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The Latest Breaking News from DBS

What Southeast Asia's largest companies say about a region in flux

Total revenue on the Southeast Asia 500 grew by almost 2% last year—but Trump trade policy could unwind those gains.

Fortune

Outgoing DBS CEO Piyush Gupta gets a 57% pay bump, reversing a massive cut in 2023

Gupta will take home $13.2 million following the bank's "stellar all-round performance as well as its improved technology resiliency.”

Fortune

“I love the topic AI” the CEO of OCBC thinks the tech will create more jobs

As part of its earnings report, OCBC revealed that it will return 2.5 billion Singapore dollars to shareholders over two years through dividends and buybacks.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

DBS, Southeast Asia's largest bank, is cutting 4,000 temp roles due to AI: 'For the first time, I’m struggling to create jobs'

DBS is the first of Singapore’s Big Three banks to suggest how AI might affect its headcount.

Fortune

Employees at Singapore’s biggest bank are set to lose their jobs to the AI revolution — and that worries me

As many as 4,000 temporary and contract DBS workers are set to lose their jobs as their terms expire and are not renewed.

TechRadar

Big bank to cut 4,000 roles as AI replaces humans

Thousands of contractual and temporary employees to be affected over the next three years

The Independent UK

Singapore’s UOB is betting on Southeast Asia for growth after posting record profit

The bank’s CEO, Wee Ee Cheong, said an enlarged customer base and enhanced platforms in the region position UOB well.

Fortune

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DBS is setting aside $23.6 million to reward staff for bank’s “record performance”

The bank, driven by its wealth management business and an increase in loans, reported a net profit of $8.4 billion for 2024, up 11% from the year before.

Fortune

Trump is set to hike tariffs. Should Southeast Asia be worried?

Countries like Vietnam benefited from Trump’s trade war. That could put them at risk in the second round.

Fortune

Singapore’s Straits Times Index is Southeast Asia’s best performing index for 2024—and it's all due to its Big Three banks

A share rally in Singapore's biggest banks—DBS, UOB and OCBC—lifted the Straits Times Index to end the year above Malayis'a Kuala Lumpur Composite Index.

Fortune

Inside the secret history of Design for Good, an alliance between companies with $4 trillion in market cap to devise solutions to the world’s biggest problems

Design for Good co-founder Ben Sheppard explains why big names like Microsoft, Nestle and DBS got involved.

Fortune

How Second Hand Rose is now on song

When he’s not at the helm of his Aston Martin specialist garage in Essex, Rikki Cann is tearing up the tracks in one of Newport Pagnell’s finest. Cann’s heavily modified Series 2 V8 Vantage has become a regular sight on circuits over its 15-year racing life and currently competes in…

Autosport

Trump's victory could make life harder for Hong Kong—and that may be good news for Singapore's banks

Banks like Singapore's OCBC are poised to gain from Chinese investment into Southeast Asia—now potentially supercharged by a new Trump trade war.

Fortune

DBS's next CEO will be Tan Su Shan, the first woman to lead Southeast Asia’s largest bank

Tan Su Shan will become the first woman CEO in DBS' history when she assumes the top job come March 2025.

Fortune

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news in one place.

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Fortune

Singapore's AI ambitions: How the city-state is keeping up in an arms race dominated by the U.S. and China

Collaboration between government and industry has made Singapore a competitive player in AI—and a "digital Switzerland" in the superpower rivalry.

Fortune

Trump's policies paint a 'negative picture,' yet his willingness to 'cut deals' may help with China, says the CEO of Southeast Asia's largest bank

DBS CEO Piyush Gupta called the former president a "dealmaker" that's "not ideologically driven to anything."

Multichannel News

DirecTV Turns 30: Colorful History, Questions About the Future

‘It’s obvious that a pure broadcast platform isn’t long for this world,’ analyst says

Fortune

Taylor Swift and Coldplay concerts may have saved Singapore’s economy from shrinking last quarter

Strong services spending, spurred from superstar concerts, offset a decline in manufacturing in the first quarter of 2024.

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news in one place.

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Top News

DBS Bank Increases Sustainable Financing By 37% In 2023

DBS reports a 37% increase in sustainable financing to .1 billion in 2023, reflecting its commitment to environmental and social initiatives.

The Times of India

Singapore's biggest bank cuts CEO's pay by millions on digital banking outage

DBS Group Holdings Ltd slashed Chief Executive Officer Piyush Gupta’s compensation by S$4.1 million ($3 million) after the lender suffered a series of digital banking outages last year and was reprimanded by the central bank.

The Hindu

Hearing of cases filed against LVB-DBS Bank merger near completion before Madras High Court

The marathon final hearing on the merger of Lakshmi Vilas Bank with DBS Bank India is nearing completion before the Madras High Court.

TV Tech

FCC Proposes Ban on Some Cable, Satellite Pay TV Fees

Chairwoman Rosenworcel wants the FCC to vote on Dec. 13 on a proposal to prohibit early termination fees and to require credits and rebates after cancellation of service

MusicRadar

Paper Dragon: "It's all about making instruments exist in a real space - putting them through distortion channels, reamping and incorporating ‘air’ into the sound"

We visit the Bristol trio combining their varied industry experience to create raw, nostalgic club music in the studio

The Hindu

Homemakers showcase culinary skills at The Hindu ‘Our State Our Taste’ contest in Chidambaram

106 participants showcased culinary skills at 4th edition of 'Our State Our Taste' preliminary round in Chidambaram. Homemakers & youngsters presented dishes prepared at home, incl. one with Gold Winner cooking oil. Judges judged based on taste, texture, flavour & presentation. S. Raji, K. Usha & M. Selvi won &…

The Hindu

Homemakers showcase skills at The Hindu ‘Our State Our Taste’ contest in Villupuram

174 participants showcased culinary skills at 4th edition of 'Our State Our Taste' in Villupuram. Homemakers & youngsters presented dishes made with Gold Winner cooking oil & millets. Judges headed by chef Dhamu judged dishes on taste, texture, flavour & presentation. R. Jayasudha won w/Adhirasam & 3 other dishes. Meera…

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