SINGAPORE - DBS played a crucial role in Singapore’s early industrialisation, taking risks and absorbing downsides to benefit the country but not necessarily the bank itself, Prime Minister Lee Hsien ... ( read original story ...)
SIA is Singapore’s favourite brand
The Straits Times, DBS and POSB banks also among positively perceived brands National carrier Singapore Airlines is the most positively perceived brand by Singaporean consumers, according to a study b... ( read original story ...)
The Week Ahead: OCBC, Singtel, StarHub and ComfortDelGro
In May, Singapore’s second-largest bank posted a 29% jump in first-quarter earnings to S$1.1 billion. OCBC said net interest income growth was strong, wealth-management income was higher and allowance... ( read original story ...)
Singapore Airlines most well perceived by Singaporean consumers, Straits Times ranks 9th: YouGov survey
The Straits Times ranked ninth in the same study. Other Singapore brands on the list include banks DBS and POSB. Brands which made the top 10 include global companies such as WhatsApp, Google, Uniqlo ... ( read original story ...)
UOB beats forecasts with 28% rise in Q2 profit; CEO sees private home prices falling 5-10%
SINGAPORE - UOB chief executive officer Wee Ee Cheong said Singapore's private home prices could fall 5-10 per cent in time, following the recent property cooling measures by the government, calling i... ( read original story ...)
Singapore’s UOB to launch digital bank in ASEAN countries
SINGAPORE (Nikkei Markets) -- United Overseas Bank is launching a digital bank as it targets the mobile savvy in its effort to add more customers across Southeast Asia and expand its presence. Althoug... ( read original story ...)
Banking in brief: a roundup of Southeast Asia’s financial news
The value of bank and real estate stocks in Singapore are taking a hit with the announcement of real estate cooling measures by the central bank. The changes, which kicked in on 6 July, include a tigh... ( read original story ...)
UOB beats forecasts with 28% rise in Q2 profit; to launch Asean digital bank
SINGAPORE - UOB on Friday (Aug 3) reported a 28 per cent rise in net profit for the second quarter that was lifted by stronger overall operating income, and announced plans to ramp up its digital stra... ( read original story ...)
DBS lowers bar for Singapore lenders with second-quarter profit miss
SINGAPORE (Reuters) - DBS Group Holdings Ltd ... kicked off the quarterly results reporting season for lenders in the regional financial hub. United Overseas Bank reports results on Friday, followed b... ( read original story ...)
Singapore shares plunge as DBS Group weigh
KUALA LUMPUR (Nikkei Markets) -- Singapore shares fell Thursday as concerns over prospects of banking sector added to the renewed global trade worries that triggered Asia-wide selldown. Malaysia also ... ( read original story ...)
Singapore sets up education programme to retrain bankers for a digital world
Financial industry professionals can now seek skills upgrading, career advisory and job matching opportunities at the Institute of Banking and Finance’s ... IBF is working with the Monetary Authority ... ( read original story ...)
The CEO of Southeast Asia’s largest bank says he’s worried the US-China trade war will dent market psychology
The banking business, including that of DBS, relies to some extent on confidence to do well, Gupta said. He added that "unfortunately, there's not too much you can do about that and so you have to go ... ( read original story ...)
OCBC launches first-of-its-kind certification programme in Singapore
The OCBC-WMI Wealth Advisory Programme seeks to equip the bank's wealth advisors with private banking competencies. OCBC has partnered with Nanyang Technological University’s Wealth Management Institu... ( read original story ...)
How Robots and Tariffs Spoiled the DBS Party
Not so long ago, Singapore’s biggest bank used to be gung-ho about its trading operations. So much so that when DBS Group Holdings Ltd. moved its headquarters of nearly four decades, it made sure the ... ( read original story ...)
DBS Posts 20% Gain in 2nd-Quarter Profit
Net income rose 20 percent to S$1.37 billion ($1 billion) in the three months to June, the Singapore-based bank said Thursday, falling short of the S$1.44 billion average forecast in a Bloomberg surve... ( read original story ...)
DBS second quarter profit jumps 20 percent, misses estimates due to weak trading
SINGAPORE (Reuters) - DBS Group Holdings Ltd (DBSM.SI), Southeast Asia’s biggest lender, reported a 20 percent jump in net profit on Thursday, missing market expectations as the impact of business vol... ( read original story ...)