Google's Anti-Scam Protection: Android Users In Singapore Won't Be Able To Install Unverified Apps ...
DBS boss Piyush Gupta takes US$3 million pay cut over Singapore digital banking disruptions
Gupta’s compensation took a 30 per cent hit due to last year’s disruptions that affected payment and ATM transactions across the city state.
How UOB’s Wee Cho Yaw nailed the biggest bank takeover of his career
But it was the bank's takeover of OUB in 2001, the biggest acquisition of Wee's career, that remains UOB's most famous to date -- partly due to the parties involved, partly because it offered the ...
UOB Kay Hian raises Parkway Life REIT’s target price to $5.07
UOB Kay Hian's Jonathan Koh has kept his "buy" call on Parkway Life REIT following its FY2023 results. And with steady distribution growth ahead, he has raised his target price to $5.07 from $4.84.
DBS leads STI up 1% as Singapore shares end Wednesday higher
A bumper profit at banking giant DBS helped propel the local market north on a day when other bourses in the region clocked in with mixed results. It also announced a one-for-10 bonus share issue and ...
Biggest Singapore Bank Cuts CEO’s Pay By Millions After Outage Hits Profit
DBS Group Holdings Limited's fourth-quarter profit came in short of analyst expectations amid signs of pressure on margins. And while 2023 results hit a record, Chief Executive Officer Piyush Gupta's ...
The CEO of Southeast Asia’s largest bank is taking a $3 million pay cut because of broken digital banking services
DBS reported record full-year profits on Wednesday, but also slashed the pay of senior executives following several major disruptions to online services.
Singapore’s GIC makes senior leadership changes, appoints new COO
Singapore sovereign wealth fund GIC's current deputy chief operating officer Sam Kim will be appointed as COO as part of a wider senior leadership changes, it said a statement on Wednesday. GIC, one ...
Singapore-based DBS Group cuts CEO Piyush Gupta’s variable pay by 30%
This decision by DBS Group to cut its CEO's compensation comes despite the bank reporting a two percent increase in net profit to S$2.39 billion in the quarter ending December 31.
DBS Group’s India-born CEO Piyush Gupta takes $4.1 million variable cut. Here’s why
Singapore's biggest lender DBS Group Holdings Limited has said that its chief executive officer Piyush Gupta took a 30 per cent cut in variable pay which amounts to Singapore $4.1 million, Bloomberg ...
Median monthly household income in Singapore above $10,000 in 2023 for second consecutive year
SINGAPORE: The median monthly income from work for Singapore households was above S$10,000 for the second year in a row in 2023.
Standardising food expiry date labels could result in extra costs, impact food imports
Use by” dates are for highly perishable food, while "best before" dates are for food items with longer shelf life. Read more at straitstimes.com.
Singapore bank DBS cuts CEO pay on digital disruptions despite record profit
DBS Group cut CEO Piyush Gupta's pay by S$4.1 million ($3.05 million), penalising him for last year's digital banking disruptions, even as Singapore's largest lender posted a record 2023 profit and ...
Singapore Ex-PM’s Son Found Liable for Millions Lost by Company
Singapore’s High Court has found Goh Jin Hian liable for $146 million in losses under his watch as director of a now-insolvent marine fuel supplying company, adding to the legal problems facing the ...
This was Singapore’s biggest commercial investment deal in Q4
According to a Savills report, Singapore’s commercial sector recorded a total of S$1.6 billion worth of investment sales in Q4/2023, which came from 13 transactions (all from the private sector). ...
Singapore’s DBS slashes CEO’s 2023 pay by $3m
CEO Piyush Gupta's variable compensation, which typically covers bonus payouts, was cut by 30%, which amounted to SG$4.14 million ($3.08 million), DBS said in a media release as it published its ...