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 ...
Agoda partners with DBS and launches new rewards points redemption feature
SINGAPORE, March 6, 2024 /PRNewswire/ -- Digital travel platform Agoda has announced its partnership with DBS, a leading financial services group, to offer a new reward points redemption system ...
Singapore’s Temasek in Talks to Invest in OpenAI Amid Its $5T AI Chip Project
Singapore state-owned investment firm Temasek Holdings is reportedly in talks to invest in OpenAI, the AI development firm behind ChatGPT. Financial Times reported Tuesday, citing sources that said ...
How Shein’s US IPO Became Endangered by China Rift
US investors are facing the growing risk of losing out on Shein’s potentially huge initial public offering, as the fast-fashion giant with Chinese roots considers holding it in London instead.
Chinese fast fashion brand Shein could have its wings clipped before it IPOs as France mulls 50% tariff and U.K. retailers call for closure of tax loophole
French lawmakers want to tax fast fashion's environmental harms, while U.K. retailers want the government to close Shein's parcel loophole.
Olam Group’s Singapore-Saudi dual IPO plan for agri unit delayed again
Olam Group said the delay was due to the regulatory framework still being finalised in Saudi Arabia to enable the listing of foreign companies.
Dubai’s Parkin sets IPO price range of up to 2.1 dirhams per share
DUBAI, March 5 (Reuters) - Dubai's Parkin, which oversees public parking operations in the emirate, has set the price for its planned initial public offering (IPO) at 2 to 2.1 dirhams ... from top ...
Mobile-Health Network Solutions Finalizes U.S. IPO Terms
Mobile-Health Network Solutions has filed for an IPO to raise $10.125 million. The company provides a telehealth platform and related services in Singapore. Due to a number of risks, mediocre growth ...
Asia seeks 2024 redemption for IPOs
2023 was a testing time for many of Asia's stock markets through a combination of weak performance and a lack of IPOs. FA looks at what went wrong ... others including China, Hong Kong, Singapore and ...
OCBC Cycle returns in May with new category for foldable bikes
THIS year’s OCBC Cycle – the largest cycling event in Singapore – will take place over the weekend of May 11-12 with a new 40 km category for foldable bikes. Read more at The Business Times.
Standard Chartered Bank names Sanjay Gurjar as co-head of client coverage
Standard Chartered Bank India appoints Sanjay Gurjar as Co-Head of Client Coverage for Corporate, Commercial, and Institutional Banking.