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During the war, the bank moved its head office to Bombay, India and only re-registered back in Singapore after the war ended. OCBC's branch in Xiamen survived the war and in the 1950s, OCBC was one of only four foreign banks to have…
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The lack of employment opportunities back home forces them to seek greener pastures elsewhere. They are said to contribute as much as US$20 Billion per annum to the government coffers, with as much as 80% going to service foreign debt.
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