Google Cloud’s managing director for global AI business and applied engineering, Caroline Yap, has underscored Singapore’s remarkable potential as a global AI hub, attributing it to a conducive ...
DBS boss Piyush Gupta takes US$3 million pay cut over Singapore digital banking disruptions
Gupta’s compensation took a 30 per cent hit due to last year’s disruptions that affected payment and ATM transactions across the city state.
Biggest Singapore Bank Cuts CEO’s Pay By Millions After Outage Hits Profit
DBS Group Holdings Limited's fourth-quarter profit came in short of analyst expectations amid signs of pressure on margins. And while 2023 results hit a record, Chief Executive Officer Piyush Gupta's ...
The CEO of Southeast Asia’s largest bank is taking a $3 million pay cut because of broken digital banking services
DBS reported record full-year profits on Wednesday, but also slashed the pay of senior executives following several major disruptions to online services.
Singapore’s GIC makes senior leadership changes, appoints new COO
Singapore sovereign wealth fund GIC's current deputy chief operating officer Sam Kim will be appointed as COO as part of a wider senior leadership changes, it said a statement on Wednesday. GIC, one ...
This was Singapore’s biggest commercial investment deal in Q4
According to a Savills report, Singapore’s commercial sector recorded a total of S$1.6 billion worth of investment sales in Q4/2023, which came from 13 transactions (all from the private sector). ...
Singapore’s DBS slashes CEO’s 2023 pay by $3m
CEO Piyush Gupta's variable compensation, which typically covers bonus payouts, was cut by 30%, which amounted to SG$4.14 million ($3.08 million), DBS said in a media release as it published its ...
Singapore bank DBS’ fourth-quarter net profit rises 2% on-year, beats forecast
DBS Group , Singapore's biggest bank, posted on Wednesday a 2% rise in net profit in the fourth quarter from a year earlier on the back of a 9% increase in total income, according to a statement from ...
Singapore Market ends in the red
At closing bell, the Straits Times Index (STI) index was down 8.61 points, or 0.27%, to 3,125.68 after trading between 3,120.05 and 3,132.33. Volume of 1.30 billion shares worth S$1.12 billion changed ...
Singapore’s banks profits set to peak as rates boost fades
Singaporean banks are set to post higher profits for the fourth quarter because of higher interest rates, though growth momentum is poised to slow as big central banks pivot toward rate cuts and ...
Singapore’s property tax revenue expected to increase by S$600m due to higher home valuations
SINGAPORE: Singapore's residential property tax revenue for 2024 is expected to be around S$600 million (US$446 million) higher than what was collected in 2023, said Second Minister for Finance Chee ...
Singapore Bourse May Test Support At 3,100 Points
The Singapore stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it ...
Singapore’s Oobit gets $25 million funding from investors, including crypto firm Tether
Singapore's mobile payment app firm Oobit said on Monday it had raised $25 million in a funding round amid expansion plans as it pushes to advance the adoption of cryptocurrencies as a means of ...
Singapore’s Oobit gets $25 mln funding from investors, including crypto firm Tether
SINGAPORE, Feb 5 (Reuters ... Investors in the Series A funding round included the investment arm of crypto firm Tether, Hong Kong-based venture capital firm CMCC Global's Titan Fund, technology ...
High-Yield! 4 Singapore REITs with at least 5.4% distribution yields
SINGAPORE: Singapore’s Real Estate Investment Trusts (REITs) have proven robust despite inflation threats, providing a steady source of dividends for income investors. Here are four Singapore REITs ...
Singapore-based CLINT to invest in three industrial facilities at OneHub Chennai
CHENNAI: Singapore-based CapitaLand India Trust (CLINT) will acquire three industrial facilities of Casa Grande Group with a total net leasable area of 0.79 million sq ft at OneHub Chennai for Rs 268 ...