The boss of OCB Life Group, which was a Gold Sponsor for the recent Singapore Fintech Festival 2020, plans to acquire a regional airline.
Harry Pham disclosed his plans after talking about his company’s participation in the largest annual fintech festival in the world.
He praised the festival’s innovative hybrid digital and physical experience, and promised to renew his partnership with the event again in 2021. He also said he recognized the potential of Big Data, Blockchain, IoT and Artificial Intelligence. He has invested in a number of technology companies, including the Singapore-based OCB Life Group.
As well as OCB Life Group, he has other investments in construction, pharmaceuticals and technology solutions. He is currently in discussion with potential partners in China and Singapore to acquire, or invest in companies in new business fields.
Looking ahead, Phan expects 2021 to remain challenging for most businesses, especially in tourism, aviation, and real estate sectors. Even so, he sees the “rainbow after the storm”, and is optimistic that businesses that leverage new technologies will do well. This is why he plans to acquire a regional airline, expecting tourism to rebound strongly post-covid.
The Singapore Fintech Festival 2020, organized by the Monetary Authority of Singapore, took place between December 7th to December 11th, 2020.