UOB

Whilst the Federal Reserve interest rates cuts are delayed, they are not derailed. Along with the growth of AI adoption and other major structural forces, compelling opportunities abound for investors in the second half of the year. In our mid-year quarterly outlook video, we highlight key considerations and strategies for navigating the investment landscape for the remainder of the year.

🇰🇷 Exciting time to be a UOB cardholder! Our new partnership with Woori Card in South Korea will enable our cardholders to seamlessly enjoy retail, dining, travel and accommodation privileges offered by Woori Card starting as early as Q4 in 2024. If you’re planning on traveling to South Korea for your year-end holiday, read on!

The recent elections outcomes in France and India have reshaped their respective political landscapes, each with significant implications for economic policies and market trends. UOB Private Bank’s Chief Investment Office has the latest advisory reports which examine the elections’ impacts on the financial markets. Download now: 🇫🇷 French Election report: https://go.uob.com/4cG03Ku 🇮🇳 Indian Election report: https://go.uob.com/3YbexO2

“Our customer was initially defensive and refused to listen when we advised against making a funds transfer to an unknown account,” recounts Michael Chan Hiang Leng, Deputy Branch Manager (right in photo). “In the beginning of May, a 64-year-old customer requested to make a funds transfer of S$85,000 to a personal account for an investment. When Owen (left in photo) enquired about the account payee’s name, the customer became defensive, despite not knowing the answer, and insisted on proceeding with the transaction as he had a deadline to meet. Concerned that he might be a potential scam victim, Owen referred the case to our Assistant Branch Manager (ABM), Kai Yu (middle in photo), for further investigation.” “Kai Yu approached the customer tactfully, reassuring him that their intention was to protect him from falling prey to investment scams. Feeling a sense of security, the customer opened up and revealed that he had been investing in Ethereum coin through an app called “SavePal”, where he would borrow money from the app itself which has snowballed to S$85,000. He also shared that he has previously given a copy of his NRIC to the account payee, and was worried that his family would face repercussions if the payment wasn’t made on time.” “Kai Yu alerted me of the situation, and we felt that it was an odd request to transfer the money to a personal account when the customer could have made the crediting to the platform itself. I then contacted our Fraud Team who confirmed that we should not perform the funds transfer to an unknown account, and informed the customer to lodge a police report immediately.” “Through our timely intervention, the customer realised he could have been a potential scam victim and expressed gratitude to my team for our vigilance in preventing him from losing money.” “Having hard conversations with customers can be daunting, but I’m glad that our Speak Up culture has provided an environment where my team is encouraged to raise issues and probe our customers further to ensure that their assets are safeguarded.” Falling prey to scams can be a distressing experience. This is why your banking security remains our top priority. You can call our dedicated 24/7 Fraud Hotline at (+65) 6255 0160 to assist you with potential fraud cases on a priority basis. You can also give your savings an added layer of security with our UOB LockAway Account and transfer in money to keep it locked away from digital scams. — We are proud of our colleagues like Owen, Kai Yu and Michael who demonstrated our UOB values to do #RightByYou. The commitment they have shown to make our customers' experience with UOB safe and comfortable is truly inspiring. 📷: [From right to left] Great effort from the team at UOB Jurong Point Branch: Owen Aw, Personal Wealth Manager, Chong Kai Yu, ABM, and Michael Chan Hiang Leng, Deputy Branch Manager. #LifeAtUOB #ScamPreventionStories

👨🎨 👩🎨 Real artists, real stories. 📖 Our “Artist’s Conversation” tours to various schools featuring our UOB Painting of the Year alumni artists to share their lived experiences, wisdom, failures and honesty have benefited the students who experienced live art demonstrations and insider trips to our artists’ studios. Drop us an email at PaintingOfTheYear@UOBgroup.com if you would like us to visit your school next! 📣 What is your art story? Calling submissions for the 43rd UOB Painting of the Year regional art competition! 📣 Submit your artworks at UOBandArt.com by 31 Jul 2024. #UOBandArt

SMEs understand the urgency of becoming sustainable but face challenges in implementation. Identifying the causes behind this green gap is a necessary step for businesses to start their sustainability journey, get a competitive edge and seize opportunities in the green economy. At the recent UOB Sustainability Compass Forum 2024, sustainability experts from CDP, Convene ESG, G-Energy Global Pte Ltd, Paia Consulting, Signify, TÜV SÜD and UOB’s Sector Solutions Group shared their insights with SMEs across two masterclasses. Bridge the green gap with the UOB Sustainability Compass. Get your customised sustainability roadmap tailored to your sector and readiness level at https://go.uob.com/3WphhG8. #BridgeTheGreenGap #UOBSustainabilityCompassForum #Sustainability #ESG

How effective is incorporating dividend investing into your financial strategy? In this episode of CNA’s Money Talks, UOB Head of Wealth Management Advisory and Strategy Abel Lim shares his insights on the realm of dividend stocks, and the risks and returns of adding them to your portfolio. Listen now for more tips on how to invest in this asset class.

Congratulations to Emilita Lim, Assistant Branch Manager, and Tan Wee Qian, Service Manager at UOB Bedok Branch for receiving the Community Partnership Award by the Singapore Police Force for their efforts in preventing a scam involving a 35-year-old customer who nearly lost her savings. At UOB, we are proud of our colleagues like Emilita and Wee Qian who demonstrated our values to do #RightByYou. The commitment they have shown to make our customers' experience with UOB safe and comfortable is truly inspiring.

In the first half of 2024, the global economy demonstrated resilience amidst strong headwinds. What are the key developments and what is the outlook for the economy, financial markets, and interest rates for the second half of 2024? Watch our video highlights and read our detailed 2024 Mid-Year Market Outlook publication here: <go.uob.com/2024outlook>

To celebrate our culture of appreciation at UOB, we kicked off the fifth year of the UOB Global Appreciation Month – themed “Appreciating you The UOB Way”. This was a global hybrid event led by our Deputy Chairman and CEO, Wee Ee Cheong and attended by more than 8,000 colleagues from around the world. Our CEO thanked all colleagues for their hard work and emphasised that culture is of the utmost importance. He said that it is vital to have an attitude of gratitude and it goes a long way to unite us, foster a sense of belonging and build employee pride. We are certainly taking his advice to heart with different appreciation activities happening globally this month. In Singapore, we went to five office locations this Tuesday for our ‘Espresso your Appreciation’ activity, where colleagues were treated to a cup of coffee or bubble tea. Whether it is receiving a drink or being treated to a meal or kind words of appreciation, we hope that everyone at UOB enjoys our Appreciation Month in July to the fullest! Learn more about UOB here: https://lnkd.in/gGqEKJUJ #UOBAppreciationMonth #LifeAtUOB