Major miners also moved to cut ties with the iron ore trading house, sources said. Read more at straitstimes.com. Read more at straitstimes.com.
Singapore bank OCBC second-quarter net profit jumps 22% on-year to record
Singapore's Oversea-Chinese Banking Corp (OCBC) posted on Friday a 22% rise in net profit in the second quarter from a year earlier, supported by growth in its wealth management income.
OCBC Q2 profit rises 22% to S$2.22 billion, beating expectations
Earnings beat the S$1.91 billion consensus forecast in a Bloomberg survey of analysts, with the bank declaring an interim dividend of S$0.47 per share Read more at The Business Times.
Singapore’s IPO reboot sees 3.5x the listings and over $3 billion raised, as reforms bring bourse revenue up 14% via dual listing bridge with Nasdaq
Singapore’s bourse reported a 14% jump in yearly revenue to $1.17 billion, after the country rolled out a series of market reforms in 2025 aimed at revitalizing its sluggish stock market. The measures ...
Singapore’s UOB to shed asset management arm for $433.5 million to focus on wealth management
Aug 5 (Reuters) - Singapore lender United Overseas Bank said on Wednesday that it had agreed to sell its asset management business to a unit of European insurer Allianz for S$555 million ($433.49 ...
SGX reports ‘exceptional’ year for stock market as revival efforts yield results
The 21 new SGX listings raised $4.1 billion in FY2026, up from the six listings that raised $25.7 million the year before. Read more at straitstimes.com. Read more at straitstimes.com.
DBS shares scale record high as bank lifts forecast after profit beat
By Rae Wee and Yantoultra Ngui SINGAPORE, Aug 6 (Reuters) - DBS Group, Singapore's biggest bank, raised its full-year guidance after second-quarter net profit rose 9%, as it leans on its wealth ...
HSBC to sell Singapore insurance unit to Allianz in $2.1 billion deal
HSBC will sell its Singapore life and health insurance business to Allianz. This deal is valued at S$2.7 billion and is expected to close in early 2027. The sale will help HSBC simplify its operations ...
DBS Group Shares Notch Record High on Best-Ever Quarterly Profit, Improved Guidance — Update
SINGAPORE--DBS Group, Southeast Asia's largest lender, posted its best-ever profit and raised its guidance, sending its shares to an all-time high. The Singapore-based lender's second quarter net ...
DBS posts record Q2 profit, raises 2026 guidance
SINGAPORE: DBS Group, Singapore's biggest bank, raised its full-year guidance on Thursday (Aug 6) after second-quarter net profit rose 9 per cent, beating expectations as strong wealth-management fees ...
DBS shares hit record high as bank lifts guidance after profit beat
By Rae Wee and Yantoultra Ngui SINGAPORE, Aug 6 (Reuters) - DBS Group, Singapore's biggest bank, raised its full-year guidance after second-quarter net profit rose 9%, as it leans on its wealth ...
DBS raises 2026 guidance as wealth business powers growth despite lower rates
CEO Tan Su Shan says team is ‘firing on all cylinders’ after record Q2 profit; sees structural opportunities in Asia’s wealth, trade and AI trends Read more at The Business Times.
DBS Group CEO Tan Su Shan Leads Southeast Asia’s Largest Bank Into The AI Era
The first woman boss in the banking giant’s 58-year-history is preparing for the future by seeding AI deep and wide across the organization.
Higher interest rates positive for Singapore banks: Macquarie Capital
DBS, the largest Southeast Asian bank, posted a record quarterly net profit in Q2. Macquarie Capital's Jayden Vantarakis talks about DBS across the Singapore banking sector, pointing out DBS has the ...
DBS Steps Up SME Support With AI Adoption, Financing and Payments
DBS launches DBS for SMEs with advisory, financing, AI and cross-border payment support for Singapore businesses.
DBS names seven ‘deep-value’ stock picks to ride Singapore’s value-unlocking theme
The market is rewarding companies that show a credible route to monetise under-utilised assets, analysts say Read more at The Business Times.