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Month: March 2025

Posted on 26/03/2025

Best, but not necessarily the biggest: Piyush Gupta on DBS’ transformation

SINGAPORE] When DBS in 2015 set its sights on being recognised as the world’s best bank, there was scepticism within the management ranks. In terms of the size of assets, DBS was not within spitting ...

Posted on 26/03/2025

Singapore stocks track Wall Street gains with STI up 0.2%

Key indices in the region closed higher. Hong Kong’s Hang Seng Index gained 0.6 per cent, Japan’s Nikkei 225 was up 0.7 per cent, South Korea’s Kospi rose 1.1 per cent, and the FTSE Bursa Malaysia ...

Posted on 26/03/2025

Jardine’s DFI says S$125 million sale of Singapore food business not price-sensitive, but investors disagree

SINGAPORE] Supermarket and retail store operator DFI Retail Group on Monday (Mar 24) explained why it did not announce the divestment of its Singapore food business on the Singapore Exchange (SGX).

Posted on 26/03/2025

As scams rise in Singapore, Trust Bank makes it harder to transfer money out

Singapore's Trust Bank will make it harder for users to withdraw money if they have chosen to better protect themselves from scams. ( read original story ...)

Posted on 26/03/2025

Singapore stocks rise on Wednesday; STI up 0.2%

SINGAPORE] Stocks on the Singapore bourse ended higher on Wednesday (Mar 26), tracking gains in the region and overnight on Wall Street. Read more at The Business Times.

Posted on 26/03/2025

Issue #18: What’s Happening This Week? Cold Storage and Giant’s $125 Million Sale, OCBC 360 Account Nerf, and More

Cold Storage and Giant are being sold for $125 million—but don’t worry, your cashback perks are safe, and you might even score cheaper groceries. OCBC 360 Account holders, brace yourselves—OCBC’s ...

Posted on 26/03/2025

DBS’s incoming CEO Tan Su Shan should focus on tech stability, growing Asean footprint: Morningstar

Morningstar’s senior equity analyst Michael Makdad says it is “difficult to find fault” with Gupta’s leadership, though one area that faced “occasional challenges” was a series of digital disruptions.

Posted on 26/03/2025

Singapore Focuses on Growth with New Tax Incentives for Investors

Opinion: Crowe's Sivakumar Saravan says multinational enterprises should assess the range of opportunities offered by the new corporate tax measures in Singapore's 2025 budget.

Posted on 26/03/2025

1.3% dip in Singapore factory output despite high growth expectations

SINGAPORE - Factory production in Singapore fell in February, breaking a seven-month rising streak, after the biomedical and electronics clusters contracted year-on-year. Total output decreased 1.3 ...

Posted on 26/03/2025

Singapore Manufacturing Output Falls Sharply in February Amid Weak Biomedical Demand

Singapores manufacturing sector unexpectedly contracted in February, with output falling 1.3% year-on-year, defying forecasts of a 7% increase, according to data from the Singapore Economic ...

Posted on 26/03/2025

Singapore Stocks May Experience Pressure Amid Cautious Market Sentiment

The Singapore stock market is poised for a potentially muted session as it navigates through a climate of caution. Following two consecutive days of gains, the Straits Times Index (STI) has added ...

Posted on 26/03/2025

Groww IPO: Massive fundraise update ahead of public listing plans? Latest news here!

Groww’s last fundraise in 2021 had valued the platform at around $3 billion. Post latest funding round, Groww is expected to file its IPO papers in the next few months.

Posted on 26/03/2025

Singapore executives see rising financial crime risk, lack confidence in compliance

Cybersecurity, AI, regulation, geopolitics and sanctions as the key factors driving financial crime threats in 2025, according to Kroll’s survey.

Posted on 26/03/2025

Argentina football team’s Singapore exhibition match confirmed for early 2026 — will Messi finally play?

Singapore will host Lionel Messi and the Argentina national football team in early 2026 for an exhibition match, as part of a newly announced ...

Posted on 26/03/2025

DBS Leading Race to Buy Controlling Stake in Indonesia’s Panin Bank, Sources Say

SINGAPORE/HONG KONG (Reuters) - DBS Group, Southeast Asia's top bank by assets, is the frontrunner to buy a controlling stake in Indonesia's Panin Bank, three people with knowledge of the matter said.

Posted on 26/03/2025

Budget 2025 leaves no Singaporean behind in 60th year of independence

The Government’s spending plan for the country's 60th year of independence was a “Budget for all Singaporeans”. Read more at straitstimes.com.

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