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Press statement by Dato' Ong Eng Bin, CEO of OCBC Bank - in conjunction with the release of the 2019 National Budget

Press statement by Dato' Ong Eng Bin, CEO of OCBC Bank - in conjunction with the release of the 2019 National Budget

  • 02 Nov 2018

As anticipated Budget 2019 highlighted the operating constraints brought about by the fiscal position of the government. We are heartened by the approach taken to spend more wisely and the much-need singleminded focus on the cross-section of society that deserves the most attention. Overall, Budget 2019 balances prudence with realistic spending in the current uncertain economic climate of rising global interest rates as well as tensions from the trade war between the US and China.


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