UOB employees turned up in the hundreds on Wednesday (Feb 7) as they bade a final farewell to the bank’s late former chairman Wee Cho Yaw, who died last Saturday at the age of 95. Read more at The ...
Import of 3 LNG cargoes from Singaporean firms get cabinet body approval
Cabinet Committee on Government Purchase (CCGP) in a meeting on Wednesday approved three separate proposals to import three LNG (liquified natural gas) cargoes from Singapore-based companies.Finance ...
Deal signed to export DR Congo copper via US-backed corridor
Two firms, Singapore-based Trafigura and Canada's Ivanhoe Mines, signed a major deal on Wednesday to export copper along a US-backed rail route from the Democratic Republic of Congo. Ivanhoe Mines' ...
Google’s Anti-Scam Protection: Android Users In Singapore Won’t Be Able To Install Unverified Apps
Google's Anti-Scam Protection: Android Users In Singapore Won't Be Able To Install Unverified Apps ...
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.
How UOB’s Wee Cho Yaw nailed the biggest bank takeover of his career
But it was the bank's takeover of OUB in 2001, the biggest acquisition of Wee's career, that remains UOB's most famous to date -- partly due to the parties involved, partly because it offered the ...
UOB Kay Hian raises Parkway Life REIT’s target price to $5.07
UOB Kay Hian's Jonathan Koh has kept his "buy" call on Parkway Life REIT following its FY2023 results. And with steady distribution growth ahead, he has raised his target price to $5.07 from $4.84.
DBS leads STI up 1% as Singapore shares end Wednesday higher
A bumper profit at banking giant DBS helped propel the local market north on a day when other bourses in the region clocked in with mixed results. It also announced a one-for-10 bonus share issue and ...
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 ...
Singapore-based DBS Group cuts CEO Piyush Gupta’s variable pay by 30%
This decision by DBS Group to cut its CEO's compensation comes despite the bank reporting a two percent increase in net profit to S$2.39 billion in the quarter ending December 31.
DBS Group’s India-born CEO Piyush Gupta takes $4.1 million variable cut. Here’s why
Singapore's biggest lender DBS Group Holdings Limited has said that its chief executive officer Piyush Gupta took a 30 per cent cut in variable pay which amounts to Singapore $4.1 million, Bloomberg ...
Median monthly household income in Singapore above $10,000 in 2023 for second consecutive year
SINGAPORE: The median monthly income from work for Singapore households was above S$10,000 for the second year in a row in 2023.
Standardising food expiry date labels could result in extra costs, impact food imports
Use by” dates are for highly perishable food, while "best before" dates are for food items with longer shelf life. Read more at straitstimes.com.
Singapore bank DBS cuts CEO pay on digital disruptions despite record profit
DBS Group cut CEO Piyush Gupta's pay by S$4.1 million ($3.05 million), penalising him for last year's digital banking disruptions, even as Singapore's largest lender posted a record 2023 profit and ...