Staying on the pulse of news

25th Jun 2020

Hong Leong Finance To Reopen Six Branches and Two SME Centres

Hong Leong Finance (HLF) will reopen six branches and two SME Centres with effect from 29 June 2020. These branches and SME Centres will help to meet the expected increase in customer traffic as Singapore heads into the second week of post-Circuit-Breaker Phase 2 Safe Transition.

There will be a total of 14 opened branches and seven SME Centres in operation by 29 June, while 14 other branches and five SME Centres will remain closed until further notice.

23rd Jun 2020

Hong Leong Finance Reaches Out To SMEs With Targeted Business Loans

Hong Leong Finance (HLF) today launched its Business Loans Campaign with the aim of reaching out to more SMEs, empower them with targeted solutions to manage cash flow, and mitigate the overall impact from the coronavirus crisis.

SMEs with affected cash flow can apply for affordable Enhanced Enterprise Singapore Financing Scheme (EFS) – SME Working Capital Loan (WCL) and the Temporary Bridging Loan Programme (TBLP). These collateral-free loans are supported by the Monetary Authority of Singapore’s (MAS) SGD Facility. Customers can also enjoy a waiver of processing fees during this period.

10th Jun 2020

We Clean. We Care. We Welcome.

In this pandemic and global fight against Covid-19, Millennium Hotels and Resorts (MHR) has stepped up precautionary measures to ensure that every hotel is a welcoming sanctuary for guests. The “We Clean. We Care. We Welcome.” campaign has been rolled out to more than 145 hotels across 80 locations under the MHR portfolio. 

Complementing mandatory preventive measures by government authorities and hygiene accreditations, the “We Clean. We Care. We Welcome.” campaign establishes exhaustive measures that focuses on all touchpoints of any interaction to ensure that every stay with an MHR hotel is safe, clean and comfortable and that the well-being of employees are safeguarded.  

06th May 2020

Hong Leong Finance Hits 500th Customer In Approved COVID-19 Loan Relief Applications

Hong Leong Finance (HLF) has seen a surge in COVID-19 approved loan relief applications, reporting that it has approved applications from 500 customers, comprising 300 from local businesses and 200 from retail customers.

HLF expects to see a further increase following the latest announcement by the Monetary Authority of Singapore to ease cash flow concerns of individuals, which includes vehicle and commercial property loans. As a committed financier, HLF is supportive of the second relief package for individuals.

21st Apr 2020

Love on the Battlefield

Millennium & Copthorne Hotels in the frontline against Covid-19 around the world

In the face of the battle against Covid-19 in Singapore and around the world, Millennium & Copthorne Hotels (M&C) has committed to extending support to the communities it operates in, and is standing in solidarity with key frontline workers and healthcare professionals.

M&C, a subsidiary of listed property giant City Developments Limited, operates in 80 locations across 22 countries around the world including China, the US, the UK and New Zealand. It is the most globalised of local hotel groups and has experienced a major brunt of the pandemic. In turn, the hotel group has rolled out help programmes to public health authorities, medical workers and other frontline personnel in the locations it operates in.

30th Mar 2020

CDL Appoints Veteran Hotelier As Group Chief Executive Officer For Hotel Arm Millennium & Copthorne Hotels Limited

30 March 2020 – The Board of Directors of City Developments Limited (CDL) announced today the appointment of Mr Clarence Tan (age 52) as the Group Chief Executive Officer (Group CEO) for Millennium & Copthorne Hotels Limited (M&C) – the Group’s wholly-owned hospitality subsidiary – with effect from 2 April 2020.

As the first CEO for the privatised M&C, Mr Tan will spearhead a turnaround in the performance of M&C’s global hotel portfolio which encompasses 150 hotels and 43,500 rooms worldwide, many in key gateway cities. Reporting to CDL and M&C Executive Chairman Mr Kwek Leng Beng, he will work closely with the CDL leadership team to deliver sustainable hotel performance by focusing on achieving synergies, cost efficiencies and driving profitability. Mr Tan’s timely appointment will offer stability to M&C and comes at a time when the COVID-19 pandemic has significantly affected the global hospitality industry.

19th Feb 2020

Hong Leong Finance Rolls Out Loan Relief for Customers Affected By COVID-19 Outbreak

Singapore, 19 February 2020 – Hong Leong Finance (HLF) today announced that it will roll out Covid-19 Loan Relief Schemes, to support small- and medium-sized enterprises (SMEs) and individual customers affected by the COVID-19 outbreak.

The Schemes will help businesses for their Singapore operations mitigate the impact caused by the coronavirus outbreak. HLF understands that one of the constraints that SMEs may face is cash flow. Loan support, for affected companies who encounter difficulty in servicing their loan instalments, will be extended to help them tide over this difficult period. Measures will include providing additional loans against their property with total loan-to-value (LTV) of up to 100% and offering SME Bridging Loans that are released in tranches according to their cash flow needs. These are further measures to complement the Stabilisation & Support Package delivered in Budget 2020.

Affected individual customers will also be rendered assistance.

HLF President Mr Ang Tang Chor said, “Medical staff are tirelessly combating the COVID-19 outbreak at the forefront and the Government is doing its utmost to keep the community safe and healthy. At Hong Leong Finance, we want to do our part by increasing financial support, such as preferential policies for loan terms and fees, to support our customers who may be in hardship. We understand the anxiety they are facing regarding maintaining cash flow to keep their businesses afloat and income to support their families. We believe our added assistance can help reduce business disruption and financial strain. We are committed to supporting them through these challenging times.”