DBS Group Holdings Ltd. is poised to trim office space in Singapore, the latest bank to pare its footprint in the city-state during the coronavirus pandemic. Southeast Asia’s largest bank plans to surrender about two and half floors, or 75,000 square feet, in Tower 3 of the Marina Bay Financial Ce...

The managers of Frasers Hospitality Real Estate Investment Trust (FH-REIT) and Frasers Hospitality Business Trust (FH-BT) have appointed Eu Chin Fen as their new CEO. Eu will replace outgoing CEO Colin Low, whose last day of service is April 9. Eu’s appointment will be effective April 10. Eu is cu...

Singtel Group Treasury (SGT), a wholly-owned subsidiary of Singapore Telecommunications (Singtel), has priced $1 billion of subordinated perpetual securities on April 7. The order book for the securities, which are guaranteed by Singtel, closed after receiving interest of approximately $2.1 billion ...

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The agribusiness giant b...

The CEOs for the three biggest banks in Singapore saw pay cuts ranging from 8.2% to 24.3% for the FY2020 ended December, in tandem with lower earnings reported for the period amidst the Covid-19 environment. While base salaries for the CEOs of DBS Group Holdings, Overseas-Chinese Banking Corporation...

Olam International has secured a US$1.45 billion facility to help fund activities carried out over its AtSource sustainability insights platform. AtSource is the agri-food giant’s own system of helping itself and its customers keep tabs on the numerous supply chains. Besides measuring data on supp...

Following KrisEnergy’s updates on the Apsara oil field development in Block A, offshore Cambodia, Keppel Corporation noted that Netherland, Sewell & Associates (NSAI), a third-party petroleum engineering consultant, will be assessing the ultimate recovery from five development wells in Apsara ...

SINGAPORE: The Building and Construction Authority (BCA) will have a new chairman and deputy chairman from Thursday (Apr 1). BCA board members Mr Lim Sim Seng, group head of consumer banking and wealth management of DBS Bank and Er Professor Tan Thiam Soon, president of Singapore Institute of ...

The Singapore research team at RHB Group Research has maintained its ‘buy’ rating for DBS Bank with a higher target price of $33 from $30 previously after the stock hit a 52-week high of $29 on March 30.  The team remains bullish on DBS as a proxy to Singapore’s economic recovery, despite...

DBS Group Holdings on Friday said it was appointing senior civil servant Chng Kai Fong as a new non-executive director to the boards of DBS Holdings (DBSH) and DBS Bank.