OCBC lines up new hub in Punggol Digital District that can house up to 4,000 employees

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SINGAPORE: OCBC will invest about S$500 million (US$390 million) in the Punggol Digital District and house up to 4,000 workers there, the bank said on Wednesday (Sep 18).

It will set up an innovation hub and embark on a "strategic partnership" with the Singapore Institute of Technology (SIT), OCBC said in a joint press release with SIT and government industrial planner JTC.

This comes on top of the bond-free scholarships that OCBC has been awarding since the 1950s, the bank noted.

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Category: EconomyBusiness

Markets: Singapore

Topics: Ocbc Bank Partnership Development Digital Campus Learning Punggol District Innovation Scholarships

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 15:29:53 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 620 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22575332

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