The Pestel Analysis Of Orix Corporation: Singapore
1. Company Introduction
ORIX Corporation was established on April 17, 1964 in Osaka, Japan as Orient Leasing Co., Ltd. During the 1960s, ORIX Corporation was the pioneer batch in Japan providing leasing and corporate financing solutions to individual businesses during the booming period of economic growth in Japan. Till date, ORIX’s office can be found across 36 countries and regions worldwide.
Retrieved from http://www.orix.co.jp/grp/en/company/
In Year 1972, Orix Leasing Singapore Limited “ORIX SINGAPORE” was incorporated in Singapore providing corporate financing to industries such as Shipping, Medical, Retail and Transportation etc. Being a trusted finance provider company with a long history, ORIX also went into a joint venture with DBS Bank Limited and United Overseas Bank Limited with ORIX being the major shareholder. The main core of business is to provide commercial financing such as Hire Purchase, Vessel Financing, Merchant Cash Advance, Working Capital Loan and Project Financing to businesses locally or internationally. Till date, there is only 1 office located at Odeon Tower, Singapore with a staff strength of 80 headcounts.
2. PESTEL Analysis Of External Factors
2.1 …show more content…
Unlike other finance service provider who offer online platform to its customers , ORIX Singapore do not have a real time portal whereby its customer can log-on to check on daily transactions or its due date. Till date, Orix Singapore is still using the traditional method by sending monthly bills via snail mails. With an online portal, transactions will be more effective and efficient for ORIX Singapore to receive its monthly loan repayment. Keeping abreast of technology, it is imperative to compete and to succeed in today’s competitive market. There is a need for speed, security and efficiency and better productivity in order to out perform
ORIX Corporation was established on April 17, 1964 in Osaka, Japan as Orient Leasing Co., Ltd. During the 1960s, ORIX Corporation was the pioneer batch in Japan providing leasing and corporate financing solutions to individual businesses during the booming period of economic growth in Japan. Till date, ORIX’s office can be found across 36 countries and regions worldwide.
Retrieved from http://www.orix.co.jp/grp/en/company/
In Year 1972, Orix Leasing Singapore Limited “ORIX SINGAPORE” was incorporated in Singapore providing corporate financing to industries such as Shipping, Medical, Retail and Transportation etc. Being a trusted finance provider company with a long history, ORIX also went into a joint venture with DBS Bank Limited and United Overseas Bank Limited with ORIX being the major shareholder. The main core of business is to provide commercial financing such as Hire Purchase, Vessel Financing, Merchant Cash Advance, Working Capital Loan and Project Financing to businesses locally or internationally. Till date, there is only 1 office located at Odeon Tower, Singapore with a staff strength of 80 headcounts.
2. PESTEL Analysis Of External Factors
2.1 …show more content…
Unlike other finance service provider who offer online platform to its customers , ORIX Singapore do not have a real time portal whereby its customer can log-on to check on daily transactions or its due date. Till date, Orix Singapore is still using the traditional method by sending monthly bills via snail mails. With an online portal, transactions will be more effective and efficient for ORIX Singapore to receive its monthly loan repayment. Keeping abreast of technology, it is imperative to compete and to succeed in today’s competitive market. There is a need for speed, security and efficiency and better productivity in order to out perform