Baiduri Holds Investment Seminar
By Helena M. Mahathir

Bandar Seri Begawan - An investment seminar entitled "The USD and Investing in Asia" took place yesterday at the Sheraton Utama Hotel in the capital. Hosted by Baiduri Bank, the seminar was attended by more than 150 people comprising the bank's Prestige customers and corporate clients as well as invited guests.

Guest speaker for the seminar was Dr Lee Boon Keng, Vice President and Market Strategist at DBS Global Financial Markets based in Singapore.

Also present was Mr Pierre Imhof, General Manager of Baiduri Bank, who gave the opening remarks.

"As a financial partner, Baiduri Bank's dedicated team is constantly seeking to provide our Prestige customers and corporate clients with better support in wealth and asset management, and update them with relevant market information to help guide their investment decisions," said Mr Imhof.

"We believe there is a segment of mass affluent investors in Brunei who are keen to invest in the global markets.

"In addition to offering premier banking services under Baiduri Prestige, we will also be focusing on investment products that cater to their needs and financial objectives," said the GM.

Mr Imhof added that in March this year, the bank had successfully introduced the Baiduri Twin Currency Deposit, a foreign exchange-linked time deposit that guarantees higher interest than conventional BND fixed deposit.

"This will be followed by other structured deposit and treasury products in the near future, as we leverage on our international expertise, local knowledge and strategic alliances with leading financial institutions and investment specialists in the region," he said.

During the seminar, Dr Lee Boon Keng addressed three fundamental questions, namely "Is the US Dollar rising structurally?", "Where is the Federal Reserve going from here?", and "Is Asia the preferred place to invest?"

Dr Lee also shared valuable market insights and analyses with the aim to provide all participants with an understanding of key factors behind the movement of the US Dollar, including the policy of the Federal Reserve, US economic growth and twin deficit, how that may impact on other major currencies, and the prospects of investing in Asia.

This was followed by an open-floor Q & A session for the participants. -- Courtesy of Borneo Bulletin

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