, it did not stop Singaporean golfer Shannon Tan from reaching her latest milestone as she surpassed the $1 million mark in career earnings with a joint-44th finish on Oct 26.
4 mins
October 27, 2025
The Straits Times
Lifelong learning Effective training is a shared responsibility
We thank Mr Ives Tay for his letter “Let's see real results from lifelong learning” (Oct 7).
1 mins
October 27, 2025
The Straits Times
Trump turns on the charm - and so does Asean
US President's visit has left an indelible mark on his hosts, Malaysia and Asean
4 mins
October 27, 2025
Listen
Translate
Change font size