IN KEEPING customers well informed on the latest trends in financial markets, Baiduri Bank in collaboration with their long standing strategic partner, DBS Bank Singapore, organised an investment seminar linked to currency strategies titled, “2015 Opportunities and Strategies”.
The event was held at the Mutiara Ballroom in Radisson Hotel on January 16.
Pg Azaleen Pg Dato Hj Mustapha, Head of Retail Banking and Branch Network at Baiduri Bank gave the welcoming remarks. In his speech, he highlighted that it is indeed a challenge to invest in a low yield, low volatility environment and queried whether equity and foreign exchange will become more important investment tools.
The seminar was presented by Philip Wee Sung Seng, Senior Currency Economist of DBS Bank, Singapore.
He discussed the likelihood of a broad based global recovery or developed markets like Europe and the US continue to diverge.
In his presentation, he also talked about the lingering concerns over the falling oil prices and the fact that the market is still fighting to get out of a disinflation spiral situation. When the Fed raises rates this year, sentiments may improve significantly faster.
Also present at the event were management and staff of Baiduri Bank including Peng Eng Soon, Head of Wealth Management.
Baiduri Bank has a range of investment products and services to offer and is currently hosting a Wealth Management promotion in conjunction with their 20th anniversary in 2014, where customers who invest B$20,000 and above or its equivalent in foreign currency in Baiduri Fixed Deposit will be entitled to a lucky draw.
Sign-ups for Twin Currency Deposit, Unit Trusts, Life Insurance or Structured Deposit will also qualify for the draw. The 20th Anniversary Wealth Management campaign lucky draw prizes comprises the Apple iPhone 5s 32GB, Philips Smart TV and a holiday travel package for two.