SINGAPORE – Media OutReach Newswire – 22 May 2025 – Baiduri Bank, Brunei Darussalam’s largest conventional bank, proudly announces the opening of its first overseas representative office in Singapore. Located at Marina Bay Financial Centre (MBFC) Tower 2, this expansion marks a significant milestone in the Bank’s 30-year journey in the financial sector.

Since its establishment in 1994, Baiduri Bank has undergone a remarkable transformation—evolving from a home-grown bank into a leading financial institution that has played a pivotal role in Brunei’s economic development. Its evolution over the past three decades has been marked by rapid growth, innovation, and expanded capabilities in retail, corporate, and institutional banking.

Today, Baiduri Bank is internationally recognised for its financial strength and innovation, reflected by its A-/A-2 stable rating from S&P Global Ratings. It has also been honoured with multiple international awards including “Bank of the Year 2024” by The Banker, “Best Bank in Brunei” by Euromoney and Global Finance, and “Best Banking Group in Brunei 2024” by World Finance. These accolades reinforce the Bank’s credibility and its strategic readiness to expand its regional footprint.

A strategic expansion into Singapore – Beyond Brunei

The launch of the Singapore Representative Office represents the next chapter in this trajectory. It is a strategic move to strengthen Baiduri Bank’s regional presence, promote its corporate and institutional banking capabilities, and enhance engagement with counterparty banks and financial institutions.

Singapore, as one of the world’s leading financial hubs, offers immense opportunities for the Bank to identify strategic partners and alliances. By acting as a bridge between Bruneian opportunities and Singapore’s vibrant financial ecosystem, the office supports Brunei’s economic diversification agenda while creating pathways for Singapore-based institutions and investors to access new markets and forge cross-border collaborations.

Leading the Representative Office

Leading the Baiduri Bank Representative Office is Mr Young Yi, Chief Representative Officer, a seasoned corporate banker with over 25 years of corporate banking experience across local and international banks, including Deutsche Bank, HSBC, Societe Generale, ANZ and Westpac. With a strong background in corporate banking, relationship management, Mr Young is a valuable addition to support Baiduri Bank’s presence in Singapore.

Commenting on the launch, Mr Young stated: “I am excited and privileged to be part of Baiduri Bank’s journey in Singapore and I look forward to leveraging on my network, fostering strong meaningful collaborations to achieve win-win outcomes for Baiduri Bank and our partners. With our deep local knowledge of the Bruneian market, we offer ourselves as a trusted advisor to companies based in Singapore looking to invest in Brunei. The Representative Office will also serve as a referral conduit to our banking partners for Bruneian companies looking to expand into Singapore and the region”.

Strengthening regional economic collaboration

Brunei presents a compelling value proposition for businesses, offering a stable operating environment, strong governance, and attractive tax schemes. As a signatory to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Brunei provides tariff-free access to one of the world’s fastest-growing economic regions. With its well-educated workforce, absence of capital controls, and 1:1 currency interchangeability with the Singapore Dollar, Brunei is well-positioned as a gateway for regional business expansion.

In support of this goal, Baiduri Bank is working closely with the Brunei Economic Development Board (BEDB) to encourage greater investment engagement and regional business connectivity. The Bank’s Singapore Representative Office will serve as a touchpoint to facilitate conversations with potential investors and explore new opportunities linked to Brunei. By aligning efforts with BEDB, Baiduri Bank hopes to contribute meaningfully to Brunei’s broader economic diversification goals—while helping connect Bruneian businesses to regional markets and Singapore-based stakeholders to emerging opportunities in Brunei.

Launch and networking reception

The launch ceremony of Baiduri Bank’s Singapore office at MBFC Tower 2 was a distinguished event, attended by esteemed guests, including Yang Amat Mulia Pengiran Muda Dr Abdul Fattaah, Chairman of Baiduri Bank, senior government officials, and prominent leaders from the banking sector of Brunei and Singapore.

Baiduri Bank’s CEO, Ti Eng Hui, delivered an address outlining the Bank’s vision for regional growth, followed by the unveiling of a meticulously crafted 3D replica of Baiduri Bank’s headquarters presented alongside iconic landmarks of Brunei and Singapore – symbolising the strong economic ties between the two nations.

Following the official ceremony, Baiduri Bank hosted a networking cocktail reception at the Mandarin Oriental Singapore, attended by over 300 guests, including representatives and senior leaders from regional financial institutions and corporations.

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Baiduri Bank

Baiduri Bank Group is one of the largest providers of financial products and services in Brunei Darussalam. The Group comprises Baiduri Bank, Baiduri Finance and Baiduri Capital, providing banking services to institutions or corporations, retail banking, consumer financing, securities trading and wealth management.

Established in 1994, Baiduri Bank’s shareholders include Baiduri Holdings and Darussalam Assets. With a combination of global outlook combined with extensive local knowledge and commitment to the Brunei market, the Bank has been acknowledged as the leading conventional bank in the country with a track record of financial innovations and pioneering activities.

In 2024, Baiduri Bank was awarded ‘Bank of the Year 2024’ by The Banker, ‘Best Bank in Brunei 2023’ by Euromoney, ‘Best Bank in Brunei 2024’ by Global Finance, ‘Best Banking Group in Brunei 2024’ by World Finance, ‘Domestic Retail Bank of the Year, Brunei 2024’ by the Asian Banking & Finance and ‘Best Retail Bank in Brunei 2024’ by the Asian Banker. The Bank was awarded the 2nd ASEAN Outstanding Social Welfare and Development Award (AOSWADA) in recognition of its CSR efforts in 2023.

