SG Talk
UOB plans to move some back, middle-office functions to Malaysia - Printable Version

+- SG Talk (https://sgtalk.net)
+-- Forum: SG Talk (https://sgtalk.net/Forum-SG-Talk)
+--- Forum: Market Talk (https://sgtalk.net/Forum-Market-Talk)
+--- Thread: UOB plans to move some back, middle-office functions to Malaysia (/Thread-UOB-plans-to-move-some-back-middle-office-functions-to-Malaysia)



UOB plans to move some back, middle-office functions to Malaysia - forum456 - 15-08-2024

https://www.businesstimes.com.sg/companies-markets/uob-plans-move-some-back-middle-office-functions-malaysia-aims-sustain-roe-14-2026


RE: UOB plans to move some back, middle-office functions to Malaysia - ODA TETSURO - 15-08-2024

Run road?


RE: UOB plans to move some back, middle-office functions to Malaysia - Scythian - 15-08-2024

(15-08-2024, 09:48 AM)ODA TETSURO Wrote:  Run road?

Moving HQ to KL

Good foresight


RE: UOB plans to move some back, middle-office functions to Malaysia - Harry Lee - 15-08-2024

Beady eyes aunty says rental is not the main cost problem. We paid her $1m so she must be expert


RE: UOB plans to move some back, middle-office functions to Malaysia - ODA TETSURO - 15-08-2024

(15-08-2024, 10:14 AM)Scythian Wrote:  Moving HQ to KL

Good foresight

[Image: giphy.gif]


RE: UOB plans to move some back, middle-office functions to Malaysia - Gemstar - 15-08-2024

UOB hv to weigh the pro and cons if move services to KL. I cancelled my UOB credit card becos all hotline calls are routed to KL and they gave very bad and sub-standards services. Failures to address my issues and sit on my problems until I was so piss-off.


RE: UOB plans to move some back, middle-office functions to Malaysia - ODA TETSURO - 15-08-2024

(15-08-2024, 10:47 AM)Gemstar Wrote:  UOB hv to weigh the pro and cons if move services to KL. I cancelled my UOB credit card becos all hotline calls are routed to KL and they gave very bad and sub-standards services. Failures to address my issues and sit on my problems until I was so piss-off.

Singapore is sinking....surrendering to foreign countries....just like Income.


RE: UOB plans to move some back, middle-office functions to Malaysia - Clyde - 15-08-2024

More people going to lose their jobs.
Those who laughed at Engineers losing their jobs previously now how?


RE: UOB plans to move some back, middle-office functions to Malaysia - wulala - 15-08-2024

SG cost too high to sustain liao, even banks are showing sign.


RE: UOB plans to move some back, middle-office functions to Malaysia - Gemstar - 15-08-2024

(15-08-2024, 11:13 AM)wulala Wrote:  SG cost too high to sustain liao, even banks are showing sign.
It is not that SG costs too high to sustain. Becos banks are too greedy for higher and higher profits every year. If local banks moves services to KL, customers standards of services wil be compromise. In the end, more customers might shift to local offshore banks whereby customers can expect a more personal touch service standards.


RE: UOB plans to move some back, middle-office functions to Malaysia - Gstalk - 15-08-2024

Since it hired so many malaysians, might as well move back to kl and send these people back. Cheaper some more.


RE: UOB plans to move some back, middle-office functions to Malaysia - Gemstar - 16-08-2024

(15-08-2024, 12:14 PM)Gstalk Wrote:  Since it hired so many malaysians, might as well move back to kl and send these people back. Cheaper some more.
Sounds good. It cud be a blessings in disguise by sending them back to their own kampong, wil be a good idea. And let our cramped space in our tiny island be more ease.


RE: UOB plans to move some back, middle-office functions to Malaysia - jus4lucky - 16-08-2024

waiting for more enterprise to sell off. sg is finished.


RE: UOB plans to move some back, middle-office functions to Malaysia - Niubee - 16-08-2024

(15-08-2024, 10:14 AM)Scythian Wrote:  Moving HQ to KL

Good foresight

Show proof is HQ.


RE: UOB plans to move some back, middle-office functions to Malaysia - talky - 16-08-2024

if pap does not get the hint means they are still asleep!!


RE: UOB plans to move some back, middle-office functions to Malaysia - Gemstar - 16-08-2024

(16-08-2024, 03:22 PM)talky Wrote:  if pap does not get the hint means they are still asleep!!
Those MIWs are always blur like sotong.


RE: UOB plans to move some back, middle-office functions to Malaysia - watchfirst9 - 16-08-2024

(15-08-2024, 10:50 AM)Clyde Wrote:  More people going to lose their jobs.
Those who laughed at Engineers losing their jobs previously now how?

It means Sporean and its foreign talents here can be replaced @ elsewhere,
in this case Mysia.


RE: UOB plans to move some back, middle-office functions to Malaysia - Wy:Nox - 16-08-2024

(15-08-2024, 10:50 AM)Clyde Wrote:  More people going to lose their jobs.
Those who laughed at Engineers losing their jobs previously now how?

I recall that Tharman said Singapore Core can fill up the banking jobs. It seems that FTs are changed to PRs to fill up those jobs the Govt created instead.


RE: UOB plans to move some back, middle-office functions to Malaysia - Ola - 16-08-2024

(15-08-2024, 12:11 PM)Gemstar Wrote:  It is not that SG costs too high to sustain. Becos banks are too greedy for higher and higher profits every year. If local banks moves services to KL, customers standards of services wil be compromise. In the end, more customers might shift to local offshore banks whereby customers can expect a more personal touch service standards.


Wah phiang! 

Those IT Companies retrench since last year. 

Foreign Banks reduce size and Local Financial institutions starts to shrink.

So where are the good jobs for us?