Singapore’s largest lender DBS is expected to face new regulatory action following a lengthy outage of its digital banking services last week.
DBS CEO, who received S$15.4 million in pay in 2022, feels embarrassed over technical disruption
DBS CEO Piyush Gupta felt embarrassed at the Annual General Meeting due to the bank's digital banking service disruption for the second time in 16 months. DBS Chairman Peter Seah also apologized to ...
RHB cuts DBS’s target price by 5% after service disruption last week
The glitch has hurt DBS’s reputation and warnings of supervisory action could keep its share price range-bound, says RHB.
Singapore jumps to 9th spot in Kearney’s 2023 FDI Confidence Index
The nation remains strong on factors that are most important to investors, including government transparency and technological innovation,” says Kearney’s Asia Pacific regional head and chairman Arjun ...
Stock Market Live: Sensex, Nifty 50 expected to open with gains
Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to open higher on first trading day of the week tracking global cues. Singapore Exchange Nifty futures, an early indicator of the Nifty ...
Malaysia and Singapore’s QR Code Payments Linkage Has Gone Live
The cross-border QR code payment linkage between Singapore and Malaysia has gone live, enabling customers of participating financial institutions to make payments by scanning NETS QR and DuitNow QR ...
Many top university graduates in Singapore, Malaysia eyeing career path in Hong Kong, finance chief Paul Chan says after Southeast Asia visit
Financial secretary reveals observation in blog post, notes most are interested in regional cooperation for a stab at growing economic pie He says students interested in city's recently launched ...
Cryptocurrency firms struggle to find banking partners after US bank collapses- Where to next? Singapore? Switzerland? Hong Kong?
Sources suggest that some cryptocurrency companies have turned to Cross River Bank as their preferred banking partner to address this issue ...
Best credit card promotions in Singapore: Citibank, UOB, DBS (March 2023)
When it comes to credit card promotions these days, we’re spoilt for choice. Banks offering credit cards in Singapore are competing so hard for new customers that they are practically raining Apple ...
Former sales officer gets jail for working with syndicate to cheat Citibank of over $127,000
SINGAPORE - A direct sales officer at Citibank worked with a syndicate to dupe the bank into giving over $127,000 in loans to eight applicants who had submitted items including fake income ...
OCBC CEO Helen Wong’s 2022 pay reaches $11.2 million, behind other local bank chiefs
SINGAPORE – OCBC Bank group chief executive Helen Wong was paid $11.2 million in 2022, behind the remuneration of other local bank CEOs. This comes after OCBC reported a net profit of $1.3 billion for ...
Singapore’s DBS has seen inflows in SVB aftermath, CEO says
SINGAPORE, March 31 (Reuters) - DBS Group, Singapore's largest bank, has benefited from inflows amounting to a "few hundred millions" in the aftermath of the collapse of Silicon Valley Bank, its chief ...
Can Singapore revive the stock market from its sick bed?
SINGAPORE – For years, American investor Jim Rogers has been looking to buy and hold Singapore stocks that are cheap, unique and possess exciting growth prospects. The pickings have been lean. Mr ...
DBS apologises for ‘embarrassing’ service disruption, sets up special committee to look into incident
Chief executive Piyush Gupta said the disruptions, the second time in 16 months, has been “sobering” for DBS. Read more at straitstimes.com.
UOB lowers Vietnam’s 2023 GDP growth forecast to 6%
The Singapore-based United Overseas Bank (UOB) has just lowered its forecast for Vietnam's GDP growth to 6% from to previous 6.6%.
OCBC, DBS and NUS recognised for prioritising mental health in the workplace
SINGAPORE – Two banks, an elevator company and a university were among those awarded for their efforts in prioritising mental wellbeing in the workplace at the inaugural WorkWell Leaders Awards on ...