OCBC Faces Digital Banking Service Disruption in Singapore
In summary, OCBC’s digital banking services, including the Funds Transfer feature, faced intermittent technical issues, leading to inconvenience for customers. The bank is actively resolving the problem and has advised customers to explore alternative payment methods like credit cards and NETs. This incident underscores the importance of reliable digital banking services and effective issue resolution. Transparent communication from OCBC during such disruptions is essential for maintaining customer trust.
Bank Muscat Achieves Remarkable Growth with RO159mn Net Profit for the First Nine Months of 2023
Bank Muscat has reported a commendable 7.1% year-on-year growth in net profit for the first nine months of 2023, totaling RO158.88mn. This performance underscores the bank’s strength and ability to adapt to economic challenges. Its growth in net interest income and robust financial management signifies its commitment to financial excellence. Moreover, the bank’s responsible approach to managing operating expenses and addressing potential financial risks demonstrates its resilience. With increased customer deposits and a growing asset base, Bank Muscat remains a pivotal player in Oman’s financial sector.
US Regulators Seize Control of First Republic Bank
The US regulators have seized control of First Republic Bank, making it the third financial institution taken under government control this year, then promptly accepted a bid from JPMorgan Chase for virtually the lender’s all assets.
How can water utilities in the Pacific use the pandemic to become more resilient?
By Vivian Castro-Wooldridge Protecting and managing the water supply, even in the face of threats and challenges, is a key responsibility for utility companies and governments across the Pacific region. For many people in the Pacific, COVID-19 presents yet another challenge in a region familiar with natural hazards and the accompanying disruptions to everyday life. […]
Time to decarbonize transport for a green, resilient and inclusive recovery
At a time when we face enormous challenges brought on by the COVID-19 pandemic, it is heartening to see the world mobilizing as never before to tackle the looming crisis of global warming.
