After three years of strong loans growth, the sector faces tougher times as Singapore's export-reliant economy slows, partly due to a trade war between China and the United States. DBS, nearly 30 perc... ( read original story ...)
UPDATE 1-DBS Q4 profit up 8 pct, supported by rise in net interest margin
SINGAPORE, Feb 18 (Reuters) - DBS Group Holdings Ltd , Southeast Asia’s biggest lender, reported an eight percent rise in quarterly profit that came in line with market expectations, powered by a robu... ( read original story ...)
DBS reports 8% rise in 4Q earnings to $1.32 bil; brings FY18 earnings to new record high
SINGAPORE (Feb 18): DBS Group reported 4Q earnings rose 8% to $1.32 billion from a year ago, bringing FY2018 earnings to a record high of $5.63 billion. In the 4Q ended Dec, net interest income rose 1... ( read original story ...)
UOB’s new digital bank gamifies personal finance
In the next five years, they hope to have three to five million TMRW customers. No specific date for launch in Singapore has been set but UOB shared that it will progressively launch TMRW in ASEAN in ... ( read original story ...)
Singapore Plans Cautious Budget With an Eye on Election
(Bloomberg) -- Singapore Finance Minister Heng Swee Keat will aim to strike a delicate balance in Monday’s budget: preaching fiscal prudence while doling out more social spending ahead of ... ( read original story ...)
Chinese Students Fan Profit at Bangkok School Criticized for IPO
Chinese enrollments are helping to buoy profits at Thailand’s only listed school operator. SISB Pcl, or Singapore International School of Bangkok, sees 2018 net income at the high end of expectations ... ( read original story ...)
Singapore’s government will likely spend big ahead of an upcoming election
From 2016 through the current financial year, the country is estimated to accumulate surpluses totaling 20 billion Singapore dollars, according to analysts from Citi. That would give Finance Minister ... ( read original story ...)
DBS : 8 in 10 SMEs want more business incentives to help address urgent challenges
A dipstick poll conducted by DBS over the last week revealed that SMEs[1] in Singapore are looking to the government to give them a leg-up in supporting their business growth this year. Eight in 10 sa... ( read original story ...)
DBS : sets record with digital alternatives this Chinese New Year
The bank will also provide 'Ang Bao Recycling Bins' at branches island-wide - the first bank in Singapore to launch a recycling initiative for red packets DBS QR Ang Baos, the world's first loadable Q... ( read original story ...)
DBS keeps faith with Perennial’s ‘hidden gems’ to drive longer-term growth
SINGAPORE (Feb 14): DBS Group Research is keeping the faith in Perennial Real Estate Holdings (PREH), despite the real estate and healthcare company posting a 22.2% drop in full-year earnings. Perenni... ( read original story ...)
DBS and SMU join hands to launch sustainability program
The DBS-SMU Sustainability Initiative is the first-of-its-kind in Southeast Asia and includes the introduction of a sustainability major supported by research, scholarships, fellowships and community ... ( read original story ...)
Worst is over for ThaiBev, says DBS
SINGAPORE (Feb 15): DBS Group Research says the worst should be over for Thai Beverage and that its strong 1Q19 results should provide confidence and a re-rating catalyst for the counter. Further re-r... ( read original story ...)
SMU partners DBS to promote sustainability, launch Singapore’s first sustainability major
Singapore Management University (SMU) and DBS have established a partnership on a comprehensive initiative focusing on promoting and growing sustainability. Key programmes of the initiative include th... ( read original story ...)
There are ‘encouraging signs’ from Singapore Airlines’ earnings, analyst says
"I think the results were largely in line with our expectations," Paul Yong, senior vice president of equity research at Singaporean bank DBS, told CNBC's "Street Signs" on Friday. The bank has a buy ... ( read original story ...)
Bank of Singapore, Edelweiss partner to target Indian market
SINGAPORE: Oversea-Chinese Banking Corp.’s private bank plans to form a partnership with Edelweiss Group that allows wealthy Indians to access the Singapore firm’s investment offerings. Bank of Singap... ( read original story ...)
How OCBC busts the fear factor over jobs upheaval
It's a public statement we make." SEE ALSO: UOB's TMRW banking to beat today's competition Speaking to The Business Times, Mr Ho said OCBC has broken down the numerous courses offered under Singapore' ... ( read original story ...)