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USQ Chapter Founder in the News

OCBC hosts SME's for Chinese New Year celebrations

USQ Singapore Alumni Chapter Founder and local entrepreneur, Chia Yoong Hui was spotted today in the Business Times with OCBC Bank Chairman Ooi Sang Kuang

Arthur Lee , OCBC hosts SMEs to Chinese New Year celebration

19 February 2016 Business Times Singapore

STBT English (c) 2016 Singapore Press Holdings Limited

OCBC Bank is hosting small and medium enterprise (SME) customers at the iconic Capitol Theatre to celebrate the Chinese New Year. The event is over two evenings - Thursday and Friday - this week.

Ooi Sang Kuang, chairman of OCBC Bank and members of his top management team were present to greet and mingle with them.

Creating an upbeat mood on Thursday, Mr Ooi said he is hopeful that the Trans-Pacific Partnership (TPP) trade agreement, when implemented, will boost growth among the 12 nations, including Singapore.

The TPP will also benefit local SMEs as it makes it easier for them to participate in regional production and supply chains.

Another anticipated benefit is the provision for cross-border trade in services. This can open up markets in the 12 TPP countries - such as Brunei, Malaysia, the United States and Vietnam - to Singapore firms offering services such as consultancy, although some restrictions will be expected

Some SME customers also shared their wishes for the upcoming Budget with The Business Times.

Peter Ho, CEO of HOPE Technik said: "In view of the challenging business environment and increased competition globally, we hope that there will be continued support for technical skills training to enhance Singapore's position as a leader in technology."

Liaw Kok Eng, CEO of Zweec Analytics said: "To create a more resilient SME sector that can weather economic challenges, a 'bottom-up' approach that will spur more industry interplay among the SMEs to introduce new innovations that can enhance overall competitiveness may be worth considering.

In addition, the government should lead by putting aside (a) development fund, with the co-investment of private equity funds, to encourage new service creation in utility, education, healthcare (and) public safety sectors."

Peter Tan, director of Moveon Technologies feels that 2016 will be both a challenging and interesting year for them.

He said: "As an opto-electronics company, we will continue to grow our business through innovation and R&D. With Singapore's shift to a knowledge-based economy, we hope to keep some of our manufacturing activities in Singapore to retain our engineering expertise. We hope that the Singapore Budget will continue to support SMEs in these areas."

From left: OCBC Bank head of Global Commercial Banking Linus Goh; Zweec Analytics CEO Liaw Kok Eng; OCBC Bank chairman Ooi Sang Kuang; Moveon Technologies director Peter Tan; OCBC Bank group CEO Samuel Tsien; Ascenz CEO Chia Yoong Hui and HOPE Technik CEO Peter Ho.

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