21 March 2023

Baiduri Bank hosted a market outlook seminar themed “Higher for longer interest rates, currency movements and economic resilience” at Royal Berkshire Hall, Jerudong Park Country Club this afternoon.
The event brought together over 60 attendees, comprising treasurers, senior leaders, and key executives from various financial institutions, Government Linked Companies (GLCs) and corporations.
The seminar featured two experts: Eugene Leow, Senior Rates Strategist with DBS Bank in Singapore. He started out as a Southeast Asia economist when he joined the bank in June 2011. Prior to DBS, he worked as an analyst covering economics, politics, and financial markets in Southeast Asia.

The second speaker is Phillip Wee, Senior FX Strategist also from DBS Bank. At DBS, Wee oversees the market views for five major currencies and eleven Asian currencies. He works closely with DBS’ many corporate advisory teams in helping government-linked companies to small-and-medium enterprises – to manage their exchange rate risks and has worked with clients to improve their hedging models and built currency baskets for hedging purposes.

The speakers shared insights on the current state of the global economy and its outlook, delving into the pressing question, "Is a recession avoidable?".

In his welcome remarks, Ti Eng Hui, CEO of Baiduri Bank, said, "We are delighted to host this seminar, bringing together industry experts to discuss the most pressing issues facing the global economy.

“At Baiduri Bank, we are committed to providing our clients, with insights, tools and resources to help them navigate the fast-changing global economic landscape. By staying informed, being flexible, and seizing opportunities, I believe we can continue to thrive in this ever-changing landscape," Ti added.

The event was one of many initiatives undertaken by Baiduri Bank to help its clients make important investment decisions by providing expert-led discussions, presentations, and access to the latest market research insights.

For more information on Baiduri Bank’s products and services, the public can contact its 24-hour Customer Helpline at 244 9666, visit, or follow Baiduri Bank Group on social media platforms.


Contact our customer support team if you have any further questions. We are here to help you.

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