Singapore IP to contract by 7.0% in 2023

Given weak external demand and tight financial conditions stemming from an elevated interest rate environment, an expert from UOB believes that Singapore’s industrial production will contract by 7.0% ...

DBS Sees 2024 Profit to Match This Year’s Record Level

The bank’s shares rose slightly. Higher global interest rates have boosted revenue at banks including DBS, though they may now face a cloudier economic outlook. In Singapore, the central bank kept monetary policy settings unchanged for a second straight ...

DBS 3Q Net S$2.63B Vs. Net S$2.24B >D05.SG

DBS Group's third-quarter net profit rose 18% on year, supported mainly by higher net interest income and fees. Net profit for the quarter was 2.63 billion Singapore dollars (US$1.94 billion), the bank said Monday. Total income rose 16% on the year to S$5. ...