At closing bell, the Straits Times Index (STI) index was up 29.04 points, or 0.93% to 3,136.14 after trading between 3,114.43 and 3,151.08. Volume of 1.48 billion shares worth S$1.24 billion changed ...
Singapore ride-hailing firm Ryde to debut on New York Stock Exchange
RIDE-hailing and carpooling firm Ryde is joining a growing number of Singapore-based companies listed on the US stock market. Read more at The Business Times.
OCBC’s Mayda Lim in building the next pipeline of tech, banking talent
Lim weaves the need to support women bankers with the wider talent shortage in the industry. In 2021, Mayda Lim took the next step in her banking and IT career: after a four-year stint working in ...
DBS grows sustainable financing by 37% to US$52.1 billion in 2023
SINGAPORE: Singapore's biggest bank DBS Group has grown its sustainable financing commitments, net of repayments, by 37.3 per cent to S$70 billion (US$52.10 billion) as of end-December, from S$51 ...
Singapore welcomes Bitstamp into its regulated crypto sphere
Bitstamp, a leading crypto trading platform, has announced receiving in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution within the ...
No record-high earnings for Singapore banks in 2024, but loans to recover
The US Federal Reserve is expected to start cutting rates in mid-2024. Don’t expect Singapore banks to hit new record earnings this year– thinner interest margins are in the books, although loan ...
Over 11,000 people avoid losing about $56m to scammers in operation by Anti-Scam Centre and banks
In the two-month operation, more than 15,000 SMSes were sent to over 11,000 potential scam victims. Read more at straitstimes.com.
EFG Singapore names GSA, Greater China heads
Swiss-headquartered EFG Bank has appointed Ravi Ramakrishnan as EFG Singapore branch’s market group head covering the Global South Asia (GSA) market and Alex See as market group head at Greater China ...
Ryde announces IPO in the US, but the journey may be far from easy
An IPO listing might be a successful milestone for many startups, but Ryde's case may hint that the move is their last resort.
Singapore Stock Market Poised To Extend Losing Streak
(RTTNews) - The Singapore stock market has moved lower in three straight sessions, slipping almost 35 points or 1.1 percent along the way. The Straits Times Index now sits just beneath the 3,110-point ...
Singaporean bank DBS CEO Gupta’s total pay dropped 27% to $8.3 mln in 2023
Piyush Gupta, CEO of Singapore's biggest bank DBS Group and one of the highest paid CEOs in the city-state, saw his total compensation dropped 27.3% for 2023, according to the lender's annual report ...
Singaporean bank DBS grows sustainable financing by 37% to $52.1 billion in 2023
Singapore's biggest bank DBS Group has grown its sustainable financing commitments, net of repayments, by 37.3% to 70 billion Singapore dollars ($52.10 billion) as of end-December, from S$51 billion ...
DBS Cuts CEO’s Pay Package in Record Year Marred by Glitches
DBS Group Holdings Ltd. cut Chief Executive Officer Piyush Gupta’s variable pay components in a year which saw disruptions in the bank’s digital services rub some shine off its record profit.
DBS thermal coal exposure down 33% from 2021, ‘on track’ to green five out of seven sectors: 2023 sustainability report
DBS’s sustainable financing commitments, net of repayments, stood at about $70 billion at end-2023, up from $51 billion in 2022.
DBS’s sustainable financing commitments reach $70 billion
The bank also facilitated close to $18 billion of environmental, social and governance bond issuances. Read more at straitstimes.com.
DBS CEO Piyush Gupta’s FY2023 pay cut by 27% despite record earnings
DBS Group Holdings CEO Piyush Gupta has seen his FY2023 pay cut by around 27%, even as the bank reported record earnings of more than $10 billion. For FY2023, he received a total remuneration package ...