23 January 18 The Business Times by NEO SHI WEI
CYCLISTS who do not own a bicycle or have trouble transporting a bicycle will not have to worry about these issues at this year's OCBC Cycle, Singapore's largest cycling event.
At the launch on Monday, OCBC announced that the company has partnered Mobike for the first time to offer 2,000 bicycles rent-free. This also marks the first time a bicycle-sharing company is involved as an official partner in a cycling competition in Singapore.
OCBC chief executive Samuel Tsien said that the partnership was inspired by the growing acceptance of a bicycle-sharing culture in Singapore.
As long as the participants have a Mobike account, they can redeem a free bicycle ride for use over the event weekend on May 5-6. Furthermore, all participants will receive a complimentary 2018 pass that will grant them unlimited free Mobike rides till the end of the year.
Mobike Singapore country manager Sharon Meng said: "We are confident that our partnership with OCBC Bank will help to promote and encourage residents to live active and healthy lifestyles."
OCBC Cycle is also collaborating with The Straits Times (ST) Run for the first time. The participants of OCBC Cycle 2018 will receive 5 per cent off registration fees for The Straits Times Run, said OCBC. ST Run participants taking part in OCBC Cycle will also enjoy this discount.
The Corporate Chase
A new corporate category, titled The Corporate Chase, was introduced this year. Companies can sign up a team of four employees, and compete against each other in a 42km race. The team with the fastest combined net time will win S$400 in cash and a champion's trophy.
For a more charitable cause, companies can take part in The Business Times Cycle Of Hope Corporate Bike Ride.
More than half of the registration fees will go to the four beneficiaries: NUHS Fund Limited, SportCares Foundation, Today Enable Fund and The Business Times Budding Artists Fund.
The four other main-event categories will return this year - the Sportive Ride (42 km), the Straits Times Ride (23 km), Mighty Savers Kids Rides for families and children, and the Speedway Club Championship for cycling clubs.
OCBC Cycle 2018 will take place at the Singapore Sports Hub. Engineer Myat Thanda Htet, 34, who is planning to cycle on a Mobike during the event, said: "I do have a bike, but I choose the Mobike because it's convenient for me. If not, I need to ride my bike to the stadium and that is more travelling time."