DBS has done a good job of smoothly handling the thorny issue of leadership succession. It speaks well of the bank’s succession planning that the group chose an internal candidate who has served in various roles for many years to be its new chief executive officer.
Wealth management fees push Singapore bank’s profits
The increasing strength of the wealth management space in Singapore is helping the country’s banks grow their profits, while other areas of banking are slowing ...
TOKEN2049 Singapore set to be world’s largest web3 event with 20,000 attendees
As the world’s largest and most prominent crypto and blockchain event, TOKEN2049 is set to break all records for its 2024 edition Taking over Singapore and the entirety of the Marina Bay Sands, ...
Singapore’s middle distillates stocks rise to 3-yr high
Singapore's middle distillates stocks climbed for a second week to hit a 3-yr high of nearly 12 MMbbls, as a drop in diesel/gasoil net exports countered gains in jet fuel/kerosene net exports.
Indonesia to Export Green Power to Singapore by 2028
This green power export to Singapore will not only generate job opportunities, but also attract huge investments to Indonesia.
DBS’s Piyush Gupta: The sage of Singapore heads for the exit
When Piyush Gupta was named chief executive of DBS in 2009, the Singapore lender was going nowhere in particular. He gave it drive and direction, buying assets around Asia and transforming it into the world’s best bank.
DBS shares fall 1.56% today, down 10% month-to-date, ahead of 1HFY2024 results
DBS will release its 1HFY2024 earnings during the midday break on Aug 7, and not after trading hours as previously announced.
US crypto firm BitGo wins payment license in Singapore
California-based cryptocurrency custody firm BitGo is expanding its global operations by obtaining regulatory approval in Singapore, one of the world's most crypto-friendly countries. BitGo has ...
Early-stage deals shine in Singapore’s fintech space amidst ‘cautious’ investors’
There were 52 early-stage deals in Sinagpore in H1 versus just 25 later-stage deals. Fintech deal activity in Singapore rose but the total value of investments fell during the first six months of 2024 ...
Singapore seeks solutions to boost stock market
The Singaporean Government has been researching solutions to revive the domestic stock market as many companies have weakened in recent years amid high interest rates.
Singapore to ‘Redouble Efforts’ to Keep Costs of Living Stable
Singapore Prime Minister Lawrence Wong pledged to “redouble efforts” to combat high living costs, including by strengthening social safety nets for the most vulnerable citizens.
Singapore MAS Grants BitGo MPI License to Offer DPT Services
Digital asset service provider BitGo has become the latest crypto player to receive the Major Payment Institution (MPI) License from the Monetary Authority of Singapore (MAS). BitGo is pleased to ...
A flashy CEO who claimed to be among Singapore’s top 1% was planning the island’s answer to Coachella. Now prosecutors have charged him with fraud, denied bail, and say he’s a …
Businessman and K-pop enthusiast David Yong, 37, was arrested by the Singaporean police on August 1 and denied bail on Thursday.
Man charged with misappropriating S$12 million from wine investment scheme
SINGAPORE: A man who was behind a multi-million dollar wine investment scheme was on Thursday (Aug 8) charged for cheating and related offences. Eldric Ko, the former CEO of Premium Liquid Assets ...
Singaporean behind multi-million dollar wine investment scheme charged
SINGAPORE - A Singaporean behind a multi-million dollar wine investment scheme left Singapore in 2011 shortly before the police began investigations into the enterprise. Following his return to ...
Who is Tan Su Shan, Singapore bank DBS’s incoming CEO?
Singapore's DBS Group has appointed Tan Su Shan, currently its institutional banking group head, as CEO from March, replacing Piyush Gupta, who has led Southeast Asia's biggest bank for 14 years.