Managing director and country head of wholesale banking, UOB Malaysia Ng Wei Wei said, “Amid the impact of the pandemic on business and supply chains worldwide, it is encouraging to see that Malaysia is still attracting companies from around the world as they expand into Southeast Asia.
KUALA LUMPUR: UOB Malaysia projects approved investments in Malaysia to increase by 13% to RM185bil in 2021, of which close to 40% will be from foreign direct investment (FDI).
In a statement on Wednesday, it said China, Europe and the US are expected to remain among the top sources of FDI, while capital is likely to be channelled mainly into the high-value-added sectors, including electrical and electronics (E&E), chemical, manufacturing and industrial.
UOB Malaysia chief executive officer Wong Kim Choong
KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) posted a 3.7% year-on-year increase in total operating income to RM3.21bil in 2020.
The banking group’s net profit, however, was 16.8% lower at RM1.02bil as it was proactive in making pre-emptive provisioning on its assets given the uncertainties arising from the economic impact of the Covid-19 pandemic.
In a statement Monday, UOB Malaysia said its higher operating income was attributed to the 5.7% growth in net interest income to RM2.20bil, driven by proactive balance sheet management.
However, the increase in net interest income was partially offset by the effects of the reductions in the overnight policy rate to a historical low of 1.75% between Jan 22 and July 7, 2020.
In the new normal, EQ trumps IQ. It is no longer about the brilliance of a lone leader’s plan, but how a leader is able to draw out the best of the team and harness that into a collective goal, says Lai Tak Ming, UOB Malaysia s Country Head of HR.
KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has reiterated its commitment to help the country's transition to cleaner energy by supporting power plants with lower environmental impact and financing natural gas and solar projects in the country.
As working from home (WFH) regularly becomes a permanent option in a post-COVID-19 environment, 81% of Malaysian employees.
According to the recently released Malaysian findings from the UOB ASEAN Consumer Sentiment Study, 74% of respondents also expected their productivity will improve as they have greater freedom over how they manage their working hours.
By age group, this belief was most strongly-held by Generation Z (87%) and Generation Y (78%) employees. While only 67% of Generation X respondents shared the same sentiment.
Nine in 10 Malaysian employees expect flexible working arrangements to continue post-COVID-19
The survey also revealed that nine in 10 Malaysia employees expect flexible working arrangements to become more common in a post-COVID-19 environment. This time, the sentiment was highest among Generation X (94%), followed by Generation Y (88%) and Generation Z (87%).