06 April 2021

In its ongoing efforts to keep their clients and business counterparts up-to-date with the latest developments in the global market and also help them address challenges facing their businesses in a volatile environment, Baiduri Bank held a seminar titled ‘Getting the Shots for Recovery’ at the Baiduri Community Space located at its Headquarters today.

The guests made up from Government institutions, Government Linked Companies (GLCs) and Baiduri Bank’s local business partners attended the seminar held in close collaboration with DBS Bank. Eugene Low, Rates Strategist (G3 & Asia) and Philip Wee, Executive Director of Group Research at DBS Bank, tuned in via video calls to first give a global economic outlook before providing the guests with their predictions and insights on global market developments in the next few months.

The pair of speakers also mentioned how experts are forecasting a small growth in the global Gross Domestic Product (GDP) due to the stabilization of several leading markets such as the United States and Singapore as well as more economies slowly opening, and business restrictions gradually being lifted in certain countries.

They also analyzed the effectiveness of the current global vaccination rollout and economic policies such as the United States’ recent fiscal stimulus package in supporting the acceleration of economic growth. The event ended with a question-and-answer session with the speakers.

Speaking on the event, Ak Nor Muhammad Nizam Pg Hj Tengah, Head of Group Treasury and Institutional Banking said: “This is the first seminar held specially for our institutional clients. We hope to continue providing more platforms and resources to share insights that will help our clients to be more effective in treasury management.”

Meanwhile, Mr Ti Eng Hui, the Chief Executive Officer of Baiduri Bank said in his welcoming remarks: “Analysts have already forecasted this year to be a year that the world’s economies may start to recover, with developments in vaccination programmes, and markets steadily improving. By leveraging our global partnership network, we hope to connect our clients with the latest research developments, enabling them to seize new opportunities and be better equipped to overcome the post-pandemic challenges.

“Through seminars, workshops and business forums like these, we, along with the expertise of our global partners, are looking to help our corporate clients address the different challenges facing their businesses in a volatile environment filled with numerous uncertainties.”

For more information, customers may log on to or contact the Baiduri Bank Customer Helpline at 244 9666.


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