Standard & Poor’s maintained the Bank’s credit rating to ‘A-/A-2’ with Stable Outlook in July 2024. https://www.baiduri.com.bn/

BAFS INTECH reinforces its leadership position as a leading Thai ground support vehicle manufacturer, aggressively expanding into international markets by delivering seven aircraft refueling vehicles and ground support vehicles to Cambodia’s new international airport, positioning itself to accommodate the burgeoning aviation industry across Southeast Asia.

BANGKOK, THAILAND – Media OutReach Newswire – 22 May 2025 – M.L. Nathasit Diskul, President of Bangkok Aviation Fuel Services Public Company Limited (BAFS), said BAFS INTECH Company Limited, a subsidiary of BAFS Group, specializes in the design, manufacture, and assembly of aircraft refueling vehicles and ground support vehicles for airport operations. Leveraging the expertise of its engineering and technical teams, BAFS INTECH integrates cutting-edge innovations with advanced safety technologies to produce high-performance, durable vehicles that meet the requirements of ground handling service providers throughout the region. The company is delivering seven units, including hydrant dispensers, ground support vehicles, and mobile refueling carts, to Phnom Penh Aviation Fuel Service Co., Ltd. (PPAFS) in May 2025. These units will service Techo International Airport in Phnom Penh, Cambodia, which will be officially opened this July, marking another significant milestone that underscores BAFS’s leadership in comprehensive aircraft refueling services.

BAFS INTECH’s aircraft refueling vehicle manufacturing business started with BAFS’s foundational knowledge and proficiency in aircraft refueling operations, enhanced by state-of-the-art technology. Its capacity to modify refueling vehicles to client specifications, offering various sizes and flow rates to fit different aircraft types and airport operational settings, is BAFS’s competitive advantage. This approach ensures optimal quality, safety compliance, and operational suitability, with manufacturing quality that conforms to the standards for supplying aviation fuel established by the Joint Inspection Group (JIG), the global benchmark for aviation refueling systems.

BAFS INTECH is committed to developing technologies related to aircraft refueling services to meet the expansion of the aviation industry, particularly in Southeast Asia, which is emerging as a regional transportation and logistics hub. Initially focusing on producing aircraft refueling vehicles for BAFS and domestic clients, the company has progressively expanded into neighboring markets. Over the past four years, BAFS INTECH has earned the trust of clients in Myanmar and Laos, who have selected the company to design and manufacture aircraft refueling vehicles and ground support vehicles.

M.L. Nathasit said, “With over 40 years of experience in providing international-standard aviation fuel supply services and a commitment to elevating ground handling services through Thai-designed and manufactured products, this delivery underscores BAFS INTECH’s capabilities and readiness as a leader in the design and manufacture of airport ground support vehicles. We have 16 more vehicles in production awaiting delivery this year, and we anticipate orders for 17 units in 2025. BAFS INTECH plans to penetrate international markets more extensively, particularly in Southeast Asia, by emphasizing our capabilities to produce high-performance vehicles tailored to meet Asian operational requirements. We aim to expand into Vietnam, Malaysia, the Philippines, and Singapore within the next five years.”
Hashtag: #BAFSINTECH #BAFS #refueling #vehicle

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KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 22 May 2025 – A global broker deeply involved in implementing social initiatives worldwide, Octa, recently received an award for one of its CSR (corporate social responsibility) projects. Given by Global Banking and Finance Review, the ‘Best CSR program by CFD broker Asia 2025’ award reflects Octa’s commitment to bringing long-lasting change to local communities.

Throughout its 14-year track record in the financial industry, Octa broker has consistently carried out targeted charity initiatives. As the primary focus of its humanitarian efforts, the company aims to facilitate better education opportunities for a wide range of beneficiaries and provide emergency relief to victims of natural disasters.

The educational component of Octa’s charity agenda is built around creating new points of growth in those areas where it matters most. For example, last year, the broker’s initiatives included improving school infrastructure in Indonesia and contributing to children’s literacy development in Nigeria.

The ‘Best CSR program by CFD broker Asia 2025’ award was handed to Octa based on the STATUS 200 coding bootcamp that took place in Kuala Lumpur, Malaysia.

Organised in cooperation with Ideas International, this charity project was held on-site between April and November 2024. The STATUS 200 bootcamp aimed to create new career opportunities for dedicated Malaysian students passionate about programming.

The bootcamp’s program consisted of three stages, each filled with intense learning and challenging assignments. All participants started with no coding background, and by the end of the bootcamp, those who accomplished Stages 2 and 3 acquired a skill level that corresponds to a junior web developer position.

Octa’s partner in this initiative, Ideas International, is a Malaysian academy focusing on providing high-quality, affordable education for youths with diverse backgrounds. A great example of socially beneficial cooperation, Octa broker and Ideas International have been working together for several years, carrying out charity projects to lay the basis for a better future for Malaysia through facilitating new education opportunities. According to Octa, the broker looks forward to continuing this fruitful partnership and generating more exciting joint projects.

Octa is involved in a comprehensive network of charitable and humanitarian initiatives, including improving educational infrastructure and funding short-notice relief projects supporting local communities. By carrying out our charity projects, Octa works towards ensuring inclusive and equitable quality education and promoting lifelong learning opportunities for all.

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Octa

Octa is an international CFD broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 52 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including improving educational infrastructure and funding short-notice relief projects to support local communities.

In Southeast Asia, Octa received the ‘Best Trading Platform Malaysia 2024’ and the ‘Most Reliable Broker Asia 2023’ awards from Brands and Business Magazine and International Global Forex Awards, respectively.