Business
DBS CEO Piyush Gupta sees job cuts of 4,000 temp staff as AI replaces roles
DBS Group Holdings plans to cut about 4,000 of its contract and temporary staff workforce over the next three years as artificial…
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DBS
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MBS gets record S$12 billion loan; DBS, OCBC, UOB, Maybank coordinating facility
MARINA Bay Sands has obtained a S$12 billion multi-tranche loan to fund a planned expansion of its casino resort in Singapore, according…
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DBS crosses S$46 for first time to hit new high on strong results and capital return dividend plan
SHARES of DBS rose to a historic level after it announced a capital return dividend of S$0.15 per share per quarter to be paid out over…
Business
DBS shares vault past S$46 in intraday trading on strong results, capital return dividend plan
SHARES of DBS rose to a historic level after it announced an additional dividend payout for FY2025 on top of its regular dividends,…
Business
Stocks to watch: DBS, Suntec Reit, Frasers Property, Hutchison Port, Zheneng Jinjiang, Creative Tech
THE following companies saw new developments that may affect trading of their securities on Monday (Feb 10). DBS: The lender posted net…
Business
Investors eye more share buybacks, special dividends as DBS, OCBC, UOB release Q4 earnings
The local banking trio are due to report their fourth quarter and full year 2024 results in February INVESTORS are keenly watching the…
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Panin Bank acquisition could add 2-3% to DBS’ or OCBC’s profit: RHB
Broker notes that a sale is attractive, given the scarcity of such deals and Jakarta-listed bank’s status as a mid-sized lender with total…
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Stocks to watch: Sembcorp Industries, Hai Leck, DBS
THE following companies saw new developments that may affect trading of their securities on Tuesday (Dec 10): Sembcorp Industries: The…
Business
Han Kwee Juan to replace Tan Su Shan as DBS’ head of institutional banking
DBS announced on Monday (Dec 9) that it has appointed Han Kwee Juan as head of institutional banking with effect from Jan 1, 2025. He will…
Business
DBS sees risk assets in ‘sweet spot’ as inflation moderates and rate cuts loom
THE current economic environment is in a “sweet spot” for risk assets, said DBS senior investment strategist Daryl Ho, citing moderating…
Business
DBS hires private bankers for rich Russians as rivals baulk
DBS has beefed up its wealth management team to cater to rich Russians at a time when many global rivals are staying away from the…
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Bankers need to be curious to navigate the shifting energy landscape: DBS’ Kelvin Wong
Industry players are increasingly concerned about storage and grid capacities, says the lender’s head of energy, renewables and…
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Bankers need grit to navigate the shifting energy landscape: DBS’ Kelvin Wong
Industry players are increasingly concerned about storage and grid capacities, says the lender’s head of energy, renewables and…
Business
DBS, OCBC, UOB, Maybank syndicating Singapore’s biggest loan of S$12 billion for Marina Bay Sands
The 7-year facility, which will be syndicated to other financiers, will refinance an existing S$4b borrowing MARINA Bay Sands is seeking a…
Business
Timing of DBS share buyback announcement and its CEO’s share sales was not a good look
One solution is to prohibit share sales by top executives during share buybacks; another is to disclose valuations at which buybacks would…
Business
Companies like DBS, ST Engineering are buying back their shares. Are there downsides?
THIS month, the board of DBS set up a S$3 billion share-buyback programme, which involves purchasing its own shares from the open market.…
Business
DBS share buyback raises questions on capital management as counter hits all-time high
The buyback follows the move by Singapore’s largest lender to issue bonus shares in February to return capital to shareholders DBS has…
Business
DBS nominates Rajat Verma to be next India CEO: sources
DBS’ India unit has nominated its head of institutional banking, Rajat Verma, to be its new CEO, two people familiar with the matter said.…
Business
DBS CEO Piyush Gupta sells S$12.6 million worth of shares as DBS hits all-time high
DBS’ shares have shot past the S$40 mark in a rally; other major banks’ shares have also rallied amid bright Q3 earnings results OUTGOING…
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DBS, OCBC, UOB aim to stay competitive as foreign players slash mortgage rates
Foreign banks in Singapore have slashed their home loan rates to as low as 2.45%, lower than that offered by the local banks SINGAPORE’S…
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Singapore's DBS eyes Malaysian bank stakes in expansion push, sources say
SINGAPORE’S biggest lender DBS is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian…
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‘I would do it differently, if I were to do it again’: Outgoing DBS CEO on bank’s tech capabilities
OUTGOING DBS chief executive Piyush Gupta would have done things differently if he were given another chance to build the bank’s…
Business
Stocks to watch: DBS, Acrophyte Hospitality Trust
THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 7): DBS: Singapore’s largest…
Business
DBS CEO says only half of banks are making enough AI and tech progress
THE head of Singapore’s biggest lender said only about half of the banking industry has made sufficient progress in transforming their…