Daily Briefing: OCBC to grow outside Singapore; Top chef gives back Michelin stars

And here are four reasons why insurance companies will not be "disrupted" soon.

From The Motley Fool:

Oversea-Chinese Banking Corp Limited (SGX: O39) is one of the three main banks in Singapore. It is also one of Southeast Asia’s largest banks with total assets of S$429.6 billion currently.

If you’re an investor or potential investor in OCBC, you should know how the bank is positioning itself for the future. This is especially important with the rapid changes in the banking industry brought on by the emergence of fintech companies, blockchain technology, and more.

So, what is OCBC’s strategy to tackle the future? Let’s have a quick overview in this article.

Read more here.

From DollarsAndSense.sg via Yahoo!:

In recent times, the word “disruption” has increasingly become a mainstay in our daily vocabulary. It seems every few weeks there are new businesses with new technologies trying to disrupt another area of our lives.

In Smart Nation 2.0, Singapore already has a framework to support the push to leverage technology to improve the lives of people on the island. Prime Minister Lee Hsien Loong has also made technology a key part of his National Day Rally speeches in the past two years. Last year, he cited the example of Uber and Grab’s disruption of the taxi industry and said that we need to “let disruption happen” but also help the drivers and companies locally.

Read more here.

From AFP News via Yahoo!:

A Singapore chef with two Michelin stars has announced he wants to be stripped of the honour and will close his popular eatery, the latest restaurateur to walk away from the culinary distinction.

Foodies in the affluent city-state, home to one of Asia's best culinary scenes and packed with Michelin-starred restaurants, reacted with shock after learning of Andre Chiang's decision.

Taiwanese-born Chiang's restaurant "Andre", which offers experimental fare with roots in French cuisine, had won widespread praise since it opened seven years ago.

Read more here.