Senior Correspondent OCBC Bank is developing a new innovation hub in the Punggol Digital District (PDD) as part of a $500 million investment.
The hub, named OCBC Punggol, is slated for completion in the first quarter of 2027. Up to 4,000 of the bank's employees, mostly from its technology teams, will be based there, OCBC said in a statement on Sept 18.
It will occupy eight floors of a 12storey integrated complex that will also house a 200-room hotel and retail spaces, and will be directly linked to the nearby Singapore Institute of Technology (SIT).
The investment will also see the bank partnering SIT to establish an Analytics and Innovation Lab, driving fintech innovation and developing future talent.
When completed, OCBC Punggol will be the largest OCBC office premises outside the Central Business District and the second-largest after the bank's head office in Chulia Street, said OCBC group chief executive Helen Wong at the unveiling of OCBC Punggol on Sept 18.
"JTC's vision for PDD - to nurture an ecosystem that fosters collaborative partnerships and innovation - resonates with us most," she added, referring to JTC Corporation, the agency developing PDD.
Located at 98 Punggol Way, OCBC Punggol will be directly connected to SIT's Chua Thian Poh Discovery Hub via a red link bridge.
هذه القصة مأخوذة من طبعة September 19, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 19, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
HIT THE RAILS ON A BIKE
It is always a thrill to pull out of a train station and feel yourself picking up speed, wheels click-clacking over the rails.
From drugs, jail and bankruptcy to social enterprise cafe for ex-offenders
Drugs. Bankruptcy. Failed marriages. And prison. But Mr Matthew Poh is not letting his past define him.
Small Rain finds great intimacy amid medical isolation
How has the Covid-19 pandemic shaped literary fiction? American novelist Garth Greenwell's turn from two erotically charged novels set in Bulgaria to his latest – a pandemic novel set in the sexless emergency ward of an Iowa hospital – offers answers.
Grab Singapore's managing director listens to audiobooks
Mr Yee Wee Tang, 48, managing director of Grab Singapore, recently announced that the company has upgraded its Grab Benefits 2.0 programme and will spend $4 million a year on welfare for drivers and delivery workers who use the platform.
Japanese author inspired by external environs
Ko Shinjo is behind the novel that inspired Netflix hit Tokyo Swindlers
Gen Z couples say no to hawker centre first dates
In the light of a Bumble survey, The Sunday Times speaks to four couples to find out how dating etiquette has evolved over the years
Let's Talk About Death Who will care for my sister when I die?
Let's Talk About Death is a five-episode docuseries that follows several millennials and their loved ones as they navigate end-of-life planning, and seeks to kick-start honest conversations about death and dying well.
Maeder, kitefoiling get sweet Yeo's bundle deal
An already momentous year for Singapore's kitefoiler Maximilian Maeder got even better on Nov 9, when local food and beverage company Yeo Hiap Seng (Yeo's) extended their sponsorship deal by another four years from 2025 to 2028.
CAVENDISH'S FINAL RACE
Legend confirms that S'pore Criterium is his swansong - and he wants to claim it
Improving Chelsea can beat any team, says Maresca
UP FOR THE FIGHT
