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| DECEMBER 2020 |
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| Structural Shifts in the Post-Pandemic World |
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| The Covid-19 pandemic has accelerated digital adoption and exacerbated income gaps. As we enter the new normal, the regional economist team at Maybank Kim Eng explains why the world will not return to the pre-pandemic normal. There will be permanent shifts in the ways we work, shop and play, such as the online shopping boom, the continuation of work from home trend and the dismal fact that air travel will never be the same again. Read on to discover eight structural shifts in a post-Covid world, which gives investors food for thought. |
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| Community |
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| Take part in the Heart of Singapore campaign |
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Maybank Singapore has launched the Heart of Singapore (#HeartofSG) campaign in support of the SG Cares Giving Week to raise funds for the President’s Challenge!
We invite you to participate by creating your own fundraising campaign or donating generously via the Giving.sg/heartofsingapore portal by 31 December 2020. Maybank will match the donation sum collected dollar-for-dollar, up to S$180,000. The total target amount of S$360,000 will be donated to 5 social service agencies through the President’s Challenge Empowering for Life Fund (ELF).
The 5 beneficiaries supported under ELF for President's Challenge 2020 are namely Movement for the Intellectually Disabled of Singapore (MINDS), Muscular Dystrophy Association (Singapore), Society for the Physically Disabled (SPD), WE CARE Community Services and Club HEAL. The donations will fund programmes in the areas of skills upgrading, capacity building and employment.
Join our giving community through the #HeartofSG campaign, and be someone's reason to smile! Visit giving.sg/heartofsingapore or scan the QR code to find out more!
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| Maybank wins Champion of Good award for the third time |
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Maybank Singapore has been named once again as a Champion of Good, conferred by the National Volunteerism & Philanthropy Centre (NVPC). This third-time win is a badge of honour for Maybankers and our customers who have supported our CSR activities over the years.
In line with our mission to Humanising Financial Services, Maybank aims to reduce inequalities by addressing financial security and livelihood concerns of communities in need. Let’s continue to work together and create collective impact!
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| Marketplace |
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| Maybank records 3QFY20 net profit of RM1.95b |
| Maybank Group announced on 27 November 2020 that its net profit for the third quarter ended 30 September 2020 came in at RM1.95 billion compared with RM2.00 billion in 3QFY19 as it recorded lower net operating income mainly due to the continued impact from the COVID-19 pandemic, although this was partly offset by reduced overhead expenses and a decline in impairments. Read the press release here. |
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| What's New |
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| Branch Updates |
Our newly relocated branch, Maybank@ChoaChuKang, is now open! Visit the branch for your banking needs at Block 304 Choa Chu Kang Ave 4, #01-661, Singapore 680304.
Customers in the West will also be able to visit Maybank@BtTimah for banking services from 21 December 2020 onwards at 1 Jalan Anak Bukit, #01-16A Bukit Timah Plaza, Singapore 588996. The new branch also houses a Premier Centre for Maybank Premier customers.
Maybank@TextileCentre will cease operations at its present premises with effect from 12 December 2020, at 12.15pm. Customers will still be able to access self-service banking facilities such as cash deposits and cash withdrawals. However, cheque deposit services will no longer be available following the closure. The nearest available branch will be Maybank@Chinatown. |
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| Heart Bakers@North East |
| Redeem delicious Cranstachio (Cranberries + Pistachios) cookies with your TREATS Points on the Maybank TREATS SG app from 1 December to 15 December 2020 and support our home bakers from low income families to earn an income. A collaboration with North East Community Development Council, this innovative recipe is specially crafted by celebrity chef Melvyn Lee. |
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Be rewarded when you transact on Maybank2u
SG app |
| Get up to S$20 cash credit and stand a chance to win 1 million TREATS Points when you transact on Maybank2u SG app from 1 October 2020 to 31 January 2021. Find out more here. |
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| Win big in the Maybank S$1,000 Daily Draw |
| From now till 28 February 2021, unwrap a more joyous Christmas with 60 exciting prizes every day! Win S$1,000 and other exciting prizes in the Maybank S$1,000 Daily Draw. Simply charge S$50 to your Maybank credit or debit card to earn your chances. Visit maybank.sg/ye for details. |
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| Get up to S$40 Takashimaya Shopping Centre vouchers |
| From 15 November 2020 to 14 January 2021, get up to S$40 Takashimaya Shopping Centre vouchers when you perform a minimum of 5 online or contactless payments each month on your Maybank Platinum Debit Card. Visit maybank.sg/dct for details. |
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| Do your Christmas shopping on the Maybank TREATS SG app |
| Delight your family and friends with curated Christmas gifts from The Fullerton Hotel Singapore, Shangri-la Hotel Singapore, Singapore Marriott Tang Plaza Hotel and more! Redeem these festive goodies instantly with as low as 7,200 TREATS Points from now till 26 December 2020, exclusively on the Maybank TREATS SG app. |
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| Beware of E-commerce Scams |
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| With the festive season around the corner, scammers will be on the prowl looking for potential victims. If you see deals that are too good to be true, think twice and look out for signs of an e-commerce scam. Always purchase through reputable platforms that release payment upon delivery and make payment only through the payment options available on the platforms. Stay updated on the latest scams here. |
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