Ant Group, parent company of China’s largest mobile payments business Alipay, has launched Trusple, a blockchain-based trade processing platform for SMEs and banks. Trusple, which is an amalgamation of “trust made simple”, is based on AntChain, a blockchain-based technology platform.  In ...

Koh Boon Hwee, one of Singapore’s most prominent executives, is teaming with four fellow investors to try and raise US$100 million (S$137 million) for a new venture firm targeting Southeast Asia. Koh, former chairman of DBS Group Holdings Ltd. and Singapore Telecommunications Ltd., and his pa...

Keppel Corporation and DBS Bank have inked a multi-faceted collaboration, using digital technologies, to create new businesses and allow cross-selling of products and services. They will be exploring synergies between the Keppel’s consumer businesses, such as M1, Keppel Electric and City Gas, as w...

Singapore’s financial regulator is “closely studying” a report that said about US$4.4 billion ($5.98 billion) of suspicious transactions flowed through the city’s banks. The island state’s largest lenders -- DBS Group Holdings Ltd., Oversea-Chinese Banking Corp. and United Overseas Ba...

United Overseas Bank Ltd. has imposed a freeze on hiring, pay and promotions as the Singapore lender prepares for a further decline in earnings following the coronavirus pandemic. The city state’s third-largest bank told staff that it expects the situation to worsen before improving when the gover...

The irrational exuberance of surplus liquidity has finally come to an end, as most markets corrected sharply following a sell-off in technology stocks. But according to OCBC’s head of research Carmen Lee, Singapore stocks could prove a safe harbour to tide over stronger headwinds in the face of mo...

PhillipCapital analyst Tay Wee Kuang has maintained his “neutral” recommendation on the Singapore banking sector. He has also maintained “accumulate” calls on all three banks – DBS Group Holdings, Oversea-Chinese Banking Corporation (OCBC), and United Overseas Bank (UOB) with target prices...

ALLIANCE Healthcare Group on Tuesday announced that its wholly-owned subsidiary Alliance Healthcare has signed an agreement with DBS Bank to collaborate on joint marketing activities.

Beijing is allowing faster gains in the yuan as it seeks to cheapen imports and bolster weak consumer spending. That’s one theory touted by DBS Bank Ltd. and Mizuho Bank Ltd., who say a stronger yuan is ideal for Beijing at a time when Chinese President Xi Jinping is pushing for a more self-relian...

Asia’s wealthy are readying cash to take advantage of opportunities in financial markets and private equity once the impact of the coronavirus pandemic subsides, according to the head of private banking at Southeast Asia’s largest lender. Clients have increased cash holdings to about 40% of thei...