UOB’s Post

UOB Group delivered a stable set of results for the first quarter of 2024, backed by our strong balance sheet and liquidity position. Core net profit rose 5% quarter on quarter, driven by higher net fee income and record trading and investment income. Here are the key performance highlights for 1Q24. Full details at https://go.uob.com/3y9N7xb

Supply chain management continues to be important for Singapore businesses. One in two stated that geopolitical tensions have affected their supply chains, with the impact most keenly felt in the Industrials, Oil & Gas sector.   However, fewer businesses are affected now than a year ago. Indeed, around seven in 10 Singapore companies are expecting an improved performance this year, with 22% of them predicting a vastly improved showing.   What are some strategies businesses are adopting to build supply chain resilience? Download the UOB Business Outlook Study 2024 for more insights: https://go.uob.com/4bp2kc0   #OneBankForASEAN

If you’re into food AND art, you’re in for an art-mazing gastronomic feast! We launched the 43rd UOB Painting of the Year (UOB POY) competition with an exciting #ArtforGood food adventure curated by executive and pastry chefs from Pan Pacific Hotels Group that are inspired by artworks from six UOB POY artists (Valerie Ng, David Chan, Shen Jiaqi, Andrew Huang, Leo Liu and Nurul Afiqah). We also unveiled the regional art competition’s logo, an all-new panel of judges and a silent auction where full proceeds of artworks donated by these six artists will support ARTDIS (Singapore) Ltd in empowering artists with disabilities develop professional careers in the arts. To participate in this year’s competition, submit up to three artworks at UOBandArt.com by 31 July 2024. Stay tuned for more information on how you can get your hands on these delectable works of art from our participating partners while doing good! #UOBandArt Pan Pacific Singapore Pan Pacific Orchard, Singapore PARKROYAL on Beach Road, Singapore Dou Hua Restaurants PARKROYAL COLLECTION Marina Bay, Singapore

Art is food for the soul, and at our 43rd Painting of the Year (UOB POY) competition launch, it was also food for the belly. The launch event featured a preview of edible creations conceived by six Pan Pacific Hotels Group (PPHG) executive chefs, inspired by artworks from UOB POY artists. To celebrate #ArtforGood, these art-inspired menus provide a multi-sensory experience and will be available to the public from May and part of the proceeds from menu sales will go to local charity ART:DIS. To learn more about these edible creations and the artists who inspired them, tap on the link below

Three in five businesses highlighted ASEAN as the top market which they want to expand to within the next three years, according to a UOB study which surveyed over 4,000 companies across ASEAN and Greater China. Within ASEAN, Malaysia is the most important country that businesses want to venture into, followed by Singapore, Thailand and Indonesia. Around four in five companies also said they are keen to use cross-border digital trade platforms for their overseas expansion. But what are the challenges they face when expanding regionally? Download the UOB Business Outlook Study 2024 for more insights: https://go.uob.com/3UGBlTN #OneBankForASEAN

📣 Calling all artists – The 43rd UOB Painting of the Year regional art competition is now open to all established and aspiring artists. Be recognised for your artistic talent and win up to S$46,000 cash prizes along with an art residency opportunity! 🎨 Submit up to three artworks at https://go.uob.com/4dmBK58 by 31 July 2024. #UOBandArt

The US Federal Reserve kept interest rates unchanged after yesterday’s Federal Open Market Committee meeting. Are rate cuts expected ahead? Find out more in our May PowerBar report: go.uob.com/insights

What is Southeast Asia’s progress on sustainable financing and the challenges ahead?   Lim Lay Wah, our Group Head of Global Financial Institutions Group and Sector Solutions Group, shares how innovative solutions and collaborative efforts can bridge this divide. #SustainableFinance #NetZero #ClimateAction

We have been appointed as one of the mandated lead arrangers for one of the most sizable secured green term loan facilities to date in the Malaysia market for The Exchange TRX, a mixed-use development that is generating buzz in Malaysia’s new international financial district. This development is a joint venture between Lendlease and TRX City, and is Lendlease's largest integrated development in Asia to-date. “The Exchange TRX is a premium lifestyle destination in Kuala Lumpur to live and work and it will be certified LEED Gold and GBI accredited – the gold standards in measuring sustainable building design. We are committed to support our clients in their sustainability journey and be their trusted partner in ASEAN.” - Lim Lay Wah, Group Head of Sector Solutions Group and Global Financial Institutions Group, UOB. #OneBankForASEAN #SustainableFutureWithUOB

Every day, more than 350,000 people use the Singapore-Malaysia land border crossing at Woodlands, making it one of the busiest border crossings in the world. As part of plans for a Johor-Singapore Special Economic Zone (SEZ) to boost economic integration, measures like passport-free clearance at both land checkpoints are being explored. While details about the SEZ will only be released later this year, find out what our economists Teck Kin SUAN, CFA 全德健 and Julia Goh expect to see from this SEZ: https://go.uob.com/44gtorB #UOBASEANInsights