Jimmy Ng, current group head of operations, will retire and become a senior advisor for AI. DBS has appointed a new group chief operating officer (COO) and group audit head. Derrick Goh will assume ...
DBS appoints Derrick Goh as group COO in newly created role
Singapore's largest bank DBS announced another spate of leadership changes in senior-level appointments on Wednesday (Feb 12), including a newly-created role of Group Chief Operating Officer (COO). The role will be taken on by Derrick Goh,
Nearly 40% of Singapore investment professionals foresee improvement in private capital market
SINGAPORE: Singapore’s private capital market is poised for a potential upswing in 2024, with 38.5% of investment professionals expecting conditions to improve, according to a r ...
SMEs must expand overseas, invest in upskilling for long-term growth: DBS
EVEN as small and medium-sized enterprises (SMEs) grapple with rising business costs, they must continue to position themselves for long-term growth by expanding overseas and investing in upskilling, ...
Temasek-Backed Cuscaden To Delist Singapore’s Paragon In Deal Valuing Shopping Mall REIT At $2.1 Billion
Cuscaden Peak Investments—backed by Singapore state-linked investor Temasek Holdings—is seeking to take Paragon REIT private in a deal valuing the shopping mall operator at $2.1 billion.
More than 100 job openings at Amazon Web Services as firm deepens investment in S’pore
AWS said its ongoing investment is expected to contribute around $23.7 billion to the country’s GDP. Read more at straitstimes.com.
HSBC Asset Management invests in Singapore EV charging firm SP Mobility
HSBC Asset Management has invested in SP Mobility, operator of Singapore’s largest high-speed electric vehicle charging network, in a move to tap into opportunities related to energy transition in ...
DBS appoints group audit head Derrick Goh as group COO, a newly created role
The veteran has been with the bank since 2008, and will assume the newly created role from April 1. Read more at straitstimes.com.
DBS announces new role of chief operating officer to be helmed by Derrick Goh
DBS also announced on Wednesday that group head of operations Jimmy Ng will retire from executive duties on Jul 1. “A strong champion of the bank’s innovation efforts over the past 15 years, he will be appointed senior advisor for the bank’s artificial intelligence efforts until Dec 31,” it said.
New payments entity, automated verification tool to boost Singapore’s status as finance hub
The new entity will consolidate the administration and governance of payment schemes such as PayNow. Read more at straitstimes.com.
Singapore to consolidate administration of payment systems under one roof
The Monetary Authority of Singapore and the Association of Banks in Singapore will set up a new entity to consolidate the administration and governance of Singapore’s various national payment schemes.
OCBC issued sustainability-linked loans to 110 SMEs in 2024, more than four times y-o-y
OCBC supported close to 4,000 SMEs across the region with total sustainable financing commitments of over $9 billion, increasing over 40% y-o-y.
SME sustainable financing loan book up more than 40% to exceed S$9 billion in 2024: OCBC
OCBC’S total sustainable financing for small and medium-sized enterprises (SMEs) grew by more than 40 per cent year on year, surpassing S$9 billion in 2024, up from more than S$7 billion in 2023. Read ...
300 SMEs to get help in new OCBC programme to drive climate action
The OCBC SME Start-ESG Programme will help firms get a baseline measurement of their sustainability metrics. Read more at straitstimes.com.
Analysis-Is China’s state-funded stock revival plan pie in the sky?
As China directs its large financial institutions to help revive and rebalance a struggling stock market, analysts see merit in the plan but are sceptical it will stimulate a recovery. Beijing has ...
Trade war turmoil hits emerging markets hard, but Singapore defies the storm
In addition to falling stock prices, regional currencies like the Malaysian ringgit, Indonesian rupiah, and Taiwan dollar all weakened against the U.S. dollar. The Malaysian ringgit saw a notable drop ...